tomo logo

$2,690,000

Beds
5
Baths
4.0
sq ft
Unknown

1306 Palmetto Blvd, Edisto Island, SC 29438

1306 Palmetto Blvd

Edisto Beach, SC 29438

  • 20 days on market
CHARMING BEACHFRONT COTTAGE WITH RARE GUEST HOUSE-1306 Palmetto Blvd.This completely remodeled 1950's Original offers a unique blend of classic charm and modern luxury. Situated on a spacious and deep 0.35 acre lot, protected by rolling berms, this property includes a rare guest house, providing a total of 6 bedrooms and 5 full baths, all fully renovated to perfection!!! A Total Renovation: Both the main house and the guest house have undergone extensive renovations; new electrical and plumbing, HVAC systems, (ERS) Energy Recovery System for fresh air and humidity management, new windows and doors have been installed where needed, the RO tank has a switch for each zone, Everlast heavy-weighted siding and the entire property is encapsulated with cell foam insulation for superior energyefficiency and comfort. In addition, there was restoration of the original hardwood floors and tongue in groove beadboard ceilings in the main house. Architectural Excellence: The property boasts new architectural drawings with updated floorplans for both main and guest houses. Both structures were gutted to the studs and beyond, then rebuilt according to the new floor plans. All structural issues were identified and either replaced or repaired, ensuring a firm foundation and modern design. The main house features a stunning new two-story deck (which over looks the the pool and beyond, to the ocean) with spiral staircase connecting the levels, while the guest house boasts a new deck with ocean views and roofline. The property holds a Certificate of Completion. Modern Amenities: Enjoy high-end appliances in the main house with multiple refrigerators/freezers and full size washer and dryer, quartz countertops and a large kitchen island for preparing extravagant or easy meals. To differentiate, the high end appliances in the guest house are adorned in beautiful white and gold trim, along with a gas stove and quartz countertops with an eating counter for meals or workspace, all while enjoying ocean views! The guest house has an upgraded two-in-one washer/dryer for space saving, too. Both the main and the guest houses have fabulous bathroom remodels with each offering tankless hot water heaters. Outdoor Paradise: Jump into the large saline swimming pool with a spacious deck area, flexible shading, and perimeter fencing. The main house also includes a new outdoor shower and a four-hole putting green under the deck. There's a large screened in porch under the main house where you can enjoy low country boils, oyster roasts or just hanging out while listening to the waves crash. Sustainable Living: Equipped with electric car charging stations at both the main and guest house, this property is designed for eco-friendly living. Additional Features: Total above ground sqft is 2120 with an additional 450+/- sqft on the ground floor level of the main house. This ground floor level has an owner's closet, changing room, bonus room/bedroom, full bathroom, as well as multiple storage options. The majority of this space has been treated with closed cell insulation for added heating and cooling management. Full house Generac generator for the main house, and all-new landscaping with irrigation, retaining wall, and hardscape as needed. Renters rave about how well stocked the property is from the kitchen with small appliances to beach towels and bath supplies! Move-in ready! Investment Opportunity: This property is located in a desirable mid-beach location and is in an AE flood zone. In addition, Edisto Beach is scheduled for beach re-nourishment, enhancing its long-term value. If you're interested in a Premium Investment Opportunity, this is worth exploring! Beach properties with a guest house are rare on Edisto! ACT QUICKLY! Annual Projected Gross Rental Income 170,000-190,000

Details

Property type

Single Family Residence

Est. home value

$1,758,521

Lot size

0.35 acres

Price per sq ft

Unknown

Year built

1950

Annual property taxes

$15,300.43

Price History

02/03/2025
CTAR

CTAR #25002715

Listed
$2,690,000
+263.51%
06/30/2020
CTAR

CTAR #20003920

Sold
$740,000

Schools & Community

Elementary school: 

Jane Edwards

Middle school: 

Out of Area

High school: 

Colleton

Community features: 

Pool

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

South Carolina Fcu

Loan start date

November 2020

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

2.88%

Loan type

Stand Alone Second, 20 year

Seller

Mark E Ray and Rene J Ray

Lender

First Mortgage Solutions Llc

Loan start date

June 2020

Original loan amount

$510,000

Est. remaining balance

$460,429

Interest rate

3.26%

Loan type

New Conventional, 30 year

Seller

Mark E Ray and Rene Ray

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/23/2025 at 10:10 PM

Listing updated: 02/23/2025 at 9:10 PM

Listed by: Rebecca Williams, Carolina One Real Estate Phone #: (843) 795-7810

MLS: CTAR #25002715

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