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$9,377,699Estimated home value

Beds
7
Baths
9.0
sq ft
8,560

140 Flyway Dr, Johns Island, SC 29455

140 Flyway Dr

Kiawah Island, SC 29455

  • Off market
    • Price drop $1,004,000↓
Own a piece of paradise with unmatched investment potential. This stunning Kiawah Island oceanfront estate presents a rare opportunity to combine a luxurious lifestyle with a sound investment. 140 Flyway offers not only breathtaking ocean views, direct beach access, and unparalleled access to Kiawah's world-class amenities, but also the potential for significant financial returns. Why Kiawah Island? High demand and a strong rental market. Kiawah Island boasts a thriving luxury market with consistent demand for high-end properties, both for purchase as a private residence and as an income producing rental. This translates to strong occupancy rates and impressive rental income, especially during peak seasons.With limited real estate, especially ACREAGE OCEANFRONT properties, Kiawah Island offers a unique opportunity for property value growth. This scarcity, coupled with high demand, fuels consistent property value appreciation. 140 Flyway is ideal for investors seeking a high-performing rental property. Its flexible layout allows for single-level residential living with a luxurious master wing, loft, and dedicated office space. Upper and lower bedrooms can accommodate guests or overflow when needed. The current owner has successfully secured loyal renters through VRBO, many of whom book a year in advance and return year after year. Nestled on a secluded 1.03-acre oceanfront property, this residence is the epitome of luxury, offering a host of amenities including a private pool and a personal boardwalk granting you entrance to Kiawah Island's 10 miles of unspoiled beach. Designed by renowned Charleston Architect Mitch LePlante, this home is a masterpiece of architectural prowess. Floor-to-ceiling, wall-to-wall transom-topped windows flood the interior with natural light and provide breathtaking, uninterrupted ocean views. Craftsmanship abounds through arched entryways showcasing built-ins, window seats, custom millwork, wide baseboards & crown molding throughout this fabulous home. The property's allure begins with a new driveway, elegantly lined with lush native vegetation, mature oak trees, and palmettos, ensuring your privacy. It leads to a welcoming open courtyard with brick steps and an entry portico. Spanning four levels, the home boasts seven spacious bedrooms, eight full bathrooms and 2 powder rooms. The first level features four bedrooms and bathrooms, two on each side of a spacious family recreation room with a wet bar and powder room. Family and friends will relish easy entry to the pool terrace and covered patio from this level. All oceanfront bedrooms on levels 1 and 2 include a private covered porch offering serene ocean views. The second level is the heart of the home, supporting the main living spaces and the primary suite wing. The great room immediately captures your attention with its panoramic ocean views, an impressive stone fireplace, a two-story arched ceiling, and warm, heart of pine flooring accented with maple inlay. The open kitchen boasts custom cabinetry, a center island, and a breakfast bar, connecting seamlessly with the great room and the dining room. Come out to the covered deck for al fresco dining, or gather on the full rear deck with rocking chairs, where you can savor views of the natural vegetation, dunes, and the vast ocean. Two staircases frame the pool terrace which leads to the private beach access. A separate office, laundry room, and powder room are conveniently located just down the hall from the kitchen. The generous primary suite with a loft encompasses the west side, offering a second stone fireplace, a sitting area, and a covered deck with ocean vistas. A spacious loft with built-ins, a desk with a workstation, and more ocean views complete the primary suite. The oversized dual primary baths and dressing rooms with built-ins add true luxury to this space. The third level comprises a mother-in-law suite or a teenager's retreat with a sitting room. A hallway with a Juliette

Details

Property type

Single Family Residence

Est. home value

$9,377,699

Lot size

1.03 acres

Price per sq ft

$1,519

Year built

1995

Annual property taxes

$27,659.3

Monthly HOA fee

$248

Price History

09/14/2024
CTAR

CTAR #23024562

Removed
$12,995,000
08/30/2024
CTAR

CTAR #23024562

Price change
$12,995,000
-7.17%
03/23/2024
CTAR

CTAR #23024562

Listed
$13,999,000

Schools & Community

Elementary school: 

Mt. Zion

Middle school: 

Haut Gap

High school: 

St. Johns

Community features: 

Clubhouse, Fitness Center, Gated, Park, Tennis Court(s)

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

The Northern Trust Co

Loan start date

April 2016

Original loan amount

$5,330,000

Est. remaining balance

Not provided

Interest rate

2.79%

Loan type

Credit Line (Revolving)

Seller

Scott C Finerman and Thomas Embrescia

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?

Status: Off Market

Tomo last checked: 10/05/2024 at 9:00 PM

Listing updated: 08/30/2024 at 7:21 PM

Listed by: Pam Harrington, Pam Harrington Exclusives Phone #: (843) 768-3635

MLS: CTAR #23024562

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