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$1,750,000

Beds
4
Baths
3.5
sq ft
Unknown

2824 Old Drake Dr, Johns Island, SC 29455

2824 Old Drake Dr

Seabrook Island, SC 29455

  • 1 day on market
Imagine sitting on your near full wrap around deck enjoying views of Mallard Lake completed with a glass of wine or sweet tea. Or enjoy the a fabulous home theater with tiered theatre seating, sound resistant paneled walls, a projector and 120'' viewing screen and sound system to match. This home is graced with plantation shutters, rich marble and hardwood flooring. It also has coffered, tray and barrel ceilings, high end trims and moldings, custom built-ins, wainscoting, pocket doors and the finest finishes. Sold furnished, with exceptions.The large lot is set back for privacy, with plenty of mature landscaping, and truly has a grand entrance worthy of a home of this stature!The kitchen, with substantial storage, including pantry, is wide open to the living room with open views of the lake also. The living room also contains cabinetry with built ins (including hiding place for TV). The main bedroom, on the first floor, also has wonderful views of the lake with an entrance to the back deck, complete with an electric fireplace and built in cabinets. The main bath has a double vanity, substantial cabinetry, a lovely walk in shower with a stand-alone tub. The main floor also has two guest bedrooms with one having lake views and the other views out the front. As you enter the home you have a lovely sitting area to your left, with an electric fireplace and an impressive formal dining to the right, excellent for dinner parties. The home theatre room, along with a fourth bedroom and full bathroom, complete the second floor.Enjoy the equestrian path in the back of the home as riders swing by on occasion. Additional features include: a four-car garage, cement plank siding, surround sound, specialty lighting, all first-floor rooms have access to one of the porches and the Lake House wellness/community center is only a short bike ride or walk away. Seabrook Island is home to a private beachfront community with two world class golf courses, a tournament grade tennis center, full-service equestrian center, fitness and aquatics complex, long unspoiled beaches, a seasonal variety of indoor and outdoor dining venues for lunch, dinner and your own private events of any size. Also located on the island proper are Freshfields Village and Bohicket Marina. Freshfields Village is a unique town center mix of shopping, dining and service establishments in a stylish and relaxed outdoor environment between Seabrook Island and neighboring Kiawah Island. Bohicket Marina is boasts both wet slips and dry storage slips plus a quaint market with wonderful restaurants and shops. Contribution to capital within P.U.D. upon the initial sale and resale is 1/2 of 1% of the sale price. Purchase also requires membership to the Seabrook Island Club. Buyer is responsible for a $100 transfer fee at closing to SIPOA.

Details

Property type

Single Family Residence

Est. home value

$1,546,139

Lot size

0.51 acres

Price per sq ft

Unknown

Year built

2005

Price History

02/22/2025
CTAR

CTAR #25004663

Listed
$1,750,000
+118.75%
08/20/2020
CTAR

CTAR #19023217

Sold
$800,000

Schools & Community

Elementary school: 

Mt. Zion

Middle school: 

Haut Gap

High school: 

St. Johns

Community features: 

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

Negotiation Insights

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

Seller could get up to

$1,032,193
Asking price
$1,750,000
Closing costs (~8% of asking)
-$140,000
Est. remaining loan balance
-$577,807
Cash to seller
$1,032,193

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wilmington Savings Fund Society Fsb

Loan start date

August 2020

Original loan amount

$640,000

Est. remaining balance

$577,807

Interest rate

3.13%

Loan type

New Conventional, 30 year

Seller

Edward H Leonard and Susan D Leonard

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: Active

Tomo last checked: 02/23/2025 at 4:05 AM

Listing updated: 02/22/2025 at 1:17 AM

Listed by: Paul Charles, Akers Ellis Real Estate LLC Phone #: (843) 768-9844

MLS: CTAR #25004663

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