tomo logo

$2,950,000

Beds
4
Baths
3.5
sq ft
Unknown

3009 Palm Blvd, Isle Of Palms, SC 29451

3009 Palm Blvd

Isle of Palms, SC 29451

  • 171 days on market
    • Price drop $250,000↓
3009 Palm Boulevard is a remarkable 2nd row property that serves as an ideal permanent residence, second home, or real estate rental investment. One of only a few nearly circular homes on the island, the reverse floor plan gives a sense of being in a treehouse among great oaks and palms with views of the ocean. The well-designed interior layout of the house allows natural light to flood through, offering breathtaking views from the dining room, kitchen, screen porch, and decks. The property boasts three expansive deck areas, a spacious screen porch, and a rooftop deck with built-in seating to enjoy ocean views. This house provides the perfect setting for relishing the sunrise, sunset, sunbathing, and outdoor relaxation. Inside, the home features a vaulted ceiling in the living/dining area,wood flooring, large windows, quartz counters in the kitchen and baths, an island breakfast bar, stainless appliances, and ample cabinet and pantry storage. With two primary suites, a guest bedroom, and a double bunk bedroom with a full-size bed, the home is designed to cater to both adults and children. Surrounded by lush tropical landscaping, the outdoor area is a haven, complete with an in-ground, heated private pool, a 5 hole putting green, and a cabana to escape the heat, enjoy a meal freshly prepared on the grill, and enjoy the pool and putting green. The property exudes a warm and inviting ambiance, especially in the evening, thanks to the tropical landscaping and night lighting. Because of the existing porches, renovations and adding more heated square footage would be fairly economical. There are also plans to change the stairs and front entrance and add an elevator. See drawings in photos section or contact the listing office for more information. Currently operating on a short-term rental program with an average income of $130K, this property also allows the owner to enjoy the house for several months of the year while still providing the option for further rental income. Additionally, the property's prime location is an easy walk to the beach. It is just a few blocks away from the IOP Marina on the Intracoastal Waterway, offering boat rentals, fishing charters, and wildlife excursions. Isle of Palms is also home to a variety of local restaurants and is conveniently situated only 20 minutes from Historic Charleston, with its old-world charm, gourmet dining, historic plantations, and trendy boutiques. Moreover, the property offers easy access to the Charleston airport. The kitchen was remodeled in 2022 with new cabinetry. The kitchen boasts 2 sinks, a fridge, range, microwave, dishwasher (new Nov. 2023), and an ice machine. There is a large storage room in the garage with an outdoor shower.

Details

Property type

Single Family Residence

Est. home value

$2,850,935

Lot size

0.26 acres

Price per sq ft

Unknown

Year built

1993

Price History

08/03/2024
CTAR

CTAR #24014130

Price change
$2,950,000
-7.81%
07/19/2024
CTAR

CTAR #24014130

Price change
$3,200,000
-7.25%
06/03/2024
CTAR

CTAR #24014130

Listed
$3,450,000
+46.81%

Schools & Community

Elementary school: 

Sullivans Island

Middle school: 

Moultrie

High school: 

Wando

Community features: 

Park, Pool, 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 Bank Of South Carolina

Loan start date

December 2021

Original loan amount

$1,880,000

Est. remaining balance

Not provided

Interest rate

2.98%

Loan type

Commercial

Seller

Cynthia W Campbell

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?

Similar Homes Nearby

CTAR
$2,949,000
4 bd
|
3.5 ba
|
House

3 Seagrass Ln, Isle Of Palms, SC 29451

Price drop
CTAR
$3,295,000
4 bd
|
4 ba
|
House

2857 Jasper Blvd, Sullivans Island, SC 29482

CTAR
$2,799,000
4 bd
|
3.5 ba
|
2,289 sq ft
|
House

16 42nd Av, Isle Of Palms, SC 29451

Status: Active

Tomo last checked: 11/22/2024 at 10:55 AM

Listing updated: 11/13/2024 at 8:27 PM

Listed by: Alana Campbell, East Islands Real Estate Phone #: (843) 886-8114

MLS: CTAR #24014130

CTAR logo

Recently listed in Isle of Palms