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$10,000,000

Beds
3
Baths
2.0
sq ft
1,416

3404 Palm Blvd, Isle Of Palms, SC 29451

3404 Palm Blvd

Isle of Palms, SC 29451

  • 114 days on market
One of the last opportunities for developable oceanfront property on the beautiful Isle of Palms just outside Historic Charleston, this extraordinary offering at 3404 Palm Blvd includes TWO parcels and a small vacation rental house that earned over $150,000 in income in 2023. Lot 54 is 1.31 acres total and 85 feet wide. Lot 55 is 1.29 acres and 80 feet wide. Imagine expansive ocean views, a tranquil setting, and easy access to the wide Atlantic Ocean beach here. Your options here are extensive. Live in the house while you plan a larger modern beach home, or benefit from the income instead. Move the existing house when you are ready, donate it or take it down. Build a new home on one lot and then sell the other lot. Or keep both lots for an extraordinary estate....Located on the stablemiddle beach of the island, 3404 Palm Blvd is situated conveniently just a mile to the Marina on the Intracoastal Waterway, as well as restaurants and the island grocery store. Isle of Palms is 20 miles to Charleston International Airport, 11 miles to the Executive Airport and boasts easy access to golf courses, shopping and dining.

Details

Property type

Single Family Residence

Est. home value

$4,317,435

Lot size

2.6 acres

Price per sq ft

$7,063

Year built

1993

Price History

03/15/2024
CTAR

CTAR #24006626

Listed
$10,000,000
+170.27%
04/29/2019
CTAR

CTAR #19016348

Sold
$3,700,000

Schools & Community

Elementary school: 

Sullivans Island

Middle school: 

Moultrie

High school: 

Wando

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

Bank Of America Na

Loan start date

October 2023

Original loan amount

$4,200,000

Est. remaining balance

Not provided

Interest rate

7.09%

Loan type

Commercial

Seller

3404 Lego Llc

Lender

Bank Of America Na

Loan start date

September 2021

Original loan amount

$7,250,000

Est. remaining balance

Not provided

Interest rate

2.77%

Loan type

Commercial

Seller

3404 Lego Llc

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: 07/07/2024 at 6:40 PM

Listing updated: 03/20/2024 at 1:20 PM

Listed by: Kristin Walker, Dunes Properties of Charleston Inc Phone #: (843) 881-5600

MLS: CTAR #24006626

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