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$1,349,000

Beds
4
Baths
5.0
sq ft
Unknown

8834 Palmetto Rd, Edisto Island, SC 29438

8834 Palmetto Rd

Edisto Island, SC 29438

  • <1 day on market
Imagine stepping into a home where every detail has been thoughtfully designed for both comfort and beauty. This custom-built residence in the highly desirable neighborhood called The Neck, offers not only an exceptional living experience but also a fantastic investment opportunity. Set amidst a stunning landscape of moss-draped Live Oaks and stately Palmettos, the home stretches across 1.5 acres, providing a private oasis just minutes from Edisto Beach and Live Oak Boat Landing. As you step inside, the home immediately welcomes you with its traditional elegance. With 9-foot ceilings and thoughtfully designed rooms, each space flows seamlessly into the next, creating a sense of both openness and intimacy. The newly refinished hardwood floors flow throughout the main living areasproviding a warm, timeless look. The entire interior has been newly painted (except for the family room), providing a clean, modern backdrop that highlights the home's craftsmanship and charm. At the heart of the home is the gourmet kitchen, where new double ovens (2023), a new dishwasher (2023), a new stove top (2022), and a new hood vent (2023) combine with stylish new lighting to create a functional and beautiful space for both casual meals and entertainment. A reverse osmosis system installed in 2023 ensures purified water throughout the home, while plantation shutters add an extra touch of elegance. The primary suite offers a serene and private retreat, featuring a completely remodeled custom ensuite (2025) with a luxurious new walk-in closet (2025). It's the perfect place to unwind. In addition, the other bathrooms have been thoughtfully updated, including the addition of a new vanity (2025) in the middle bathroom, and a stunning remodel that transforms one bathroom into two separate spaces (2025), enhancing both functionality and style. Step outside to discover an incredible outdoor space designed for both relaxation and entertainment. The new fiberglass saltwater pool (2024) with a sleek new concrete surround serves as the centerpiece, offering the perfect spot for swimming or lounging. The outdoor kitchen and spacious entertainment area make hosting gatherings effortless, while the fenced-in backyard provides privacy and room for outdoor activities. Enjoy cozy evenings around the custom wood swings and fire pit (2024), all set against the peaceful backdrop of the stunning natural landscape. With modern systems designed for efficiency and comfort, this home is ready for the long haul. A new roof (2024), new tankless hot water heaters (2024), and new HVAC systems (upstairs in 2021, downstairs in 2022) provide peace of mind, ensuring year-round comfort. The new windows upstairs (2024) and new French doors (2024) let in an abundance of natural light, enhancing the home's inviting atmosphere and energy efficiency. This home's 3 side entry garage has been fully updated with new garage door openers (2025) for all three doors, a newly painted ceiling, and a chase around open pipes for a sleek, organized look. The widened driveway (2023) makes parking more convenient. In addition, the chimney removal (2025) was replaced with vented propane fire logs, adding a modern touch to the home. For added peace of mind, the Sub-Zero refrigerator seal has also been replaced in 2025. This home epitomizes the best of coastal living, offering a perfect blend of luxury, convenience, and strong income potential. Whether you're seeking a personal getaway or an income-generating investment, this property delivers both. Located in one of the area's most sought-after neighborhoods, it's the ideal place to enjoy a lifestyle of comfort and elegance. Don't miss the opportunity to see all that this exceptional property has to offer! Rental income/projections: In 2024, this property generated $101,000 in rental income, with $86,654 booked (as of 3-3) for 2025, making it a perfect choice for those seeking both a coastal retreat and a profitable investment.

Details

Property type

Single Family Residence

Est. home value

$982,129

Lot size

1.5 acres

Price per sq ft

Unknown

Year built

1997

Annual property taxes

$4,962.7

Monthly HOA fee

$8.33

Price History

03/04/2025
CTAR

CTAR #25005616

Listed
$1,349,000
+138.76%
11/19/2020
CTAR

CTAR #20023795

Sold
$565,000
+35.01%
11/12/2014
CTAR

CTAR #1319424

Sold
$418,500

Schools & Community

Elementary school: 

Jane Edwards

Middle school: 

Colleton

High school: 

Colleton

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 Walterboro

Loan start date

October 2022

Original loan amount

$150,000

Est. remaining balance

Not provided

Interest rate

4.36%

Loan type

Credit Line (Revolving), 2 year

Seller

Melissa Ann Schramm and Justin Michael Schramm

Lender

Guaranteed Rate Affinity Llc

Loan start date

November 2020

Original loan amount

$565,000

Est. remaining balance

$511,377

Interest rate

2.88%

Loan type

VA, 30 year

Seller

Justin M Schramm and Melissa A Schramm

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: 03/04/2025 at 6:35 AM

Listing updated: 03/04/2025 at 6:05 AM

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

MLS: CTAR #25005616

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