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$1,695,000

Beds
6
Baths
6.5
sq ft
Unknown

8958 Palmetto Rd, Edisto Island, SC 29438

8958 Palmetto Rd

Edisto Island, SC 29438

  • 42 days on market
    • Price drop $100,000↓
STUNNING TRANSFORMATION! Nestled on 1.3 acres of serene land on Edisto Island, this expansive 3,800 sqft estate combines Southern charm with modern luxury. Surrounded by moss-draped Live Oaks and overlooking a tranquil saltwater pond, the home offers an enchanting island retreat. Exquisitely re-imagined and completely renovated with meticulous attention to detail, this custom-built home boasts six spacious bedrooms, each with its own renovated ensuite bathroom, along with a stylish half-bath for guests. The heart of the home is its gourmet kitchen, featuring sleek Thermador appliances, custom hinge inset cabinetry, & premium finishes blending contemporary elegance with comfort. The exterior is now wrapped in durable, low-maintenance HardiePlank siding, ensuring both beauty and longevity.Upon entering through beautiful new front doors, you're greeted by a bright and spacious foyer featuring soaring ceilings adored with crown molding and all new white oak wood floors in a herringbone design stained natural. You'll notice the abundant sun-filled rooms couple with shadows as if dancing on the ceilings from all new designer light fixtures. The living room features a gas fireplace for cozy winter evenings and serves as the centerpiece of the home, offering an inviting space for both relaxation and entertainment. A grand opening through new custom doors into the sunroom draws you deeper towards the outdoors with its new tumbled marble floors and pond views. This space is special! Easily flow into the impressive completely remodeled kitchen outfitted with a paneled refrigerator door, custom Alderwood down draft, Carrera marble countertops, custom lighting, blinds and draperies that leave you longing for another cup of coffee from the coffee bar. The dining room also offers water views, as you flow into the living room or take a step out to the expansive deck to sit a spell and enjoy the wildlife. A large primary suite is complimented by a flex room which is currently used as an office, as well as a completely renovated bathroom including new porcelain floors, teak and marble vanities, light fixtures, brass plumbing, mirrors, shower, toilet and soaking tub! There is a guest bedroom on the first floor with a fully renovated ensuite for guests. All 6 bedrooms and 6.5 bathrooms, including the half- bathroom downstairs offer new paint, floors, toilets, vanities, fixtures, lighting, mirrors & showers/cast iron tubs! There are 11 brand-new solid wood doors, adding a touch of quality craftsmanship and elegance throughout the interior. These doors not only enhance privacy but also elevate the overall aesthetic, complementing the home's sophisticated design and high-end finishes. As you meander though the wide stairway to the second floor, the generous-sized hallway upstairs connects four beautiful bedrooms, each with its own private ensuite bathroom and walk-in closets. One of these bedrooms could be used as a dual primary suite while two additional bedrooms offer access to the 2nd floor porch to further escape outdoors to enjoy the pond view with a glass of wine. Furthermore, the upstairs features a versatile flex room offering endless possibilities to suit your needs. The thoughtful design and attention to detail ensure comfort and privacy for every family member or guest. The home has an interior stairway where there is ample parking for cars, boats and other toys. There is plenty of gathering space for low-country boils, oyster roasts, barbeques and quiet time around the fire pit. There is ample closed storage underneath for all your necessities, too. All previous outdoor lattice has been replaced with horizontal solid wood, beadboard added to porch ceiling along with new copper light fixture and the entire home has been painted inside and outside! Outfitted with all new outdoor lighting, generator ready with gas and electrical lines installed with an in-house switch, 3 new windows, and finally metal vents to replace plastic ones outsi

Details

Property type

Single Family Residence

Est. home value

$943,961

Lot size

1.3 acres

Price per sq ft

Unknown

Year built

2000

Annual property taxes

$4,443.66

Monthly HOA fee

$20

Price History

10/15/2024
CTAR

CTAR #24024686

Price change
$1,695,000
-5.57%
10/08/2024
CTAR

CTAR #24024686

Listed
$1,795,000
09/30/2024
CTAR

CTAR #24024686

Pending
$1,795,000

Schools & Community

Elementary school: 

Jane Edwards

Middle school: 

Colleton

High school: 

Walterboro

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

$1,072,801
Asking price
$1,695,000
Closing costs (~8% of asking)
-$135,600
Est. remaining loan balance
-$486,599
Cash to seller
$1,072,801

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

Seller’s Loan History

Lender

Better Mortgage Corporation

Loan start date

October 2022

Original loan amount

$499,500

Est. remaining balance

$486,599

Interest rate

5.89%

Loan type

New Conventional, 30 year

Seller

John Stanton and Kelly Stanton

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?

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Status: Active

Tomo last checked: 11/05/2024 at 10:30 PM

Listing updated: 10/16/2024 at 10:35 AM

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

MLS: CTAR #24024686

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