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622 Ocean Boulevard, Isle of Palms, SC 29451

$5,500,000

Property Type: Residential Bedrooms: 12 Baths: 12.5 Square Footage: 7,500 Lot Size (sq. ft.): 26,572 Status: Closed

Current Price: $5,500,000 List Date: 2/02/2018 Last Modified: 5/12/2020

Overview

Description

Rare offering on Isle of Palms -could not be built today- an expansive 12 bedroom, 12 1/2 bath beachfront home, established as a grandfathered in, short term luxury rental that legally sleeps 29 people. This home commands high dollar rents & grosses $630k annually - 600k already pre-booked for 2017. Inherit this income & begin enjoyment of this outstanding & unique property. Features expansive ocean views, pool & spa, an abundance of living spaces, porches & balconies, all bedrooms w/ on suites, state of the art kitchen, an elevator w/ access to 3 flrs & high end finishes throughout. Immaculately maintained & managed, this home offers 5 star accommodation, with no detail spared or overlooked - & all convey, from furnishings to linens- this beach house & income property are offered turnkey.

Listing Details MLS# 17007149

Location, Tax & Legal

Tax Map #: 5681000205
Street #: 622
Street Name: Ocean
Street Suffix: Boulevard
County: Charleston
State: SC
Zip Code: 29451
Area: 44 - Isle of Palms
Tax District: 24 - City of Isle of Palms
Subdivision: None
Elementary School: Sullivans Island
Middle School: Moultrie
High School: Wando
Directions: Come off IOP connector, take a right on 7th and Palm Blvd, continue to Ocean Blvd and take a right at stop sign, home is first on your left, oceanside.

Contract Info

Sub-Type: Single Family Detached
MLS List Date: 2017-03-13
Total List Price/SqFt: 796.67

General Property Info

Primary Structure Full Baths: 12
Primary Structure Half Baths: Yes
Primary Structure Beds: 12
Total Baths - Full: 12
Total Baths - Half: Yes
Total Beds: 12
Baths - Total: 12.5
Ground Level: No
Stories: 3
Primary Structure Apx SqFt: 7500
Total Apx SqFt: 7500
Ownership: Fee Simple
Year Built: 1994
Acreage: 0.61
Potential Short Sale: No

Status Change Info

Sold Date: 2018-05-01
Total Sold Price/SqFt: 733.33
New Mortgage Type: Conventional

More Information

Property Features

SqFt Source: Appraisal SF Detached Style: Traditional Lot Description: Beachfront Misc Exterior: Deck; Pool - In Ground; Porch - Full Front; Storm Doors; Storm Windows Roof: Architectural Exterior: Cement Plank Foundation: Elv. Construction; Piling Misc Interior: Elevator New Owned: Pre-Owned Rooms: Bonus; Great; Laundry; Media; Office; Pantry; Study; Utility Cooling: Central Air Floors: Stone; Stone; Wood Heat: Forced Air Possession: At Closing Amenities: Elevators; Hot Tubs Proposed Financing: Any Assumable: No Green Features: Tankless Water Heater

Listing Office: Brand Name Real Estate

Last Updated: May - 12 - 2020

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