MLS# 18022801 | 315 W Indian Avenue Folly Beach SC | Sunset Point subdivision
843-225-7007
On your phone? Text us now!
You can also Email Marshall to set up a showing any ACTIVELY listed homes - be sure to include the address!
Folly Beach, SC 29439
- 8Beds
- 8Full Baths
- 1Half Baths
- 6,066SqFt
- 2006Year Built
- 0.24Acres
- MLS# 18022801
- Residential
- Single Family Detached
- Sold
- Approx Time on Market3 months, 28 days
- AreaFolly Beach
- CountyCharleston
- Subdivision Sunset Point
Overview
** JUST LISTED ** TRULY ONE OF A KIND OPPORTUNITY IN A MARKET WHERE INVENTORY IS AT HISTORIC LOWS, PRICES ARE CONTINUING TO RISE & THIS LISTING IS BEING OFFERED WELL BELOW THE AVERAGE PRICE PER SQ. FOOT ON FOLLY BEACH. THE BOTTOM LINE IS IF YOU'RE A BEACH BUYER THEN PAY ATTENTION CLOSELY.... ** Say hello to 315 W. Indian Avenue, a (8) bedroom, (8.5) bath home that has 6066 square feet and quite possibly is the largest home on Folly Beach. Making this even more rare of an opportunity is that with the laws currently in place, you will not see one built this big again. Considered a newer property in the vacation rental program, it has already brought in about $107,000.00 in bookings for 2018! That's incredibly strong and almost a 10% GROSS ROI in Rental Income and it's only been inthe Rental Program for about a year! For those of you who are not quite sold yet, then let's discuss it's awesome location. Found on Folly Beach and just a few blocks from Center Street, the HUB of Folly, you can easily access all the various restaurants, shops, pier and nightlife that the Beach has to offer! Making the location even more appealing is approximately 325 yards away from the Sandy Beaches along the Atlantic Ocean! Last but not least, you are about 15 minute drive to the Historic Downtown Charleston Peninsula making it one of the most ideal Beaches in the Lowcountry. Boasting a kitchen on each of the 3 stories, this is the ultimate Beach House! The first floor allows plenty of natural light and is equipped with a large kitchen that opens into the great room that features a gas fireplace and an entertainment friendly floor-plan. Also found on this floor are large bedrooms including the Master Bedroom that has tray ceilings, jacuzzi tub w/separate standup shower and double vanity in the bath. The second floor also features a full kitchen and open living area. The third story is hosts a bedroom, sunroom and third kitchen. The bottom line is that you will not find another property like this one nor will you currently be able to build one. In it's first year its proven to be a rental juggernaut and you will not find many opportunities for such an amazing return on your investment! We are looking at almost 10% in its first full year (gross ROI). In addition to that, we are priced so significantly below the average price per square foot for Folly Beach that this property could be a fantastic investment on ALL FRONTS! If you have been dreaming of a Beach Home that is truly one of a kind, this is it!*** AGENTS MUST READ NOTES *** Buyer to confirm accuracy of all information provided.
Sale Info
Listing Date: 08-13-2018
Sold Date: 12-12-2018
Aprox Days on Market: 
3 month(s), 28 day(s)
Listing Sold: 
5 Year(s), 9 month(s), 28 day(s) ago
Original Asking Price: $1,049,740
Asking Price: $1,049,740
Selling Price: $1,050,000
Price Difference From Original:
Increase $260
Price Difference From Asking:
Increase $260
Agriculture / Farm
Grazing Permits Forest Service: No
Grazing Permits Private: No
Grazing Permits Blm: No
Horse: No
Farm Credit Service Incl: No
Association Fees / Info
Community Features: Boat Ramp
Bathroom Info
Halfbaths: 1
Fullbaths: 8
Building Info
Levels: 3 Stories
Window Features: Thermal Windows/Doors, ENERGY STAR Qualified Windows
Year Built: 2006
Floors: Ceramic Tile, Laminate, Marble, Wood
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Misc Ext: Front Porch, Porch - Full Front
Pool Private: No
Style: Traditional
Garage / Parking
Gar Pkg: 4 Car Garage, Attached, Garage Door Opener
Garage: Yes
Attached Garage: Yes
Green / Env Info
Green Energy Efficient: HVAC
Interior Features
Desclocation: Gas Log, Living Room
Interior Features: Ceiling - Smooth, Tray Ceiling(s), High Ceilings, Elevator, Garden Tub/Shower, Kitchen Island, Walk-In Closet(s), Ceiling Fan(s), Bonus, Eat-in Kitchen, Family, Formal Living, Entrance Foyer, Great, Living/Dining Combo, Loft, In-Law Floorplan, Office, Separate Dining, Study, Utility
Fireplace: Yes
Laundry Features: Dryer Connection, Laundry Room
Lot Info
Lot Size: 0.24
Lot Desc: Interior Lot, Level
Lot Size Units: Acres
Acres: 0.24
Lot Sqft: 10454.4
Irrigation Water Rights: No
Offer Compensation
Other
Mobile Home Remains: No
Property Info
Property Type: A
Stories: 3
Foundation: Raised
Exterior: Cement Plank
New Construction: No
Roof: Architectural
Building Area Units: Square Feet
Special: Flood Insurance
View: No
Home Warranty: No
Habitable Residence: No
Room Info
Beds: 8
Primary Bedroom Features: Ceiling Fan(s), Garden Tub/Shower, Walk-In Closet(s)
Sale / Lease Info
Sold Date: 2018-12-12T00:00:00
Lease Renewal Option: No
Lease Considered: No
Lease Assignable: No
Special Features
Sqft Info
Sqft: 6066
Unit Info
Utilities / Hvac
Water Source: Public
Utilities: SCE & G
Heating: Yes
Heat: Electric
Water Sewer: Public Sewer
Cooling: Yes
Waterfront / Water
Waterfront: No
Directions
From Center St. On Folly Beach Turn Onto W. Indian Ave. Home Will Be On The Left In The Third Block.Courtesy of listing office Fred Holland Realty
We are FULL TIME and Full Service agents!
Wondering what your home in Sunset Point is worth today? Call me and lets speak about your Folly Beach SC Residential property for sale?
Call Marshall at 843-532-3214 to list your Folly Beach home today! : Please Bookmark https://www.marshallwalker.com for the best in Folly Beach real estate : Choose Marshall Walker for your real estate needs!