1689 E Ashley Avenue, Folly Beach, SC 29439

$2,000,000
3
BD
2
BA
1,000
SqFt
Sold Price
$2,000,000
List Price
$2,250,000
Status
Closed
MLS#
22009440
Closing Date
Dec 22, 2022
Year Built
1962
Style
Cottage
Living Area
1,000
Bedrooms
3
Bathrooms
2
Full-baths
2
Subdivision
Folly Beach
Acres
0.48

Property Description

Estimated Annual Rental Income = $540,800.00 from new build. (2 TMS #'s for 1 home = closer & larger build area). Suggestion: Tear down small cottage and build your Dream Home or a 5BR/5.5 BA Vacation Rental (Rendering photos shown). This property is one of the few double oceanfront lots that has plenty of build area for a large new home with a raised oceanside pool. The current 3 BR/2 BA home is on a vacation rental program with a strong rental history & upcoming bookings throughout 2022. See documents. OWNER/AGENT

Additional Information

Levels
One
Lot Description
0 - .5 Acre, High
Interior Features
Ceiling - Smooth, Eat-in Kitchen, Living/Dining Combo
Construction
Vinyl Siding
Roof
Asphalt
Cooling
Central Air
Heating
Electric, Heat Pump
Foundation
Crawl Space
Parking
Off Street
Elementary School
James Island
Middle School
Camp Road
High School
James Island Charter

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Richard Parker from Listing Office: Dunes Commercial Properties.

Selling Office: Handsome Properties, Inc..