RARE FOLLY BEACH Investment Opportunity on centrally located street to street lot with highly sought after Two-Family Residential Zoning. TFR zoning allows for a total of 3600 sq ft divided b/t two structured homes which can be rented short term- It's only 1 of 79 zoned for a duplex on all of Folly. As it is now, this 1745 sq ft 4 BR/3 B house can be used as a SFH w/guest suite or rented out as a duplex (3/2 and 1/1). However, add a little imagination and a savvy buyer can add up to 1855 sq ft to the existing structure or build a totally separate structure on the back end of the street to street lot. LOCATION! LOCATION! A 1000' from the beach, 400' from Center St., 250' from Folly River Park and its dock. Built on an old dune ridge, its higher elevation offers more security during storms. From 2015 Comprehensive Plan in documents section: "One notable development in the RTF zone since the 2005 Comprehensive Plan is an amendment to the zoning code that allows owners to develop two individual structures rather than one combined duplex. Prior to this amendment, owners wishing to construct the allowable maximum of two units were forced to build large duplexes which were out of scale with the older surrounding homes. Now owners have the option of building two smaller, detached units which more closely match the size older existing development." Its large family room opens up to one of the kitchens and boasts a vaulted ceiling and a wood burning fireplace. The lush backyard has lovely old oaks and palmettos providing shading around the large pool deck, pergola, and outdoor shower. The updated pool and hot tub have a solar heater which allows for swimming March-Nov. Back third of the yard beyond the pool is separated by a privacy fence creating a secure, fenced garden/recreation/new structure build area away from the pool w/an RV hook-up which enables one to stay in an RV while others are in the house. Large screened porch and fenced yard complete the front. The home is currently on a vacation rental program which will be turned over to the new owner (see document section for income). Property is being sold AS-IS with furnishings and appliances included. Pool updated 2022 and new lighting installed in pool and yard. New HVAC 2022 still under warranty. New roof installed 2019. Newly renovated bathroom. Installed privacy fence and added RV parking spot in past year. Buyer and Buyer agent to verify anything deemed important to include zoning, square footage, schools, taxes, etc.
Listing courtesy of Carolina One Real Estate.