5802 Palmetto Drive Unit #B-505/507, Isle Of Palms, SC 29451

$1,025,000
2
BD
2
BA
1,607
SqFt
List Price
$1,025,000
Status
Active
MLS#
22023465
Price Change
▼ $50,000 1663898546
Year Built
2007
Style
Condo Regime, Condominium
Living Area
1,607
Bedrooms
2
Bathrooms
2
Full-baths
2
Subdivision
Wild Dunes
Master Bedroom
Ceiling Fan, Outside Access

Property Description

BEST OCEAN VIEWS/LOCATION, BIGGEST & TOP EARNER! There's ONLY one with breathtaking OCEAN VIEWS seeing the sandy beach, plus row houses and new pools rivaling the new hotel's rooftop! With a mini privacy wall, this one-of-a-kind PERFECTLY POSITIONED beyond Turn Key condo in Resort Central has 2 Queens (not Twins) in the biggest 2nd bedroom Lock Off that can be rented 4 ways to maximize income! Rent all together as a 2-bedroom (1 King, 2 Queens, sleeper sofa) or separately as individual Suites for extra revenue, especially during conventions, or stay in one side and rent out the other! 2022 JULY RENT over $21K & JUNE RENT $17K+ 2022 gross Rent $120K approx. Enjoy high, 11-foot ceilings, a gourmet granite kitchen with stainless appliances, built-in oven, dryer, trash compactor, NEW refrigerator, NEW HVAC, upgrades and no-worry full-spectrum luxury concierge management in this fully furnished turnkey unique unit! Soak in the marble-encased tub, relax on your ocean facing balcony wrapped in Wild Dunes robes. Stroll downstairs to the Spa or to ALL amenities WD offers, including gourmet catered delivered meals! Get all the BEST of a condo and resort hotel with daily optional housekeeping, valet, 2 concierges, priority access to ALL Wild Dunes amenities-pools, gyms, tennis and discounts from resort restaurants, bike rentals, shops on ground floor with the great Atlantic Ocean just steps away! NEW AC & refrigerator/2022 + newer hot water heaters. Bookended in between the resort's 2 highly ranked hotels, the Residences will join the few condos worldwide with this distinction for extra value and future demand. Extra perks: Listen to live music at the Grand Pavilion, stroll/bike on trails, amphitheater entertainment, gated personalized parking, private W&D, travertine, tile and carpet flooring, owner's closet, bike storage, access to the Owner's Beach House and more! Owners get discounts while vacationing and can put resort meals and activities on their account. Don't miss this RARE OPPORTUNITY to own a top floor earner (next to Penthouses) with literally the BEST OCEAN VIEWS and location IN THE COMPLEX! Projected income post-covid is SKYROCKETING! Regime FEE includes more than other condos: building and flood insurance, water, sewer, land line phone, high speed internet/Wifi, cable, 2 concierges, valet/bellman services, pool, termite/bug control, exterior maintenance/gardening, building backup generator, patrolled security + Master capital reserve fund. Windows and doors are not replaced by owners. A PERFECT BEACH GETAWAY & E-Z INVESTMENT!

Additional Information

Levels
1 Story
Lot Description
Beach Access, Ocean View
Interior Features
Ceilings - 9'+, Window Treatments - All, Ceiling - Smooth, Window Treatments - Some, Walk-In Closets
Amenities
Cable TV, Club House, Club Membership Available, Elevators, Gated, Golf Course, Golf Membership Available, Hot Tubs, Lawn Maint Incl, Marina, Pool, Park, Security, Tennis Court(s), Trash, Walk/Jog Trails
Construction
Block/Masonry, Stucco
Floors
Carpet, Marble, Other, Luxury Vinyl Plank
Roof
Metal
Cooling
Central Air
Heating
Heat Pump
Exterior Features
Balcony
Foundation
Elv. Construction
Parking
Other (Use Remarks)
Elementary School
Sullivans Island
Middle School
Moultrie
High School
Wando

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Mikki Ramey (mikramey@gmail.com) from Listing Office: Healthy Realty Llc.