811 E Arctic Avenue, Folly Beach, SC 29439
- $2,500,000
- 7
- BD
- 5
- BA
- 3,596
- SqFt
- Sold Price
- $2,500,000
- List Price
- $2,650,000
- Status
- Closed
- MLS#
- 21004993
- Closing Date
- Apr 02, 2021
- Year Built
- 1975
- Style
- Traditional
- Living Area
- 3,596
- Bedrooms
- 7
- Bathrooms
- 5
- Full-baths
- 5
- Subdivision
- Folly Beach
- Acres
- 0.36
Property Description
Incredible opportunity to buy TWO oceanfront lots! Both lots are 52'x150' and are a real deal for $1,375,000.00 each. Even better, there is an existing structure that has 4 apartments with long term renters (month to month). The structure is dated and has needs TLC. The list price reflects the value of the lots but imagine the potential rental income of a 4-plex on the ocean. The 50% rule would be in effect for any improvements (no money has been spent towards the 50%). No problem building on these lots because the zoning rule of a 40' setback from the baseline still leaves plenty of room to build. Don't forget to take a look at the massive seawall near the dunes.
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Additional Information
- Levels
- Two
- Lot Dimensions
- 104x149
- Lot Description
- 0 - .5 Acre, High
- Interior Features
- Ceiling - Smooth, Living/Dining Combo
- Construction
- Vinyl Siding
- Roof
- Asphalt
- Heating
- Electric
- Exterior Features
- Balcony, Stoop
- Foundation
- Slab
- Parking
- Off Street
- Elementary School
- James Island
- Middle School
- Camp Road
- High School
- James Island Charter
Mortgage Calculator
Listing courtesy of Listing Agent: Ulf Hartwig from Listing Office: Vacasa SC LLC.
Selling Office: William Means Real Estate, LLC.