5508 Palm Boulevard, Isle of Palms, SC 29451
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5508 Palm Boulevard, Isle of Palms, SC 29451

$3,650,000

STATUS: For Sale MLS #: 24001508 Days on Market: 99
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Coastal Elegance abounds in this elevated Beach House that's less than 100 yards to the white sand beaches of Isle of Palms & Wild Dunes. The tree-lined access path to the beach is located directly behind the home. No need to worry about crossing streets or dealing with traffic! The Short-Term Rental Permit has been Grandfathered in to sleep up to 20. This home is ideal for a large family and/or as a Vacation Rental investment property. In fact, the Proforma (rental income) is projected to generate over $275,000. This eight-bedroom, seven-bath home has something for everyone including your own Rooftop Deck. Elevated Saltwater Pool shaded by the deck above, Medical Sauna, private Chipping & Putting Green, Media Room, Outdoor Shower and climate controlled Workshop and Fitness rooms. With a plethora of entertainment spaces and 1000sf of decking and screened in porches, choices abound for you to find your own quiet nook to cozy up with your favorite book...or maybe even your favorite person. 😉 Set among towering oak and palm trees there is a drive thru driveway in the front of the home with access to the three car garage and the new three-level elevator. Entering the home thru the front door on the second level porch, you'll discover a two-story foyer that highlights the creative genious of the Reverse Floor Plan, also known as, an Upside Down House. The lower level provides five beautifully appointed bedrooms and four bathrooms including the Primary Suite, Renovated Primary bath with luxurious standing shower and dual vanities, the laundry room, access to the saltwater pool and plenty of covered porch retreat space. Traveling up the wide-plank stairs, you'll reach the sun-drenched, open floor plan where the living room (w/remote controlled blinds), dining room and chef's kitchen all flow together. The kitchen is adorned with a SubZero refrigerator, Wolf gas cooktop, granite countertops, SS appliances, two dishwashers, two ovens, and a whole house water filtration system. Two additional guestrooms/office, the media room, three full bathrooms, additional covered decking and access to the rooftop deck completes this upper level. Nine foot high ceilings and gleaming brazilian cherry hardwood floors throughout the home welcomes you to your newest favorite Happy Place! But, wait! There's more! Easily ascend the exterior deck stairs from the upper level to the Rooftop Deck where you'll enjoy spectacular sunrises and stunning sunsets, So many memories to hold for a lifetime! Isle of Palms is a barrier island and vacation destination located just a few miles from historic Charleston. It has easy access to the IOP stores and beaches, Sullivan's Island, Mount Pleasant, Charleston, the airport, and restaurants galore from Fine Dining to Casual Fare. Golf, Tennis & Pool amenities are available for a fee through the IOP Recreation Department and the Wild Dunes Resort. See PDF under Documents to view the list of the many Notable Improvements and recently completed updates. Let's schedule your tour today!

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Listing Provided by Carolina One Real Estate
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Address: 5508 Palm Boulevard
State: SC
Zip: 29451
County: Charleston

About Me

About MeHome ValuationExposure to Buyers

What makes me different and more worthy than any other agent? Great Question…

1.) I have been in the real estate industry since 1998

 

2.) At 29 years old I founded a wholesale mortgage firm here in Charleston and as such being the President/CEO I was responsible for overseeing 13 team members, two branches, ALL the marketing functions, business development, training of real estate agents in financing, training of my loan officers, and making sure over $85 Million in loans got closed. Of which most were purchases. So I have REAL business knowledge and real estate is business vs an agent without that savvy business skills.

 

3.) I graduated from University of S.C. where my major was media arts. What’s that mean? What you are reading right now is media. Everything you see and hear is media. Everything on a computer is digital media, websites, video, photographs, and audio. I studied video production, photography/lighting courses, audio recording, and more. Even post cards, billboards, news paper are ALL media, print media. (Although it’s an antiquated media). With that knowledge your home will have the most beautiful representation to the prospective buyers, instead of most of what you see out there (poorly lit, poorly framed, bad photos and video that put off buyers).

 

4.) 95% OF ALL REAL ESTATE TRANSACTIONS BEGIN WITH THE INTERNET… PERIOD, IT IS FACT. I am a digital internet marketing expert. I consult other businesses on how to harness the internet’s power through web design, SEO (search engine optimization), content marketing, image marketing, user experience design, online ad management and more.

When listing a home for sale there isn't an exact science to it, but what is required is knowing all the facts, and that's where I come in. What's a home valuation really anyway?

Estimating the value of real property is important to a variety reasons, but for most people, determining the asking or purchase price of a property is the most useful application of real estate valuation. This article will provide an introduction to the basic concepts and methods of real estate valuation, particularly as it pertains to real estate sales.

That's all well and good, however what most home owners in Charleston SC and the U.S. really want to know is what's my property worth now if I were to try to sell it? The most common method  that 90% of listing agent use is: 

The Sales Comparison Approach.

 

Value -
A main consideration in appraising is to determine a property’s value: the present worth of future benefitsarising from the ownership of real property. Unlike many consumer goods such as oil, lumber, food, etc. that are quickly used, the benefits of real property are generally realized over a long period of time. Therefore, an estimate of a property’s value must take into consideration economic and social factors, as well as governmental controls or regulations and environmental conditions that may influence the four elements of value:

 

  • Demand – the desire or need for ownership supported by the financial means to satisfy the desire;
  • Utility – the ability to satisfy future owners’ desires and needs;
  • Scarcity – the finite supply of competing properties
  • Transfer-ability – the ease with which ownership rights are transferred.

– What have the homes that are MOST comparable to yours (subject property) sold for recently per sq ft., and  what is currently for sale (taking into account scarcity from above)?

 

– What are the prices being asked by your competing listings in and around your neighborhood.

 

Other Factors inside the two primary ones above include: (age of home, physical features, location, conditions of the sale, economic conditions)

 


MLS ID: 24001508
List Price: $3,650,000
Bedrooms: 8
Full Baths: 7
Half Baths: N/A
Total Square Feet: 47952
Elementary School: Sullivans Island
Middle School: Moultrie
High School: Wando
Subdivision:
Home Style:
Year Built: 2002
Days On Market: 99
Lot Size: 0.2400 acres
Outdoor & Yard Description:
High Ceilings
Window Treatments
Gas Log
Entrance Foyer
Laundry Room
Kitchen Island
Family
One
0 - .5 Acre
Walk/Jog Trails
Ceiling - Smooth
Walk-In Closet(s)
Dominion Energy
Wood
Asphalt
Trash
Traditional
Balcony
Lawn Irrigation
Club Membership Available
Golf Membership Available
Office
Living Room
Level
Great
Pantry
Utility
Gas Connection
Storm Window(s)
Bonus
Study
Game
Lighting
Media
Great Room
Elevator
Beach Access
Elevator Shaft
IOP W/S Comm
Pool - Elevated
Walk-In Closet(s)
Multiple Closets
Split
Outside Access

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