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811 E Arctic Avenue

Folly Beach, 29439

$2,650,000

Beds: 7

Baths: 5

SqFt:

Type: Single Family Detached

Listing ID: 21004993

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.

LOCATION INFORMATION

COUNTY

Charleston

SUBDIVISION

Folly Beach

MLS AREA

22 - Folly Beach to Battery Island

INTERIOR FEATURES

INTERIOR

Ceiling - Smooth

COOLING

Window Unit

HEATING

Electric

EXTERIOR FEATURES

ROOF

Asphalt Shingle

WATER / SEWER

Public Water,Septic

STORIES

2 Stories

FOUNDATION

Slab

GARAGE PARKING

Off-Street Parking

LOT DESCRIPTION

Beachfront,High,0 - .5 Acre

MISCELLANEOUS EXTERIOR FEATURES

Deck,Gutters,Stoop,Balcony

SCHOOL INFORMATION

ELEMENTARY SCHOOL

James Island

HIGH SCHOOL

James Island Charter

ADDITIONAL INFORMATION

PROPERTY TYPE

Single Family Detached

YEAR BUILT

1975

Listing information last updated: Mon Mar 22 2021 03:24:09 GMT+0000 (Coordinated Universal Time)

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