811 Arctic Avenue, Folly Beach, SC 29439

$2,500,000

Property Type: Residential Bedrooms: 7 Baths: 5 Square Footage: 3,596 Lot Size (sq. ft.): 15,682 Status: Closed

Current Price: $2,500,000 List Date: 3/02/2021 Last Modified: 4/13/2023

Overview

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.

Listing Details MLS# 21004993

Location, Tax & Legal

Tax Map #: 3281600016
Street #: 811
Street Name: Arctic
Street Suffix: Avenue
County: Charleston
State: SC
Zip Code: 29439
Area: 22 – Folly Beach to Battery Island
Tax District: 33 – City of Folly Beach
Subdivision: Folly Beach
Elementary School: James Island
Middle School: Camp Road
High School: James Island Charter
Directions: Center Street turn left on E Arctic. House is on the right on the 8th block.
Legal Description: LT 806 and 806 B. 2 lots with tms #s 328-16-00-016 and 328-16-00-226.

Contract Info

Sub-Type: Single Family Detached
MLS List Date: 2021-02-26

General Property Info

Baths – Full: 5
Baths – Total: 5
Ground Level: Yes
Stories: 2
Primary Structure Apx SqFt: 3596
Ownership: Fee Simple
Year Built: 1975
Acreage: 0.36
Potential Short Sale: No
C/R: No
Lease Purchase: No
HOA Fee: No
Auction: No

Status Change Info

Sold Date: 2021-04-02
Sold Price/SqFt: 695.22
New Mortgage Type: Cash

Tax/Fees

Special Assessment: No
Taxes: 18500
Regime Fee: No

SqFt Source

Tax Records: Yes

More Information

Roof

Asphalt Shingle: Yes

Lot Description

0 – .5 Acre: Yes
Beachfront: Yes
High: Yes

SF Detached Style

Traditional: Yes

Exterior

Vinyl Siding: Yes

Foundation

Slab: Yes

Garage/Parking

Off-Street Parking: Yes

Misc Exterior

Balcony: Yes
Deck: Yes
Rain Gutters: Yes
Stoop: Yes

Stories/Levels

2 Stories: Yes

Cooling

Window Unit(s): Yes

Heat

Electric: Yes

Rooms

Living/Dining Combo: Yes

Assumable

No: Yes

Proposed Financing

Cash: Yes

Misc Interior

Ceiling – Smooth: Yes

New Owned

Pre-Owned: Yes

Possession

Tenants Rights: Yes

Water/Sewer

Public Water: Yes
Septic: Yes

Property Features

SqFt Source: Tax Records SF Detached Style: Traditional Lot Description: 0 – .5 Acre; Beachfront; High Misc Exterior: Balcony; Deck; Rain Gutters; Stoop Roof: Asphalt Shingle Exterior: Vinyl Siding Foundation: Slab Misc Interior: Ceiling – Smooth New Owned: Pre-Owned Rooms: Living/Dining Combo Cooling: Window Unit(s) Heat: Electric Possession: Tenants Rights Proposed Financing: Cash Assumable: No

Documents

Survey ›

Listing Office: Vacasa SC LLC

Last Updated: April – 13 – 2023

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811 Arctic Avenue, Folly Beach, SC 29439 (MLS# 21004993)