![]() |
Preservation Opportunity at the Edge of America - Folly Beach, SC. Welcome to the ''Porgy House, '' a historic gem on Folly Beach, SC. Built in 1933, this summer cottage belonged to Dubose and Dorothy Heyward and was a retreat for many notable friends, including George Gershwin in 1934. It was here that Gershwin fell in love with Dubose and Dorothy's novel and play ''Porgy, '' which inspired the creation of the legendary American opera ''Porgy and Bess. ''The Porgy House offers a unique, museum-like glimpse into the 1930s life of Folly Beach. The home has been meticulously preserved, with necessary repairs made in the original style. Featuring an all-wood interior with wooden ceilings, walls, and floors, the house spans approximately 1, 600 square feet over two stories. Upstairs, you'll find two bedrooms flanking a full bathroom and a spacious living area that opens onto a sleeper's porch with a two-sided fireplace through two sets of double doors. Downstairs, there is another bedroom, a living room, a dine-in kitchen, a second bathroom, and a screened porch off the kitchen. Adding to the home's charm is a writer's booth at the back of the property, where both Dubose and Dorothy Heyward found inspiration. The home sits on approximately half an acre, just across the street from the ocean, surrounded by magnificent live oak and palm trees, offering plenty of privacy. This historic home will be sold with a preservation easement, seeking a dedicated "Porgy and Bess" enthusiast to become the next steward of this slice of history.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Insurance Division:
$2,950,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,360,000 | $2,360,000 | $2,360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.898% | 6.739% | 6.560% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,531 | $15,111 | $20,396 |
Total Monthly Payment | $14,656 | $15,236 | $20,521 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.