1306 Palmetto Boulevard, Edisto Beach, SC, 29438 | $2,690,000

CHARMING BEACHFRONT COTTAGE WITH RARE GUEST HOUSE-1306 Palmetto Blvd. This completely remodeled 1950's Original offers a unique blend of classic charm and modern luxury. Situated on a spacious and deep 0. 35 acre lot, protected by rolling berms, this property includes a rare guest house, providing a total of 6 bedrooms and 5 full baths, all fully renovated to perfection!!! A Total Renovation: Both the main house and the guest house have undergone extensive renovations; new electrical and plumbing, HVAC systems, (ERS) Energy Recovery System for fresh air and humidity management, new windows and doors have been installed where needed, the RO tank has a switch for each zone, Everlast heavy-weighted siding and the entire property is encapsulated with cell foam insulation for superior energyefficiency and comfort. In addition, there was restoration of the original hardwood floors and tongue in groove beadboard ceilings in the main house. Architectural Excellence: The property boasts new architectural drawings with updated floorplans for both main and guest houses. Both structures were gutted to the studs and beyond, then rebuilt according to the new floor plans. All structural issues were identified and either replaced or repaired, ensuring a firm foundation and modern design. The main house features a stunning new two-story deck (which over looks the the pool and beyond, to the ocean) with spiral staircase connecting the levels, while the guest house boasts a new deck with ocean views and roofline. The property holds a Certificate of Completion. Modern Amenities: Enjoy high-end appliances in the main house with multiple refrigerators/freezers and full size washer and dryer, quartz countertops and a large kitchen island for preparing extravagant or easy meals. To differentiate, the high end appliances in the guest house are adorned in beautiful white and gold trim, along with a gas stove and quartz countertops with an eating counter for meals or workspace, all while enjoying ocean views! The guest house has an upgraded two-in-one washer/dryer for space saving, too. Both the main and the guest houses have fabulous bathroom remodels with each offering tankless hot water heaters. Outdoor Paradise: Jump into the large saline swimming pool with a spacious deck area, flexible shading, and perimeter fencing. The main house also includes a new outdoor shower and a four-hole putting green under the deck. There's a large screened in porch under the main house where you can enjoy low country boils, oyster roasts or just hanging out while listening to the waves crash. Sustainable Living: Equipped with electric car charging stations at both the main and guest house, this property is designed for eco-friendly living. Additional Features: Total above ground sqft is 2120 with an additional 450+/- sqft on the ground floor level of the main house. This ground floor level has an owner's closet, changing room, bonus room/bedroom, full bathroom, as well as multiple storage options. The majority of this space has been treated with closed cell insulation for added heating and cooling management. Full house Generac generator for the main house, and all-new landscaping with irrigation, retaining wall, and hardscape as needed. Renters rave about how well stocked the property is from the kitchen with small appliances to beach towels and bath supplies! Move-in ready! Investment Opportunity: This property is located in a desirable mid-beach location and is in an AE flood zone. In addition, Edisto Beach is scheduled for beach re-nourishment, enhancing its long-term value. If you're interested in a Premium Investment Opportunity, this is worth exploring! Beach properties with a guest house are rare on Edisto! ACT QUICKLY! Annual Projected Gross Rental Income is over $200, 000

Features

  • Amenities: Boat Ramp, Club Membership Available, Golf Membership Available, Marina, Pool, Trash
  • Bedrooms: 5
  • Baths: 4 full
  • Laundry: Laundry Room
  • Style: Traditional
  • Development: 27 - CLN - Edisto Beach
  • Year Built: 1950
  • Garage: 2-car
  • Heating: Ductless, Wall Unit(s)
  • Approx Sq. Feet: 1,592
  • Acreage: 0.35
  • Lot Desc: High
  • Water Front: Yes
  • Elem. School: Jane Edwards
  • Middle School: Out of Area
  • High School: Colleton
  • Pool: In Ground
  • MLS#: 25002715
  • Days on Market: 102 days
  • Website: https://www.raveis.com
    /eprop/25002715/1306palmettoboulevard_edistobeach_sc?source=qrflyer
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Listing courtesy of Carolina One Real Estate

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1306 Palmetto Boulevard, Edisto Beach, SC, 29438

$2,690,000

Customer Service

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 $2,152,000 $2,152,000 $2,152,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.625% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.911% 6.739% 6.686%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $13,250 $13,779 $18,746
Total Monthly Payment $13,375 $13,904 $18,871

* 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.