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220 E Arctic Avenue, Folly Beach, SC, 29439 | $1,899,000
Nestled onto a fully fenced double (street to street) lot on the 2nd block of East Arctic, this quintessential beach home offers tons of parking, a 30' heated saltwater pool, paved poolside lounging area & ocean views from the screened porch & upper balcony! Walk less than a block to Bert's Market, Chico Feo, Taco Boy & food trucks, stroll less than 2 blocks to Pier 101, Rita's, Coconut Joe's, Catch 23 Rooftop Restaurant, Blu at the Tides Hotel, Roasted Coffee & many more shops & eateries! Public beach access is steps across from the house. A few blocks over you'll find the resident dog park & Pirate Cove Playground, gazebo, tennis/pickle ball/basketball courts. Since its purchase in 2018, it was a primary residence through 2023. During that time, the home was rented out under OSTR (72days or less) and yielded approximately $60, 000 in the peak season. The home now yields around $90, 000 annually on STR (full time rental). There is a waitlist for full STR (short term rental) licenses, however, the new owner would take over current peak rentals and would have the option to rent the home for 72 days or less if desired with an OSTR permit. Contact City of Folly Beach or Vacasa for specific inquiries. During ownership, the following have been updated (2018-2023): new subfloors on both levels, opened up wall between kitchen/living room, 1st floor carpet removed & hardwood floors throughout, 2nd floor new carpet, short glass sliders facing ocean replaced with full length, gutted kitchen & 1st floor baths, new roof, HVAC, tankless water heater, large enclosed under house storage, new 1st floor composite decking porches & new balcony, new siding, Bahama shutters outside, plantation shutters inside, fencing & horse gates, 30' heated saltwater pool, pool heater stand, new split unit & stand, popcorn ceilings removed, custom entry mud bench/seating area built-in, & the list goes on! House comes fully furnished, minus bedding that belongs to rental company & items in underneath enclosed storage.
Features
- Amenities: Dock Facilities, Dog Park, Marina, Park, Tennis Court(s), Walk/Jog Trails
- Bedrooms: 4
- Baths: 3 full
- Laundry: Washer Hookup, Laundry Room
- Style: Cottage, Traditional
- Development: 22 - Folly Beach to Battery Island
- Year Built: 1991
- Heating: Forced Air
- Cooling: Central Air
- Approx Sq. Feet: 1,951
- Acreage: 0.24
- Lot Desc: 0 - .5 Acre
- Elem. School: James Island
- Middle School: Camp Road
- High School: James Island Charter
- Pool: In Ground
- MLS#: 25012240
- Days on Market: 5 days
- Website: https://www.raveis.com
/eprop/25012240/220earcticavenue_follybeach_sc?source=qrflyer
Listing courtesy of RE/MAX Seaside
William Raveis Family of Services
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.
Customer Service
888.699.8876
Contact@raveis.com
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- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance
978-337-3053
Paul.Berrios@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
220 E Arctic Avenue, Folly Beach, SC, 29439
$1,899,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,519,200 | $1,519,200 | $1,519,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.625% | 6.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.861% | 6.727% | 6.560% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,231 | $9,728 | $13,130 |
| Total Monthly Payment | $9,356 | $9,853 | $13,255 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484