201 W Arctic Ave

Folly Beach, SC 29439 View Map $1,450,000 Schedule a Tour
Beds3
Baths3
Sq.Ft.1,305
Year1998
Southern Bell Living

Southern Bell Living

(843) 287-9888

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Status: Active
Property Type:Single Family Attached
MLS #:22023583
Sq. Feet:1,305
On Site:83 Days
County:Charleston
Is this the one you've been waiting for? Excellent opportunity to acquire a Charleston Oceanfront Villas condo with impressive vacation rental income. Located near the center of the building on the first floor, it has amazing views from the kitchen, dining, primary bedroom, and living room. Both the primary bedroom and the living room have sliding doors that leads to the exterior covered balcony. Tile flooring throughout. The community has 2 lavish oceanside pools. This property is currently on a vacation rental program and is being sold fully furnished. The rental income (about $110,000.00 gross rental bookings so far in 2022) is exceptional and projected to be even better in 2023. The community has covered and open parking as well as 2 elevators. Check out the massive, reinforced seawall running the full length of the building. The flood zone for this community is "A"! Very low flood insurance!!! Best oceanfront community: Building is concrete & steel construction, massive seawall with 100 concrete pilings between the building and the beach, 2 large pools, gated & fenced, and short distance to Folly Beach Center Street. A moratorium for short term rental (STR) licenses is in place on Folly Beach but buyers are able to get STR licenses for homes that have an existing STR license (like this condo). Ask your agent about the petition restricting STR licenses and learn why buying this home may be your best chance to buy a Folly Beach home that you can legally rent short term.

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$000 Monthly Payment
Loan and interest only.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
9/25/2022$1,495,000$1,500,0000.3%
11/3/2022$1,500,000$1,450,000-3.3%

Community Information

Address:201 W Arctic Ave Folly Beach, SC 29439
County:Charleston
Zip Code:29439

School Information

Middle School:Camp Road
Elementary School:James Island

Architecture

Bedrooms: 3
Bathrooms: 3
Year Built:1998
Stories:1
Style:Condo Regime, Condominium, Flat
Construction Status: Pre-Owned
Exterior: Stucco
Foundation: Elv. Construction
Garage/Parking: Off-Street Parking

Features / Amenities

Interior Features: Window Treatments - All, Ceiling - Blown, Walk-In Closets
Master Bedroom: Ceiling Fan, Walk-In Closets
Floors: Ceramic Tile
Rooms: Living/Dining Combo
Exterior Features: Fence - Metal Enclosed, Sea Wall, Balcony
Amenities: Cable TV, Elevators, Gated, Pool
Cooling: Central Air
Heating: Electric, Heat Pump

Property Features

Lot Description: Beachfront, Ocean View
Water / Sewer: Public Sewer, Public Water

Schools

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201 W Arctic Ave Folly Beach, SC 29439
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201 W Arctic Ave Folly Beach, SC 29439
 
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Listing Information Last Updated 11/29/2022
Listing provided courtesy of Carolina One Real Estate Folly Beach (843-779-8660).
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than Southern Bell Living are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.