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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:
$2,650,000
List Date:
3/02/2021
Last Modified:
4/13/2023
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.
More Information MLS# 21004993
Location, Tax & Legal
Legal Description: LT 806 and 806 B. 2 lots with tms #s 328-16-00-016 and 328-16-00-226.
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.
General Property Info
Lot Size: 104x149
C/R: No
Ground Level: Yes
Stories: 2
HOA Fee: No
Ownership: Fee Simple
Lease Purchase: No
Potential Short Sale: No
Auction: No
Bedrooms: 7
Baths - Full: 5
Baths - Total: 5
Primary Structure Apx SqFt: 3596
Year Built: 1975
Acreage: 0.36
Tax/Fees
Special Assessment: No
Taxes: 18500
Regime Fee: No
Status Change Info
Sold Price/SqFt: 695.22
New Mortgage Type: Cash
Sold Date: 2021-04-02
SqFt Source
Tax Records: 1
Roof
Asphalt Shingle: 1
Lot Description
0 - .5 Acre: 1
Beachfront: 1
High: 1
SF Detached Style
Traditional: 1
Exterior
Vinyl Siding: 1
Foundation
Slab: 1
Garage/Parking
Off-Street Parking: 1
Misc Exterior
Balcony: 1
Deck: 1
Rain Gutters: 1
Stoop: 1
Stories/Levels
2 Stories: 1
Cooling
Window Unit(s): 1
Heat
Electric: 1
Rooms
Living/Dining Combo: 1
Assumable
No: 1
Proposed Financing
Cash: 1
Misc Interior
Ceiling - Smooth: 1
New Owned
Pre-Owned: 1
Possession
Tenants Rights: 1
Water/Sewer
Public Water: 1
Septic: 1
Contract Info
Sub-Type: Single Family Detached
MLS List Date: 2021-02-26
Status: Closed
List Price: $2,650,000
Current Price: $2,500,000
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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