3400 Palm

$1,512,000
MLS#:
18015254
Address:
3400 Palm
Isle of Palms, SC 29451
Price:
$1,512,000
 
 
Bedrooms:
11
Baths:
11 / 1
Approx. SqFt:
6,952


Photos (click to enlarge):


Tour:

Click for Virtual Tour


Property Information:


Area:
44 - Isle of Palms
Acres:
1.26
Subdivision:
None
Middle School:
Laing
High School:
Wando
Parking:
5 Car Carport
Status:
Active
Stories:
3 Stories
Year Built:
2005
Fireplace:
Gas Logs,Gas Connection,Great Room,One
Roof:
Asphalt Shingle
Foundation:
Piling
Floors:
Ceramic Tile,Wall to Wall Carpet,Wood
Cooling:
Central
Heat:
Electric

Description:


Lot Desc:
Beach Access,Beachfront,Ocean View,1 - 2 Acres
Exterior:
Cement Plank
Master BR:
Ceiling Fan,Dual Masters,Garden Tub/Shower,Outside Access,Upstairs,Walk-In Closets
Misc. Ext.:
Deck,Fence - Metal Enclosed,Gazebo,Gutters,Handicapped Equipped,Lawn Irrigation,Pool - In Ground,Porch - Screened,Some Thermal Wnd/Doors,Special Yard Lights,Porch - Wrap-Around,Porch - Front Porch
Amenities:
Boat Storage,Cable TV Available,Club Membership Available,Elevators,Extra Storage,Golf,Golf Membership Available,Handicapped Equipped,Hot Tubs,Laundry Facility,Marina,Play Park,Trash Pickup,Walk/Jog Trails
Green Features:
Tankless Water Heater
Remarks:
Seeking 4 fortunate investors who will collectively own and cherish this incomparable estate home, with 11 bedrooms, 11.5 baths, 7,000 sq feet and unobstructed ocean views. 100% managed, with zero ownership hassles. Welcome to ''Port of Call.'' Sleeping up to 36 guests, you will have plenty of room to entertain family and friends alike. Additional home features: 1500 sq. ft. of outdoor decks, elevator, heated in-ground sportsman pool, chipping and putting green, private boardwalk to the beach with gazebo, outside wet bar with fridge and stainless steel insulat ...insulated ice bin, fire pit. Inside your chef will enjoy the gourmet kitchen(totally renovated in 2015-2016) with stainless steel Thermador appliances, 48" gas range double stove, side by side fridge, wet bar with ice maker. Throughout the home are 7" wide plank hardwood floors and custom staircase(both new in 2018) 8 King Master Suites, 3 Bunk Rooms. First floor: 6 bedrooms tucked away from the main living areas. 4 King Suites with porch access, and 2 Bunk Rooms. Second Floor: 4 King Suites, 3 with porch access, 1 Bunk Room alone with a large media and entertainment room. All bedrooms have private en-suite bathrooms. An LLC has been formed to acquire this home and only 4 LLC memberships are being offered, priced at $1,530,000/share. NO ANNUAL COSTS!! Each investor will enjoy 4 weeks of use per year with zero out of pocket costs, and the manager will rent the remaining weeks to offset annual fees. Past rental income is $580,000 per year. If purchaser desires income in lieu of the four vacation weeks, based on the last three years of rental history, these four weeks have averaged a net rental income after management fees in excess of $60,000 annually.

Map of Property


 
   

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