$1,450,000 | 3 beds | 3 full baths | N/A half baths | 1,305 sqft

$1,450,000 Reduced -$50,000
201 W Arctic Avenue UNIT #114
Folly Beach, SC 29439
  • 3Beds
  • 3Full Baths
  • N/AHalf Baths
  • 1,305SqFt
  • 1998Year Built
  • 0.00Acres
  • MLS# 22023583
  • Residential
  • Single Family Attached
  • Active


Overview

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.


Bathroom Info

Fullbaths:  3

Building Info

Floors:  Ceramic Tile

Year Built:  1,998

Foundation:  Elv. Construction

Exterior Features

Exterior:  Stucco

Misc Ext:  Fence - Metal Enclosed, Sea Wall, Balcony

Garage / Parking

Gar Pkg:  Off-Street Parking

Interior Features

Msc Intr:  Window Treatments - All, Ceiling - Blown, Walk-In Closets

Lot Info

Acres:  0.00

Lot Desc:  Beachfront, Ocean View

Misc

Auction:  No

Property Info

Stories:  1 Story

Amenity:  Cable TV, Elevators, Gated, Pool

Style Sfa:  Condo Regime, Condominium, Flat

Room Info

Mstr Br:  Ceiling Fan, Walk-In Closets

Rooms:  Living/Dining Combo

Ground Level:  No

Beds:  3

Sale / Lease Info

Lease Purchase:  No

New Ownd:  Pre-Owned

Special Features

Sqft Info

Sqft:  1,305

Tax Info

Tax Map:  3281400245

Unit Info

Unit Num:  114

Utilities / Hvac

Water Sewer:  Public Sewer, Public Water

Heat:  Electric, Heat Pump

Cooling:  Central Air

Schools

Elem:  James Island

Middle:  Camp Road

High:  James Island Charter

Courtesy of listing office Carolina One Real Estate Folly Beach  - 843-779-8660

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Price & Status History (on charlestonpierpartners.com since Thu, Sep 8th 2022)
  • Original Price: $1,495,000
  • Current Price: $1,450,000
  • Price Reduced: $45,000
Date ChangedFromTo
11/03/2022$1,500,000 $1,450,000 Reduced by $50,000
09/25/2022$1,495,000 $1,500,000 Increase by $5,000
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Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Carolina One Real Estate are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 11-28-2022 8:06 PM EST . 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. Copyright 2022 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2022 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 11-28-2022 8:06 PM EST est.

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843-779-8660