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Luxury Island Living on Folly Beach! Inspired by a Mediterranean lifestyle, this stunning new construction 5BD/4. 5BA home (2, 833 sq ft) was completed in 2023 and offers a private heated saltwater pool and layers of indoor & outdoor living spaces. Enjoy double front porches with sunset views, spacious lounge decks, a gourmet kitchen, and custom European Oak floors. Designed with coastal elegance, the home features custom baths, spray foam insulation, and ample parking. FULLY FURNISHED and move-in ready, this retreat is just steps from the beach and the heart of Folly Beach! Don't miss this rare opportunity to own a dream coastal getaway!Highlights of the home: -Spacious primary bedroom and a large luxurious primary bathroom with free-standing tub and stunning walk-in shower with amazing tile work and multiple shower heads -2nd primary bedroom with ensuite bathroom -Two downstairs bedrooms where one could easily be turned into a home office. -Home currently maintains a high speed internet connection -Heated saltwater pool with walls of Star Jasmine surrounding the pool along with an outdoor entertaining area -Elegantly appointed bedrooms for a restful night's sleep -Gourmet kitchen with high-end appliances, custom cabinets and waterfall quartz counters -Double front porches that welcome the evening sunset with a great 2nd floor porch sunset view over the Folly River -Comes fully furnished with meticulously appointed interiors, combining modern amenities with coastal charm -During construction, the builder framed out an elevator shaft for the home but an elevator was not installed. A new buyer could add an elevator at his/her leisure. -Lot is zoned Island Commercial (commercial zoning). Buyer would need to inquire with the City of Folly Beach for any additional uses on the currently unused strip of land that is part of the property. Let's walk you through the home floor-by-floor: Main Floor: Fully Equipped High End Kitchen, Dining Area for Twelve, Living room with Board Games & TV, Half Bath, Bedroom #1: King Bed, Jack & Jill Bathroom, Bedroom #2: Queen Bed Upper Floor: Bedroom #3: Two Bunk Beds with Four Twin Mattresses and TV & ensuite Bathroom, Bedroom #4: King Bed with TV & ensuite Bathroom, Bedroom #5: King Bed with TV & ensuite Bathroom, Spacious Front Porch with Seating & Rocking Chairs Ground Floor: Heated Saltwater Pool, Fenced Yard, Outdoor Shower, Shaded Outdoor Seating Area with Grilling area, Plenty of parking under the home This home was constructed with the highest level of finishes and is the perfect beach retreat. Lounge on the deck, take a dip in the sparkling pool, or stroll down to the beach for a refreshing swim in the ocean. An ideal location allows for an easy stroll to all the shops & restaurants of downtown Folly Beach as well. Embrace the epitome of coastal luxury with this stunning home, offering an unparalleled escape for those seeking tranquility, beauty, and the "beach-life. " Folly Beach offers a wealth of recreational activities for all. Spend your days surfing the waves, kayaking through the marshlands, or simply lounging on the beach with a good book. Explore the vibrant local dining scene, browse the shops and galleries along Center Street, or venture into nearby Charleston for a taste of history and culture.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,800,000 | $1,800,000 | $1,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.813% | 6.739% | 6.581% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,083 | $11,526 | $15,557 |
Total Monthly Payment | $11,208 | $11,651 | $15,682 |
* 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.