1328 Erckmann Drive, Mount Pleasant, SC, 29464 | $1,975,000

Rare . 46-Acre Build Opportunity in the Old Village/Old Mt. Pleasant Neighborhood. This expansive lot offers ready-to-build infrastructure, highly desirable location, and immediate income or on-site living potential while construction is underway. You can live comfortably in the existing 1-bedroom apartment (ADU) and enjoy your pool while your dream home is being built! Key Development Features: *. 46-Acre Lot - Spacious footprint ideal for a high-end custom home *Infrastructure in Place - New underground utilities & sewage line extended to the rear of the property *Not in a Flood Zone *Move-in ready ADU provides an immediate livable space or rental income (1-Bedroom Apartment, built in 2018, 660 sq. ft. ). *High-end finishes: granite countertops, stainless appliances, butcher blockisland *Brazilian Cherry wide-plank floors & plantation shutters. *Laundry room with additional storage. *Hardi Plank siding, IPE stairs, spray foam insulation. ADU includes 2 car-garage featuring ½ bath, work sink, cabinetry, epoxy flooring. *Mini-split heating & air for year-round use. Additional On-Site Structures: *Second Garage (24 x 26 ft. ) - Wood-frame structure for storage or workshop. *Pre-fab Carport (18 x 31 ft. ) Outdoor Features: *Saltwater pool with paver patio, privacy fence & in-ground irrigation. *Highly Marketable Location: Old Village/Old Mt. Pleasant -Walk, bike, or golf cart to Pitt Street Pharmacy, Shem Creek, Alhambra Hall, farmer's market, plus tennis and pickleball courts. Top-Rated Schools - Mt. Pleasant Academy & Moultrie Middle are located in the neighborhood. *Minutes from Downtown Charleston & Sullivan's Island. *Whether you're planning a spec home or a custom build for a client, this lot is ready for development with minimal prep work required. Secure your next project today!

Features

  • Zoning: Residential
  • Development: 42 - Mt Pleasant S of IOP Connector
  • Elem. School: Mt. Pleasant Academy
  • Middle School: Moultrie
  • High School: Lucy Beckham
  • MLS#: 25005743
  • Days on Market: 62 days
  • Website: https://www.raveis.com
    /prop/25005743/1328erckmanndrive_mountpleasant_sc?source=qrflyer
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Listing courtesy of The Cassina Group

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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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1328 Erckmann Drive, Mount Pleasant, SC, 29464

$1,975,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,580,000 $1,580,000 $1,580,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.625% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.861% 6.727% 6.560%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,600 $10,117 $13,655
Total Monthly Payment $9,725 $10,242 $13,780

* 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.