$1,049,740 Active - Contingent

Description of 315 W Indian Avenue, Folly Beach, SC 29439

** JUST LISTED ** TRULY ONE OF A KIND OPPORTUNITY IN A MARKET WHERE INVENTORY IS AT HISTORIC LOWS, PRICES ARE CONTINUING TO RISE & THIS LISTING IS BEING OFFERED WELL BELOW THE AVERAGE PRICE PER SQ. FOOT ON FOLLY BEACH. THE BOTTOM LINE IS IF YOU'RE A BEACH BUYER THEN PAY ATTENTION CLOSELY.... ** Say hello to 315 W. Indian Avenue, a (8) bedroom, (8.5) bath home that has 6066 square feet and quite possibly is the largest home on Folly Beach. Making this even more rare of an opportunity is that with the laws currently in place, you will not see one built this big again. Considered a newer property in the vacation rental program, it has already brought in about $107,000.00 in bookings for 2018! That's incredibly strong and almost a 10% GROSS ROI in Rental Income and it's only been in the Rental Program for about a year! For those of you who are not quite sold yet, then let's discuss it's awesome location. Found on Folly Beach and just a few blocks from Center Street, the HUB of Folly, you can easily access all the various restaurants, shops, pier and nightlife that the Beach has to offer! Making the location even more appealing is approximately 325 yards away from the Sandy Beaches along the Atlantic Ocean! Last but not least, you are about 15 minute drive to the Historic Downtown Charleston Peninsula making it one of the most ideal Beaches in the Lowcountry. Boasting a kitchen on each of the 3 stories, this is the ultimate Beach House! The first floor allows plenty of natural light and is equipped with a large kitchen that opens into the great room that features a gas fireplace and an entertainment friendly floor-plan. Also found on this floor are large bedrooms including the Master Bedroom that has tray ceilings, jacuzzi tub w/separate standup shower and double vanity in the bath. The second floor also features a full kitchen and open living area. The third story is hosts a bedroom, sunroom and third kitchen. The bottom line is that you will not find another property like this one nor will you currently be able to build one. In it's first year its proven to be a rental juggernaut and you will not find many opportunities for such an amazing return on your investment! We are looking at almost 10% in its first full year (gross ROI). In addition to that, we are priced so significantly below the average price per square foot for Folly Beach that this property could be a fantastic investment on ALL FRONTS! If you have been dreaming of a Beach Home that is truly one of a kind, this is it!*** AGENTS MUST READ NOTES *** Buyer to confirm accuracy of all information provided.

Property Features of 315 W Indian Avenue, Folly Beach, SC 29439

HOME STYLE
Traditional
TYPE
Single Family Detached
Year Built
2006
Subdivision
Sunset Point
Community
Folly Beach to Battery Island
Stories
3
Acres
.24
Features
Elementary school: James Island
Middle school: James Island
High school: James Island Charter
Gas log fireplace(s)
Fireplace in living room
Central air
Electric heat
Attached parking
Porch
Cement plank exterior
Lot acreage is: 0.24
Level lot
Subdivision: Sunset Point
Cable television available
Ceramic tile flooring
Eat-in kitchen
Marble floors
Wood floors
Laminate flooring
Kitchen island
Living and dining room combo
Separate dining room
Walk-in closet(s)
Elevator(s)
Rooms & Dimensions
Family Room
Foyer
In-law quarters
Laundry room
Loft
Great Room
Study/Office
Office
Utility room
Courtesy of: Fred Holland Realty

Community View of 315 W Indian Avenue, Folly Beach, SC 29439

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