Isle Of Palms, SC 29451
- 1Beds
- 1Full Baths
- N/AHalf Baths
- 296SqFt
- 2000Year Built
- 0.00Acres
- MLS# 24000860
- Residential
- Single Family Attached
- Active
- Approx Time on Market3 months, 15 days
- AreaIsle of Palms
- CountyCharleston
- SubdivisionNone
Overview
Opportunity to buy into ownership at the beautiful Palms Hotel, one of only two ocean front hotels front beach area Isle of Palms. This is offering for a hotel room as part of Palms hotel. Owner must participate in hotel management agreement. Offering at list is over a 7.25 % NOI. This is NOT an opportunity to move into the property. This is buying a room in a fully operational ocean front hotel. Owners have limited use, up to 28 days total annually. 3 month hoa fee contribution due at closing from buyer as working capital contribution. Hotel room offered here is an interior unit NOT ocean front or view. Opportunity to affordably own a piece of isle of palms, collect income from hotel operations, after expenses. Pictures are of hotel property, and room. Viewings are limited.Hotel Rooms are not eligible for most traditional forms of financing. Most all sales on this product are in cash.
Agriculture / Farm
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Association Fees / Info
Bathroom Info
Fullbaths: 1
Building Info
Levels: 3 Stories
Year Built: 2000
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: Yes
Pool Features: Pool - Elevated
Garage / Parking
Gar Pkg: Other (Use Remarks)
Garage: No
Attached Garage: No
Green / Env Info
Interior Features
Fireplace: No
Lot Info
Lot Size Units: Acres
Acres: 0.00
Irrigation Water Rights: Yes
Offer Compensation
Other
Mobile Home Remains: Yes
Property Info
Property Type: A
Stories: 3
Foundation: Raised
New Construction: No
Property Subtype: None
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Condo Regime, Condominium
Room Info
Beds: 1
Sale / Lease Info
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Special Features
Sqft Info
Sqft: 296
Unit Info
Utilities / Hvac
Water Source: Public
Utilities: Dominion Energy, IOP W/S Comm
Heating: Yes
Heat: Electric
Water Sewer: Public Sewer
Cooling: Central Air
Cooling: Yes
Waterfront / Water
Water Front Features: Beach Access, Beach Front
Waterfront: Yes
Directions
Front Beach Isle Of Palms Just To Left Of Coconut JoesCourtesy of listing office The Peninsula Company, LLC - 843.412.2221
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 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 04-27-2024 12:00 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.
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