No better time to have a high income producing rental home on the Isle of Palms than now! This large 4000+ sqft home is situated across the street from the Atlantic Ocean and generates approximately $250,000 in gross rental income annually. 2307 Palm sits on a high corner lot recently rezoned and no longer requires flood insurance. Recently updated, 2307 Palm comes equipped with 9 bedrooms, 6.5 bathrooms, a laundry room, gourmet kitchen that opens to an oversized den and a dining room for 20 plus people. Multiple porches host dining areas as well as sitting areas perfect for your guests to enjoy the ocean breeze.There is a 4 stop elevator in the home taking you to every level. The back yard has recently been expanded, turfed, and with the addition of a pool heater, is an outdoor oasis year round. This home has a proven history of rental success.
Listing Date: 05-18-2021
Sold Date: 08-06-2021
Aprox Days on Market: 
2 month(s), 18 day(s)
Listing Sold: 
2 Year(s), 8 month(s), 20 day(s) ago
Original Asking Price: $2,825,000
Asking Price: $2,825,000
Selling Price: $2,775,000
Price Difference From Original:
Reduced By $50,000
Price Difference From Asking:
Reduced By $50,000
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Community Features: Dock Facilities, Elevators, Golf Membership Available, Marina
Halfbaths: 1
Fullbaths: 6
Levels: 3 Stories
Window Features: Some Storm Wnd/Doors, Window Treatments - Some
Year Built: 1999
Floors: Ceramic Tile, Other
Rent Control: No
Fencing: Fence - Wooden Enclosed
Misc Ext: Deck, Front Porch, Porch - Full Front
Exterior Features: Lawn Irrigation, Lighting
Pool Private: Yes
Pool Features: In Ground
Style: Traditional
Gar Pkg: 2 Car Garage
Garage: Yes
Attached Garage: No
Accessibility Features: Handicapped Equipped
Door Features: Some Storm Door(s)
Desclocation: Family Room, One
Interior Features: Ceiling - Smooth, High Ceilings, Elevator, Garden Tub/Shower, Kitchen Island, Walk-In Closet(s), Ceiling Fan(s), Family, Living/Dining Combo
Fireplace: Yes
Laundry Features: Laundry Room
Num Fireplaces: 1
Lot Size: 0.25
Lot Desc: 0 - .5 Acre, High
Lot Size Units: Acres
Acres: 0.25
Lot Sqft: 10890
Irrigation Water Rights: Yes
Mobile Home Remains: Yes
Property Type: A
Stories: 3
Foundation: Raised
New Construction: No
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Beds: 9
Primary Bedroom Features: Ceiling Fan(s)
Room Master Bedroom Level: Upper
Sold Date: 2021-08-06T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft: 4186
Water Source: Public
Utilities: Dominion Energy, IOP W/S Comm
Heating: Yes
Heat: Electric
Water Sewer: Septic Tank
Cooling: Yes
Water Front Features: Beach Access
Waterfront: No
Courtesy of listing office Dunes Properties of Chas Inc