NOT LISTED FOR SALE

2 Driftwood Ln Isle of Palms, SC 29451

Estimated Value: $3,299,000 - $4,650,000

5 Beds
5 Baths
3,797 Sq Ft
$1,085/Sq Ft Est. Value

Last Sold November 18, 2023

Last sale price $3,825,000 $1,007 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $27,406/month

106 Days on Market

Highlights

  • New Construction
  • In Ground Pool
  • Deck
  • Sullivans Island Elementary School Rated A
  • Craftsman Architecture
  • Cathedral Ceiling

About This Home

As of November 2023

Introducing a truly exceptional New Construction Home with plenty of off-street parking just a few blocks from the beach. Imagine unwinding by sinking your tired feet into the soft sands after a long day's work, just a short walk from your home or taking a Golf Cart Ride from your house to the vibrant Isle of Palms Recreation Center, where you'll have easy access to an array of exciting amenities. This IOP Recreation Center now features brand-new pickleball and basketball courts, tennis courts, baseball fields, and much more, guaranteeing endless opportunities for active recreation while you are enjoying your coastal lifestyle. Your New Custom Home at 2 Driftwood Lane will have a Total of 5 Bedrooms, a Two-Car Garage that can actually hold more vehicles if needed, an In-ground Gunite PoolThis Exterior Siding is a Board and Batten cement plank exterior, a full Main Floor Front porch, and a Rear Covered Porch with an additional Patio below close to the in-ground Pool. From the Front Door, there are upgrades & designer features throughout, which will enhance this new home's gorgeous custom appeal. The grand foyer consists of double Mahogany Front doors, Cove Molding, Designer Package Lighting, and trim Paneling leading into the separate dining room. The Guest bedroom and Full Bathroom on the Main Level are a great escape for your Guest, Family, or Friends. The Great Room is Open to the Gourmet Kitchen. The Kitchen will feature brand-new High-end Stainless Steel Appliances, an oversized Island, and an eat-in breakfast area.

Ascend to the second level, where the owner's suite awaits, an epitome of luxury fit for royalty. Bathed in natural light, this spacious sanctuary features a sizable owner's suite bathroom with a zero-entry shower and an indulgent stand-alone tub, offering a sanctuary for relaxation and rejuvenation. The Owner's Suite also has access to a Private Balcony that overlooks the pool. The owner's suite closet is a sight to behold, boasting custom wood built-ins capable of housing a Hollywood movie star's wardrobe.

These included features are designed to elevate your living experience. With spray foam insulation for superior energy efficiency, hardwood floors throughout, exquisite tile in the bathrooms, a 3-stop Elevator providing convenient access to each level, a designer trim package, and a thoughtfully landscaped outdoor space, no detail has been spared.

This exceptional home is located on a Large Corner Lot with only 12 homesites on the street ending in a cul-de-sac.. Don't miss out on the opportunity to own this home with an extraordinary coastal lifestyle.

Last Agent to Sell the Property

Chris Eller

The Cassina Group License #46054 Listed on: 06/21/2023

Last Buyer's Agent

Legrand Elebash

William Means Real Estate, LLC License #41630

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $52,458

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 0.32 Acre Lot
  • Irrigation

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Craftsman Architecture
  • Traditional Architecture
  • Slab Foundation
  • Metal Roof
  • Cement Siding

Interior Spaces

  • 3,797 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Smooth Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • ENERGY STAR Qualified Windows
  • Entrance Foyer
  • Family Room with Fireplace
  • Formal Dining Room
  • Wood Flooring
  • Exterior Basement Entry
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 5 Full Bathrooms

Accessible Home Design

  • Adaptable For Elevator

Outdoor Features

  • In Ground Pool
  • Balcony
  • Deck
  • Patio

Schools

  • Sullivans Island Elementary School
  • Laing Middle School
  • Wando High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System

Community Details

  • Isle Of Palms Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property

Home Details

Home Type

Single Family

Est. Annual Taxes

$52,458

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Craftsman, Traditional
  • Year Built: 2023
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.32
  • Subdivision Name: Isle of Palms
  • Directions: Iop Connector To Palm Blvd. Left On Palm To 21st Ave And Left On 21st. Follow 21st To Waterway Blvd. Right On Waterway And Driftwood Will Be On Your Left. First Lot On The Right - Corner Lot.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: 3 Stories
  • New Construction: Yes
  • Property Attached Yn: No
  • Building Stories: 3
  • Special Features: 4098
  • Stories: 3

Interior Features

  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, Gas Log, One, Other (Use Remarks)
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Ceiling - Cathedral/Vaulted, Ceiling - Smooth, High Ceilings, Elevator, Kitchen Island, Walk-In Closet(s), Ceiling Fan(s), Eat-in Kitchen, Family, Entrance Foyer, Other (Use Remarks), Pantry, Separate Dining
  • Window Features: ENERGY STAR Qualified Windows
  • Master Bedroom Features: Ceiling Fan(s), Outside Access, Walk-In Closet(s)
  • Master Bedroom Master Bedroom Level: Upper

Exterior Features

  • Roof: Metal, See Remarks
  • Pool Features: In Ground
  • Pool Private: Yes
  • Home Warranty: Yes
  • Construction Type: Cement Plank, See Remarks
  • Exterior Features: Balcony, Elevator Shaft, Lawn Irrigation
  • Foundation Details: Slab
  • Other Structures: None
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Car Garage, Attached, Garage Door Opener
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Laundry Features: Laundry Room
  • Cooling Y N: Yes
  • Heating: Forced Air, Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Dominion Energy, IOP W/S Comm
  • Water Source: Public

Schools

  • Elementary School: Sullivans Island
  • High School: Wando
  • Middle Or Junior School: Laing

Lot Info

  • Lot Size Sq Ft: 13939.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5710500171

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2021
Closed on
Dec 15, 2021
Sold by
Kendrick Steven B
Bought by
Galloway Family Homes Llc
Seller's Agent
Chris Hulsey
Brand Name Real Estate
Buyer's Agent
Chris Eller
The Cassina Group
List Price
$875,000
Sold Price
$875,000
Total Days on Market
106
Current Estimated Value
$4,119,073

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,244,073
Avg. Annual Appreciation
56.07%
Original Mortgage
$1,600,000
Interest Rate
3.12%
Mortgage Type
Construction

Purchase Details

Listed on
May 28, 2019
Closed on
Nov 18, 2020
Sold by
Pessagno Charles A and Pessagno Diana C
Bought by
Kendrick Steven B
Buyer's Agent
Chris Hulsey
Brand Name Real Estate
List Price
$550,000
Sold Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
55.61%
Original Mortgage
$412,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2008
Sold by
Pessagno Charles A and Pessagno Diana C
Bought by
Pessagno Charles A and Pessagno Diana C

Purchase Details

Closed on
Jun 25, 2003
Sold by
Petersen Arlin G and Petersen Keather O
Bought by
Tumbleston Contracting Inc

Purchase Details

Closed on
Dec 6, 1999
Sold by
Rhodes Samuel W
Bought by
Petersen Arlin G and Petersen Keather O
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Galloway Family Homes Llc $875,000 None Listed On Document
Kendrick Steven B $550,000 None Available
Pessagno Charles A -- --
Tumbleston Contracting Inc $270,000 --
Petersen Arlin G $230,000 --
Petersen Arlin G $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galloway Family Homes Llc $2,010,000
Closed Galloway Family Homes Llc $1,600,000
Previous Owner Kendrick Steven B $412,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2023 11/18/23 Sold $3,825,000 -1.8% $1,007 / Sq Ft
06/21/2023 06/21/23 For Sale $3,895,000 +345.1% $1,026 / Sq Ft
12/17/2021 12/17/21 Sold $875,000 0.0% --
11/17/2021 11/17/21 Pending -- -- --
10/25/2021 10/25/21 For Sale $875,000 +59.1% --
11/30/2020 11/30/20 Sold $550,000 0.0% --
10/31/2020 10/31/20 Pending -- -- --
05/28/2019 05/28/19 For Sale $550,000 -- --
Source: CHS Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $52,458 $52,500 $0 $0
2022 $11,327 $52,500 $0 $0
2021 $7,052 $33,000 $0 $0
2020 $4,016 $18,980 $0 $0
2019 $3,680 $16,500 $0 $0
2017 $3,512 $16,500 $0 $0
2016 $3,370 $16,500 $0 $0
2015 $3,206 $16,500 $0 $0
2014 $3,945 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: CHS Regional MLS

MLS Number: 23014087

CHS Regional MLS

APN: 571-05-00-171