2502 Waterway Blvd Isle of Palms, SC 29451
3
Beds
2
Baths
1,323
Sq Ft
0.27
Acres
Highlights
- Marina
- Boat Ramp
- In Ground Pool
- Sullivans Island Elementary School Rated A
- Fitness Center
- Deck
About This Home
As of November 2024This Beach Cottage was featured on HGTV & is being sold FULLY FURNISHED! This beautifully renovated 3-bedroom, 2-bathroom home is a true coastal gem, offering both luxurious living and high investment potential. This 1,323 sq. ft. home was fully renovated in 2017 and updated again in 2024, blending modern design with timeless charm. The open floor plan, vaulted ceilings, and engineered hardwood floors throughout create a grand and inviting space. The living room is adorned with shiplap walls, maintaining the coastal vibe, + gas log fireplace while the chef's kitchen shines with a 48'' gas range, stainless steel appliances, and tons of cabinetry & counterspace. There is also a wet bar with wine fridge and glass front accent cabinets. Right off the kitchen is a huge screened in porch......vaulted ceiling, and tile bar entertainment area with beverage refrigerators. Off of the screen porch is another deck perfect for entertaining. You'll love the low-maintenance composite decking, a heated saltwater pool, a putting green, and a separately fenced in play area. The turf yard adds to the home's low-maintenance appeal.
Back inside, the primary suite is off the back of the home and has it's own private balcony overlooking the pool. Freshly painted & with new closet shelving (for all bedrooms), this home truly is move-in ready!
Located just across the street from the Intracoastal Waterway and just two blocks from the beach, this home offers access to one of the island's two beach access points with dedicated golf cart parking. The Isle of Palms Rec Center is only two blocks away, offering basketball, tennis, pickleball, baseball diamonds, and more, along with year-round community events. Walk, bike, or take a quick golf cart ride to the beach, marina, rec center, grocery store, and local dining.
With no HOA, the option to join Wild Dunes, and proximity to award-winning Charleston County schools, including the BEACHFRONT Sullivan's Island Elementary, this home is perfect for primary residents and vacationers alike. Less than 30 minutes from historic downtown Charleston, this turnkey property is also an investor's dream, offering projected rental income of over $150k/year with one of the highest cap rates on the island.
This beach cottage combines low-maintenance luxury living with incredible rental potentialdon't miss your chance to own a piece of paradise!
Last Agent to Sell the Property
McConnell Real Estate Partners License #76802 Listed on: 09/09/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,872
Year Built
- Built in 1976
Lot Details
- 0.27 Acre Lot
- Wood Fence
Parking
- Off-Street Parking
Home Design
- Traditional Architecture
- Cottage
- Raised Foundation
- Metal Roof
- Cement Siding
Interior Spaces
- 1,323 Sq Ft Home
- 2-Story Property
- Smooth Ceilings
- Cathedral Ceiling
- Ceiling Fan
- Gas Log Fireplace
- Entrance Foyer
- Family Room with Fireplace
- Loft
- Exterior Basement Entry
- Stacked Washer and Dryer
Kitchen
- Dishwasher
- Kitchen Island
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- In Ground Pool
- Balcony
- Deck
- Screened Patio
- Separate Outdoor Workshop
- Front Porch
Schools
- Sullivans Island Elementary School
- Moultrie Middle School
- Wando High School
Utilities
- Central Air
- Heat Pump System
- Tankless Water Heater
Community Details
Overview
- Club Membership Available
- Isle Of Palms Subdivision
Recreation
- Boat Ramp
- Marina
- Tennis Courts
- Fitness Center
- Park
- Dog Park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 9, 2024
Closed on
Nov 19, 2024
Sold by
Dodge Nc Llc
Bought by
Hill Bradley and Hill Bradley T
Seller's Agent
Jen McConnell
McConnell Real Estate Partners
Buyer's Agent
Amy Rogers
Crown Coast Properties
List Price
$1,800,000
Sold Price
$1,770,000
Premium/Discount to List
-$30,000
-1.67%
Views
39
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,414
Avg. Annual Appreciation
2.98%
Original Mortgage
$1,327,500
Outstanding Balance
$1,321,916
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$479,498
Purchase Details
Listed on
Jan 19, 2024
Closed on
Mar 11, 2024
Sold by
Thiel Wendy Christine
Bought by
Dodge Nc Llc
Seller's Agent
Kim Panitt
SC Views LLC
Buyer's Agent
Jen McConnell
McConnell Real Estate Partners
List Price
$1,730,000
Sold Price
$1,650,000
Premium/Discount to List
-$80,000
-4.62%
Views
14
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.55%
Purchase Details
Listed on
Dec 8, 2016
Closed on
Mar 6, 2017
Sold by
Sullivan Roscoe J
Bought by
Thiel Wendy Christine
Seller's Agent
Jace Boozer
Beach Residential
Buyer's Agent
Kim Panitt
SC Views LLC
List Price
$459,000
Sold Price
$427,000
Premium/Discount to List
-$32,000
-6.97%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.20%
Original Mortgage
$384,300
Interest Rate
4.19%
Mortgage Type
New Conventional
Similar Homes in Isle of Palms, SC
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,770,000 | None Listed On Document | |
| Warranty Deed | $1,650,000 | None Listed On Document | |
| Deed | $427,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,327,500 | New Conventional | |
| Previous Owner | $40,000 | New Conventional | |
| Previous Owner | $499,250 | New Conventional | |
| Previous Owner | $498,600 | New Conventional | |
| Previous Owner | $498,000 | New Conventional | |
| Previous Owner | $436,000 | Construction | |
| Previous Owner | $384,300 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/25/2024 11/25/24 | Sold | $1,770,000 | -1.7% | $1,338 / Sq Ft |
| 09/12/2024 09/12/24 | For Sale | $1,800,000 | +9.1% | $1,361 / Sq Ft |
| 03/15/2024 03/15/24 | Sold | $1,650,000 | -4.6% | $1,247 / Sq Ft |
| 01/19/2024 01/19/24 | For Sale | $1,730,000 | +305.2% | $1,308 / Sq Ft |
| 03/06/2017 03/06/17 | Sold | $427,000 | -7.0% | $323 / Sq Ft |
| 01/04/2017 01/04/17 | Pending | -- | -- | -- |
| 12/08/2016 12/08/16 | For Sale | $459,000 | -- | $347 / Sq Ft |
Source: CHS Regional MLS
Tax History Compared to Growth
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 | $1,872 | $22,280 | $0 | $0 |
| 2022 | $1,672 | $20,240 | $0 | $0 |
| 2021 | $1,788 | $20,240 | $0 | $0 |
| 2020 | $1,854 | $20,240 | $0 | $0 |
| 2019 | $1,667 | $17,600 | $0 | $0 |
| 2017 | $1,588 | $26,040 | $0 | $0 |
| 2016 | $5,428 | $26,040 | $0 | $0 |
| 2015 | $5,166 | $26,040 | $0 | $0 |
| 2014 | $5,051 | $0 | $0 | $0 |
| 2011 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jen McConnell
Seller's Agent in 2024
Jen McConnell
McConnell Real Estate Partners
(843) 300-7585
6 in this area
125 Total Sales
-
Kim Panitt
K
Seller's Agent in 2024
Kim Panitt
SC Views LLC
1 in this area
46 Total Sales
-
Hilary Rieck
H
Seller Co-Listing Agent in 2024
Hilary Rieck
Elaine Brabham and Associates
(843) 343-9807
1 in this area
44 Total Sales
-
Amy Rogers
Buyer's Agent in 2024
Amy Rogers
Crown Coast Properties
(843) 824-4892
99 in this area
135 Total Sales
-
Jace Boozer
Seller's Agent in 2017
Jace Boozer
Beach Residential
(843) 343-5000
2 in this area
33 Total Sales
Map
Source: CHS Regional MLS
MLS Number: 24023204
APN: 571-05-00-076
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