NOT LISTED FOR SALE

32 Morgan Place Dr Isle of Palms, SC 29451

Estimated Value: $2,936,000 - $3,722,300

4 Beds
7 Baths
3,852 Sq Ft
$881/Sq Ft Est. Value

Last Sold February 16, 2024

Last sale price $3,555,000 $923 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $19,656/month

38 Days on Market

Highlights

  • Boat Dock
  • Golf Course Community
  • Home Theater
  • Sullivans Island Elementary School Rated A
  • River Access
  • Gated Community

About This Home

As of February 2024

Welcome to 32 Morgan Place Drive - a boater paradise and incredible family home for entertaining and living the good life with private, deep water floating docks that can accommodate two 40'+ boats right outside your back door! Within the resort community of Wild Dunes, and behind the gates of Morgan Place, this stunning, fully renovated home is a rare waterfront gem. With an open floor plan, the main living level has a large family room with fireplace and built-in bookshelves, fantastic chef kitchen with quartzite countertops, custom backsplash, Thermador appliances, plus wine fridge, icemaker, and two additional beverage drawers. A dining area is adjacent to the kitchen and leads out to a spacious porch off the living and dining area, perfect for coffee or cocktails and watching theboat go by. Enjoy beautiful sunset dinners overlooking Morgan Creek off the back porch or back patio area. There is a gracious entry foyer, as well as a powder bathroom on the main living level. A guest bedroom with custom closets and lovely en suite full bathroom are also on this floor. An elevator services the ground floor, main living & kitchen floor, plus all the bedrooms on the second floor.
On the second floor, the stunning primary bedroom overlooks Morgan Creek with a generous private deck where you can admire your boats and watch the sunset. The luxurious spa-like primary bath features dual vanities with abundant storage, large shower with rainhead showerhead, and soaking tub overlooking the creek and the beautiful oak tree. A spacious walk-in custom closet completes the primary suite.
Two additional bedrooms, each with beautiful en suite bathrooms, are on the second floor. The laundry room is on the bedroom level.
The third floor has a true cinema room with Sony projector and screen, home cinema recliners, a full bathroom and a kitchenette. There is also a rooftop deck off the media room, with sectional sofa and firepit, the perfect perch to watch the spectacular sunsets over Morgan Creek and the ICW.
Indoor/outdoor entertaining flows seamlessly with large porch off the living room and dining area, which overlooks the grand oak tree and freshly landscaped backyard. There is also a private deck off the master bedroom, and the rooftop deck off the third floor cinema room The ground floor has sliding glass doors which open onto a covered loggia with grill, outdoor and bar seating, al fresco dining table, and large firepit with plenty of Adirondack chairs for drinking, roasting marshmallows, and enjoying the kayakers and boaters go down the creek. The garage has tandem parking for 2+ cars, plus an entertainment area with that opens onto the loggia.

The dock was recently redone and has water, electricity, and lighting. The dock features two private boat slips, each can fit up to a 45' boat. There is 5-6' of water at the dock at low tide, so you can get in and out anytime. Sea Pen and jet dock convey. Morgan Creek is boater heaven, as it is protected from the traffic of the ICW, yet just a two minute ride out of the creek to IOP marina and ICW. Spend your evenings/weekends exploring and fishing in the many creeks accessible via boat, kayak or paddleboard. Morgan Place also has a neighborhood pool just a few doors down.

This exceptional home was taken down to the studs and completely renovated in 2012 by dream team Steve Herlong architect and Naramore Construction. With Marvin hurricane rated/impact resistant windows and doors, a sprinkler system, elevator servicing three floors, seven new Samsung and LG Gallery series televisions in addition to the cinema room projector and Sony giant screen, Sonos sound system, garage for 2+ cars and game room, metal roof, and travertine floors, this home exudes high-quality construction and high-end finishes. No detail was overlooked in the renovation, and it has been meticulously maintained.

PRICE INCLUDES ALL FURNITURE & 2 NEW JET SKIS! MOVE RIGHT IN! This professionally designed and decorated home is offered furnished. All furniture, including indoor and outdoor furniture, fire pits, lighting, electronic equipment/televisions, window treatments, and appliances will convey with acceptable offer. Accessories, art, and personal belongings do not convey. Ask listing agent for details. Floor plans under Documents. This home has never been used as a vacation rental. No rental restrictions!

Wild Dunes Club Membership is available for separate purchase. Wild Dunes has golf, tennis, beach access, pools, restaurants, and other wonderful amenities. There is a private neighborhood pool for Morgan Place residents a block from this house. The best of IOP, including new restaurant Islander 71, are just a short bike ride, golf cart, or boat ride away!

Last Agent to Sell the Property

Leslie Turner

Maison Real Estate License #82983 Listed on: 01/09/2024

Last Buyer's Agent

Cara Schaafsma

Carolina One Real Estate License #84058

Carolina One Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,398

Year Built

  • Built in 1992

Lot Details

  • 5,663 Sq Ft Lot
  • Waterfront
  • Cul-De-Sac
  • Partially Fenced Property
  • Privacy Fence
  • Irrigation

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Traditional Architecture
  • Raised Foundation
  • Metal Roof
  • Cement Siding

Interior Spaces

  • 3,852 Sq Ft Home
  • 4-Story Property
  • Wet Bar
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Window Treatments
  • Entrance Foyer
  • Family Room with Fireplace
  • Great Room
  • Combination Dining and Living Room
  • Home Theater
  • Exterior Basement Entry
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Kitchen Island

Flooring

  • Wood
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Garden Bath

Home Security

  • Home Security System
  • Storm Windows
  • Fire Sprinkler System

Accessible Home Design

  • Adaptable For Elevator

Outdoor Features

  • River Access
  • Floating Dock
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Exterior Lighting

Schools

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

Utilities

  • Central Air
  • Heating Available

Community Details

Overview

  • Club Membership Available
  • Wild Dunes Subdivision

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Boat Dock
  • Pier or Dock
  • Golf Course Community
  • Golf Course Membership Available
  • Tennis Courts
  • Community Pool
  • Trails

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,398

Year Built

Built in 1992

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Contemporary, Traditional
  • Year Built: 1992
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.13
  • Subdivision Name: Wild Dunes
  • Directions: Enter Main Gate At Wild Dunes. Must Have Pass Or Pay $15 With Realtor License. See Agent Notes. Turn Right Onto Palmetto Drive Once You Are Through The Gate. Left Onto Morgan Place Drive. You May Need Additional Gate Code To Get Into Morgan Place. Follow To End Of Street, Take A Right, House Is On The Left.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: 3 Stories
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 4
  • Special Features: None
  • Stories: 4

Interior Features

  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Gas Log, One
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Marble, Other, Wood
  • Interior Amenities: Ceiling - Smooth, High Ceilings, Elevator, Garden Tub/Shower, Kitchen Island, Walk-In Closet(s), Wet Bar, Ceiling Fan(s), Eat-in Kitchen, Family, Entrance Foyer, Great, Living/Dining Combo, Media, Other (Use Remarks)
  • Window Features: Storm Window(s), Window Treatments
  • Master Bedroom Features: Ceiling Fan(s), Garden Tub/Shower, Outside Access, Walk-In Closet(s)
  • Master Bedroom Master Bedroom Level: Upper

Exterior Features

  • Roof: Metal
  • Fencing: Partial, Privacy
  • Lot Features: Cul-De-Sac
  • Waterfront Features: River Access, Waterfront - Deep, Seawall
  • Waterfront: Yes
  • Construction Type: Cement Plank
  • Exterior Features: Balcony, Dock - Existing, Dock - Floating, Elevator Shaft, Lawn Irrigation, Lighting
  • Foundation Details: Raised
  • Other Structures: None
  • Patio And Porch Features: Deck, Patio, Covered, Front Porch

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Car Garage, Attached, Off Street, Other (Use Remarks), Garage Door Opener
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Laundry Features: Laundry Room
  • Security: Fire Sprinkler System, Security System
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Dominion Energy, IOP W/S Comm
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Club Membership Available, Dock Facilities, Elevators, Gated, Golf Course, Golf Membership Available, Pool, Security, Tennis Court(s), Trash, Walk/Jog Trails

Schools

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

Lot Info

  • Lot Size Sq Ft: 5662.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5710800042

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2024
Sold by
Rachael Schuler Revocable Trust and Mark A Schuler Revocable Trust
Bought by
Rachael Schuler Revocable Trust and Schuler Mark A
Current Estimated Value
$3,393,825

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$993,813
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$2,257,360

Purchase Details

Listed on
Jan 9, 2024
Closed on
Feb 14, 2024
Sold by
Smith Michael J and Smith Nora L
Bought by
Rachael Schuler Revocable Trust and Schuler
Seller's Agent
Leslie Turner
Maison Real Estate
Buyer's Agent
Cara Schaafsma
Carolina One Real Estate
List Price
$3,950,000
Sold Price
$3,555,000
Premium/Discount to List
-$395,000
-10%
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.60%

Purchase Details

Closed on
Nov 22, 2011
Sold by
Bridgeham Russell B
Bought by
Smith Michael J and Smith Nora L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.17%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Rachael Schuler Revocable Trust -- None Listed On Document
Rachael Schuler Revocable Trust -- None Listed On Document
Rachael Schuler Revocable Trust $3,555,000 None Listed On Document
Smith Michael J $827,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rachael Schuler Revocable Trust $1,000,000
Closed Rachael Schuler Revocable Trust $1,000,000
Previous Owner Smith Michael J $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2024 02/16/24 Sold $3,555,000 -10.0% $923 / Sq Ft
01/09/2024 01/09/24 For Sale $3,950,000 -- $1,025 / Sq Ft
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
2024 $14,398 $62,240 $0 $0
2023 $14,398 $62,240 $0 $0
2022 $13,557 $62,240 $0 $0
2021 $13,403 $62,240 $0 $0
2020 $13,221 $62,240 $0 $0
2019 $12,124 $54,120 $0 $0
2017 $11,586 $54,120 $0 $0
2016 $11,123 $54,120 $0 $0
2015 $10,591 $54,120 $0 $0
2014 $12,791 $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: 24000657

CHS Regional MLS

APN: 571-08-00-042