NOT LISTED FOR SALE

3908 Palm Blvd Isle of Palms, SC 29451

Estimated Value: $5,882,000 - $9,458,418

9 Beds
10.5 Baths
6,896 Sq Ft
$1,112/Sq Ft Est. Value

Last Sold October 04, 2021

Last sale price $7,930,000 $1,150 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $47,498/month

91 Days on Market

Highlights

  • Beach Front
  • Marina
  • Golf Course Community
  • Sullivans Island Elementary School Rated A
  • Boat Ramp
  • Wine Cellar

About This Home

As of October 2021

For the luxury lifestyle your client expects, we present this immaculate custom-built home overlooking the Atlantic Ocean. This exquisite residence, built in 2006, offers the finest in beach front living. Discerning buyers will immediately recognize the quality of this artfully constructed home. Constructed with the finest materials, including Andersen high impact windows and doors, as well as exotic IPE decking, this 9-bedroom home also boasts beautiful Brazilian cherry floors throughout. A custom kitchen overlooking the Atlantic is worthy of the most discriminating chef. It features all top-of-the-line stainless steel appliances as well as a separate wine room. You will love the natural light and wonderful views throughout this home. READ MOREThe third-floor bedroom's panoramic views are the most spectacular, breathtaking viewpoints of one of the nation's top beaches. Oceanside, lounging by your infinity edge pool, you will experience beach living at its finest as you enjoy revitalizing breezes just steps from the Atlantic. The outdoor living area is complete with an outdoor kitchen with a stainless steel built-in grill. The separate gazebo off the private boardwalk provides additional serenity to capture your own sunrise. Tankless hot water heaters, spray foam insulation throughout, metal roof, and low E Andersen impact doors and windows are some of the sustainability features reducing our carbon footprint. This home has a transferable ''grandfathered'' vacation rental license for a maximum occupancy of 28 (current law only provides 12 occupants). For 2021, the projected rental revenue will exceed $700,000 with $647,000 of rentals already on the books. Furniture does not convey but may be purchased on a separate bill of sale. This home is shown by appointment only.

Last Agent to Sell the Property

James Miles

AgentOwned Realty Preferred Group License #75303 Listed on: 05/05/2021

AgentOwned Realty Preferred Group

Last Buyer's Agent

Joanne Grimshaw

AgentOwned Realty Preferred Group License #83837

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $66,232

Year Built

  • Built in 2006

Lot Details

  • 0.92 Acre Lot
  • Beach Front
  • Well Sprinkler System

Parking

  • 5 Car Garage

Home Design

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

Interior Spaces

  • 6,896 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Central Vacuum
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Thermal Windows
  • ENERGY STAR Qualified Windows
  • Insulated Doors
  • Entrance Foyer
  • Wine Cellar
  • Family Room with Fireplace
  • Great Room
  • Combination Dining and Living Room
  • Home Theater
  • Home Office
  • Bonus Room
  • Utility Room with Study Area
  • Exterior Basement Entry

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Kitchen Island

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Double Master Bedroom
  • Dual Closets
  • Walk-In Closet
  • In-Law or Guest Suite
  • Garden Bath

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows
  • Storm Doors

Pool

  • Above Ground Pool
  • Spa

Outdoor Features

  • Balcony
  • Deck
  • Covered patio or porch
  • Gazebo

Schools

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

Utilities

  • Central Air
  • Heating Available
  • Tankless Water Heater
  • Septic Tank

Additional Features

  • Adaptable For Elevator
  • Energy-Efficient Insulation

Community Details

Overview

  • Club Membership Available

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Boat Ramp
  • Marina
  • Golf Course Community
  • Golf Course Membership Available
  • Tennis Courts
  • Community Pool
  • Community Spa
  • Dog Park
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$66,232

Year Built

Built in 2006

Lot Details

0

Parking

5

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Traditional
  • Year Built: 2006
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.92
  • Ownership: Fee Simple
  • Subdivision Name: None
  • Directions: From The Iop Connector, Take A Left On Palm Blvd. House Will Be On The Right.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: 3 Stories
  • New Construction: No
  • Efficiency: Insulation
  • Property Attached Yn: No
  • Building Stories: 3
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Spa Features: Hot Tub/Spa, Community
  • Appliances: Dishwasher, Dryer, Refrigerator, Washer, ENERGY STAR Qualified Appliances, Tankless Water Heater
  • Full Bathrooms: 10
  • Half Bathrooms: 1
  • Total Bedrooms: 9
  • Door Features: Storm Door(s)
  • Fireplace Features: Family Room, Gas Log, One
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Stone, Wood
  • Interior Amenities: Ceiling - Smooth, High Ceilings, Elevator, Garden Tub/Shower, Kitchen Island, Walk-In Closet(s), Wet Bar, Wine Cellar, Ceiling Fan(s), Central Vacuum, Bonus, Eat-in Kitchen, Family, Entrance Foyer, Great, Living/Dining Combo, Media, In-Law Floorplan, Office, Pantry, Study, Utility
  • Window Features: Storm Window(s), Thermal Windows/Doors, ENERGY STAR Qualified Windows
  • Master Bedroom Features: Ceiling Fan(s), Dual Masters, Garden Tub/Shower, Multiple Closets, Outside Access, Walk-In Closet(s)
  • Master Bedroom Master Bedroom Level: Lower,Upper

Exterior Features

  • Roof: Metal
  • Lot Features: .5 - 1 Acre
  • Pool Features: Pool - Elevated
  • Pool Private: Yes
  • Waterfront Features: Beach Access, Beach Front
  • Waterfront: Yes
  • Construction Type: Cement Plank
  • Exterior Features: Balcony, Elevator Shaft, Lawn Irrigation, Lawn Well
  • Foundation Details: Raised
  • Other Structures: Gazebo
  • Patio And Porch Features: Deck, Covered, Front Porch, Porch - Full Front
  • Property Condition: Pre-Owned

Garage/Parking

  • Covered Parking Spaces: 5
  • Garage Spaces: 5
  • Open Parking: No
  • Parking Features: 5 Car Garage
  • Total Parking Spaces: 5

Utilities

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

Condo/Co-op/Association

  • Community Features: Boat Ramp, Clubhouse, Club Membership Available, Dog Park, Elevators, Golf Course, Golf Membership Available, Marina, Pool, Tennis Court(s), Trash, Walk/Jog Trails

Schools

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

Lot Info

  • Lot Size Sq Ft: 40075.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5711100163
  • Tax Annual Amount: 66232.22

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2021
Closed on
Oct 6, 2021
Sold by
3908 Iop Llc
Bought by
Goshen Investments Llc
Seller's Agent
James Miles
AgentOwned Realty Preferred Group
Buyer's Agent
Joanne Grimshaw
AgentOwned Realty Preferred Group
List Price
$7,930,000
Sold Price
$7,930,000
Total Days on Market
91
Current Estimated Value
$7,670,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$259,791
Avg. Annual Appreciation
-1.71%
Original Mortgage
$51,950,000
Outstanding Balance
$47,884,579
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
-$40,439,851

Purchase Details

Closed on
Dec 19, 2017
Sold by
Holland Properties Llc
Bought by
3908 Lop Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 10, 2014
Sold by
Palm Boulevard Llc
Bought by
Holland Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
4.29%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 6, 2006
Sold by
3908 Palm Llc
Bought by
Palm Boulevard Llc

Purchase Details

Closed on
Apr 15, 2005
Sold by
Dreyer Carolyn H and Dreyer Russell H
Bought by
3908 Palm Llc

Purchase Details

Closed on
Dec 15, 2003
Sold by
Dreyer Carolyn H
Bought by
Dreyer Russell H
Source: Public Records

Range of Values:

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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
Goshen Investments Llc $7,930,000 None Listed On Document
3908 Lop Llc -- None Available
Holland Properties Llc $4,986,363 --
Palm Boulevard Llc $5,750,000 None Available
3908 Palm Llc $2,200,000 --
Dreyer Russell H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Goshen Investments Llc $3,029,979
Open Goshen Investments Llc $51,950,000
Closed Goshen Investments Llc $1,950,000
Previous Owner 3908 Lop Llc $4,000,000
Previous Owner Holland Properties Llc $4,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2021 10/04/21 Sold $7,930,000 0.0% $1,150 / Sq Ft
09/04/2021 09/04/21 Pending -- -- --
05/05/2021 05/05/21 For Sale $7,930,000 -- $1,150 / 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
2023 $81,501 $356,850 $0 $0
2022 $102,500 $475,800 $0 $0
2021 $71,426 $335,160 $0 $0
2020 $70,443 $335,160 $0 $0
2019 $66,232 $299,100 $0 $0
2017 $63,367 $299,100 $0 $0
2016 $60,804 $299,100 $0 $0
2015 $57,921 $299,100 $0 $0
2014 $38,945 $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: 21011961

CHS Regional MLS

APN: 571-11-00-163