NOT LISTED FOR SALE

405 Merritt Blvd Isle of Palms, SC 29451

Estimated Value: $4,476,000 - $7,523,000

0.32 Acre
$18,926,781 Price per Acre
13,939 Sq Ft Lot

Last Sold August 01, 2017

Last sale price $1,825,000 $619 Per Sq Ft

Est. 232% increase in value since last sale

Current estimated payment $37,001/month

80 Days on Market

Highlights

  • Private Dock
  • Waterfront
  • Cul-De-Sac
  • Sullivans Island Elementary School Rated A
  • Wooded Lot
  • Interior Lot

About This Lot

As of August 2017

This is all but a one of a kind remaining deep water lot with dock located on coveted Hamlin Creek. The almost 1/3 acre lot boast of natural Palms and Palmetto trees. The 95 feet of water frontage provides panoramic views of Hamlin Creek as well as pristine marshes and inter-coastal waterway. Located on a cul de sac off the beaten track provides unsurpassed privacy. The property has been cleared, filled and prepped for construction. Owner has paid for and has extended the sewer to the property providing the convenience of both public water and sewer.Owner has House Plans done by a renowned architectural firm which can convey, if desired. New Dock permit includes bulk-head and revised and extended dock with covered pier-head and forward floater. Magnificent views of waterways and sunsets.

Last Agent to Sell the Property

Tommy Lovett

Carolina One Real Estate License #18023 Listed on: 04/06/2017

Carolina One Real Estate

Last Buyer's Agent

Tim Reese

Dunes Properties of Chas Inc License #24075

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $18,642

Year Built

  • 1968

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 85x145x95x162
  • Waterfront
  • Cul-De-Sac
  • Interior Lot
  • Wooded Lot
  • Tidal Wetland on Lot
  • Site Plan Filed

Schools

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

Community Details

Recreation

  • Boat Dock
  • Private Dock

Additional Features

  • Isle Of Palms Subdivision
  • Income includes ["none"]

Property Details

Property Type

Land

Est. Annual Taxes

$18,642

Year Built

1968

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.32
  • Lot Size: 85x145x95x162
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: Isle of Palms
  • Directions: From Isle Of Palms Connector Take A Right On Palm Blvd Towards Breach Inlet And Boat House Restaurant Until You Get To 4th Ave On Your Right, Turn Right Of 4th And Follow Around Until It Turns Into Merritt Blvd. Homesite Will Be On Your Left On The Much Coveted Hamlin Creek.
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1968

Interior Features

  • Possible Use: Residential

Exterior Features

  • Lot Features: Cul-De-Sac, Interior Lot, Wooded
  • Waterfront Features: Tidal Creek, Waterfront - Deep
  • Waterfront: Yes
  • Exterior Features: Private Dock At Lot
  • Other Structures: Other

Garage/Parking

  • Open Parking: No

Utilities

  • Electricity On Property: Yes
  • Sewer: Sewer At Site
  • Utilities: Electricity Connected, Water Connected

Condo/Co-op/Association

  • Community Features: Dock Facilities

Schools

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

Lot Info

  • Development Status: Site Plan Filed
  • Lot Size Sq Ft: 13939.2
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5681000003
  • Tax Annual Amount: 18642

Multi Family

  • Income Includes: ["None"]

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2020
Sold by
Hairfield Wendell Lawrence and Hairfield Melinda Roseman
Bought by
405 Merritt Llc
Total Days on Market
80
Current Estimated Value
$6,056,570

Purchase Details

Listed on
Apr 6, 2017
Closed on
Jul 31, 2017
Sold by
Mcelveen Douglas G and Mcelveen Jennifer C
Bought by
Hairfield Wendell Lawrence and Hairfield Melinda Roseman
Seller's Agent
Tommy Lovett
Carolina One Real Estate
Buyer's Agent
Tim Reese
Dunes Properties of Chas Inc
List Price
$2,100,000
Sold Price
$1,825,000
Premium/Discount to List
-$275,000
-13.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.49%

Purchase Details

Listed on
Jan 30, 2015
Closed on
Apr 27, 2015
Sold by
Wallace Susan Adele and Wallace James R
Bought by
Mcelveen Douglas G and Mcelveen Jennifer C
Seller's Agent
Charlie Aikman
Carolina One Real Estate
Buyer's Agent
Tommy Lovett
Carolina One Real Estate
List Price
$1,525,000
Sold Price
$1,520,000
Premium/Discount to List
-$5,000
-0.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.43%

Purchase Details

Closed on
Jul 20, 2012
Sold by
Wallace Susan Adele
Bought by
Wallace James R and Wallace Alexander D
Source: Public Records

Range of Values:

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Average Value
Not Available
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
405 Merritt Llc $4,250,000 None Available
Hairfield Wendell Lawrence $1,825,000 None Available
Mcelveen Douglas G $1,520,000 --
Wallace James R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hairfield Wendell Lawrence $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2017 08/01/17 Sold $1,825,000 -13.1% $619 / Sq Ft
06/26/2017 06/26/17 Pending -- -- --
04/06/2017 04/06/17 For Sale $2,100,000 +38.2% $712 / Sq Ft
04/30/2015 04/30/15 Sold $1,520,000 -0.3% $515 / Sq Ft
02/15/2015 02/15/15 Pending -- -- --
01/30/2015 01/30/15 For Sale $1,525,000 -- $517 / 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 $58,303 $255,000 $0 $0
2022 $55,013 $255,000 $0 $0
2021 $54,384 $255,000 $0 $0
2020 $11,646 $138,000 $0 $0
2019 $10,371 $120,000 $0 $0
2017 $19,071 $90,000 $0 $0
2016 $18,642 $91,200 $0 $0
2015 $3,713 $44,720 $0 $0
2014 -- $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2017

    Tommy Lovett

    Carolina One Real Estate

    (843) 442-1276

    25 Total Sales

    Tommy Lovett
    Section Image

  • T

    Buyer's Agent in 2017

    Tim Reese

    Dunes Properties of Chas Inc

    (843) 906-1861

    2 in this area

    17 Total Sales

    Tim Reese
    Section Image
  • Charlie Aikman

    Seller's Agent in 2015

    Charlie Aikman

    Carolina One Real Estate

    (843) 886-8110

    10 in this area

    39 Total Sales

    Charlie Aikman
    Section Image
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Map

Source: CHS Regional MLS

MLS Number: 17009738

CHS Regional MLS

APN: 568-10-00-003

South Carolina Charleston County Isle Of Palms 29451

405 Merritt Blvd, Isle Of Palms, SC

This home is located at 405 Merritt Blvd, Isle of Palms, SC 29451 since 06 April 2017 and is currently estimated at $6,056,570, approximately $2,053 per square foot. This property was built in 1968. 405 Merritt Blvd is a home located in Charleston County with nearby schools including Sullivans Island Elementary School, Moultrie Middle School, and Wando High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

CHS Regional MLS The information is being provided by Charleston Trident MLS. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. © 2025 Charleston Trident MLS. All Rights Reserved

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