411 Ocean Blvd Isle of Palms, SC 29451
Estimated Value: $4,316,000 - $6,077,000
7
Beds
7
Baths
3,860
Sq Ft
$1,296/Sq Ft
Est. Value
Highlights
- Beach Access
- Home Theater
- Fireplace in Bedroom
- Sullivans Island Elementary School Rated A
- Above Ground Pool
- Deck
About This Home
As of March 2022''Ocean View'' is a seven bedroom, seven bathroom (two half), 3,860 square foot home that features the finest in luxury amenities. Completely remodeled over the last 14 months, all full baths and kitchen have new tile and countertops as well as the interior and exterior being freshly painted. Located in the ideal block of ''Millionaire's Row'' (equidistant from Breach Inlet and Front Beach IOP) this home boasts luxurious features such as its three-sided infinity edge pool and spa, glass elevator, 375-gallon aquarium, 375-gallon terrarium, rooftop deck with hot tub, 48'' Wolf gas range/oven (2021), outdoor kitchen (2021), new pool tile and deck (2021), standing seam metal roof (2020), custom cabinetry, wet bar, frameless shower enclosures (2021), etc. READ MOREFrom the large wrap-around porches and widow's walk encompassing over 2000 square feet, you have spectacular views of the island, Sullivan's Island lighthouse, Morris Island lighthouse, and the third largest cable stay bridge in the Western Hemisphere. Located just five blocks from the heart of the Isle of Palms, guests can enjoy shops and restaurants on Front Beach, or walk directly across quiet Ocean Boulevard to the beach access.
This home is one of the top rental homes on the island due to its exclusive features, location and its grandfathered and transferrable rental license for 16 occupants (12 is currently the max without this grandfathered benefit). Producing over $380,000 of rental income in 2021, and on pace for over $400,000 this year ($301,000 already on the books), this is a strong investment opportunity.
Andersen impact doors and windows and spray foam insulation throughout not only make this home energy efficient, but also structurally sound. These features, along with the 1/2" stainless steel cables tying the foundation to roof throughout all exterior walls have provided the strength to withstand every storm since construction with zero water intrusion.
The first floor in this beautiful home features a large wrap-around porch, newly renovated outdoor kitchen with grill and wet bar, and the three-sided infinity-edge pool facing the Atlantic Ocean. Five bedrooms, a den, and four full and one half bathroom grace the first floor of 'Ocean View'. Four of the bedrooms have their own bathroom, three with a shower and one with a tub/shower combination and three have porch access.
The second floor of the home is perfect for friends and family gatherings with its open floor plan and high 12-foot coffered ceilings. Guests will enjoy lounging in the large family room admiring the exotic fish in the 375-gallon saltwater aquarium or enjoying family meals from the gourmet kitchen that features a brand-new gas 48' Wolf double oven and range. The large kitchen island with prep sink and warming drawer completes this gourmet kitchen. Guests can enjoy ocean breezes from the second floor wrap-around porch or the third floor widow's walk and hot tub that can be accessed via the spiral stair-case from the porch off of the living room. Two beautifully decorated bedrooms, including the master suite are also located on this floor. The large master suite features private porch access, two custom closets, 12-foot coffered ceiling and a double-sided fireplace to the bathroom. The master suite bathroom offers the optimum luxury experience with the walk-in shower and separate garden tub with an overhead tub fill. The master bathroom was recently remodeled in 2022 with new tile, fixtures, quartz vanity and garden tub.
Seller is a licensed real estate agent. If square footage is important, please measure.
Last Agent to Sell the Property
AgentOwned Realty Preferred Group License #75303 Listed on: 02/04/2022
Last Buyer's Agent
AgentOwned Realty Preferred Group License #75303 Listed on: 02/04/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $43,270
Year Built
- Built in 2006
Lot Details
- 9,148 Sq Ft Lot
- Privacy Fence
- Wood Fence
Parking
- 4 Car Garage
- Garage Door Opener
Home Design
- Contemporary Architecture
- Raised Foundation
- Metal Roof
- Cement Siding
Interior Spaces
- 3,860 Sq Ft Home
- 2-Story Property
- Wet Bar
- Central Vacuum
- Beamed Ceilings
- Smooth Ceilings
- High Ceiling
- Ceiling Fan
- Thermal Windows
- ENERGY STAR Qualified Windows
- Window Treatments
- Insulated Doors
- Entrance Foyer
- Great Room with Fireplace
- 3 Fireplaces
- Family Room
- Formal Dining Room
- Home Theater
- Home Office
- Bonus Room
- Game Room
- Utility Room
- Exterior Basement Entry
Kitchen
- Eat-In Kitchen
- Dishwasher
- ENERGY STAR Qualified Appliances
- Kitchen Island
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- Fireplace in Bedroom
- Dual Closets
- Walk-In Closet
- Fireplace in Bathroom
- Garden Bath
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Storm Windows
- Storm Doors
Accessible Home Design
- Adaptable For Elevator
Eco-Friendly Details
- Energy-Efficient Insulation
- ENERGY STAR/Reflective Roof
Pool
- Above Ground Pool
- Spa
Outdoor Features
- Beach Access
- Balcony
- Deck
- Covered patio or porch
- Exterior Lighting
- Separate Outdoor Workshop
Schools
- Sullivans Island Elementary School
- Moultrie Middle School
- Wando High School
Utilities
- Central Air
- Heat Pump System
- Tankless Water Heater
Community Details
Amenities
- Community Storage Space
- Elevator
Recreation
- Community Spa
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 21, 2020
Sold by
411 Ocean Boulevard Trust
Bought by
Hycliff Group Llc
Total Days on Market
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 30, 2020
Sold by
Miles James M and Miles Shelly H
Bought by
411 Ocean Investors Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.1%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 7, 2010
Sold by
Miles James M
Bought by
Miles James M and Miles Shelly H
Purchase Details
Closed on
Mar 23, 2009
Sold by
411 Ocean Llc
Bought by
Miles James M and Revocable Trust Agreement Of 411 Ocean B
Purchase Details
Closed on
Mar 11, 2009
Sold by
Miles James M and Miles Shelly H
Bought by
411 Ocean Llc
Purchase Details
Closed on
May 3, 2005
Sold by
Allred Lester L and Allred Brenda Loyd
Bought by
Miles James M and Miles Shelly H
Purchase Details
Closed on
Sep 9, 1999
Sold by
Loyd Allred Brenda
Bought by
Allred Lester L and Allred Brenda Loyd
Similar Homes in Isle of Palms, SC
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hycliff Group Llc | $4,200,000 | Donaldson Law Firm Llc | |
| Miles Shelley H | $2,820,000 | None Available | |
| 411 Ocean Investors Llc | $2,820,000 | None Available | |
| Miles James M | -- | -- | |
| Miles James M | -- | -- | |
| 411 Ocean Llc | -- | -- | |
| Miles James M | $1,300,000 | -- | |
| Allred Lester L | -- | -- | |
| Allred Lester L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Miles Shelley H | $2,800,000 | |
| Previous Owner | Miles Shelley H | $6,300,000 | |
| Previous Owner | 411 Ocean Investors Llc | $1,200,000 | |
| Previous Owner | Miles James M | $1,190,000 | |
| Previous Owner | Miles James M | $400,000 | |
| Previous Owner | Miles James M | $1,827,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/18/2022 03/18/22 | Sold | $4,200,000 | 0.0% | $1,088 / Sq Ft |
| 02/16/2022 02/16/22 | Pending | -- | -- | -- |
| 02/04/2022 02/04/22 | For Sale | $4,200,000 | -- | $1,088 / 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 | $43,270 | $189,000 | $0 | $0 |
| 2022 | $36,560 | $169,200 | $0 | $0 |
| 2021 | $36,143 | $169,200 | $0 | $0 |
| 2020 | $26,375 | $124,980 | $0 | $0 |
| 2019 | $6,329 | $72,450 | $0 | $0 |
| 2017 | $6,160 | $72,450 | $0 | $0 |
| 2016 | $5,762 | $72,450 | $0 | $0 |
| 2015 | $6,203 | $72,450 | $0 | $0 |
| 2014 | $5,033 | $0 | $0 | $0 |
| 2011 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
James Miles
Seller's Agent in 2022
James Miles
AgentOwned Realty Preferred Group
(864) 363-3049
17 in this area
24 Total Sales
Map
Source: CHS Regional MLS
MLS Number: 22002894
APN: 568-10-00-051
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