$1,055,000
SOLD MAY 15, 2025

4953,4975 Lake Palmetto Ln North Charleston, SC 29418

Bennett Neighborhood
6 Beds
-- Bath
4,279 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$247 Per Sq Ft

38% Below List Price

94 Days on Market

Highlights

  • Boat Dock
  • Home Security System
  • Ceiling Fan
  • Furnished
  • Central Air
  • Heating Available

About This Home

As of May 2025

2 active short term rentals sold fully furnished generating over 200,000 per year in income. All future bookings will transfer upon sale complete pass through investment at a high rate of return. Agents and buyers search through loopnet, crexi, mls, or any other real estate platform and try to find a pass through cap rate at 8.5%. The rentals have many five star reviews with streamlined management already in place. All three rentals are unique booking experiences since they are lake front (these units consistently rent higher than well known park circle rentals) and can accommodate a large family due to each townhome being over 2200 sq ft. Since the properties are fee simple and built after 2004 maintenance is minimal without worry of an overbearing HOA or large assessments.

Last Agent to Sell the Property

Tift Mitchell

Tift Properties License #77945 Listed on: 02/10/2025

Last Buyer's Agent

Troy Watson

Ashley Cooper Real Estate, LLC License #54778

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 2005

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • Open Parking

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 6 Bedrooms
  • 4,279 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Crawl Space
  • Home Security System

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Schools

  • Meeting Street Elementary At Brentwood
  • Northwoods Middle School
  • North Charleston High School

Utilities

  • Central Air
  • Heating Available

Community Details

Recreation

  • Boat Dock

Additional Features

  • Lake Palmetto Subdivision
  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2005
  • Lot Size Acres: 0.12
  • Inclusions: All Furniture
  • Subdivision Name: Lake Palmetto
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Townhouse
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Total Bedrooms: 6
  • Interior Amenities: Ceiling Fan(s)

Exterior Features

  • Roof: Asphalt
  • Construction Type: Vinyl Siding
  • Foundation Details: Crawl Space
  • Other Structures: No
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Other

Utilities

  • Cooling: Central Air
  • Laundry Features: Washer Hookup
  • Security: Fire Sprinkler System, Security System
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Dock Facilities

Schools

  • Elementary School: Meeting Street Elementary at Brentwood
  • High School: North Charleston
  • Middle Or Junior School: Northwoods

Lot Info

  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 4091100101,4091100122

Multi Family

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

Property History

Date Event Price Change Sq Ft Price
05/15/2025 05/15/25 Sold $1,055,000 -37.8% $247 / Sq Ft
02/10/2025 02/10/25 For Sale $1,695,000 -- $396 / Sq Ft
Source: CHS Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2025

    Tift Mitchell

    Tift Properties

    (843) 514-8566

    6 in this area

    64 Total Sales

    Tift Mitchell
    Section Image
  • Troy Watson

    Buyer's Agent in 2025

    Troy Watson

    Ashley Cooper Real Estate, LLC

    (843) 709-2256

    3 in this area

    61 Total Sales

    Troy Watson
    Section Image
See All Agents

Map

Source: CHS Regional MLS

MLS Number: 25003531

CHS Regional MLS
South Carolina Charleston County North Charleston 29418 Bennett

4953,4975 Lake Palmetto Ln, North Charleston, SC

This home is located at 4953,4975 Lake Palmetto Ln, North Charleston, SC 29418 and is currently priced at $1,055,000, approximately $246 per square foot. This property was built in 2005. 4953,4975 Lake Palmetto Ln is a home located in Charleston County with nearby schools including Meeting Street Elementary at Brentwood, North Charleston High, and Gates 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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