NOT LISTED FOR SALE

5 Waterway Island Dr Isle of Palms, SC 29451

Estimated Value: $2,078,000 - $3,039,000

3 Beds
3.5 Baths
2,980 Sq Ft
$801/Sq Ft Est. Value

Last Sold July 03, 2023

Last sale price $1,700,000 $570 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $15,177/month

202 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Spa
  • Sullivans Island Elementary School Rated A
  • Fitness Center
  • River Front

About This Home

As of July 2023

Priced to sell. Looking for the most amazing marsh and water views of the island in an exclusive location? This is it! 180 degrees of unobstructed views Spacious and luxurious, located inside the fantastic community of Wild Dunes, with wonderful bike trails, restaurants and with its world-renowned golf course. Lots like this do not come up for sale often on the island. This house is in a quiet, dead-end street surrounded by nature. This house is perfect as a primary residence or as a part time residence combined with short term rental periods (see agent notes for more details) continued...

Last Agent to Sell the Property

Melissa Osorio

Lokation Real Estate LLC License #97172 Listed on: 10/25/2022

Lokation Real Estate LLC

Last Buyer's Agent

Kea Whatley

AgentOwned Realty Preferred Group License #75444

AgentOwned Realty Preferred Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,454

Year Built

  • Built in 1986

Lot Details

  • 0.48 Acre Lot
  • Property fronts a marsh
  • River Front

HOA Fees

  • $153 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Raised Foundation
  • Wood Siding

Interior Spaces

  • 2,980 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Cathedral Ceiling
  • Window Treatments
  • Family Room
  • Separate Formal Living Room
  • Bonus Room
  • Game Room
  • Sun or Florida Room
  • Sauna
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Built-In Gas Oven
  • Gas Cooktop
  • Microwave
  • Kitchen Island
  • Trash Compactor

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Spa
  • Deck

Schools

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

Utilities

  • Central Air
  • No Heating

Community Details

Overview

  • Club Membership Available
  • Waterway Island Subdivision

Amenities

  • Sauna
  • Clubhouse

Recreation

  • Marina
  • Golf Course Community
  • Golf Course Membership Available
  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Community Spa
  • Trails

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,454

Year Built

Built in 1986

Lot Details

0

HOA Fees

$153 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Traditional
  • Year Built: 1986
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.48
  • Subdivision Name: Waterway Island
  • Directions: Upon Entering Wild Dunes Make A Right On Palmetto Dr. Then Left In Morgan Place Dr. The. Right In Morgan Creek Drive. Then Right On Waterway Island Dr.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • Special Features: None
  • Stories: 1

Interior Features

  • Spa Features: Hot Tub/Spa, Community
  • Appliances: Built-In Gas Oven, Gas Cooktop, Microwave, Refrigerator, Trash Compactor
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Ceiling - Cathedral/Vaulted, Ceiling - Smooth, High Ceilings, Kitchen Island, Walk-In Closet(s), Bonus, Eat-in Kitchen, Family, Formal Living, Game, Pantry, Sauna, Sun
  • Window Features: Window Treatments - Some

Exterior Features

  • Lot Features: 0 - .5 Acre
  • Waterfront Features: Marshfront, River Front
  • Waterfront: Yes
  • Construction Type: Wood Siding
  • Foundation Details: Raised
  • Other Structures: No
  • Patio And Porch Features: Deck
  • Property Condition: Pre-Owned

Garage/Parking

  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: No
  • Parking Features: 2 Car Garage, Off Street
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Laundry Features: Electric Dryer Hookup, Washer Hookup, Laundry Room
  • Cooling Y N: Yes
  • Heating Yn: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Club Membership Available, Fitness Center, Gated, Golf Course, Golf Membership Available, Marina, Pool, Sauna, Tennis Court(s), Walk/Jog Trails
  • Association Fee: 459
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 20908.8

Tax Info

  • Tax Map Number: 6040100006

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2022
Closed on
Jul 3, 2023
Sold by
Waterway Island Dream Llc
Bought by
Whatley Paul D and Whatley Kea S
Seller's Agent
Melissa Osorio
Lokation Real Estate LLC
Buyer's Agent
Kea Whatley
AgentOwned Realty Preferred Group
List Price
$2,229,000
Sold Price
$1,700,000
Premium/Discount to List
-$529,000
-23.73%
Views
124
Current Estimated Value
$2,386,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$686,964
Avg. Annual Appreciation
17.45%

Purchase Details

Closed on
Mar 19, 2021
Sold by
Good Homes Llc
Bought by
Waterway Island Dream Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,680,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 2002
Sold by
Derbyshire Linda L and Derbyshire John W
Bought by
Good Homes Llc

Purchase Details

Closed on
Mar 12, 2002
Sold by
Good Homes Llc
Bought by
Derbyshire Linda L and Derbyshire John W

Purchase Details

Closed on
Sep 12, 2000
Sold by
Derbyshire John W
Bought by
Good Homes Llc
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
Whatley Paul D $1,700,000 South Carolina Title
Waterway Island Dream Llc $1,700,000 None Available
Waterway Island Dream Llc $1,700,000 None Listed On Document
Good Homes Llc -- --
Derbyshire Linda L $327,300 --
Good Homes Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Waterway Island Dream Llc $1,680,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2023 07/03/23 Sold $1,700,000 -10.2% $570 / Sq Ft
05/15/2023 05/15/23 Price Changed $1,893,000 -5.1% $635 / Sq Ft
04/07/2023 04/07/23 Price Changed $1,995,000 -4.5% $669 / Sq Ft
03/01/2023 03/01/23 Price Changed $2,089,000 -1.8% $701 / Sq Ft
12/09/2022 12/09/22 Price Changed $2,127,000 -4.3% $714 / Sq Ft
11/10/2022 11/10/22 Price Changed $2,222,000 -0.3% $746 / Sq Ft
10/26/2022 10/26/22 For Sale $2,229,000 -- $748 / 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 $23,454 $68,000 $0 $0
2023 $23,454 $68,000 $0 $0
2022 $22,108 $102,000 $0 $0
2021 $22,108 $66,040 $0 $0
2020 $14,017 $66,040 $0 $0
2019 $12,853 $57,420 $0 $0
2017 $12,284 $57,420 $0 $0
2016 $11,792 $57,420 $0 $0
2015 $11,229 $57,420 $0 $0
2014 $12,973 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Melissa Osorio

    Lokation Real Estate LLC

    (843) 696-9249

    3 in this area

    6 Total Sales

    Section Image

  • K

    Buyer's Agent in 2023

    Kea Whatley

    AgentOwned Realty Preferred Group

    (843) 408-8704

    3 in this area

    11 Total Sales

    Section Image
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Map

Source: CHS Regional MLS

MLS Number: 22027312

CHS Regional MLS

APN: 604-01-00-006

South Carolina Charleston County Isle Of Palms 29451

5 Waterway Island Dr, Isle Of Palms, SC

This home is located at 5 Waterway Island Dr, Isle of Palms, SC 29451 since 25 October 2022 and is currently estimated at $2,386,964, approximately $800 per square foot. This property was built in 1986. 5 Waterway Island Dr 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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