NOT LISTED FOR SALE

500 Carolina Blvd Isle of Palms, SC 29451

Estimated Value: $1,413,252 - $2,260,000

0.17 Acre
$10,806,253 Price per Acre
7,405 Sq Ft Lot

Last Sold October 12, 2021

Last sale price $1,050,000 $694 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $13,402/month

1 Day on Market

Highlights

  • Beach Access
  • Sullivans Island Elementary School Rated A
  • Elevated Lot

About This Lot

As of October 2021

LOCATION, LOCATION, LOCATION! South of the connector. Beach views. Steps to the beach (literally, this lot is 3 houses away from the 5th Ave beach access). Graded and ready to build. Plans from Swallowtail Architecture can convey. This location will always have beach views as it faces the unobstructed beach access. The 5th Ave beach access is unique in all the best ways - extra wide, flat and short for easy stroller pushing and wagon pulling! It is also one of the safest street on the island, with a 3-way stop at 5th Ave and Ocean Blvd for safe crossing with children. This block is a family's paradise. High and dry lot with no flooding. Spot elevations show ground is 12' above sea level on average. Beautiful mature palm trees on the lot. Zoned SR2 w/ 25 ft front and 10 side setbacks.

Last Agent to Sell the Property

Sunday Lempesis

Carolina One Real Estate License #17423 Listed on: 08/30/2021

Carolina One Real Estate

Last Buyer's Agent

Amy Jancewicz

Carolina One Real Estate License #90492

Carolina One Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,993

Year Built

  • 1955

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 95x80x95x80
  • Property fronts an easement
  • Elevated Lot
  • Finished Lot(s)

Outdoor Features

  • Beach Access

Schools

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

Property Details

Property Type

Land

Est. Annual Taxes

$7,993

Year Built

1955

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.17
  • Lot Size: 95x80x95x80
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Directions: Coleman Blvd To The Ben Sawyer Bridge, Turn Left On Jasper Blvd, Drive 5.4 Miles And Turn Right On 5th Ave. Lot Is On The Corner Of 5th And Carolina.take The Iop Connector To Palm Blvd, Take A Right And Turn Left On 6th Or 5th Avenues And Lot Is On The Corner Of Carolina And 5th.
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1955

Interior Features

  • Possible Use: Residential

Exterior Features

  • Lot Features: .5 - 1 Acre, High, Easements
  • Waterfront Features: Beach Access

Garage/Parking

  • Open Parking: No

Utilities

  • Electricity On Property: No
  • Utilities: Water Connected

Schools

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

Lot Info

  • Development Status: Finished Lot(s)
  • Lot Size Sq Ft: 7405.2
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5681000058
  • Tax Annual Amount: 7992.86

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2021
Closed on
Sep 29, 2021
Sold by
William Lempesis Peter
Bought by
Ade 955 Llc
Seller's Agent
Sunday Lempesis
Carolina One Real Estate
Buyer's Agent
Amy Jancewicz
Carolina One Real Estate
List Price
$1,200,000
Sold Price
$1,050,000
Premium/Discount to List
-$150,000
-12.5%
Total Days on Market
1
Current Estimated Value
$1,837,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$787,063
Avg. Annual Appreciation
14.73%

Purchase Details

Closed on
Dec 21, 2016
Sold by
Butera Llc
Bought by
Lempesis Peter William and Lempesis Nancy Sisk

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 9, 2000
Sold by
Stokes James B
Bought by
Butera Partnership

Purchase Details

Closed on
Oct 24, 2000
Sold by
Stokes James B
Bought by
Stokes James B
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
Ade 955 Llc $1,050,000 None Listed On Document
Lempesis Peter William $660,000 None Available
Butera Partnership $340,000 --
Stokes James B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ade 955 Llc $750,000
Previous Owner Lempesis Peter William $490,000
Previous Owner Lempesis Peter William $485,000
Previous Owner Lempesis Peter William $500,000
Previous Owner Butera Llc $222,041
Previous Owner Butera Llc $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2021 10/12/21 Sold $1,050,000 -12.5% $694 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
08/30/2021 08/30/21 For Sale $1,200,000 -- $794 / 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 $37,084 $63,000 $0 $0
2022 $13,585 $63,000 $0 $0
2021 $8,104 $37,950 $0 $0
2020 $7,993 $37,950 $0 $0
2019 $7,325 $33,000 $0 $0
2017 $8,517 $39,600 $0 $0
2016 $6,073 $29,220 $0 $0
2015 $5,780 $29,220 $0 $0
2014 $6,424 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sunday Lempesis

    Seller's Agent in 2021

    Sunday Lempesis

    Carolina One Real Estate

    (843) 202-2020

    3 in this area

    20 Total Sales

    Sunday Lempesis
    Section Image
  • Amy Jancewicz

    Buyer's Agent in 2021

    Amy Jancewicz

    Carolina One Real Estate

    (843) 886-8110

    6 in this area

    7 Total Sales

    Amy Jancewicz
    Section Image
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Map

Source: CHS Regional MLS

MLS Number: 21023841

CHS Regional MLS

APN: 568-10-00-058

South Carolina Charleston County Isle Of Palms 29451

500 Carolina Blvd, Isle Of Palms, SC

This home is located at 500 Carolina Blvd, Isle of Palms, SC 29451 since 30 August 2021 and is currently estimated at $1,837,063, approximately $1,214 per square foot. This property was built in 1955. 500 Carolina 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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