$2,700,000
SOLD NOV 16, 2016

512 Ocean Blvd Isle of Palms, SC 29451

5 Beds
4.5 Baths
3,495 Sq Ft
0.72 Acres

Recently Sold

$773 Per Sq Ft

7 Days on Market

Highlights

  • Beach Front
  • 0.72 Acre Lot
  • Wood Flooring
  • Sullivans Island Elementary School Rated A
  • Traditional Architecture
  • High Ceiling

About This Home

As of May 2020

Welcome to the spectacular Isle of Palms,SC beachfront! Imagine living full or part time in this beautiful 5 bedroom, 4.5 bath piece of paradise at 512 Ocean Blvd. With nearly 3,500 square feet of indoor space, what makes this home really special is the nearly 1,500 square feet of outdoor verandas, decks, and porches. Pictures can't describe the way this home flows from the spacious window-lined kitchen and dining room, through the huge light filled great room, and up the stairs to the second family room with a vaulted ceiling and a wall of windows to the ocean. With beautiful hardwood floors throughout.The Owners Suite offers spectacular ocean views, vaulted ceiling, a roomy spa-like bath, large walk-in closet.. and a huge rear balcony from which you can watch the early morning parade of shrimp boats and ships entering and leaving the Port of Charleston. The grounds are beautifully landscaped throughout with local indigenous plants, trees and flowers lining a long, circular, private driveway that allow for plenty of parking for family and friends. Additionally, our rental manager tells us that by adding a swimming pool, an owner could expect $250,000+ in rental revenue if you so choose. Call the listing agents for specific information on the rental aspect or any further detail of this cool home!

Last Agent to Sell the Property

Mark Mitchell

Dunes Properties of Chas Inc License #61681 Listed on: 09/22/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,418

Year Built

  • Built in 1996

Lot Details

  • 0.72 Acre Lot
  • Beach Front

Home Design

  • Traditional Architecture
  • Raised Foundation
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,495 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Family Room with Fireplace
  • Great Room

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Front Porch

Schools

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

Utilities

  • Central Air
  • Heating Available

Community Details

  • Isle Of Palms Subdivision
  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,418

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Traditional
  • Year Built: 1996
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.72
  • Co List Office Mls Id: 1663
  • Co List Office Phone: 843-886-5600
  • Ownership: Fee Simple
  • Subdivision Name: Isle of Palms
  • Directions: Iop Connector, Turn Right On Palm Blvd, Left On 5th Avenue, Left On Ocean Blvd., House On Right.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • ResoBuildingAreaSource: Assessor
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, One, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Ceiling - Smooth, High Ceilings, Elevator, Kitchen Island, Walk-In Closet(s), Ceiling Fan(s), Eat-in Kitchen, Family, Great
  • Window Features: Window Treatments - Some
  • Master Bedroom Features: Ceiling Fan(s), Walk-In Closet(s)
  • Master Bedroom Master Bedroom Level: Upper

Exterior Features

  • Roof: Architectural
  • Lot Features: .5 - 1 Acre
  • Waterfront Features: Beach Front
  • Waterfront: Yes
  • Construction Type: Vinyl Siding
  • Foundation Details: Raised
  • Patio And Porch Features: Porch - Full Front
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No
  • Parking Features: Other (Use Remarks)

Utilities

  • Cooling: Central Air
  • Laundry Features: Dryer Connection, Washer Hookup, Laundry Room
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: IOP W/S Comm, SCE & G
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Elevators

Schools

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

Lot Info

  • Lot Size Sq Ft: 31363.199999
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5681000188
  • Tax Annual Amount: 7417.9

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2020
Closed on
May 11, 2020
Sold by
Garrett Hospitality Llc
Bought by
512 Ocean Llc
Seller's Agent
James Miles
AgentOwned Realty Preferred Group
Buyer's Agent
James Miles
AgentOwned Realty Preferred Group
List Price
$3,220,000
Sold Price
$3,220,000
Current Estimated Value
$5,110,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,890,563
Avg. Annual Appreciation
11.10%
Original Mortgage
$2,415,000
Outstanding Balance
$2,081,328
Interest Rate
3.3%
Mortgage Type
Commercial
Estimated Equity
$3,597,786

Purchase Details

Closed on
May 18, 2017
Sold by
Garrett Mason Y
Bought by
Garrett Hospitality Llc

Purchase Details

Listed on
Sep 22, 2016
Closed on
Nov 16, 2016
Sold by
Kennedy Jenifer A
Bought by
Garrett Mason Y
Seller's Agent
Mark Mitchell
Dunes Properties of Chas Inc
List Price
$2,700,000
Sold Price
$2,700,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.74%
Original Mortgage
$2,675,000
Interest Rate
3.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 30, 2007
Sold by
Kennedy David D
Bought by
Kennedy Jenifer A
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 Type Sale Price Title Company
Deed $3,220,000 None Available
Deed -- None Available
Deed $2,700,000 --
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,415,000 Commercial
Previous Owner $2,675,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2020 05/11/20 Sold $3,220,000 0.0% $921 / Sq Ft
04/11/2020 04/11/20 Pending -- -- --
02/17/2020 02/17/20 For Sale $3,220,000 +19.3% $921 / Sq Ft
11/16/2016 11/16/16 Sold $2,700,000 0.0% $773 / Sq Ft
10/17/2016 10/17/16 Pending -- -- --
09/22/2016 09/22/16 For Sale $2,700,000 -- $773 / 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 $45,593 $199,200 $0 $0
2023 $45,593 $199,200 $0 $0
2022 $43,012 $199,200 $0 $0
2021 $41,245 $193,200 $0 $0
2020 $39,546 $187,800 $0 $0
2019 $36,349 $163,800 $0 $0
2017 $8,945 $108,000 $0 $0
2016 $6,886 $88,960 $0 $0
2015 $7,418 $88,960 $0 $0
2014 $7,207 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: CHS Regional MLS

MLS Number: 16025328

CHS Regional MLS

APN: 568-10-00-188