5802 Palmetto Dr Unit B-501 Isle of Palms, SC 29451
3
Beds
3
Baths
1,615
Sq Ft
2007
Built
Highlights
- Marina
- Boat Ramp
- Golf Course Community
- Sullivans Island Elementary School Rated A
- Beach Access
- Fitness Center
About This Home
As of May 2025This luxurious fifth floor oceanfront three bedroom, three full bath condominiums was celebrated as the very first selection during the 2007 release of the then The Village at Wild Dunes; now in a well managed turn-key hotel style by world renown Destination Hotels and its newly organized and professional Wild Dunes Rental Department, it was renamed as The Residence at Sweetgrass. This beautiful three bedroom suite, with two large King Beds and one two queen beds, all with separate full baths is situated high on the fifth floor. offering from your covered balcony, panoramic views of the blue azure seas of the Atlantic as you gaze across the picturesque rooftops of the Grand Pavilion homes, accentuated with that downtown Charleston architectural scheme. The main three bedroom suite'slegal address is B-501. The one bedroom off from the main suite, has its own separate entrance, and is B-503 for rental and hotel purposes only. This one bedroom with two queen beds and separate bath, is occasionally rented separately, while the two bedroom main suite is also rented. This two bedroom, one bedroom lockout offers great options to Wild Dunes Rentals, and to you as an owner. It is primarily rented as a three bedroom with its private entrance as B-501, used by rental guests, yet often blocked out for family use while vacationing at the beach. Destination Hotels has just completed a beautiful 150 room Hyatt Hotel, with a convention style atmosphere, great concierge service, a hospitality suite, spa, rooftop bar on the sixth floor with panoramic views of the Atlantic and the lighthouse on Sullivan's Island, located across Breach Inlet. Behind the hotel is an array of resort style amenities from pools, open grill, hot tub, a firepit to enjoy when the sun sets, and lots more. It was well designed in sync with the Residence at Sweetgrass, adjoining each other, and
it and all of its amenities are always available to the owners, its
family and rental guests as part of the Wild Dunes Rental Program. Wild Dunes itself is one of the most highly acclaimed oceanfront resorts on the East Coast, a private gated community, offering two eighteen hole Championship golf course with Bermuda greens and fairways, one the highly acclaimed Links
Course, with a beautiful clubhouse and driving range, situated on the north side of the resort; with it two finishing holes looking out to Dewees Inlet. The second course, the Harbor Course, is directly across the street from the Residence at Sweetgrass, and has a heated 25 meter lap pool, a pro shop with deli, and eighteen challenging holes, with a scenic landscape of indigenous plants and trees, lagoons, and breathtaking holes along the Intracoastal Highway. If you enjoy world class tennis, Wild Dunes, host of the 1988 and 1989 US Men's Clay Court Championship, where nineteen year old Andre Agassi won his first major at Center Court; you have come to the right place, to enjoy both tennis and pickleball. In addition to the Sweetgrass Inn, the resort has another beautiful hotel, the Boardwalk Inn, with special dining at the Coastal Provision. Directly behind this hotel is a private heated pool only for adults, with private gazebos to relax and enjoy. It was developed as Wild Dunes first hotel, with a well designed board walk accentuated with private Boardwalk homes leading out to a large roof top gazebo and two large pools, offering a coastal style bar and grill, looking out to a beautiful white sand beach,
adorned with beautiful Grand Pavilion homes and two croquet lawns. On the backside of the resort, along the intracoastal waterway and Morgan Creek are the scenic Marshlands, with
beautiful designed homes, giving you a feeling of residential resort communities within a gated well secured resort. Hurry, to preview
B-501 and B-503 at the Residence at Sweetgrass. It was priced to sell quickly, and is regarded as on of the best three bedroom suites located at this beautiful resort hotel condominiums. As the first selection in a lottery type drawing, it was the top choice then, and the owners are excited to market and sale it to, they feel, as the top choice now.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,754
Year Built
- Built in 2007
HOA Fees
- $69 Monthly HOA Fees
Parking
- Off-Street Parking
Home Design
- Raised Foundation
- Metal Roof
- Masonry
Interior Spaces
- 1,615 Sq Ft Home
- Smooth Ceilings
- Ceiling Fan
- Window Treatments
- Combination Dining and Living Room
- Wood Flooring
- Dishwasher
- Stacked Washer and Dryer
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
Home Security
- Storm Windows
- Storm Doors
- Fire Sprinkler System
Outdoor Features
- Beach Access
- Balcony
Location
- Property is near a bus stop
Schools
- Sullivans Island Elementary School
- Moultrie Middle School
- Wando High School
Utilities
- Cooling Available
- Heat Pump System
Community Details
Overview
- Front Yard Maintenance
- Club Membership Available
- Wild Dunes Subdivision
- 5-Story Property
Amenities
- Clubhouse
- Elevator
Recreation
- Boat Ramp
- Marina
- Golf Course Community
- Golf Course Membership Available
- Tennis Courts
- Fitness Center
- Community Pool
- Trails
Security
- Security Service
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 17, 2025
Closed on
May 28, 2025
Sold by
Shores Nathan J and Shores Anne M
Bought by
Ratliff Donald R and Ratliff Mary Elizabeth
Seller's Agent
Amanda Dunn
Wild Dunes Real Estate, LLC
Buyer's Agent
Rob Hauff
Wild Dunes Real Estate, LLC
List Price
$1,549,000
Sold Price
$1,480,000
Premium/Discount to List
-$69,000
-4.45%
Views
4
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-58.65%
Purchase Details
Listed on
Jul 10, 2022
Closed on
Sep 1, 2022
Sold by
B501 Village At Wild Dunes Llc
Bought by
Shores Nathan J and Shores Anne M
Seller's Agent
Betty Gales
EXP Realty LLC
List Price
$1,200,000
Sold Price
$1,075,000
Premium/Discount to List
-$125,000
-10.42%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.38%
Original Mortgage
$575,000
Interest Rate
5.63%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 23, 2008
Sold by
Wdr Phase One Llc
Bought by
B501 Village At Wild Dunes Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,720
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Isle of Palms, SC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,480,000 | None Listed On Document | |
| Deed | $1,480,000 | None Listed On Document | |
| Deed | $1,075,000 | -- | |
| Deed | $1,075,000 | -- | |
| Deed | $1,300,900 | -- | |
| Deed | $1,300,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $575,000 | New Conventional | |
| Previous Owner | $902,000 | Commercial | |
| Previous Owner | $1,040,720 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2025 05/30/25 | Sold | $1,480,000 | -4.5% | $916 / Sq Ft |
| 04/21/2025 04/21/25 | For Sale | $1,549,000 | +44.1% | $959 / Sq Ft |
| 09/03/2022 09/03/22 | Off Market | $1,075,000 | -- | -- |
| 09/02/2022 09/02/22 | Sold | $1,075,000 | -10.4% | $666 / Sq Ft |
| 07/29/2022 07/29/22 | Pending | -- | -- | -- |
| 07/10/2022 07/10/22 | For Sale | $1,200,000 | -- | $743 / 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 | $11,241 | $48,380 | $0 | $0 |
| 2022 | $8,853 | $40,370 | $0 | $0 |
| 2021 | $8,754 | $40,370 | $0 | $0 |
| 2020 | $8,635 | $40,370 | $0 | $0 |
| 2019 | $7,923 | $35,100 | $0 | $0 |
| 2017 | $7,566 | $35,100 | $0 | $0 |
| 2016 | $7,265 | $35,100 | $0 | $0 |
| 2015 | $6,916 | $35,100 | $0 | $0 |
| 2014 | $8,887 | $0 | $0 | $0 |
| 2011 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Amanda Dunn
A
Seller's Agent in 2025
Amanda Dunn
Wild Dunes Real Estate, LLC
(704) 604-2353
12 in this area
12 Total Sales
-
Rob Hauff
R
Buyer's Agent in 2025
Rob Hauff
Wild Dunes Real Estate, LLC
(704) 441-5909
10 in this area
10 Total Sales
-
Betty Gales
Seller's Agent in 2022
Betty Gales
EXP Realty LLC
(843) 270-8193
23 in this area
31 Total Sales
Map
Source: CHS Regional MLS
MLS Number: 22018516
APN: 604-10-00-537
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