NOT LISTED FOR SALE

61 Ocean Point Dr Isle of Palms, SC 29451

Estimated Value: $2,943,000 - $5,548,457

4 Beds
5 Baths
5,504 Sq Ft
$838/Sq Ft Est. Value

Last Sold May 04, 2023

Last sale price $5,350,000 $972 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $30,488/month

10 Days on Market

Highlights

  • Beach Access
  • On Golf Course
  • Above Ground Pool
  • Sullivans Island Elementary School Rated A
  • Fitness Center
  • Gated Community

About This Home

As of May 2023

This grand Mediterranean inspired villa is sited on arguably the best lot in Wild Dunes! With sweeping vistas of the ocean, Dewees Inlet and Dewees Island, Cedar Creek and the Links Course, there is natural beauty framed from every window. The spectacular lot in the exclusive gated enclave of Ocean Point offers a 295 foot long edge facing the ocean across the picturesque Links Course, with another 120+ feet of frontage toward the inlet and over 200 feet of marsh and creek frontage across the back. Nestled in an oasis of palms, this home offers more privacy than any other home you will find on Isle of Palms. From the path just off the edge of the property, the beach is just a few steps away, and you will find yourself enjoying the ocean far from the crowds.More...Upon entering the soaring two-story foyer you are met by a grand entrance hall which draws your eyes toward the main attraction, the Ocean Room. The shape of this grand room offers windows on four sides to maximize light and views from outside. To the right of the entry hall there is a beautifully updated kitchen that includes pendant lights by Urban Electric, quartz counters, custom hood and cabinetry, and updated appliances. The kitchen flows into a large combination sitting and dining area that is perched along the ocean-facing side of the house. On the creek-facing side of the main floor there is a large flexible space with a fireplace, currently configured as a home office, and a cozy TV den with an attached wine room just steps from the Ocean Room. A comfortable screen porch overlooking the marsh provides a transition space from the den to the enormous travertine pool area. The elevated pool design connects the pool and outdoor entertaining space effortlessly to the house, and maximizes views in three directions from the lounge area. The end of the pool is framed by a pool house that includes a half bath, a refrigerator, TV mount and wet bar  perfect for outdoor dining and gatherings.

The primary bedroom is located on the second floor and oriented toward the sea, with large sliding doors onto a private balcony. The bedroom is generously sized with an enormous primary bath area facing toward the inlet. Two additional bedrooms with full baths occupy this floor, with views over the creek and marsh side of the home. The third floor has an additional bedroom which was converted into a gym  the half bath on that level used to be a full bath with a steam shower (that plumbing remains available behind the bathroom wall).

All levels of this spacious home are conveniently served by an elevator which lands in the ground level. With two deep garage bays and tons of storage space on this level, there is room for plenty of cars and toys. The center of the ground level includes a golf simulator room, complete with a wet bar and gold clubhouse feel. You can work on your short game on the backyard putting green!

This is the first time in this home's history that it is available to a new owner to add their own personality to one of the most significant homes along the Charleston coast, a once-in-decades opportunity!

Last Agent to Sell the Property

Legrand Elebash

William Means Real Estate, LLC License #41630 Listed on: 02/08/2023

Last Buyer's Agent

Legrand Elebash

William Means Real Estate, LLC License #41630 Listed on: 02/08/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $73,335

Year Built

  • Built in 1991

Lot Details

  • 0.89 Acre Lot
  • On Golf Course
  • Cul-De-Sac
  • Tidal Wetland on Lot

Parking

  • 3 Car Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Villa
  • Raised Foundation
  • Metal Roof
  • Stucco

Interior Spaces

  • 5,504 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Cathedral Ceiling
  • 1 Fireplace
  • Entrance Foyer
  • Great Room
  • Family Room
  • Separate Formal Living Room
  • Formal Dining Room
  • Home Office
  • Game Room
  • Sun or Florida Room
  • Exterior Basement Entry
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Dual Closets
  • Walk-In Closet

Home Security

  • Home Security System
  • Storm Windows
  • Storm Doors

Outdoor Features

  • Above Ground Pool
  • Beach Access
  • Balcony
  • Screened Patio
  • Gazebo
  • Separate Outdoor Workshop
  • Front Porch

Schools

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

Utilities

  • Central Air
  • Heat Pump System

Community Details

Overview

  • Club Membership Available
  • Wild Dunes Subdivision

Amenities

  • Clubhouse

Recreation

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

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$73,335

Year Built

Built in 1991

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Villa
  • Year Built: 1991
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.89
  • Subdivision Name: Wild Dunes
  • Directions: From The Main Gate At Wild Dunes, Right On Palmetto Drive Then Right On Ocean Point Dr Near The End Of The Island Just Past The Links Course Clubhouse. Through The Ocean Point Gate, Then Right At The ''t'' Intersection. 61 Ocean Point Is The Last Home At The End Of Ocean Point.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: 3 Stories
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 3
  • Special Features: None
  • Stories: 3

Interior Features

  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: Some Storm Door(s)
  • Fireplace Features: One
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Ceiling - Cathedral/Vaulted, High Ceilings, Elevator, Kitchen Island, Walk-In Closet(s), Wet Bar, Eat-in Kitchen, Family, Formal Living, Entrance Foyer, Game, Great, Office, Pantry, Separate Dining, Sun
  • Window Features: Some Storm Wnd/Doors
  • Master Bedroom Features: Multiple Closets, Outside Access, Walk-In Closet(s)
  • Master Bedroom Master Bedroom Level: Upper

Exterior Features

  • Roof: Metal
  • Lot Features: .5 - 1 Acre, Cul-De-Sac, On Golf Course
  • Pool Features: Pool - Elevated
  • Pool Private: Yes
  • Waterfront Features: Beach Access, Tidal Creek
  • Construction Type: Stucco
  • Exterior Features: Balcony
  • Foundation Details: Raised
  • Other Structures: None, Gazebo, Workshop
  • Patio And Porch Features: Patio, Front Porch, Screened, Wrap Around

Garage/Parking

  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Parking Features: 3 Car Garage, Off Street, Garage Door Opener
  • Total Parking Spaces: 3

Utilities

  • Cooling: Central Air
  • Laundry Features: Laundry Room
  • Security: Security System
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Dominion Energy, IOP W/S Comm
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Club Membership Available, Fitness Center, Gated, Golf Course, Golf Membership Available, Pool, Security, Tennis Court(s), Trash, Walk/Jog Trails

Schools

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

Lot Info

  • Lot Size Sq Ft: 38768.4
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 6040500109

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2023
Closed on
Apr 26, 2023
Sold by
Hulsey Paul H and Hulsey Belinda A
Bought by
Ocean Point Caye Llc and De Las Island Llc
Seller's Agent
Legrand Elebash
William Means Real Estate, LLC
Buyer's Agent
Legrand Elebash
William Means Real Estate, LLC
List Price
$5,850,000
Sold Price
$5,350,000
Premium/Discount to List
-$500,000
-8.55%
Current Estimated Value
$4,611,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$738,514
Avg. Annual Appreciation
-5.86%
Original Mortgage
$4,000,000
Outstanding Balance
$3,886,529
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$724,957

Purchase Details

Closed on
Mar 24, 2015
Sold by
Hulsey Paul A and Hulsley Belinda A
Bought by
Hulsey Paul H and Hulsey Belinda A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ocean Point Caye Llc $5,350,000 None Listed On Document
Hulsey Paul H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ocean Point Caye Llc $4,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2023 05/04/23 Sold $5,350,000 -8.5% $972 / Sq Ft
02/19/2023 02/19/23 Pending -- -- --
02/08/2023 02/08/23 For Sale $5,850,000 -- $1,063 / 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 $73,335 $321,000 $0 $0
2023 $73,335 $80,180 $0 $0
2022 $6,116 $80,180 $0 $0
2021 $6,577 $80,180 $0 $0
2020 $6,838 $80,180 $0 $0
2019 $6,097 $69,720 $0 $0
2017 $5,916 $69,510 $0 $0
2016 $21,293 $69,510 $0 $0
2015 $5,956 $69,510 $0 $0
2014 $9,855 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: CHS Regional MLS

MLS Number: 23002788

CHS Regional MLS

APN: 604-05-00-109