NOT LISTED FOR SALE

Shipwatch 7600 Palmetto Dr Unit 432 Isle of Palms, SC 29451

Estimated Value: $1,460,000 - $1,752,000

3 Beds
3 Baths
1,616 Sq Ft
$992/Sq Ft Est. Value

Last Sold October 28, 2020

Last sale price $875,000 $541 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $9,872/month

122 Days on Market

Highlights

  • Beach Front
  • Golf Course Community
  • Gated Community
  • Sullivans Island Elementary School Rated A
  • Two Primary Bedrooms
  • Clubhouse

About This Home

As of October 2020

This is a rare opportunity to not only buy a direct oceanfront penthouse, but this is also a top floor end unit in Shipwatch! This well cared for open floorplan offers three balcony porches with gorgeous expansive views. Located in the D building at Shipwatch on the pool end, situated directly parallel with the ocean, enjoy gorgeous sunrises every morning. This three bedroom and three bath penthouse offers a large open kitchen/dining and living area and each bedroom has its own bathroom. The Master bedroom has direct ocean views from its own private balcony. Sip your coffee while watching the sunrise every morning. The second bedroom upstairs offers its own private balcony with phenomenal sunset views. Never rented and the owners enjoy this penthouse as a 2nd home.If interested in renting, this would be a magnificent rental and the rental #'s are strong at Shipwatch. The penthouse units have the potential to gross over $100K in rental income. With the exception of a few personal items, the condo comes fully furnished and stocked for turnkey possession. The expansive beach at Shipwatch offers plenty of room to relax by the ocean. Shipwatch offers one of the largest pools on the island exclusive to Shipwatch owners and renters only. Relax at the Shipwatch beach gazebo with an observation deck and one of only two playgrounds featured within Wild Dunes Resort. Shipwatch is also one of the few Wild Dunes communities with an on-site manager. This penthouse is a must see!

Last Agent to Sell the Property

Melissa Martin

The Exchange Company, LLC License #40078 Listed on: 05/21/2020

Last Buyer's Agent

Holly Gamble-Bryant

Front Door Realty License #10776

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,221

Year Built

  • Built in 1984

Lot Details

  • Beach Front

HOA Fees

  • $69 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Raised Foundation
  • Metal Roof
  • Stucco

Interior Spaces

  • 1,616 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Entrance Foyer
  • Combination Dining and Living Room
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Double Master Bedroom
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Covered patio or porch

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

Amenities

  • Clubhouse
  • Elevator
  • Community Storage Space

Recreation

  • Golf Course Community
  • Golf Course Membership Available
  • Tennis Courts
  • Community Pool
  • Park
  • Trails

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,221

Year Built

Built in 1984

Lot Details

0

HOA Fees

$69 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Year Built: 1984
  • Property Sub Type: Single Family Attached
  • Ownership: Condominium
  • Subdivision Name: Wild Dunes
  • Directions: Enter Through The Main Gate Of Wild Dunes. Stay To The Right On Palmetto Drive, Shipwatch Is 1.75 Miles On Your Right Hand Side. Building D, 4th Floor End Unit On The Right Hand Side (closer To Pool)
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 1
  • Structure Type: Condo Regime, Condominium
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Ceiling Fan(s), Entrance Foyer, Living/Dining Combo, Pantry
  • Window Features: Window Treatments
  • Master Bedroom Features: Ceiling Fan(s), Dual Masters

Exterior Features

  • Roof: Metal
  • Waterfront Features: Beach Front
  • Waterfront: Yes
  • Construction Type: Stucco
  • Exterior Features: Balcony
  • Foundation Details: Raised
  • Patio And Porch Features: Covered
  • Property Condition: Pre-Owned

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: No
  • Parking Features: 1 Car Garage, Attached
  • Total Parking Spaces: 1

Utilities

  • Laundry Features: Laundry Room
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Dominion Energy
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Club Membership Available, Elevators, Gated, Golf Course, Golf Membership Available, Lawn Maint Incl, Park, Pool, Security, Storage, Tennis Court(s), Trash, Walk/Jog Trails
  • Association Fee: 824
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 6041200361
  • Tax Annual Amount: 7221.07

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2020
Closed on
Oct 26, 2020
Sold by
432 D Shipwatch Llc
Bought by
Ritenour Chad W
Seller's Agent
Melissa Martin
The Exchange Company, LLC
Buyer's Agent
Holly Gamble-Bryant
Front Door Realty
List Price
$875,000
Sold Price
$875,000
Current Estimated Value
$1,613,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$738,023
Avg. Annual Appreciation
13.10%
Original Mortgage
$656,250
Outstanding Balance
$595,835
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$980,435

Purchase Details

Closed on
Apr 21, 2004
Sold by
Ritter Jarrell D and Ritter Emma Lou
Bought by
432 D Shipwatch 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
Ritenour Chad W $875,000 None Available
432 D Shipwatch Llc $750,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ritenour Chad W $656,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2020 10/28/20 Sold $875,000 0.0% $541 / Sq Ft
09/28/2020 09/28/20 Pending -- -- --
05/21/2020 05/21/20 For Sale $875,000 -- $541 / 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 $11,647 $50,160 $0 $0
2023 $11,647 $50,160 $0 $0
2022 $10,314 $47,160 $0 $0
2021 $10,197 $47,160 $0 $0
2020 $7,868 $36,710 $0 $0
2019 $7,221 $31,920 $0 $0
2017 $6,894 $31,920 $0 $0
2016 $6,620 $31,920 $0 $0
2015 $6,302 $31,920 $0 $0
2014 $8,662 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Melissa Martin

    Seller's Agent in 2020

    Melissa Martin

    The Exchange Company, LLC

    (843) 425-7819

    9 in this area

    94 Total Sales

    Section Image

  • H

    Buyer's Agent in 2020

    Holly Gamble-Bryant

    Front Door Realty

    (888) 908-5484

    1 in this area

    31 Total Sales

    Section Image
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About Shipwatch

Map

Source: CHS Regional MLS

MLS Number: 20013795

CHS Regional MLS

APN: 604-12-00-361

South Carolina Charleston County Isle Of Palms 29451

7600 Palmetto Dr Unit 432, Isle Of Palms, SC

This home is located at 7600 Palmetto Dr Unit 432, Isle of Palms, SC 29451 since 21 May 2020 and is currently estimated at $1,603,104, approximately $992 per square foot. This property was built in 1984. 7600 Palmetto Dr Unit 432 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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