NOT LISTED FOR SALE

87 Center St Folly Beach, SC 29439

Estimated Value: $4,760,963

1 Bed
1 Bath
3,300 Sq Ft
$1,443/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $2,950,000 $894 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $27,929/month

Highlights

  • No Heating
  • James Island Elementary School Rated A-
  • 2-minute walk to Folly River Park

About This Home

As of January 2021

Unique opportunity on Folly Beach to own operating Bed & Breakfast in the heart of Center Street. Property currently has seven rooms used for short-term rental, office/lobby area, full kitchen and private owner suite. Grounds of the property include custom pool and large courtyard with covered area for entertaining. Property is located just a few short blocks from the beach and features stunning sunset views along the Folly River from all floors. The owners truly spared no expense in the construction of the property and have everything dialed in to be on of the top destinations in the Charleston area either for your rental guest or personal friends and family. 87 Center is set up for its current short-term rental use, multi-purpose possibilities or a one of a kind personal residence.

Last Agent to Sell the Property

Alex Hunter

Carolina One Real Estate Folly Beach License #85476 Listed on: 10/15/2020

Carolina One Real Estate Folly Beach

Co-Listed By

Oliver Mathewes

Carolina One Real Estate License #18846

Last Buyer's Agent

Laurie Hull

Dunes Properties of Chas Inc License #84809

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,261

Year Built

  • Built in 2018

Lot Details

  • 0.25 Acre Lot

Parking

  • 2 Car Garage
  • Open Parking

Home Design

  • 3,300 Sq Ft Home
  • Pillar, Post or Pier Foundation
  • Metal Roof
  • Masonite

Schools

  • James Island Elementary And Middle School
  • James Island Charter High School

Utilities

  • No Cooling
  • No Heating

Community Details

  • Folly Beach Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,261

Year Built

Built in 2018

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2018
  • Lot Size Acres: 0.25
  • Co List Office Mls Id: 1190
  • Co List Office Phone: 843-795-7810
  • Subdivision Name: Folly Beach
  • Directions: Upon Crossing Bridge Onto Folly Beach Property Is Located Directly On Your Right Just Past Boat Ramp.
  • Garage Yn: No
  • New Construction: No
  • Structure Type: More than 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Roof: Metal
  • Construction Type: Masonite
  • Foundation Details: Pillar/Post/Pier
  • Property Condition: Pre-Owned

Garage/Parking

  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: 2 Car
  • Total Parking Spaces: 2

Utilities

  • Cooling Y N: No
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Charleston Water Service
  • Water Source: Public

Schools

  • Elementary School: James Island
  • High School: James Island Charter
  • Middle Or Junior School: James Island

Lot Info

  • Lot Size Sq Ft: 10890
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 3281000062

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2020
Closed on
Jan 15, 2021
Sold by
Fobe Group Llc
Bought by
Hotel Folly Llc
Seller's Agent
Alex Hunter
Carolina One Real Estate Folly Beach
Buyer's Agent
Laurie Hull
Dunes Properties of Chas Inc
List Price
$2,950,000
Sold Price
$2,950,000
Current Estimated Value
$4,760,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,810,963
Avg. Annual Appreciation
10.67%
Original Mortgage
$2,212,500
Outstanding Balance
$1,974,664
Interest Rate
2.71%
Mortgage Type
Commercial
Estimated Equity
$2,786,299

Purchase Details

Closed on
Jun 30, 2017
Sold by
Dennis James Curtis
Bought by
Fobe Llc

Purchase Details

Closed on
Sep 28, 2016
Sold by
First Citizens Bank & Trust Company
Bought by
Dennis James Curtis and Clark Sunnee Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,750
Interest Rate
3.46%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 23, 2014
Sold by
Center Street Folly Beach Llc
Bought by
First Citizens Bank & Trust Company Inc

Purchase Details

Closed on
May 27, 2005
Sold by
The Beach House Llc
Bought by
Center Street Folly Beach Llc
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
Hotel Folly Llc $2,950,000 None Available
Fobe Llc -- None Available
Dennis James Curtis $475,000 --
First Citizens Bank & Trust Company Inc -- --
Center Street Folly Beach Llc $1,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hotel Folly Llc $2,212,500
Previous Owner Dennis James Curtis $308,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2021 01/15/21 Sold $2,950,000 0.0% $894 / Sq Ft
10/16/2020 10/16/20 Pending -- -- --
10/15/2020 10/15/20 For Sale $2,950,000 -- $894 / 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 $32,261 $132,760 $0 $0
2023 $32,261 $177,000 $0 $0
2022 $40,539 $177,000 $0 $0
2021 $12,096 $61,510 $0 $0
2020 $11,997 $61,510 $0 $0
2019 $15,931 $61,530 $0 $0
2017 $3,066 $13,680 $0 $0
2016 $3,937 $18,250 $0 $0
2015 $3,739 $18,250 $0 $0
2014 $3,134 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Alex Hunter

    Carolina One Real Estate Folly Beach

    (843) 795-7810

    10 in this area

    16 Total Sales

    Alex Hunter
    Section Image
  • Oliver Mathewes

    Seller Co-Listing Agent in 2021

    Oliver Mathewes

    Carolina One Real Estate

    (843) 494-2843

    1 in this area

    54 Total Sales

    Oliver Mathewes
    Section Image

  • L

    Buyer's Agent in 2021

    Laurie Hull

    Dunes Properties of Chas Inc

    (843) 588-3800

    11 in this area

    25 Total Sales

    Laurie Hull
    Section Image
See All Agents

Map

Source: CHS Regional MLS

MLS Number: 20028402

CHS Regional MLS

APN: 328-10-00-062

South Carolina Charleston County Folly Beach 29439

87 Center St, Folly Beach, SC

This home is located at 87 Center St, Folly Beach, SC 29439 since 15 October 2020 and is currently estimated at $4,760,963, approximately $1,442 per square foot. This property was built in 2018. 87 Center St is a home located in Charleston County with nearby schools including James Island Elementary School, Camp Road Middle, and Septima P Clark Corporate Academy.

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

Nearby Homes