Isle Of Palms, SC 29451
- 3Beds
- 3Full Baths
- N/AHalf Baths
- 975SqFt
- 2000Year Built
- 0.00Acres
- MLS# 21016494
- Residential
- Single Family Attached
- Sold
- Approx Time on Market3 months, 5 days
- AreaIsle of Palms
- CountyCharleston
- Subdivision The Palms Hotel
Overview
Now is the time to own 3 or more of the 68 rooms in the beautiful Palms Hotel, one of only two ocean front hotels front beach area Isle of Palms. This is offering for hotel rooms as part of Palms hotel. Owner must participate in hotel management agreement. Hotel was renovated in 2018. Bookings and revenue for 2021 appear on pace to be ahead of 2019. Owners have limited use, up to 28 days total annually. 3 month hoa fee contribution due at closing from buyer as working capital contribution. Additional units available for possible bulk sale. Hotel rooms offered here are interior units NOT ocean front or view. Opportunity to affordably own a piece of isle of palms, collect income from hotel operations, after expenses. Pictures are of hotel property, and rooms.buyer to verify info deemed important, HOA, hotel management, taxes, expenses, income, etc. Taxes, hoa fees shown are based on current costs for 3 hotel rooms. Up to 11 rooms are potentially available
Sale Info
Listing Date: 06-18-2021
Sold Date: 09-24-2021
Aprox Days on Market:
3 month(s), 5 day(s)
Listing Sold:
3 Year(s), 1 month(s), 16 day(s) ago
Original Asking Price: $447,000
Asking Price: $480,000
Selling Price: $447,000
Price Difference From Original:
Same as Original Price
Price Difference From Asking:
Reduced By $33,000
Agriculture / Farm
Grazing Permits Forest Service: No
Grazing Permits Private: No
Grazing Permits Blm: No
Horse: No
Farm Credit Service Incl: No
Association Fees / Info
Community Features: Elevators
Bathroom Info
Fullbaths: 3
Building Info
Levels: 3 Stories
Year Built: 2000
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: Yes
Pool Features: Pool - Elevated
Garage / Parking
Gar Pkg: Off Street
Garage: No
Attached Garage: No
Green / Env Info
Interior Features
Fireplace: No
Lot Info
Lot Desc: 1 - 2 Acres
Lot Size Units: Acres
Acres: 0.00
Irrigation Water Rights: No
Offer Compensation
Other
Mobile Home Remains: No
Property Info
Property Type: A
Stories: 3
Foundation: Raised
New Construction: No
Building Area Units: Square Feet
View: No
Home Warranty: No
Habitable Residence: No
Structure Type: Condo Regime
Room Info
Beds: 3
Sale / Lease Info
Sold Date: 2021-09-24T00:00:00
Lease Renewal Option: No
Lease Considered: No
Lease Assignable: No
Special Features
Sqft Info
Sqft: 975
Unit Info
Unit: 120, 116, 320
Utilities / Hvac
Water Source: Public
Utilities: Dominion Energy, IOP W/S Comm
Heating: Yes
Water Sewer: Public Sewer
Cooling: Yes
Waterfront / Water
Water Front Features: Beach Access, Beach Front
Waterfront: Yes
Directions
Front Beach Isle Of Palms To Palms Hotel - Hotel Does Not Have On Site ParkingCourtesy of listing office The Peninsula Company, LLC
MLS# 19025514 
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Carolina One Real Estate are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 11-09-2024 10:04 PM EST .
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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