106-2C W. Arctic Avenue Folly Beach, SC 29439
List Price: $370,500
**NEW***WELL PRICED OCEAN VIEW CONDO!! This gorgeous (3) bedroom, (3) baths, 1,352 sq. ft unit situated in Pavilion Watch is directly across the street from the Atlantic Ocean! When I say directly, I MEAN DIRECTLY! Some consider these units Beachfront for the ones with unobstructed views! Located on the 1st Block of the West End its just a stone’s throw from Center Street, the HUB of Folly Beach. Being so close to the “strip”, it provides amazing access to Folly’s restaraunts, shops, fishing pier and Folly’s vibrant nightlife! The close proximity to Center Street seems to be a major request from most renters which in turn helps to maxmimize the property’s rental income! Pavilion Watch offers some of the best amenities that any complex on Folly has to offer. These include but are not limited to: gate, assigned covered parking, elevators, tennis court, swimming pool etc..Folly Island also has a public park, basketball court, tennis courts and boat landing! Let’s discuss pricing!So far YTD, the Folly Beach Market has been picking up tremendously and we may be at rock bottom pricing! Once upon a time these units were in such high demand that you literally had to go door to door to see if someone was willing to sell! Though we are far from the glory days, this property is priced well for today’s market! With a GROSS income of around $55,000+ from Jan 1st, 2010-Dec 31st, 2011 and (7) weeks reserved by the owner, this property pulls in around an 8-9% ROI (GROSS). That is very strong considering the lower financial risk than an Oceanfront Home that may have a track record of 10% ROI GROSS. If you are looking for fixed income then you could also put the property in a Long Term program which historically has shown a strong demand for these units! It truly is a versatile listing! Upon entering the home, you are greeted by the GORGEOUS HARDWOODS! A must for any good Beach property is a functional floor-plan. Dont fear because we have you covered! The guest bedrooms, both with their own bath, are situated on each side of the unit near the entrace (street side) with a hallway leading you toward the main living space and focal point of any Beach property, OCEAN VIEWS! The kitchen/dining/living combo provides a modern feel and capitalizes on the atmosphere that the only a Beach can offer. With outside access provided from the Living Room & a deck that has more than enough room for the family to catch the cool OCEAN BREEZE, you couldnt imagine a better place to escape from the huslte & bustle of your daily life! The LARGE Master Bedroom or MASTER SUITE boasts GORGEOUS VIEWS, walk-in closet, outside access & a large MASTER BATHROOM with tile flooring, Garden Tub and stand-up shower! The kitchen is equipped with granite counter-tops a breakfast bar and ALL appliances CONVEY! Not only do all appliances convey at this price but so do ALL THE FURNISHINGS! Whether you are an Agent or Buyer, dont be left standing on the sidelines and make an APPT to see this listing
Please dont hesitate to contact The Fred Holland Team with any of your Real Estate questions! Joshua Brandner, REALTOR, josh@fredhollandrealty.com (843) 343-1307
Tags: beachfront, charleston, condo, folly beach, for sale, house, Property
Avg. Sales Price: $202000
Avg. Days on Market: 118
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