Don't miss this unique opportunity to own one of only 27 OCEANFRONT HOTEL ROOMS IN CHARLESTON at the Palms Hotel. This oceanfront condo-tel offers a revenue producing property that allows owner's to enjoy up to 28 days annually. A premier Oceanfront Balcony Room features a private furnished balcony overlooking the Atlantic Ocean w/ oversized room offering 414 sf & features a king bed, spacious seating area with sleeper sofa, separate wet bar & a dining table. Completely renovated & reimagined, The Palms Oceanfront Hotel charts a fresh new course on Isle of Palms w/ a renovation that touched every square inch of this Ocean Boulevard landmark creating a lighter & brighter aesthetic w/ whitewashed finishes & nautical accents. Additional highlights include a new pool deck w/ outdoor showers...a stylish lobby & 68 newly renovated guest rooms. Click More. This stellar location is situated within walking distance to the island's best restaurants & shopping while being only 20 minutes from Historic Downtown Charleston. Vacation getaways are a breeze with this turn-key property managed by Charleston's top hotel management company. So don't miss out on owning a slice of beachfront paradise where waking to the sights & sounds of the Atlantic Ocean are simply the norm! Relax & enjoy your investment with ease since reservations & maintenance are managed by the hotel staff! 2019 revenue $73,000+!
Listing Date: 08-18-2020
Sold Date: 11-13-2020
Aprox Days on Market: 
2 month(s), 25 day(s)
Listing Sold: 
3 Year(s), 5 month(s), 13 day(s) ago
Original Asking Price: $379,000
Asking Price: $379,000
Selling Price: $360,000
Price Difference From Original:
Reduced By $19,000
Price Difference From Asking:
Reduced By $19,000
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Community Features: Elevators
Fullbaths: 1
Levels: One
Year Built: 2000
Rent Control: No
Pool Private: Yes
Pool Features: Pool - Elevated
Garage: No
Attached Garage: No
Fireplace: No
Lot Desc: 0 - .5 Acre
Lot Size Units: Acres
Acres: 0.00
Irrigation Water Rights: Yes
Mobile Home Remains: Yes
Property Type: A
Stories: 1
Foundation: Pillar/Post/Pier
Exterior: Cement Plank
New Construction: No
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Condo Regime, Condominium
Beds: 1
Sold Date: 2020-11-13T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft: 414
Unit: 229
Water Source: Public
Utilities: Dominion Energy, IOP W/S Comm
Heating: Yes
Heat: Electric, Heat Pump
Water Sewer: Public Sewer
Cooling: Yes
Water Front Features: Beach Access, Beach Front
Waterfront: Yes
Courtesy of listing office The Boulevard Company, LLC