Price Reduction - Waterfront - Eco Friendly
Address
116 E Indian Avenue Folly Beach, SC
Price
$ 3,375,000
Property Attributes
  • MLS#21002797
  • TypeSingle Family
  • CountyCHARLESTON
  • CityFolly Beach
  • AreaFolly Beach
  • NeighborhoodFolly Beach
  • Zip29439
  • StyleContemporary
  • Price$ 3,375,000
  • Bedrooms12
  • Full Bathrooms12
  • Half Bathrooms0
  • Sqr Footage4684
  • Lot Size0.35 Acres
Listing Provided Courtesy Of:
Carolina One Real Estate
Data Source:
Charleston Trident
Property Description

Folly Beach Investor Alert - 5 UNIT RIVERFRONT property with 2 deep water slips. The Riverside Inn is a very rare opportunity on Folly Beach to own an operating Bed & Breakfast Featuring 5 units. (3 Structures, 1 SFD and 2 Duplexes' over 4500 sq ft! ) This beachside boutique property located 1 block off Center St is a rental machine full of Folly charm and being sold mostly furnished- talk about a "turn-key" business opportunity. The views from this property will rival the best Folly has to offer! Coming by boat? Great! Pull up to the docks that are being placed there as we speak! Currently set up for short-term rental use, the potential for this property has Endless opportunities or make this a one of a kind personal residence.Would make a great small event space as well. Drop your car off and golf cart or walk to the beach. The deep water dock will provide access to some of the most beautiful and protected waterways and fishing Charleston has to offer. Kayak or Paddleboard to harvest oysters or keep your boat there full time to provide a quick trip to Morris Island. Property overview: 12 newly renovated rooms that span between 3 buildings, just the experience any visitor is looking for, with each room providing it's own theme and charm. Each structure equipped with its own laundry area + Shared Outdoor Shower . Only a few blocks to the beach and restaurants of Center Street and steps to the Folly River boat landing, you truly can't beat this location. Walk Everywhere!! 4,684 sq ft 5 meters 12 rooms total BLUE HOUSE - 1617 sq ft - 5 bedroom 5 bath- each bedroom has PRIVATE access to the home and a porch - Complete with a large open kitchen and dining "Lobby" check-in area. - New HVAC TURTLES NEST - Duplex - 1,382 sq ft - Overlooks the Folly River - Unit (1) "Turtles Nest" - 2 beds 2 Bath Full kitchen - 828 sq ft - Unit (2) "Surf Shack" - 1 bed 1 bath Full Kitchen - 554 sq ft SEAFOAM DREAMS - Duplex - 1,542 sq ft - Overlooks the Folly River - Unit (1) "Drunken Sailor" 2 beds 2 bath Full Kitchen - 836 sq ft - Unit (2) "Kings Tide" 2 beds 2 bath Full Kitchen - 706 sq ft Floor Plans in attachments. P&L statement available upon request. Sale to include completion of a Deep Water Dock including 2 slips deeded to this property. (Currently permitted and construction plans in the works.) The Riverside Inn is THE perfect place for your next Folly Beach Investment. Flood Ins - approx $7,221/ year

Elementary School Middle School High School
James Island Elementary School Camp Road Middle School James Island Charter High School
Price History
2/2/2021 Listed $3,475,000
3/25/2021 3% - $3,375,000

General Features

Cooling Central, Window Unit
Elementary School James Island
Garage Features Off-Street Parking
Green Features Tankless Water Heater
High School James Island Charter
Listing Area 22 - Folly Beach to Battery Island
Middle School Camp Road
New Owned Pre-Owned
Roof Architectural, See Remarks
SF Detached Style Contemporary
Special Flood Insurance
Subdivision Folly Beach
Type Single Family Detached

Interior Features

Fireplace Description Other (Use Remarks)
Floors Ceramic Tile, Laminate, Wall to Wall Carpet, Wood
Misc. Interior Other (Use Remarks)
Stories Split-Level
Total Bedrooms 12

Exterior Features

Acreage 0.35
Exterior See Remarks, Wood Siding
Foundation Crawl Space, Slab
Lot Description Marshview, River Access, Riverfront, Riverview, Tidal Creek, Waterfront - Deep
Misc. Exterior Patio - Covered, Deck, Dock - Permit, Other (Use Remarks), Patio, Dock - Shared, Porch - Front Porch, Balcony

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 29439

Price
AVG $1.46M
$3.38M
Visits
AVG 128
346
Year Built
AVG 1984
1969
Walkscore
AVG 20
50
Data Provided by Walkscore ® not using MLS data

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