$600,000

Status: Active

Price Drop (-11.11%)
Waterfront
Property type: Single Family Attached
Year built: 2000
List Date: 2020-03-13
Lot Size: 0 acres
Area
950 ft2
Bedrooms
3
Half Baths
0
Full Baths
3
Days For Sale
355

Location

Amenities

  • 1 - 2 Acres
  • Beach Access
  • Beachfront
  • Cable TV Available
  • Elevators
  • Other (Use Remarks)
  • Pool - Elevated

Description

Opportunity to buy 3 Hotel rooms in The Palms Hotel, front beach Isle of Palms. This is not a ''move in and live'' real estate sale offering. This is an offering to own a piece of a limited supply, front beach hotel. Property was closed for major renovations for well over a year and re opened in January 2018. Offering is for 3 interior hotel rooms that had gross revenue of about 38k per room. Management agreement with hotel operator revenue share, condo regime fees etc come out of owner revenue. Owners may use up to 28 days total in a year subject to rules and regs. This beautiful ocean front Hotel offers continental breakfast, and on site swimming pool. Hotel does not coordinate viewings, shown by appointment only. Additional units available. HOA transfer fee applies

Listing Provided by The Peninsula Company, LLC

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James Schiller

Realtor, Brand Name Real Estate

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    1126 Ocean, Isle of Palms, SC 29451
    MLS #29451
    $600,000
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