305 Palm Blvd

Isle Of Palms, Charleston, SC · 52 days on market · View on Zillow

305 Palm Blvd

$11M somewhere else buys…

5 bedrooms · 6 baths · 4,682 sqft · 31,799 sqft lot

Built 2023 · 2 Garage spaces · Pool · $2285/sqft (city median $310)

Owner/Agent Designed by award-winning local architects Clancy Wells and masterfully built by Allen Construction, this extraordinary custom waterfront estate was completed in the fall of 2023. Created to deliver an exceptional luxury vacation experience while generating an outstanding rental income history, the home also offers every element expected of an uncompromising primary…

What this place offers

  • Private pool
  • Heating: Central, Heat Pump
  • Cooling: Central Air
  • 2 Garage spaces
  • Garage
  • Top school rating 10/10 nearby

The numbers

$35K/yr

Property tax (actual rate)

$39K/yr

Insurance (quoted)

$10,700,000

Down payment20% · $2,140,000
%
Mortgage (principal + interest)$53,543
Property tax$2,943
Home insurance$3,210
All-in monthly$59,696/mo

You'd need about $2,558,392/yr in household income (28% rule) plus $2,140,000 in cash.

Would rent for ~$4,638/mo · 0.5% gross yield

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