$12,800,000
Rare opportunity to own an entire oceanfront condo building located directly on the Front Beach in the heart of IOP's retail and restaurant district. This 6-unit condo building is being sold fully furnished, and all units are active, turn-key vacation rentals. Guests love the expansive ocean views from the back covered porches. Just a few steps puts you poolside or on the beach. A few more steps and you're at most of the Island's restaurants, bars, and shops. There are 6 total condo units: Four 3-BR/2.5-BA units at 1600 sq ft each (101, 102, 201, 202); one 1-BR/1-BA unit at 800 sq ft (301); and one 4-BR/3.5-BA unit at 2400 sq ft (302). Sale is for the entire building and land. Units will not be sold separately.Recent improvements include:
-New roof 2021
-Entire building painted
-All windows & sliding glass doors replaced
-All master bedroom showers replaced
-New granite and cabinets (all replaced between 2019-2021)
-All new LVT flooring (2018-2021)
-All freshly painted (2019-2021)
-Common areas sealed
-New shutters (orange)
-New fences built to create boundaries to property
-Upgraded sprinkler & fire equipment in covered garage
-New outdoor shower & bench area off beach access
-Rebuilt 75% of the beach access walk
-Pool decking resurfaced in 2023
-Painted reserve parking spaces
-All new lattice around perimeter of ground level
-Painted the property-facing side of the public bathhouse
-Improved drainage around the property
-All dryer vents replaced
-Many furnishings for each unit were upgraded
26024517
MLS
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Oceanview
SubDv.
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Active
Status
1116 Ocean Boulevard, Isle Of Palms