Now is the time to own 3 or more of the 68 rooms in the beautiful Palms Hotel, one of only two ocean front hotels front beach area Isle of Palms. This is offering for hotel rooms as part of Palms hotel. Owner must participate in hotel management agreement. Hotel was renovated in 2018. Bookings and revenue for 2021 appear on pace to be ahead of 2019. Owners have limited use, up to 28 days total annually. 3 month hoa fee contribution due at closing from buyer as working capital contribution. Additional units available for possible bulk sale. Hotel rooms offered here are interior units NOT ocean front or view. Opportunity to affordably own a piece of isle of palms, collect income from hotel operations, after expenses. Pictures are of hotel property, and rooms.buyer to verify info deemed important, HOA, hotel management, taxes, expenses, income, etc. Taxes, hoa fees shown are based on current costs for 3 hotel rooms. Up to 11 rooms are potentially available
Listing courtesy of CTAR / Tim Rogers / The Peninsula Company, LLC
Last checked:
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Last updated Aug 29, 2023
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MLS# 21016494 —
The Building
Year Built:
2000
New Construction:
false
Structure Type:
Condo Regime
Levels:
3 Stories
Foundation Details:
Raised
Building Area Total:
975
Building Area Units:
Square Feet
Interior
Stories:
3
Fireplace:
false
Location
Directions:
Front Beach Isle Of Palms To Palms Hotel - Hotel Does Not Have On Site Parking
Latitude:
32.784848
Longitude:
-79.788558
The Property
Property Type:
Residential
Property Sub Type:
Single Family Attached
Property Attached:
true
Lot Features:
1 - 2 Acres
Waterfront:
true
Waterfront Features:
Beach Access
Lot Size Units:
Acres
Listing Agent
Contact info:
No listing contact info available
Beds
Bedrooms Total:
3
Baths
Full Baths:
3
The Listing
Buyer Agency Compensation:
3.00
Heating & Cooling
Cooling:
true
Cooling:
Central Air
Heating:
true
Utilities
Utilities:
Dominion Energy
Sewer:
Public Sewer
Water Source:
Public
Schools
Community Features:
Elevators
Elementary School:
Sullivans Island
Middle Or Junior School:
Moultrie
High School:
Wando
The Community
Subdivision Name:
The Palms Hotel
Pool Private:
true
Pool Features:
Pool - Elevated
Parking
Garage:
false
Carport:
false
Parking Features:
Off Street
Any use of search facilities of CTMLS data on this site, other than by a consumer looking to purchase real estate, is prohibited. Properties provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data deemed reliable but not guaranteed accurate by the MLS.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date
Event
Source
Price
% Change
9/24/21
Sep 24, 2021
Sold
CTAR
$447,000
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House
Sold
on 9/24/2021
$447,000
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Listing provided by broker:
Tim Rogers
The Peninsula Company, LLC
Listing Agents and Buyer’s Agents represent the two sides of a real estate transaction. As a Seller of a home, your Listing Agent represents your interests and will advise, consult and follow your instructions to sell your property at the best possible price and terms.
If you’re a Buyer, a Buyer’s Agent advises you throughout the transaction, helping you get the best deal and advocating for you. The Buyer’s Agent commission is also paid by the Seller, so the Buyer never sees a bill for their service.
Many first time Buyers believe they can work without a Buyer’s Agent and instead use the same agent as the Seller. When both Buyer and Seller use the same agent, known as “dual agency”, it can sometimes save on fees, but it also puts the agent in a conflict of interest, not fully representing either party.
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Any use of search facilities of CTMLS data on this site, other than by a consumer looking to purchase real estate, is prohibited. Properties provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data deemed reliable but not guaranteed accurate by the MLS.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
Checking…
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Last updated Aug 29, 2023
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