1126 Ocean Boulevard Isle Of Palms, SC 29451
Opportunity to buy into ownership at the beautiful Palms Hotel, one of only two ocean front hotels front beach area Isle of Palms. This is offering for a hotel room as part of Palms hotel. Owner must participate in hotel management agreement. Offering at list is over a 7.25 % NOI. This is NOT an opportunity to move into the property. This is buying a room in a fully operational ocean front hotel. Owners have limited use, up to 28 days total annually. 3 month hoa fee contribution due at closing from buyer as working capital contribution. Hotel room offered here is an interior unit 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 room. Viewings are limited.Hotel Rooms are not eligible for most traditional forms of financing. Most all sales on this product are in cash.
- Property TypeCondo
- NeighborhoodN/A
- CountyCharleston
- Taxes$997
- HOA/Condo/Coop Fees$364
- Days on Site168 Days
- MLS StatusActive
- MLS ID Number24000860
- Home Size Source N/A
- Year Built2000
- Lot Size0 Acres
- Full Baths1
- Partial BathsN/A
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General Features
- Parking Other ( Use Remarks)
- Sewer Public Sewer
- Number of Stories 3
- Acreage 0
- Water Public
- Property Sub Type Condominium
- Garage Spaces 0
- Foundation Raised
Interior Features
- Cooling Central Air
- Heating Electric
- Fireplace No
Exterior Features
- Pool true
- Pool Features Pool - Elevated
- Waterfront Property Yes
- Waterfront Features Beach AccessBeach Front
- Private Pool true
- Other Structures None
Community Features
- Association Dues 364.58
- MLS Area 44 - Isle of Palms