201 W Arctic Ave #212 Folly Beach, SC 29439

Listing details for 201 W Arctic Ave #212, Folly Beach, SC 29439 : Beautiful oceanfront property at Folly Beach, SC. Just 15 minutes from historic, romantic Charleston, SC. Charleston Oceanfront Villas looks out on the Atlantic Ocean and is within walking distance of the Folly Pier, dining and entertainment. This condo, with gross revenue of $72,151 in 2015 is the second highest 3 bedroom income producer managed by us at COV. The building was completely renovated in 2008 at a cost of $4.5 million. New stucco and deck surfaces on the ocean side as well as new paint and deck surfaces on the street side. Upgraded swimming pool are for both pools. The seawall now meets FEMA 100 year surge requirements. This is saving homeowners over $5,000 a year in insurance costs. Regime fees and insurance costs are probably the lowest on the east coast.The property taxes are low compared with the rest of the eastern seaboard. We have high reserves designed to help pay for anticipated future capital expenses. The board commissions a capital reserve study approx. every five years in order to plan for future capital expenses. The City of Folly Beach and the Corps of Engineers signed a 50 year beach renourishment program in 1993. There are great relaxing ocean views from inside the condo living area and master bedroom, outside on the deck, from the pools and the beach. This marvelous gated community has two elevators for your use. In addition to the monthly regime fee, there is an annual insurance assessment fee of $1,806 for 2016.