5 Edgewater Al Isle Of Palms, SC 29451

Listing details for 5 Edgewater Al, Isle Of Palms, SC 29451 : Welcome to 5 Edgewater Alley, located in Wild Dunes on the Isle of Palms, SC, just 12 miles from historic Charleston. Check out the new price on this upgraded, turn-key home with pool. The gross rental income for 2014 was $69,634. Projections for 2015 are $80,000 with $23,704 YTD. The rental potential is just phenomenal and here's why.The owners have meticulously maintained this investment property and have made numerous improvements to include a renovated kitchen in 2013, which included a new stainless refrigerator/freezer, dishwasher, downdraft cook-top, back-splash and granite counter-top. Floors were refinished throughout the first floor, including the steps and the exterior was repainted. In 2014 a new HVAC system was installed, some plumbing fixtures replaced in the upstairs baths, new handrails around the deck were installed and the deck repainted. A new 50-gallon gas tank was installed as was new foam insulation under the entire home, and a new landscaping plan was implemented. 5 Edgewater Alley has the flexibility to be used and enjoyed as either an income producing property now with the rental income used to pay your taxes and insurance and some mortgage expenses; and then later as a primary residence or second home. 5 Edgewater Alley also has the luxury of entry from two sides of the home – one just outside the gates along Palm Blvd, the other from with the gates of Wild Dunes, Isle of Palms' luxury resort. The first floor features an open, airy floor plan with a large entry foyer, beautiful wide-plank hardwood flooring throughout the first floor, a spacious, renovated kitchen, and a dining area that flows into a large two story great room with a fireplace. The great room has a wall of glass letting in tons of natural light and opens on either side to a large deck overlooking the pool and beautifully landscaped grounds. Also on the first floor is a large master suite with an enormous walk-in closet and a nicely appointed master bath. Upstairs are 3 additional bedrooms (2 with hardwood flooring) and two full bathrooms. At grade, there is a great recreational area that can be used as a game room, storage, extra bedroom, etc. This space opens onto the pool area and a covered area under the upper decking. 5 Edgewater Alley is situated on a private lot just a short two- minute stroll to the beach and is a part of the Wild Dunes Resort. Wild Dunes is located on the Isle of Palms, just 12 miles north of historic Charleston and is a world-renowned 1600-acre resort community, complete with two challenging Tom Fazio golf courses (ranked 'Best in State' by Golf Digest), exquisite fine dining at the Sea Island Grill, more casual dining at the Lettered Olive, the Isle of Palms Marina and more than six miles of pristine beaches, bicycle and walking paths. Wild Dunes and the Isle of Palms are enjoyed by year round residents and guests alike. Expenses are minimal and include: $748 a year to the Wild Dunes Community Association plus $100 if property is a rental. For 2014 the Home Owners Insurance is $7731, Flood is $736 and taxes were $10,058.