Isle of Palms home sells for $6.4 million, breaking record - Tucson News Now

Isle of Palms home sells for $6.4 million, breaking record

(source: Ellis Creek Photography) (source: Ellis Creek Photography)
ISLE OF PALMS, SC (WCSC) -

Daniel Ravenel Sothby's International Realty announced a record-breaking home sale on the Isle of Palms Wednesday.

The 6758 square foot property on Ocean Boulevard, which is considered to be the most exclusive stretch of oceanfront real estate, sold at $6.4 million and was paid for in a cash transaction.

This translates to $947 per square foot.

The sale represents the highest price ever paid for a single-family home on the Isle of Palms, according to Charleston Trident Multiple Listing Service.

The home is situated on a 1.45-acre oceanfront lot, has six bedrooms and five bathrooms.

Interior furnishes include an indoor theater system, private wine tasting room, large oceanfront master bedroom and even a putting green.

"We have seen a notable upswing in demand for high-caliber beachfront homes on both Sullivan's Island and Isle of Palms, which are in very limited supply right now," according to Middleton Rutledge, who specializes in listing exclusive, luxury waterfront and historic property. “We are now piercing the six million dollar price point on the Isle of Palms and Sullivan's with products of this quality and finish. When you compare this to other luxury oceanfront markets, Charleston’s barrier island market is well positioned for continued growth,"

According to Charleston Trident Multiple Listing Service, Daniel Ravenel Sotheby's International Realty currently holds the record for the highest price pain in Downtown Charleston, $7.7 million, Kiawah Island, $15.25 million, and now on Isle of Palms

Copyright 2017 WCSC. All rights reserved.

  • Local newsMore>>

  • Campaign underway to register 200K new voters in Arizona

    Campaign underway to register 200K new voters in Arizona

    Sunday, July 22 2018 11:53 PM EDT2018-07-23 03:53:12 GMT
    (Source: Tucson News Now)(Source: Tucson News Now)
    (Source: Tucson News Now)(Source: Tucson News Now)

    A group aimed at getting more people to vote in Arizona is on a mission to register thousands of new voters by this fall.  ONE Arizona announced the launch of the statewide effort earlier this month. The goal is to have 200,000 new voters registered by the November midterms. Pima County plays a role in that with a goal of 30,000 new registered voters.

    A group aimed at getting more people to vote in Arizona is on a mission to register thousands of new voters by this fall.  ONE Arizona announced the launch of the statewide effort earlier this month. The goal is to have 200,000 new voters registered by the November midterms. Pima County plays a role in that with a goal of 30,000 new registered voters.

  • BREAKING

    BREAKING: Man killed & deputies identified in shooting in Casino Del Sol parking lot on Saturday night

    BREAKING: Man killed & deputies identified in shooting in Casino Del Sol parking lot on Saturday night

    Sunday, July 22 2018 11:50 PM EDT2018-07-23 03:50:14 GMT
    An armed suspect was killed Saturday night in a deputy-involved shooting in a parking lot outside of a casino in Pima County. (Source: Tucson News Now)An armed suspect was killed Saturday night in a deputy-involved shooting in a parking lot outside of a casino in Pima County. (Source: Tucson News Now)

    Late Saturday, July 21, 39-year-old Vincent James Ewer II died in a deputy-involved shooting in a parking lot at Casino Del Sol. 

    Late Saturday, July 21, 39-year-old Vincent James Ewer II died in a deputy-involved shooting in a parking lot at Casino Del Sol. 

  • TPD: Homeless camp founder arrested in Tucson

    TPD: Homeless camp founder arrested in Tucson

    Sunday, July 22 2018 11:09 PM EDT2018-07-23 03:09:28 GMT
    He was arrested Sunday for trespassing and an outstanding warrant (Source: TPD).He was arrested Sunday for trespassing and an outstanding warrant (Source: TPD).
    He was arrested Sunday for trespassing and an outstanding warrant (Source: TPD).He was arrested Sunday for trespassing and an outstanding warrant (Source: TPD).

    Police arrested the founder of a camp and outreach program meant to help homeless veterans. Michael "Lewis Arthur" Meyer was booked into the Pima County Jail on Sunday, according to department spokeswoman Sgt. Kim Bay.

    Police arrested the founder of a camp and outreach program meant to help homeless veterans. Michael "Lewis Arthur" Meyer was booked into the Pima County Jail on Sunday, according to department spokeswoman Sgt. Kim Bay.

Powered by Frankly