Tag: Beachfront

Looking for a rare opportunity to own expansive beachfront property on Sullivans Island?  This stunning 4 bedroom, 4.5 bathroom, 4,143 square foot home, is in an ideal location.  It is situated on a large half acre lot with mature landscaping and sweeping circular driveway. Renovated by Daly & Sawyer in 2010, this home has a very livable floorplan with many custom features and upgrades. A grand living/dining room with soaring ceilings, custom trim and expansive views over looking the pool and yard is just off the entry. Kitchen, den and sunroom are on the left side of the main level. Kitchen is centrally located and complete with Subzero refrigerator, large center island and eat in banquette. The light-filled sunroom has a brick floor, skylights and two walls of windows with views of the outdoor living areas, pool and large lawn.  Adjacent to the sunroom and kitchen is a cozy den with fireplace and builtins. The master suite and one secondary bedroom are on the other side of the main level. Master suite has sweeping views and french door leads to the deck. Expansive back porch facing the ocean overlooks the pool and additional deck below. Easy access to the outdoor shower, garage, and abundant storage below the house. The second floor has a living area, two additional bedrooms with private baths and porch with ocean views.

For more information on this property or others like it, contact listing agent Laurie Thornhill or stop by our Isle of Palms office.

Are you interested in Folly Beach, SC oceanfront real estate, including homes, lots, and condos?  Below is a market update to keep you current on what is happening here on the beach.

Number of oceanfront sales by year:

There have been more sales through 6 months of 2010, than 2008 or 2009.

Instant Analysis:

The results have been helped by lower prices.  If you can afford a beach house, you buy one right?
In the recent past there were less buyers in the market which has caused prices to come down.  But at some point it just seems worth it to purchase.  We have seen cases where the price is so low that buyers who wanted it, grabbed it.

There have been opportunities to purchase that smart buyers have taken advantage of.

These people were already poised to make a move.  They had previewed the market and knew what they were looking for because searching for an oceanfront home does take a little time.  They also knew they had leverage as a buyer and worked with an experienced Folly Beach agent.  Will you be ready when the next good opportunity comes around?

It is true that the good stuff has been purchased and right now there is less to choose from.

From recent showing activity, those opportunities may be passing us by.  $1 million does not go as far as it recently did.  This would be natural in a recovery, and could lead to higher housing prices.  Do you want to take advantage while you can?

To find out more about buying a home or what your Folly Beach home is worth contact Vince Perna – Dunes Properties.

Vince Perna

Dunes Properties – Folly Beach

843-425-6414

Here is your March 2010 real estate market report for Folly Beach. There were 6 properties sold during March 2010.  They included one lot on Little Oak Island, a Mariner’s Cay for $412k and an oceanfront property for $655k.  The average sales price for the month was $393,400.  This continues the downward trend on prices and it seems like many sales are pushing prices lower.  This has resulted in a higher number of transactions, as buyers realize that prices are now within reach and pull the trigger on the island lifestyle they have been dreaming of.

Come on down to the island!  The prices are fine!

If you have always thought that living at the beach was too expensive, then think again.  In 2009 Q1, the average sales price was $438,000 and that has dropped to $401,000 in 2010 Q1.  22 properties sold in 1st Quarter 2010, compared to 11 in the 1st Quarter of 2009.  The lower average sales price explains the reason for the increased number of sales.    More people are able to move onto Folly Beach, leaving behind the feeling that it is too expensive to live on the beach.  Increased demand typically signals the bottom of the market, so if this trend continues we could see prices rise in the future.

Now is a great time to buy a Folly Beach home because of the combination of low prices and low interest rates.  Make sure you are working with someone who is an expert in the market and knows their way around the island.  Please contact me here with any questions.

Vince Perna

Folly Beach Real Estate – 843-425-6414

I have seen a Folly Beach lot that is available for the cheapest price I have seen in a long time.  How much is cheap?  Not $500,000.  Not $300,000.  Not even $200,000.  Think lower.  Click here to find out.

If you are a builder, or investor, or interested in living on Folly Beach this is a great opportunity. I can help guide you through all the due diligence regarding the property, and can walk you through the permitting and building process on Folly Beach. This is one of the lowest prices for land on Folly Island that I have seen in a long time. Call me for details or click here to contact me.

Vince Perna

Dunes Properties

843-425-6414

vperna@dunesproperties.com

This Saturday March 13th, 2010, the streets of Folly Beach will turn green to celebrate Saint Patrick’s day, and Folly party-goers will race around Center Street competing for prizes in the annual pub crawl. Everyone please use caution, from what I understand, the open-container law will be lifted, but the streets will be open to traffic! Please be careful “crawling” from one pub to the next. A good time will be had by all, including me, so call me if you want to meet up! I’m buying!

CLICK HERE FOR DETAILS

Vince Perna

843-425-6414

vperna@dunesproperties.com

This is an election year on Folly Beach and election day is April 6th. There are three candidates for the Mayor’s office, and seven candidates for City Council. Folly Beach Now is covering the election by providing information that will help voters make informed decisions. You will find answers to your questions about where the candidates stand, information about their backgrounds, and important meetings and dates.

Check out the Folly Beach Now election page here.

*** If you need to register to vote, the deadline is March 6th ***

Running for Mayor:

Carl Beckmann

Eddie Ellis

Tim Goodwin

Running for City Council:

Paul Hume

Susan Breslin

DJ Rich

Laura Beck

Bob Hatcher

Pennell Clamp

Joel Flores

Get all your Folly Beach election coverage here.

Please contact me with any questions or comments.

Vince Perna

843-425-6414

vperna@dunesproperties.com

Few of us are in the position to pay cash for our next house. Most of us will need a mortgage. When we apply with a lender we need information about the mortgage and the process of closing a loan. Here are some questions to ask your lender before you apply for your mortgage.

What is the best program for me based on my situation? Why?

How long will it take to process and close the loan?

Will I need Private Mortgage Insurance (PMI)? If so, for how long?

Are there any special underwriting guidelines that you follow?

What is the most popular loan program being offered? Why is it popular?

Who will be servicing the loan?

In six months to a year, what will make this loan look good to me?

What are your standard fees? Are there special fees that I should be aware of?

Are there any escrow requirements?

During the “lock-in” period, what happens if rates go down?

What do you need from me to get the loan approved?

Who will be my contact person during the application process?

You can probably think of many more things you need to know before you apply. Your mortgage consultant should be able to answer your questions and offer you all the information you need to make an educated decision.

You would be amazed what you can buy on the beach!!!

8 Properties sold in the month of January 2010 on Folly Beach, beginning this year with a healthy sales volume just like late 2009.  The sales ranged from $225,000 to $550,000 with an average sale of $375,425.  The low prices are the reason for the increasing number of sales.  Buyers are beginning to bite on the great deals that can be had on Folly Beach.

Out of the 8 sales this month, 4 were some type of foreclosure or short sale situation.  The banks are willing to go low.  If you have an experienced agent, they can point you in the right direction to find these investment deals.  If you are interested in buying or selling on Folly Beach, let an experienced professional guide your way.  Contact me here:

Contact Vince Perna

Vince Perna

843-425-6414

vperna@dunesproperties.com

There will be Mardi Gras celebrations on Folly Beach this Saturday February 13th, 2010 from 12-5 for the annual Folly Gras party and parade. Wear your beads and most colorful outfit and come down to Center Street and celebrate New Orleans style.

Live Music by:

Parade trophies will be awarded for the following categories:

***Best Float***

***Best Golf Cart***

***Best Costume***

Parade Rules!

• Decorated Floats, Golf Carts, Marching, & Alternative transportation only! NO CARS OR TRUCKS UNLESS THEY ARE PULLING A FLOAT! You must be in Mardi Gras costume to participate! We Welcome decorated pets!
• Must be at the Folly Beach Public Boat Landing by 1:30 pm for lineup

We have asked our restaurants to prepare special New Orleans food fare and Mardi Gras drinks beginning at 1 pm. There will also be a trophy awarded to a restaurant for Best Food Fare.

We will have live music set up at different locations on Center Street. The Parade will begin at 2 pm and start at the Public Boat Landing. When the Parade ends at the Holiday Inn, Indian, Huron, Hudson will reopen. There will be music, dancing and food in the streets provided by our own businesses from 1 to 5 pm.

Masks will be sold at City Hall for $2.00 first come first served. Free beads given with each mask.

The Folly Beach Arts and Crafts Guild will also be in the Park with their crafts and vendors.

If you have any questions, please contact Mary Cunningham at City Hall; 513-1836 or 708-1113.

Vince Perna

843-425-6414

vperna@dunesproperties.com

Act fast on this opportunity to own an incredible Folly Beach deep water property for a steal! The builder has thrown his hands up and will let it go at auction prices to avoid foreclosure or short sale. This waterfront property will need to be finished which gives you a chance to add your tastes, and has awesome views of the Folly River Wait!  It gets better, it is sold with a shared deep water dock! This is a huge home on Folly Beach for a fraction of what it should really cost. There were two available now only one left.

For information and pictures click here.

Vince Perna

843-425-6414

vperna@dunesproperties.com