12 days on rocket

8871 Palmetto Rd, Edisto Island, SC, 29438

$2,495,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
1 Full Bath, 1 Partial
1,324 SqFt
$1,884/SqFt
House
Schools Nearby

Location

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8871 Palmetto Rd, Edisto Island$2,495,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Off Street
Year Built1999
HeatingElectric, Heat Pump
CoolingCentral Air
WaterfrontWaterfront
FireplaceOne
MLS #24011481
Lot Size33.00 Acres
StatusActive

About 8871 Palmetto Rd

This 33-acre Private Island with 5.5 acres of highland and 27.5 of marsh, offers a Custom 2 bedroom,1.5 bath Island Cottage lovingly built by current owner. It's only a short 1-minute boat ride to St. Margaret's Island from your private dock at the Neck on Edisto Island that includes a 14 ft Pontoon boat for easy access to island. Custom features include interior all wood finishes, heart pine floors recovered from Edisto River in Orangeburg, SC, Tongue and groove Pine walls from reclaimed timber from Sotille Theatre in Charleston, SC, exposed beams reclaimed from Historic Pitt street Pharmacy in Charleston, SC, 900 sq. ft. wrap around screen porch with exposed rafters/rafter tails, cedar shake siding, Click on more for all information and documents tab for extensive information.pine trim, galvalume Metal roof, electric tankless water heater, underground electricity and water from Mainland. Along the sunny path to your cottage is a 10 x 20 cabin with screen porch, electricity, shingle roof, all wood finishes. a 240 sq. ft covered shed. There is also a 10 x 12 open shed with standing seam blue aluminum roof for storage, work bench, water toys, and gardening supplies. Every room features breathtaking views of deepwater creeks, marsh vistas and stunning sunsets. This lush secluded private island retreat is located within minutes of the Intracoastal Waterway, Atlantic Ocean, and Edisto beach for shopping and dining by car or boat. The island also features a 10 x 20 deep-water dock, fixed 10 x 20 covered pierhead, 10 x 7 sundeck, Mooring Piling 50 ft. from dock for larger vessels, power, and water, and is just minutes from your private community boat landing that accesses Edisto. It's only a 1/8 acre community parcel at the Neck on Oyster Bay court offers one designated parking space for your vehicle, boat and shed permissible, shared boat ramp for 7 residents, and shared walkway with a private/float ramp. You have an unobstructed view of your island from your dock at the Neck. Living on an island is a world of your own. Not only are its environs pristine and charming, but St. Margaret's Island is also covered with magnificent Signature Live Oaks, Magnolias, Palmetto trees and other coastal foliage. The natural splendor, beauty, and serenity will take your breath away! Come see this magical place of spectacular beauty located within an hour of Charleston SC and an international airport. This island is under conservation easement with the Lowcountry Land trust to ensure that it will always remain like it is.

Property Details

Property Features

Property Information:

  • Architectural Style: Cottage
  • Year Built: 1999
  • Stories: 2
  • Living Area: 1,324 SqFt

Listing Office:

  • Office Name: Edisto Real Estate Company, LLC

Interior Features

Interior Information:

  • Flooring Type: Wood
  • Interior: Beamed Ceilings, Ceiling - Cathedral/Vaulted, High Ceilings, Ceiling Fan(s), Living/Dining Combo
  • Fireplace: One

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Waterfront
  • Exterior: Dock - Existing, Dock - Floating, Stoop

Parking Information:

  • Parking: Detached, Off Street

Lot Features

Lot Information:

  • Lot: Level, Wooded
  • Lot Size: 33.00 Acres

Utilities

Utilities Information:

  • Heating: Electric, Heat Pump
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Hwy 174 Towards Edisto Beach. Take Right On Palmetto Road Past Ace Hardware. Go Down Palmetto Road Past Live Oak Landing To Neck. Continue Down Road Until You See Oyster Bay Drive On Left. Must Be Accompanied By Agent And Owner To Get To Private Island.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,495,000
  • Price Per SqFt: $1,884/SqFt

Tax Information:

  • Annual Amount: $4,002
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Edisto Island, SC.

Med. Sold Price

$723K

Med. Price/SqFt

$464

# of Sold Homes

9

8871 Palmetto Rd vs Edisto Island

12 DAYS ON ROCKET

$2,495,000

+$1.7M More

$1,884/SqFt

+$1.4K More

KEY TAKEAWAY

This property is $1.7M more than the Median Sold Price and $1.4K/SqFt more than other homes in Edisto Island, SC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24011481

Listing Office:

  • Office Name: Edisto Real Estate Company, LLC

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the CHS Multiple Listing Service. Those properties marked with the CHS MLS Approved logo are provided courtesy of the CHS MLS Broker Reciprocity Database. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data deemed reliable but not guaranteed accurate by the MLS.
Copyright © 2024 Charleston Trident Association of REALTORS®
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/19/2024, 11:20:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$4,002$246,600
2018$3,845$11,870
2017$3,845$11,870

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,547

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3753647
3
/10
  • Edith L. Frierson Elementary School

  • 6133 Maybank Hwy

  • 11.98 miles

  • Public District Grades PK-5

school-card-donut-3753648
5
/10
  • Minnie Hughes Elementary School

  • 8548 Willtown Rd

  • 12.44 miles

  • Public District Grades PK-6

school-card-donut-3753649
4
/10
  • St. Helena Elementary School

  • 1025 Sea Island Pkwy

  • 15.83 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $92,188. The majority of Edisto Island, SC residents have income between $35k-100k annually. Residents typically live in married, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8871 Palmetto Rd

What is the listing price of this property?

The listing price of 8871 Palmetto Rd property is $2,495,000.

What type of property is this?

The property 8871 Palmetto Rd is a house located in Edisto Island, South Carolina, 29438.

Is this property for sale now?

Active Listing: 8871 Palmetto Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,002 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 8871 Palmetto Rd has 2 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 8871 Palmetto Rd is 1,324 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8871 Palmetto Rd is 1999.

Rocket Homes›South Carolina›Colleton County›Edisto Island›29438›8871 Palmetto Rd

This home is located at 8871 Palmetto Rd in Edisto Island, SC and zip code 29438. This 1,324 square foot home, which was built in 1999, sits on a 33.00 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 06, 2024 and is currently priced at $2,495,000.

Edisto Island, SC housing market in April 2024 saw over 2 listings sold above listed price, more than 1 sold at listed price and over 6 sold below. Between March 2024 and April 2024, Edisto Island, SC real estate market has seen decrease in the number of listings by 3.4%.

From Rocket Homes Real Estate and based on county public records data.

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