Isle of Palms home sells for $6.4 million, breaking record - KCBD NewsChannel 11 Lubbock

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 News on KCBD.comNewsMore>>

  • Zuckerberg's Holocaust comment puts Facebook on the spot

    Zuckerberg's Holocaust comment puts Facebook on the spot

    Wednesday, July 18 2018 6:08 PM EDT2018-07-18 22:08:46 GMT
    Thursday, July 19 2018 5:08 PM EDT2018-07-19 21:08:40 GMT
    Mark Zuckerberg says he doesn't believe Holocaust denial content should be banned from Facebook. (Source: CNN)Mark Zuckerberg says he doesn't believe Holocaust denial content should be banned from Facebook. (Source: CNN)

    Facebook CEO Mark Zuckerberg says that while he finds Holocaust denial "deeply offensive," he doesn't believe that such content should be banned from Facebook.

    Facebook CEO Mark Zuckerberg says that while he finds Holocaust denial "deeply offensive," he doesn't believe that such content should be banned from Facebook.

  • Jayton Jaybird mascot getting new homemade update

    Jayton Jaybird mascot getting new homemade update

    Thursday, July 19 2018 5:06 PM EDT2018-07-19 21:06:35 GMT
    Katie Fincher (Source: KCBD Video)Katie Fincher (Source: KCBD Video)
    Katie Fincher (Source: KCBD Video)Katie Fincher (Source: KCBD Video)

    In today's world, you wouldn't expect any kid to make their own clothes for school, but we found someone special who is about to be a senior at Jayton High School.

    In today's world, you wouldn't expect any kid to make their own clothes for school, but we found someone special who is about to be a senior at Jayton High School.

  • White House invites Putin to Washington for fall meeting

    White House invites Putin to Washington for fall meeting

    Thursday, July 19 2018 12:30 AM EDT2018-07-19 04:30:42 GMT
    Thursday, July 19 2018 5:06 PM EDT2018-07-19 21:06:21 GMT
    (AP Photo/Pablo Martinez Monsivais). President Donald Trump gestures while speaking during his meeting with members of his cabinet in Cabinet Room of the White House in Washington, Wednesday, July 18, 2018. Looking on is Deputy Secretary of Defense Pat...(AP Photo/Pablo Martinez Monsivais). President Donald Trump gestures while speaking during his meeting with members of his cabinet in Cabinet Room of the White House in Washington, Wednesday, July 18, 2018. Looking on is Deputy Secretary of Defense Pat...

    Trump said Wednesday he told the Russian president face-to-face during Monday's summit to stay out of America's elections "and that's the way it's going to be."

    Trump said Wednesday he told the Russian president face-to-face during Monday's summit to stay out of America's elections "and that's the way it's going to be."

Powered by Frankly