Welcome to Sea Cabins On The Ocean condominiums on The Isle of Palms in SC. Located at 1300 Ocean Dr. Our condo development is made up of three buildings that face the Atlantic Ocean. All of the condos are individually owned and are mostly all second home / investment properties. Our community condos are located right next to the Charleston county park on Isle of Palms in the heart of the town of IOP.
The larger units pay slightly more per month in regime fees than the 2 bedroom plans. The condominiums are held in a horizontal property regime format recorded in 1976 and completed in 1980. The community offers the only private pier on The Isle of Palms. We are situated right in the middle of "downtown" Isle of Palms within walking distance to dining and entertainment.
The monthly regime (aka HOA) $325.
Amenities
included:
- Laundry & Bathroom House
- Enclosed
swimming pool
- HOA owned parking spaces
-
Community Manager
- Fishing Pier
Costs Associated with ownership cover the following:
* Community Landscaping,
Lighting, Common Areas
* Insurances for the HOA
* Upkeep of Exterior
components of the buildings
* All Amenities (Pool, Fishing Pier)
* Legal &
Accouting for HOA
* Costs for community manager
Most units net about $25k rental income,
and can gross up to $40,000+/- depending on management fees, repair costs, and how
much the owner uses the property.