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2502 Waterway

  • 3
  • 2
  • 1323

$1,800,000Isle of Palms, SC

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2502 Waterway

Turnkey, Beach Cottage featured on HGTV! This beautifully renovated 3-bedroom, 2-bathroom home is a true coastal gem, offering both luxurious living and high investment potential. This 1,323 sq. ft. home was fully renovated in 2017 and updated again in 2024, blending modern design with timeless charm. The open floor plan, vaulted ceilings, and engineered hardwood floors throughout create a grand and inviting space. The living room is adorned with shiplap walls, maintaining the coastal vibe, + gas log fireplace while the chef's kitchen shines with a 48'' gas range, stainless steel appliances, and tons of cabinetry & counterspace. There is also a wet bar with wine fridge and glass front accent cabinets. Right off the kitchen is a huge screen porch with vaulted ceiling, and tile bar......entertainment area with beverage refrigerators. Off of the screen porch is another deck perfect for entertaining. You'll love the low-maintenance composite decking, a heated saltwater pool, a putting green, and a separately fenced in play area. The turf yard adds to the home's low-maintenance appeal. Back inside, the primary suite is off the back of the home and has it's own private balcony overlooking the pool. Freshly painted & with new closet shelving (for all bedrooms), this home truly is move-in ready! Located just across the street from the Intracoastal Waterway and just two blocks from the beach, this home offers access to one of the island's two beach access points with dedicated golf cart parking. The Isle of Palms Rec Center is only two blocks away, offering basketball, tennis, pickleball, baseball diamonds, and more, along with year-round community events. Walk, bike, or take a quick golf cart ride to the beach, marina, rec center, grocery store, and local dining. With no HOA, the option to join Wild Dunes, and proximity to award-winning Charleston County schools, including the BEACHFRONT Sullivan's Island Elementary, this home is perfect for primary residents and vacationers alike. Less than 30 minutes from historic downtown Charleston, this turnkey property is also an investor's dream, offering projected rental income of over $150k/year with one of the highest cap rates on the island. This beach cottage combines low-maintenance luxury living with incredible rental potential don't miss your chance to own a piece of paradise!

Essential Information

  • MLS® #24023204
  • Price$1,800,000
  • Bedrooms3
  • Bathrooms2
  • Full Baths2
  • Square Footage1,323
  • Square Footage1,323.00
  • Acres0.27
  • Year Built1976
  • TypeResidential
  • Sub-TypeSingle Family Detached
  • StyleCottage, Traditional
  • StatusActive

Community Information

  • Address2502 Waterway
  • AreaIsle of Palms
  • SubdivisionIsle of Palms
  • CityIsle of Palms
  • CountyCharleston
  • StateSC
  • Zip Code29451

Amenities

  • Garage Spaces0
  • ParkingOff Street
  • Has Private PoolYes
  • Pool FeaturesIn Ground

Interior

  • InteriorCeiling - Cathedral/Vaulted, Ceiling - Smooth, High Ceilings, Kitchen Island, Ceiling Fan(s), Family, Entrance Foyer, Loft, Pantry
  • HeatingElectric, Heat Pump
  • CoolingCentral Air
  • FireplaceYes
  • Fireplaces1
  • Stories2

Exterior

  • Exterior FeaturesBalcony
  • RoofMetal
  • ConstructionCement Plank
  • FlooringCeramic Tile, Wood
  • Foundation DetailsRaised
  • Patio And Porch Features Deck, Front Porch, Porch - Full Front, Screened
  • Community FeaturesBoat Ramp, Club Membership Available, Dog Park, Fitness Center, Marina, Park, Tennis Court(s), Trash

Lot

  • Lot Features0 - .5 Acre

School Information

  • ElementarySullivans Island
  • HighWando

Additional Information

Listing Details

  • OfficeMcConnell Real Estate Partners

LISTED BY McConnell Real Estate Partners, (843) 300-7585