Folly's Center Street Restaurant Sells for $1.3M
In a sign of the times, only three properties on Folly Beach north of $1 million have changed hands in 2010. And of those three, the most expensive one is a commercial restaurant, the former Seashell Restaurant, on Center Street.
1. 41 Center Street, the former Seashell, sold in July for $1.3 million. It was completely renovated in 2002.
2. 1709 East Ashley Avenue sold for $1.275 million in April. This 4 bedroom, 3,000 sf beach rental was built in 2008.
3. A contemporary 3,500 sf second-row home, at 316 East Artic, built in 2005 sold for $1.08 million in June.
By comparison, eight high-end properties sold in 2008 and five in 2009 during this same period. If you want to search all Folly Beach properties, click here.
This is a surprise but I guess it’s a sign of the current real estate market. Folly beach has some hidden gems that most people don’t know about. If you’re looking for property along the beautiful South Carolina coastline don’t overlook this area.