509 W Ashley Ave, Folly Beach, SC 29439

Description

Price Reduced! The seller is also offering an additional $75,000 in engineering consulting, construction and property improvements... A classic Folly Beach 1950 beachfront home with direct beach access from your private boardwalk! This listing is for the home in its current state; however, the seller has a complete set of plans for a total renovation. The possibilities are endless! Buy as-is or renovate to your liking. The seller can even elevate the home or build a pool house with an acceptable offer... Brand new POOL with spacious pool deck. The perfect spot to relax after a long day at the beach. Come escape to the shore and let your worries drift away with the rolling waves. This home is just 4 blocks from Center Street, which features cozy beach restaurants, coffee shops, surf shops,and retail shops! Enjoy this one-story home with all of the bedrooms on the main floor; there are steps from outside the ground floor up to the main floor. The private beachside porch has plenty of seating as well as a daybed swing so you can watch the beachfront views with your loved ones. Wake up early and enjoy the ever-changing sunrises from this comfortable porch! On the main floor, there is a large common area connected to a beautiful, fully equipped large gourmet kitchen, perfect for cooking with friends and family and relaxing. There are 4 bedrooms on this level: one beachside king, one beachside queen, one queen bedroom, and one king bedroom with a twin bed. Three of the bedrooms have private baths, all of which have been recently renovated. There is also a half bath connected to the common area and the kitchen, close to the laundry area. A new roof was installed in 2019. Home is being sold furnished and as-is. The seller is a local builder with years of experience building and renovating homes on the island. A unique opportunity to take advantage of the home's grandfathered location and existing footprint. The current structure can be renovated and expanded in its present location, but, if the existing home were removed, a new residence would be subject to current setback requirements and would need to be positioned closer to the street. This creates an attractive option for buyers looking to significantly renovate, enlarge, and customize the existing home while preserving its desirable placement on the lot. As of 7/18/2025... If this is your primary residence, you can short term rent the property 72 nights per year and get some great rental income to help offset any expenses. (2 nights minimum up to 72 days per year) Buyer to verify. ATTENTION! New Licenses: The City of Folly Beach passed a temporary moratorium in late August 2026 halting new short-term rental business license applications. Reason: The pause gives the city time to complete an STR study and navigate an ongoing legal appeal after a judge struck down the city's previous voter-approved cap of 800 rental permits and registration fees. Next Meeting: The city council is expected to further discuss and consider rental regulations during its full meeting on September 8, 2026. BUYER TO VERIFY.