2504 palm boulevard

Oceanfront living Ocean views provide the backdrop to wide open living spaces which best describe the main level of 2504 PalmBlvd. The contemporary elegance and panoramic ocean views are obvious from the very first steps through the dramatic foyer. Striking architectural details punctuate the contemporary de-sign with a cherry staircase, rounded entertainment bar, and a dramatic expanse of the great room. Possibly

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the most breathtaking and unique home along Palm Boulevard. Sitting on onethe widest lots on Palm Blvd. with 100' ocean frontage, this home is screened and buffered from the road by old live oak trees. As you enter the home, you look straight back past a striking 2 & 1/2 story open atrium stairwell. Porch on front, side, andrear of home. Upper and lower decks, all with "Ipe" wood decks, which isa teak like material. Side porch hasan outside fireplace for those cool Fall afternoons with views lookingout to beach across deck level pool.The deck level pool has a hot tub withwaterfall into pool. The cabana is anoutside cooking station with metalroof to compliment the home's roof,all very cool. All the rooms are verylarge, tremendous kitchen/diningroom with double islands looking out over the Atlantic. Standing seammetal roof, $60,000 of hardwoodflooring throughout home with a dark-er hardwood Mahogany border.

Oceanfront Property Detail8 Bedrooms, 7 Full Baths, 2 Half Baths

6,750 Square Feet Heated on 1.5 Acres

Tax No. 579-09-00-174

Elevator, Heated Pool, New Construction

Financial Disclosures available

Contemporary elegance with breathtaking ocean views illicit an immediate sense of refuge and calm upon first entering this grande beachfront estate.

SC2504 Palm Blvd . Isle of Palms .

Over $40,000 in just the tile for the bathrooms, custom cabinetry through-out home with granite counter tops.

The latest in technology, Cat 5 wiring,security, top of line electrical and plumbing package with over $27,000in plumbing fixtures. Home built on a grade beam foundation. Pilings sunkbelow grade, with a concrete spread footing built on top and around, reinforced with steel.

The windows are high impact glassMarvin with a 150 mile per hour rat-ing, shutters not needed. All doorsfacing the main living areas are madeof Mahogany costing $1400 each with all interior doors being 8'.

www.LuxuryLandandHomes.com

DiningKitchen

Pantry

Laundry

FoyerAtriumGreat Room

PorchDeck

Guest RoomPool

Deck

OutdoorKitchen Porch

Porch

Pervious PaversDriveway

2504 Palm Boulevard . Isle of Palms . SC

First Floor Plan

Pool

Bedroom 2

Opento

Below

Bedroom 3Bedroom 6

Bedroom 7

Master Suite

Bedroom 4

Bedroom 5

MasterCloset

Master Bath

Deck

Bath

Bath

Bath

Bath

Bath

Elev.

Second Floor Plan

Deck

Balcony

Balcony

Balcony

2504 Palm Boulevard . Isle of Palms . SC

AtlanticOcean Sandy Beach

Location Plan

LandscapedGarden

PergolaBeach Access Walkway

PalmBoulevard

2504 Palm Boulevard . Isle of Palms . SC

2504 Palm Boulevard, Isle of Palms, SC

MLS No. 27308039

Stunning Ocean frontage Large 1.5 Acre Beachfront Lot

Swimming Pool Elevator

Approx. Sq. Ft. 6,750

Remarkable

2504 Palm Boulevard

The “High Style” Beachfront Mansion Thomas M. Evans New Construction

8 Bedrooms, 7 full Baths Elevator

Swimming Pool & Poolside Kitchen Views of Atlantic Ocean & 100 Oceanfront Footage

2504 Palm Boulevard5 B v d2504 Palm Boulevard

Breathtaking Vistas

Wolf, Sub-Zero, Bosch appliances with high-end custom cabinetry and haute couture tile work and stone. Rich and diverse textures for interior specifications celebrate art in architecture in a compelling way. Sited on one of the widest lots on Palm Boulevard with 100 feet of Atlantic Ocean

frontage. All epitomizing luxury oceanfront living.

All About Details

High Style

Luxury Land and Homes, Inc. Toll Free 1.866.957.9100

sMatthew R. Patz, CPA, P.C.550 Forestbrook Road, Suite 304 

Myrtle Beach, SC 29578 (843)241‐3150   (803)753‐9664 fax matthewpatz@matthewpatzcpa.com

FINANCIAL DISCLOSURE 2504 PALM BOULEVARD

Expenditures by category through 03/01/2009

Lot purchase date was 09/30/2005 at a purchase price of $2,950,000.00. Interest paid on property through 03/01/2009 is $1,011,920.40 Yearly property taxes were two bills totaling $18,742.50. Hard Costs (not including lot purchase) $2,500,749.20 Community First Bank Loan balance amount $4,306,338.42

Matthew R Patz, CPA

 ‐‐‐‐‐ Original Message ‐‐‐‐‐  From: Tommy Evans  To: Eve Olasov ; atempleton@carolinaone.com  Sent: Monday, August 17, 2009 9:40 AM Subject: Replacement Cost For insurance purposes. Replacement cost for 2504 Palm Blvd: I have taken our job cost and subtracted out the lot cost and the interest payments.  This leaves actual job cost at $2,505,775.69. Hope this is helpful! Kelly C. Gabel Executive Assistant Thomas M. Evans, Jr.

      Disclosure  Former Highest List Price Feb. 2009: $6,995,000  Funds necessary to sell the property with no proceeds to owner/seller.  Based on $4,600,000       $17,020               Deed Stamps/Transfer Tax      $30,509.46          2009 Property Tax at 6% assessment rate $4,306,338.42          Principal Payoff of mortgage note         17,046              Max accrued Interest @ 30 days ($568.20) per day        230,000             Real Estate Broker fees 2.5% each firm (5% total)            1,000             Deed Prep/Attorney fees, recording fees, misc closing  $4,601,913.88 estimated Due From Seller   

  Analysis  Lot Cost ‐                           $2,950,000 Construction Cost‐             2,505,779.69  (interest not included)               Total                                   $5,455,779.69  as of August 17, 2009  Interest Paid:                       1,165,334 to date  Grand Total                       $6,621,113.69