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Isle Of Palms,South Carolina
 A
short drive from Charleston will take you to one of the most scenic beaches
off the Carolina coast. Isle of Palms, located just east of the
Cooper river, is home to more than 4,000 permanent residents. Early
inhabitants of the island were mainly wandering Sullivan's Island residents
but by the 1940s, growth steadily increased, due in part to the sale of
vacation homes on the island.
Isle of Palms, with its mild climate and recreation opportunities,
is an ideal retirement area. The average temperature year
round is 65º. The relaxing atmosphere of the beach is
contrasted by the numerous recreational activities provided on the
island. The Isle of Palms Park and Recreation Department offers
aerobics, baseball, basketball, gymnastics, soccer, softball and
tennis for residents. Wild Dunes Resort provides another South
Carolina necessity...golf. The resort's two courses, The Links
and The Harbor Course, were designed by Tom Fazio. The Links
ranks in the top 40 golf courses in the country. The Harbor
Course is complete with holes following the Intracoastal Waterway.
Only 20 minutes from historic Charleston, Isle of Palms is close
enough to enjoy the numerous activities that go on in the city.
The Charleston area is home to museums, theaters, art galleries
and sports teams, in addition to 27 golf courses and over 100 shopping
centers. The medical community of Charleston includes 10 hospitals
and more than 16,000 employees. Isle of Palms has the convenience
of a big city, with the coziness of a small town.
Wild Dunes, a prominent community on Isle of Palms, offers villas,
homes and lots for sale and rent in addition ot the Wild Dunes resort.
Isle of Palms also has several other neighborhoods. The homes
on the island average $353,000. Goat Island, located next
to Isle of Palms, is a secluded escape from the rush of the city.
It is accessible only by boat from Isle of Palms, and houses on
the market are rare.
Retirees are also allowed a $3,000 income tax deduction on all
retirement income. Adults over 65 are eligible to receive
a $10,000 deduction. The maximum for income tax rate is 7%
for all income greater than $11,400. The state does not tax
social security benefits.
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Just the facts about
Isle of Palms
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Population: 4,123
Climate: Average 65º
Average Housing Cost: $353,000
Home Owner's Insurance*: $1,184
Property Tax**: $3,233.48
Recreation: Aerobics, Basketball, Baseball, Gymnastics,
Soccer, Softball, Tennis, Golf
*Basic insurance policy rate for state of South Carolina;
does not include flood, earthquake or hurricane coverage;
excludes coastal homes.
(South Carolina Insurance News Service)
**Millage levy is state average of 229 mills.
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Seniors contemplating retirement in the Charleston area should
also consider the property tax benefits available. Local entities
levy taxes on the public because South Carolina does not have a
state property tax. The Homestead Exemption Tax absolves adults
over 65 from county, municipal and school taxes for the first $20,000
of their homes. This is only available to seniors who have
lived in South Carolina for one year. Property taxes for homes
on Isle of Palms are estimated at $3,233.48. This rate is
based on the state average of 229 mills
Home owner's insurance varies with location and coverage. An average
home on the island pays at least $1,184 in insurance. These are
basic rates and do not take into consideration the nearness of homes to
the beach or flood, hurricane or earthquake coverage.
For more information on retirement and housing in the Charleston area
and on the Isle of Palms, call the Charleston
Chamber of Commerce (843) 853-8000, the Isle of Palms City Hall (843)
886-6428, the Charleston Trident Home Builders Association (843) 572-1414,
visit HotRetirementTowns.com
or iLoveIOP.com.
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