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Fripp Island SC

Fripp Island Condos for Sale

 

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$359,000
Bedrooms: 2
Full Baths: 2
Partial Baths: 1
Square Feet: 1,474
Status:ACTIVE
Views, views, views of the Atlantic Ocean every window has a great view. The New Haven condos have underground parking, elevator and a great garden area. This is a rental property and is doing…
Listing ID: 137376
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$339,000
Bedrooms: 3
Full Baths: 2
Partial Baths: 1
Square Feet: 1,474
Status:ACTIVE
Excellent New Haven Villa priced to sell. Brightly decorated with Tropical feeling throughout. Sparkling clean with pride of ownership. New Haven features covered parking with storage,…
Listing ID: 139744
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$295,000
Bedrooms: 2
Full Baths: 2
Square Feet: 980
Status:ACTIVE
Totally updated – new hardwoods, kitchen tile, new appliances, new sliding doors, bathrooms updated, new carpet in bedrooms. Tastefully appointed. This third floor two-bedroom North Hampton…
Listing ID: 139107
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$229,000
Bedrooms: 2
Full Baths: 2
Square Feet: 1,275
Status:ACTIVE
Expansive marsh views! Located across the street from the beach this 2 bedroom 2 bath Tennis Villas offers a great seaside escape. This property is in fantastic condition and has never been…
Listing ID: 139054
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$225,000
Bedrooms: 2
Full Baths: 2
Square Feet: 908
Status:ACTIVE
This condos located on the third floor where you have fantastic views of the canal and marsh. This complex has its own fishing dock. This unit has been well maintained and is also a good rental.
Listing ID: 139241
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$95,000
Bedrooms: 1
Full Baths: 1
Square Feet: 325
Status:ACTIVE
This condo is located in the center of the island. It faces the large Olympic pool and is close to all amenities. You are just steps away from the Atlantic Ocean and Fripp’s beautiful beaches. If…
Listing ID: 134380
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$749,000
Bedrooms: 3
Full Baths: 3
Square Feet: 1,557
Status:ACTIVE
This 3BR/3BA, Spacious, bright, Ocean View villa has been totally remodeled, right down to the studs. It has been re-wired, re-plumbed, and redone from top to bottom. Large kitchen island with…
Listing ID: 138309
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$560,000
Bedrooms: 3
Full Baths: 3
Square Feet: 1,573
Status:ACTIVE
This is the only one of four ocean front 3-bedroom units in Phase II that is for sale. Enjoy this end unit and all the space it has to offer …plus walk right out to the beach from your living…
Listing ID: 138625
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$539,000
Bedrooms: 3
Full Baths: 2
Partial Baths: 1
Square Feet: 1,622
Status:ACTIVE
INCREDIBLE $200,000 RENOVATION. MUST SEE. Everything is new including sheetrock, ceilings, electrical, plumbing, floors, doors, hardward, appliances, TWO 50 gal water heaters, furniture, etc. TOP…
Listing ID: 114946
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$399,000
Bedrooms: 2
Full Baths: 2
Partial Baths: 1
Square Feet: 1,276
Status:ACTIVE
Direct oceanfront!! 2 bedrooms, 2 and 1/2 baths Captain John Fripp Villa located next door to Beach Club, pools and restaurants! Recent kitchen renovation Tastefully furnished. Great rental property
Listing ID: 126444
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The Purchase of Fripp Island SC

South Carolina Oceanfront Homes for sale

This Article was written By Page Miller

The Purchase of Fripp Island SC

Fripp Island real estate

John Lee

 

In reminiscing about the purchase, Hardin noted that in 1972 almost all of the holdings of South Carolina S&Ls were in residential mortgages, which were limited by state usury laws to a maximum interest rate of 8%. With national to rates well exceeding this level, these institutions needed to explore ways to diversify their investment portfolios. Toward the end of the 1960s, the regulations of the Federal Home Loan Mortgage Board included a new provision allowing these lending institutions to form coalitions to buy and developed commercial properties. South Carolina Oceanfront Homes for sale

Bill Bowen, who in 1970 and purchase one of the first Capt. John Fripp villas, also facilitated the purchase. As the executive director of the South Carolina savings and loan league, he had been instrumental in establishing the service Corporation of South Carolina, with assets of $1.3 billion, and positioning the 45 participating S&L members to take advantage of new investment opportunities. Early in 1972 Hardin and Lawrence proposed the purchase of Fripp at a meeting in Columbia of the service Corporation of South Carolina. The consensus among the savings and loan lenders was that Fripp Island was a beautiful island with great potential and that since the current owner of financial difficulties, the island could probably be purchase at an advantageous price.

Although neither Hardin nor Lawrence at any resort management experience, they knew that if they were to invest in Fripp island resort, they want to own all the various interests of the island: the bridge, the inn, the resort facilities, the golf course interests, including his home and the Fripp plantation on St. Helena, where work on a graph course had begun but had never been finished. South Carolina Oceanfront Homes for sale

Savings and Loan Coalition

This Article was written By Page Miller

Savings and Loan Coalition

Fripp Island real estate

John Lee

Charlie Spencer, a rock Hill attorney, played a pivotal role in brokering the transfer of the ownership from Jack Kilgore, the original developer, who a coalition of savings and loan. Spencer built one of the first houses on Fripp and sequently became a member of the board own and managed the inn. His son, Chuck Spencer, who was only a teenager at the time, recently recall his father saying that Fripp had become stagnant, the golf course had withered away, these stockholder were fed up as something to be done to prevent foreclosures. Thus Charlie Spencer discussed with his close friend John Hardin the possibility of a coalition S&Ls acquiring Fripp. Having planning to seed that led to the purchase, Spencer’s law firm handle the eventual transaction. Fripp Island SC

 

Hardin, who headed a rock Hill savings-and-loan, subsequently talk to Jack Lawrence, the chief officer of a savings and loan in Greenwood. Both own oceanfront home on Fripp and both were seeking promising investor’s opportunities for their financial institutions. Coastal investments sounded particular to Lawrence, who was familiar with sizable investment of Jim Self, the president Greenwood Mills, in Hilton Head’s Sea Pines plantation, where the primary road is Greenwood Drive.  Fripp Island SC