Investment Article · I'On, SC

Short-Term Rental Rules & Investment Potential in I'On, SC

I'On's front-porch streetscapes and walkable village center look like an obvious short-term rental draw. Before an investor builds a projection around that idea, they need to know I'On's own governing documents have already closed that door, independent of whatever the Town of Mount Pleasant allows elsewhere.

The Rule, As Written Today

I'On's community covenants prohibit leasing a home for any period shorter than 28 consecutive days, a restriction that applies to leases, subleases, licenses, and any other tenancy arrangement regardless of consideration paid. The community's management actively enforces this rule and can request lease documentation from owners to confirm compliance.

How This Interacts With the Town's Rules

The Town of Mount Pleasant separately caps short-term rental permits town-wide and expressly excludes any neighborhood where homeowners association covenants already restrict short-term rental activity. I'On's own 28-day minimum lease rule falls squarely into that carve-out, meaning even a buyer who secured a hypothetical town permit would still be blocked at the community level. The two layers of restriction work together, not independently.

What This Means for Your Underwriting

Build any rental income projection for an I'On property around long-term lease income at prevailing monthly or annual rents, never nightly or weekly rates, and verify directly with the I'On community association before relying on any listing or seller claim that suggests otherwise. Because the restriction lives in the governing documents rather than in a permit that could theoretically be obtained, there's no workaround path to research here.

A Note on Timing

Both HOA covenants and municipal short-term rental ordinances can change over time, and the summary above reflects the rules in effect at the time of writing. Confirm current requirements directly with the I'On community association and the Town of Mount Pleasant, or ask me to pull the latest rules for a specific property, before building any income projection around them.

Evaluating a specific I'On property? Contact Chris Eller directly, or browse more Investment Articles.