Downtown Charleston Only Market Update Q1 & Q2

MARKET UPDATE

The Market in Downtown Charleston

South of Broad Market Facts

This area is defined as the lower section of the peninsula located to the south of Broad Street, a main thoroughfare bisecting the oldest part of the city. Broad Street houses many businesses including banks and real estate offices, as well as a large collection of art galleries. Just past Broad Street heading south are some of the stateliest historical mansions in South Carolina.

On the Market

Featured Property

The Sword Gate House rests behind one of the most recognized gates in all of Charleston. This very fine Federal style home is grand with Adam detailed beautiful wood and plaster work. It is positioned well back from Legare and Tradd Streets and is surrounded on all sides by a magnificent collection of Charleston gardens and patios. This important property boasts an unsurpassed level of detail and technology; the product of a painstakingly thorough renovation project spanning years.

32 Legare Street 9BR/13+B | 17,142 SqFt $18,800,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

New York, New York 5BR/5.5B 4,799 SqFt $18,900,000 Sotheby’s International Realty East Side Manhattan Brokerage

Moscow, Russia 5B 26,038 SqFt $18,500,000 Moscow Sotheby’s International Realty 4

Costa del Sol, Spain 7BR/8.5B 26,081 SqFt $19,912,386 Kristina Szekely Sotheby’s International Realty

Harleston Village Market Facts

Located to the southwest of downtown, Harleston Village is a diverse and vibrant area of Charleston. Originally owned by the widow Harleston, who created today’s neighborhoods and streets from her husbands farm land. One of the larger downtown neighborhoods, Harleston Village is minutes from The Battery and home to Colonial Lake, Cannon Park, Moultrie Park, and the City Marina.

On the Market

Featured Property

As stunning as it is rich in history, the Bennett-Hayne House, circa 1800 was completely restored in 2009 with great sensitivity to preservation and modern comfort. The home was built by Thomas Bennett, mayor of Charleston and governor of South Carolina. It served as the childhood home of Paul Hamilton Hayne, the "Poet Laureate of the South." The ornate molding and detail in this home is considered among the finest examples of Adamesque woodwork in Charleston. The roof is fully restored with Royal Purple Slate taken from the same quarry in Wales as the original.

Expansive two-tiered piazzas with impressive Tuscan columns overlook the gardens below.

113 Ashley Avenue 5BR/3.5B | 5,669 SqFt $2,190,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Honolulu, Hawaii 4BR/4.5B 3,769 SqFt $2,199,000 Mary Worrall Associates Sotheby’s International Realty

Key Largo, Florida 5BR/5+B 5,169 SqFt $1,945,000 Russell Post Sotheby’s International Realty 6

Siena, Italy 5BR/4B 4,036 SqFt $2,588,610 Tuscany Sotheby’s International Realty

French Quarter Market Facts

The French Quarter is well known in downtown Charleston for its cobblestone streets, lovely alleys and unique historical homes. Originally named for the large concentration of French Huguenots living here, the French Quarter has no lack of charms with the famous Church Street, Queen Street and fabulous renovated warehouses and preRevolutionary buildings.

On the Market

Featured Property

Enjoy the most spectacular views available in historic Charleston. This property commands panoramic views of Fort Sumter, the Charleston Harbor, the Ashley and Cooper rivers, the Atlantic Ocean, Sullivan's Island, the Ravenel Bridge, and the city's many beautiful rooftops and steeples. Watch the abundant activity on the water, from ships heading out to sea to sailing regattas. The building entry has an elegant lobby with a coded elevator and secure private parking.

Walk into the spacious open living area, with gas fireplace, wet bar, and wall of windows overlooking the water, seating areas, and a large dining area. Enjoy a master suite with master bath and two additional bedrooms with baths ensuite.

18 Broad Street, #602 3BR/3.5B | 2,869 SqFt $1,999,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Cape Town, South Africa 6BR/6.5B 43,755 SqFt $1,954,471 Lew Geffen Sotheby’s International Realty

Queenstown, New Zealand 4BR/3B 3,907 SqFt $1,974,373 New Zealand Sotheby’s International Realty 8

San Jose, Costa Rica 5BR/5.5B 8,611 SqFt $1,800,000 Costa Rica Sotheby’s International Realty

Ansonborough Market Facts

Ansonborough is defined as the area between King and East Bay and George and Pinckney Streets just north of the historic market and Custom House. Rebuilt after the great fire of 1836, Ansonborough was the city’s first suburb and boasts some impressive historic homes which have undergone extensive restorations thanks to the work of the Historic Charleston Foundation.

On the Market

Featured Property

This extra-sized lot offers a quiet oasis back behind the beautiful wrought-iron automated gates. There is a two level Loutrel Briggs garden to the side and rear of the house that can be enjoyed from the garden room addition to the main house. On the first floor, as you enter from the piazza, there is a front sitting room to your right and a formal dining room to your left that leads into a butler's pantry and then into the main kitchen. To the rear is the garden room addition. On the second floor, there is a front library/office with a built-in wet bar. Ansonborough is the center of town; you can find almost every single service or amenity that you might want within a short walking distance.

42 Society Street 3BR/2+B | 3,500 SqFt $1,949,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

Stockholm, Sweden 3BR/2B 2,702 SqFt $1,931,725 Sweden Sotheby’s International Realty

Saint James, Barbados 4BR/4B 55,694 SqFt $2,000,000 West Coast Villas Sotheby’s International Realty 10

Tucson, Arizona 4BR/4B 6,400 SqFt $2,000,000 Russ Lyon Sotheby’s International Realty

Radcliffeborough Market Facts

Radcliffeborough is an area north of Harleston Village and offers some of the hippest new restaurants and bars located on Upper King Street.

St Phillip Street is the main hub of the College of Charleston, with its 10,000 undergrad students.

Recently Sold

Featured Property

Located in trendy Radcliffeborough in Historic Charleston, this classic Charleston Single House is bright, sunny, and full of charm. With its high ceilings, hardwood floors, side and back porches, and the ample rear yard, this is a house with a personality. A great location, well designed interiors, and fabulous outdoor living combine to make 42 Warren a very sophisticated address. Sold recently for $325 per square foot, well over the average of $300 per square foot for Quarter 2 of this year.

42 Warren Street 3BR/2.5B | 2,182 SqFt Sold for $725,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

North Falmouth, Massachusetts 5BR/3.5B 3,466 SqFt $695,000 Sotheby’s International Realty Falmouth Brokerage

Eleuthra, Bahamas 3BR/2B 1,500 SqFt $750,000 Damianos Sotheby’s International Realty 12

Tucson, Arizona 5BR/4B 4,640 SqFt $750,000 Russ Lyon Sotheby’s International Realty

Canonborough & Elliotborough Market Facts

Cannonborough and Elliotborough are located above Morris and Bee Streets on the Peninsula and house a large portion of Charleston’s student population. Well located for walking access to the College of Charleston, Medical University and also to Upper King Street’s restaurants and bars, this area is a lively urban mix of age groups.

On the Market

Featured Property

Wonderful corner property with ample parking and is currently divided into four apartments. Each apartment has a stove and refrigerator, washer and dryer. In an ideal location, just a short walking distance to either C of C or MUSC, this area is brimming with a students and young professionals. With the high population of student residents, this area has many well priced homes and is a prime location to invest in a rental property. Many homes have been converted into multiple units, making it an ideal mix of history and practicality.

132 Spring Street 8BR/4B | 2,870 SqFt $849,000 Daniel Ravenel Sotheby’s International Realty

Recently Sold At Auction Modern and Post-War British Art Dame Elisabeth Frank, R.A. From the Collection of Milton Ginsburg Horse and Rider Sold for $859,381

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Wagener Terrace & Hampton Park Market Facts

Wagener Terrace is a suburban area with marsh views and numerous well located, moderately priced homes. Hampton Park gains its name from the large green space in its center which was a world fair site in 1900.

On the Market

Featured Property

Located in the heart of Wagener Terrace, this charming, move-in ready home has a lovely open floor plan and an abundance of windows to allow for a lot of natural light throughout. The owners have updated the kitchen with new appliances (2007), resealed the metal roof (2007), remodeled the bathroom (2009), and painted the entire house in 2012. In addition to the full bath there is a working sink/vanity in the master to give it a 1.5 bath feel. There is ample storage for this size home as well. The backyard has a wonderful workshop/storage room that is wired for electricity and a deck to sit and enjoy the Charleston evenings. Stroll a few blocks to Hampton Park or to watch the sunset over the Ashley River.

14 Gordon Street 3BR/1B | 1,269 SqFt $314,900 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

British Columbia, Canada 2BR/2.5B 1,278 SqFt $395,284 Sotheby’s International Realty Canada

Western Cape, South Africa 4BR/4B 3,369 SqFt $325,743 Lew Geffen Sotheby’s International Realty 16

Minneapolis, Minnesota 4BR/2B 2,482 SqFt $339,900 Lakes Sotheby’s International Realty

Wraggborough Market Facts

Wraggborough is an area north of Ansonborough which features lovely ancient oaks and parks alongside well constructed, historic homes in a variety of price ranges. Originally owned by the Wragg family and divided among the descendents, it is home to the Charleston Museum which is the oldest museum in America.

On the Market

Featured Property

Victorian home with a Key West flair overlooking a fountain and charming park. Within walking distance to Upper King Street restaurants, the Charleston museum, and library. The property is currently a single family home with two meters and an upstairs kitchen that could be a potential duplex. The main floor has a large living room with french doors that open onto the piazza; adjacent is a separate dining room with pocket doors, office/den area with storage, a full bath and renovated kitchen with top of the line appliances.

57 Chapel Streel 4BR/3B | 2,460 SqFt $825,000 Daniel Ravenel Sotheby’s International Realty

Listings Around the World in this Price Range

La Barra, Uruguay 4BR/4.5B 11,593 SqFt $900,000 Perazzo Inmobiliaria Sotheby’s International Realty

Las Vegas, Nevada 2BR/2.5B 2,055 SqFt $899,900 Synergy Sotheby’s International Realty 18

Fort Lauderdale, Florida 2BR/2.5B 2,170 SqFt $899,000 ONE Sotheby’s International Realty

Marketing Charleston Worldwide

33 Broad Street Charleston, SC 29401 O: 843.723.7150 | F: 843.723.7494

Daniel Ravenel Sotheby’s International Realty 33 Broad Street Charleston, SC 29401 O: 843.723.7150 | F: 843.723.7494 www.DanielRavenelSIR.com

Each Office is Independently Owned and Operated