Real Estate News
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Edgewater Plantation
High-end apartment complex near Wando River showcasing amenities, rental choices
Figures tell a lot about Edgewater Plantation, a 360-unit rental village, 90 percent occupied and visible to hundreds of people daily from Interstate 526 in Mount Pleasant. Yet the community – and its tenants – are hardly just numbers.
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Real Estate News
SIM Group hires pair, kitchen remodeler wins award, Walterboro estate sale proceeds to go to charity
Two Charleston area real estate veterans have joined the SIM Group Sales & Marketing LCC. Kimber McFadden is the new director of sales/broker-in-charge of the sales and marketing group, and Patricia Pangrass is a sales associate stationed at the Daniel’s Orchard neighborhood in downtown Summerville.
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127 Island Park Drive
Intricately designed Daniel Island home spacious, maneuverable for young families or retirees
Right from the start, Sis Marshall found 127 Island Park Drive to be unconventional. In a good way, mind you. “It is different and unusual,” says Marshall, residential sales associate with Poston & Co. Real Estate. But not quirky. The 3,315-square-foot home, priced for sale at $1,099,000, has classic lines and elegant trappings. It’s just that custom builder Chris Carson, who lives a block away, incorporated a sense of flair in creating a traditional yet original design.
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Homebuyer Tax Credit: Longer and Broader
Local housing market should accelerate as break extended for initial buyers, opened to existing ones
Winter can be the doldrums in real estate sales. But at least for the next five months, expect a flurry of activity in the local, and national, housing markets. That’s because Congress and the Obama administration has given first-time homebuyers an extra 150 days or so, until April 30 of next year, to buy a house and claim an $8,000 tax credit.
On top of that, existing shoppers who have owned a home as a principal residence for at least five years can claim an up to $6,500 credit to purchase a house, as long as it’s $800,000 or less.
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Real Estate News
Daniel Ravenel to market condominiums, metro Charleston pending sales surge
A downtown company will head up sales and marketing for the tony Bee Street Lofts peninsula condos near the Ashley River.
Josephine Traina Gleason, broker associate with Daniel Ravenel Sotheby’s International Realty, will be the complex’s exclusive broker. Bee Street Lofts is on the corner of Lockwood Boulevard and Bee Street.
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Open Wide
Dozens of sellers make houses available for viewing this weekend
As appealing, luxurious, comfy a home looks from the exterior, it’s still not as revealing as taking a gander inside. That’s why open houses continue to draw sizable crowds, whether possible buyers eager to purchase, current owners picking up ideas or casual shoppers out “kicking the tires,” er, “tapping the foundations.”
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141 North Plaza Court, Unit 301
Posh condo for lease in the Renaissance on Charleston Harbor serves up expansive views, luxury perks
Walk out on the balcony at 141 North Plaza Court, Unit 301, gaze one way and there’s Charleston Harbor. Look another, and the Ravenel Bridge looms not far away. Return inside, and fix dinner on a smooth-top stove, pulling ingredients pulled from the Sub-Zero refrigerator and stacking pots and pans in the Bosch dishwasher. Then ride down the private elevator, work out in the fitness center, take a swim in the pool and climb in your roadster parked in the underground garage. The cost is $2,400 a month, furniture – and roadster – not included. Daniel Ravenel Real Estate is leasing out the condo at the Renaissance on Charleston Harbor in Mount Pleasant.
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344 Bermuda Towne Row
Large lot, ample living space distinguish traditional home east of the Cooper
Step inside 344 Bermuda Towne Row, and the look is elegant yet practical. The 3,500-square-foot home in the Hibben neighborhood in Mount Pleasant showcases four bedrooms, three-and-a-half baths and a functional kitchen with cherry cabinets, stainless-steel appliances, gas cooktop and an island with granite countertops. Ceilings are more than 10-feet high, walls feature crown molding and wainscoting and floors are hardwood expect for carpeting primarily in bedrooms. The house is wired for sound via an entertainment system and has a big screen TV above the gas fireplace with granite surround in the living room. The home’s asking price is $850,000.“It’s got most of the bells and whistles,” says Tim Fraylick, the owner and a local builder who constructed the house five years ago.
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Real Estate News
KB Home to hold festival, Lennar opens new neighborhood, Carolina One signs on national builder
A national builder will combine outdoor fun and food with home tours at a picnic of sorts Nov. 14 in one of its Berkeley County neighborhoods. KB Home is hosting the “Fall Festival” from noon to 3 p.m. at the Gardens at Tanner Plantation community.
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Looking Up
Charleston real estate market in gradual rally after downtime
All things were in place for a strong Charleston area real estate market for years to come. There’s the warm climate, pro-business attitude, attractive locales in Berkeley, Dorchester and Charleston counties and fairly reasonable prices. Not to mention the Atlantic Ocean, scenic marshes, top notch restaurants, historic sites, boating and fishing, the excitement of three pro sports teams … Then the inconceivable – at least at the time – happened. The national housing industry, overstimulated by easy financing and speculation, took a hit. Builders stopped building, homeowners couldn’t sell, few people would buy. There’s no arguing that Greater Charleston suffered like the rest of the United States. But not having experienced the artificial highs, the area didn’t succumb to the mind-numbing lows.
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