Though shy of a record, a large and secluded Kiawah Island house sold for a hefty sum this week at about half the asking price from just a few years ago.
The 15,322-square-foot spread at 85 Blue Heron Pond Road on an 11.7-acre peninsula sold Wednesday for $15.25 million, according to Daniel Ravenel Sotheby's International of Charleston. The real estate firm was the sole broker in the deal.
The pricey pad includes seven bedrooms, 12 bathrooms, a deep-water dock, infinity pool and separate guest house. The property tax bill last year was slightly more than $54,000.
A deed filed with Charleston County on Thursday identified the buyer as a limited liability company registered to a real estate attorney.
The home, designed by architects Shope Reno Wharton, was built in 2005.
“We are pleased to provide our clients with our famous white-glove service both on and off Kiawah Island, and are honored to have been able to serve again in this capacity," Dan Ravenel, owner and broker-in-charge, said in a written statement.
The home on the Stono River originally went on the market in 2010 for $29 million. The price was later cut to $26 million and in 2013 to $18 million.
Crescent Seas LLC purchased the home in April 2016 for $12.25 million, according to county land records. The ownership was transferred to a trust set up by Upstate health care executive Michael H. McBride less than two months later.
The previous owner was Buttonwood Trust, which traces back to former Goldman Sachs & Co. partner Jeffrey Weingarten. He bought the property for $8 million in 2002 and built the home three years later.
Daniel Ravenel Sotheby's called this week's sale a record for a Kiawah home sold through the Charleston Trident Multiple Listing Service.
Kiawah Island Real Estate, which handles the majority of the transactions on the seaside getaway, does not use the service. That firm handled the priciest home deal to date in 2015, when a 9,777-square-foot oceanfront spread on 3 acres at 181 Bally Bunion Drive sold for $20.25 million to former Comcast Corp. finance chief Michael Angelakis.
Daniel Ravenel Sotheby's handled the $7.72 million sale of 32 South Battery in 2015, representing the highest price ever paid for a home on peninsular Charleston.