Let’s say you’re living in the Northeast and want to take in the Spoleto Festival this spring as well as playing a few rounds of golf. Or, maybe you’re newlyweds who crave the downtown ambiance and nightlife.
Real estate agent Phil Bowman envisions those personas as two types of possible buyers for a 397-square-foot condo in the Market’s Gate building — a chummy spot in the historic district for $369,000.
The property offers second-floor views of Circular Congregational Church, includes high-end stainless steel kitchen appliances, counts a comfy living room and boasts a master suite with good-sized bedroom and tiled bathroom. Every fixture, appliance and piece of furniture is included in the price tag.
“I get the impression that I’m in Manhattan,” says Bowman, associate with Coldwell Banker United, Realtors and listing agent for 85 Cumberland St., No. 14. Housed in a building that dates to the 1890s or early 1900s, the property has undergone substantial upgrades in the past decade with such touches as a 15-foot wooden entrance door and old-style floor counter over the modern-day elevator.
Bowman, who works from the agency’s Broad Street office, calls the four-room condo “small but mighty.
“This comes totally furnished,” Bowman says. Along with sofa and chairs, the condo consists of silverware and cookware, flat-screen TV, bed sheets and comforters and bathroom toiletries. The unit also includes stackable washer and dryer in the laundry rooms.
“They are really everything goes,” he says.
Considering its historic district location and upscale accoutrements, the one-bedroom, one-bath condo could attract a range of conceivable purchasers. “There’s a lot of people who this would appeal to,” Bowman says. A second-home owner from out-of-state or at Kiawah Island, for instance, could want a place in town; a younger buyer without children might desire a place to get around without a car. Another possibility would be parents buying condos for sons or daughters going to school say at the College of Charleston.
While the price might seem high simply as a place for students to live, college enrollees would dole out $48,000 to $72,000 over four years no matter what based on a monthly downtown rent of $1,000 to $1,500 a month, he says. Recent college graduates also might be interested in acquiring the condo.
There’s no off street parking for the 25 units in the Market’s Gate condos, but an owner can purchase a city parking pass or otherwise secure on-street or garage spots close by.
Located next to the historic Trott House and the 300-year-old Powder Magazine building, Market’s Gate condos rise four floors offering penthouse condos and patios on the top level. Along with the one-story condos, the building includes a few two-bedroom units priced at $680,000, Bowman says.
To the Realtor, the property feels the most idyllic at 6 p.m. when church bells at nearby Circular Congregational and St. Philip’s Episcopal churches chime. Bowman should know first hand. “I’ve been marketing this building for a year,” he says. Also, he lived in 85 Cumberland St. in the very early 2000s before the building’s renovation into Market’s Gate condos.
There’s an “emotional attachment,” Bowman says.
In his listing, the Coldwell Banker United agent highlights the property’s convergence of 21st century interior features with 19th and early 20th century roots.
“Modern meets historic at 85 Cumberland Street, Unit 14, in Charleston’s French Quarter,” Bowman says.
“This one-bedroom pied-a-terre in the historic Market’s Gate Building has been painstakingly renovated but also fully furnished to create the ultimate lifestyle for even the most discriminating buyer,” he says.
Standout features include a secured entry into 85 Cumberland St. Once inside the building and up to the second floor, No. 14 opens to 11-foot ceilings, heavy moldings, exposed brick and a gourmet kitchen “that make this an incredible living experience,” the agent says.
The fully furnished condo shows off a bright and open living room, and custom cabinets and high-end Sub-Zero and Jenn-Air appliances in the kitchen. The bedroom includes a queen-sized bed.
“Walk, bike or take a carriage ride to many of the nearby events and venues that make Charleston the number one city in North America,” Bowman says.
The condo sits on the west side of 85 Cumberland St. on the second floor. Heading south, take Meeting Street below Calhoun Street. Continue a few blocks and turn left on Cumberland Street. Ahead on the right before Church Street is Market’s Gate condos at 85 Cumberland St.
Reach Jim Parker at 843-937-5542 or firstname.lastname@example.org.