You are the owner of this article.
You have permission to edit this article.
Edit
top story

Kiawah Island oceanfront home sells for $13.5M after recent $11.65M sale of nearby house

You’re seeing The Post and Courier's weekly real estate newsletter. Receive all the latest transactions and top development, building, and home and commercial sales news to your inbox each Saturday here.

Oceanfront Kiawah Island home sells for $13.5 million

Another multimillion-dollar residential real estate transaction recently occurred on Kiawah Island.

The oceanfront house at 122 Flyway Drive sold Nov. 10 for $13.5 million, according to Kiawah Island Real Estate, which handled the sale for the seller and buyer.

Mark A. McFarland and Cassie H. McFarland of Dallas bought the 6,667-square-foot house, with six bedrooms and 7½ bathrooms, from a firm called B-Tach LLC, which bought the property in 2015 for $6.3 million, according to Charleston County land records.

County records also show the McFarlands bought a property in 2013 at 171 Bull Thistle Lane on the island.

The real estate firm, which handles the majority of sales on the gated, seaside community, called the sale the most expensive on the island so far during the fourth quarter.

The transaction comes after the $11.65 million sale — recorded in early November in Charleston County — of the 9,000-square-foot house up the street at 147 Flyway Drive.

The home was listed by Jim Stuckey of Kiawah Island Real Estate. Kelly Henry of the same firm represented the buyer.

Neither of those sales sets a record for the island.

The highest-priced home to sell on Kiawah Island and in the Charleston area is the Vanderhorst Mansion on Governor's Drive. It changed hands in June for $20.5 million.

Overall island real estate sales stand at $741 million through the first nine months of the year, while Kiawah Island Real Estate handled $549 million through the first three quarters, a 60 percent increase over the same period last year.


Want to receive this newsletter in your inbox every Saturday? Sign up for free.


Avana Long Point Apartments

The 360-unit former Edgewater Plantation Apartments off Long Point Road near Interstate 526 have been sold and rebranded as Avana|Long Point. Greystar/Provided

Greystar pays $103.3M for Mount Pleasant apartments

Get the best of the Post and Courier's Real Estate news, handpicked and delivered to your inbox each Saturday.


The Charleston-based apartment giant bought the 360-unit former Edgewater Plantation Apartments off Long Point Road and rebranded them as Avana|Long Point Apartments. Also, a Massachusetts firm paid $77 million for a 283-unit multifamily complex in Berkeley County.

By the numbers

2: Number of breakfast eateries that Millers All Day restaurant will have when it opens a new location on James Island.

63: Millions of dollars paid by Georgia industrial developer for former Superfund site in North Charleston.

3,010: Square footage of the first Freddy's Frozen Custard & Steakburgers restaurant that opened Nov. 16 on Ladson Road on the edge of Summerville.

This week in real estate

+ Changing hands: The Hudson, a 300-unit multifamily complex newly built in Cane Bay, recently sold for $79.5 million.

+ Preparing for growth: Charleston airport officials are considering adding four temporary modular gates to help with the expected increase in passengers before a third wing is built on the terminal.

+ Handling noise: Some North Charleston residents are frustrated over loud music from Park Circle businesses.

Newly built downtown Charleston hotel sold

Saint Hotel

The Saint Hotel on East Bay Street has been sold to Dreamscape Cos., the same firm that bought The Saint Hotel in New Orleans. Provided 

The 45-room Saint Hotel at 194 East Bay St. has changed hands and was scheduled to open Nov. 19.

Did a friend forward you this email? Subscribe here.

Craving more? Check out all of the Post and Courier's newsletters here.

Our twice-weekly newsletter features all the business stories shaping Charleston and South Carolina. Get ahead with us - it's free.


Reach Warren L. Wise at wwise@postandcourier.com. Follow him on Twitter @warrenlancewise.

Get up-to-the-minute news sent straight to your device.

Topics

Breaking News

Columbia Breaking News

Greenville Breaking News

Myrtle Beach Breaking News

Aiken Breaking News

N Augusta Breaking News