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56-acre Pine Island is near Hilton Head Island
A South Carolina Lowcountry island with a 6,000-square-foot house on it recently changed hands for $8 million.
The 56.1-acre private Pine Island at 8 Pine Island in Okatie, near Hilton Head Island, sold in late October, according to the Charleston-based Huguley Team of Daniel Ravenel Sotheby's International Realty.
Representatives of the Robert F. Greenhill Revocable Trust sold the property to Meredith C. Stines Declaration of Trust of Okatie, according to Beaufort County land records.
The real estate firm said the property sale, north of the developing Bluffton community, marks its highest-value transaction in 2022.
Pine Island is connected to the larger Spring Island by a causeway and is the private community's highest-recorded sale, according to the real estate agency.
Designed by architects William McDonough + Partners, the Japanese style-influenced home was built with materials such as recycled red western cedar and cypress logs reclaimed from the depths of ponds and rivers. The site includes additional structures and a deep-water dock on Chechessee Creek.
The property was co-listed with Spring Island Realty, the community's in-house firm. The opportunity of membership for the buyer in Spring Island's private club and its numerous amenity offerings was a key selling factor for Pine Island, according to Daniel Ravenel Sotheby's listing agent Jack Huguley.
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A Philadelphia-based company paid about $1 million an acre for the land off Cross County Road and next to the golf course on Charleston Air Force Base to stack shipping containers.
By the numbers
1,504: Square footage of new Wisconsin Meat & Cheese shop opening on James Island.
2,600: Square footage of Palmira BBQ restaurant coming to former Sunflower Cafe site in West Ashley.
4,173: Square footage of new Azul Mexicano restaurant coming to recently closed Taziki's Mediterranean space in Mount Pleasant.
This week in real estate
+ Second helping: An Ohio-based pizza chain plans to open a second Charleston-area location.
+ Eyeing downtown: A Charleston restaurant group is looking at a shuttered cafe site on the peninsula for a possible new concept.
Roper St. Francis Healthcare plans to build a $1 billion medical campus, including a new Roper Hospital, on Mall Drive in North Charleston.
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