Another multimillion-dollar residential property in the Charleston area is now in the hands of a new owner.
A buyer from Illinois called 207 Stono LLC paid $4.75 million in early August for the waterfront home at 207 Stono Drive on James Island, according to residential real estate firm The Cassina Group, which represented the seller.
The property on the edge of the Stono River previously was part of the estate of H. George Dent, according to Charleston County land records.
The Riverland Terrace neighborhood property includes a 1.2-acre parcel and consists of three lots. The 3,790-square-foot, one-story, ranch-style home features two full baths, two half baths, pool, boathouse and a dock on deepwater.
The property is steeped in history. It's known as the site of Eliza Lucas Pinckney’s experiments with indigo that turned into an important Lowcountry cash crop. The home also is near a gun emplacement and cannon from Fort Pemberton, a Civil War earthwork in the area.
"The property showcases some of the best waterfront access in all of Charleston and boasts a location that cannot be beat," said Robertson Allen, founding partner with The Cassina Group, who was assisted in the sale with Realtors Heath Verner and Chip Eiserhardt.
Earlier this year, the firm handled the sale for the seller of the two-story penthouse atop the Peoples Building on Broad Street on the Charleston peninsula.
At $12 million, the price of the "condo castle" represents the highest amount ever paid for a residential property in the downtown area.
Beverly Burris of William Means Real Estate represented the new owner of the Stono Drive property. She did not immediately return a call or email Tuesday seeking comment on the transaction.