Home News What $1 million will get you in Charleston’s current real estate market | Business

What $1 million will get you in Charleston’s current real estate market | Business

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The main driver of what is worth $ 1 million in the Charleston region is its location and proximity to downtown or water.

A million dollars may sound like a lot of money, but in the housing market, especially in tourist-focused and vacation-focused cities, you’ll see record high home prices.

When searching for a $ 1 million budget home in the Charleston area, the options realtors see will depend on where you move. Homes near the lowcountry coast and the bustling downtown of Charleston usually cost more to homebuyers than to live further inland.

Mary Lou Wertz, founder of Maison Real Estate and a successful agent with over 25 years of experience, said: Depending on the location, you can get almost everything from a one-bedroom condo to a 5,000-square-foot home. “



According to Zillow, the $ 1 million price range is a great place for a 3-4 bedroom home in Charleston County. Four-bedroom, three-bath homes in the residential area of ​​Mount Pleasant are currently on the market for $ 889K, while four-bedroom, three-bath homes near the coast of Deweise Island have recently been one million. Sold for dollars.

Maison Real Estate currently lists three-bedroom, three-bathroom condominiums on Foley Beach for $ 995,000, while other three- to five-bedroom homes on Johns Island, Mount Pleasant, North Charleston, and Summerville are about. It has reached 1 million dollars.

Wertz said: “The farther away you are from downtown, the more valuable it is for your money. About 20 minutes away can double the size of a square foot and parcel.”

You can find quite a few homes in Charleston’s residential area for less than $ 1 million, but the booming downtown Charleston market is another story.

Modern real estate front

If you’ve been commuting to work in the downtown Charleston area for more than 20 minutes, you can get four or more bedrooms in newer or better condition with a $ 1 million price tag.

“In downtown Charleston, $ 1 million isn’t too far in today’s real estate market,” Wertz says. “Currently, I’ve listed a one-bedroom condo in a great neighborhood. Furniture is $ 960,000. I’m about to list a 3,700-square-foot home in West Ashley for just over $ 1 million.”

When shopping in Charleston’s family-friendly neighborhood, Welz recommends looking for Mount Pleasant Area, James Island, and West Ashley. With many exciting and upcoming developments in these areas, families have a lot to do, see, and look forward to.

Mount Pleasant is one of the fastest growing cities in South Carolina. It has a good school, low crime and is close to downtown Charleston and the nearby beach town. This is a great option for families looking to move to the area with a $ 1 million budget.

West Ashley is a vibrant outdoor forward community near the Ashley River. Being an attractive neighborhood has the advantage of raising the price of living in the area. However, there are still 3-5 bedroom options in the $ 1 million price range.

James Island boasts beautiful swamp views, trees and lush greenery, and great historical charm. The island is surrounded by Charleston Harbor and the waters of the Stono and Folly rivers. While beauty and charm raise the price of homes in the region, there are still options within the $ 1 million budget.

In addition to beauty and a great location, the neighborhoods of many families who own homes in the $ 1 million price range offer even more value for your money. “Many of our family’s neighborhoods have additional facilities such as community pools, playgrounds, tennis courts and pickleball courts,” Welz said.

For Empty Nest Syndrome, Wertz recommends shopping in the downtown area of ​​Charleston, especially around Hampton Park and Waginer Terrace if you’re on a budget.

Charleston, South Carolina

If downtown is the area you want to live in, there are some high quality condo options, sometimes fully furnished. This is a great option for buyers looking to spend about $ 1 million on a low country home.

The Wajiner Terrace has historic roots and a laid-back and relaxing atmosphere. Located in the city center, without the typical hustle and bustle of a busy section. This is considered a suburban outlet within the city limits.

Hampton Park is a unique district with 20th century architecture and close proximity to the beautiful Hampton Park, a lush, natural oasis in the midst of urban life.

As we enter the current housing market and approach the decision to buy Charleston homes with a $ 1 million budget, many will spend more money in advance to maintain a low-maintenance lifestyle. I am enthusiastic about it.

Potential homebuyers with a $ 1 million budget are also currently interested in turnkey homes. These types of homes have been completely refurbished, purchased and ready to rent.

Many potential homebuyers in the Charleston region are keen to rent a newly purchased home during the tourist season or for an unpredictable future. There is also a current tendency for people to invest in upcountry villas to visit several times a year during their vacation.

Whether you’re looking for a family home to build a life in Charleston or a low-country villa, when working with a realtor in the area, the $ 1 million budget is huge. Become. No matter where you want to live, your realtor will help you find the best option for you.

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