Category: Isle of Palms
We can comfortably consider the first quarter to have been a good start for residential real estate in 2017. There was certainly plenty to worry over when the year began. Aside from new national leadership in Washington, DC, and the policy shifts that can occur during such transitions, there was also the matter of continuous low housing supply, steadily rising mortgage rates and ever-increasing home prices. Nevertheless, sales have held their own in year-over-year comparisons and should improve during the busiest months of the real estate sales cycle.
The U.S. economy has improved for several quarters in a row, which has helped wage growth and retail consumption increase in year-over-year comparisons. Couple that with an unemployment rate that has been holding steady or dropping both nationally and in many localities, and consumer confidence is on the rise. As the economy improves, home sales tend to go up. It isn’t much more complex than that right now. Rising mortgage rates could slow growth eventually, but rate increases should be thought of as little more than a byproduct of a stronger economy and stronger demand.
Charleston Market Statistics through February2017
We have a wide variety of new listings at the beach, and it’s just in time. The mercury is starting to rise and the sun is shining, that can only mean one thing….its almost summer on the Charleston Coast! What better way to spend the lazy days of our favorite season than at one of Charleston’s fabulous beaches? Check out some of the newest listings from dunes properties agents on Sullivans Island, Isle of Palms, Folly Beach, Kiawah Island and Dewees Island.
2614 Bayonne Street, Sullivans Island
4 beds | 4.5 baths | 4,754 sq ft
One of the finest second row homes on Sullivans Island and only steps away from the Station 26 beach access path! A stunning remodel of this home was completed in 2015 by Phillip Smith Contractors. The 3,410 square foot first floor boasts a downstairs master-suite with outside porch, and direct access to the elevated pool and workout cabana. There is an additional guest suite off the front entrance. The house has a open great room and dining area combination with bay windows overlooking the pool area, a large office area, a gourmet kitchen with attached den and additional fireplace. Listed by Tim Reese
2102 Atlantic Avenue, Sullivans Island
9 beds | 6 baths | 5,760 sq ft
Located on a street to street, half acre lot on Sullivans Island, this unique, one of a kind home features lots of possible configurations for a large family! The owners built this home with generational living in mind. Side A and B each feature four bedrooms, two full baths, wrap around porches, 2 car garages, hardwood floors in the main living areas and tons of storage. In addition, there is a two story carriage house, connected to the main house, that features a one bedroom living space on the first floor and a studio space on the second. The main house, sides A & B, live like two separate homes but have privacy doors to make the spaces separate. Listed by Betty Poore & Vannessa Carter
708 Palm Boulevard, Isle of Palms
4 beds | 2 baths | 2,434 sq ft
This bright and cheery home with double front porches is centrally located on the island. The first floor features an open floor plan with a full bath. The kitchen window overlooks the pool located in the private fenced in backyard. Upstairs you will find the master suite with walk-in closet and large private bathroom. Three more nice size bedrooms are also upstairs with one of the front bedrooms that opens out to the upstairs porch. Plenty of parking underneath. Close to the beach, downtown Isle of Palms, connector and just a short drive to historic Downtown Charleston. Listed by Ginn Maiers
1653 B East Ashley Avenue, Folly Beach
4 beds | 2.5 baths | 2,200 sq ft
Here is your chance to own a 4 BR oceanfront home on Folly Beach that will hold a large family, performs well on a rental program, and doesn’t break the bank. Enjoy the sunrise and seascapes from large oceanfront balconies. There are hardwood floors downstairs and an enormous kitchen with granite countertops and a bar -height counter to gather around. The kitchen flows into the open living and dining room with windows and sliding doors that lead onto the oceanfront deck and let the light in. There is also an oceanfront deck upstairs that can be accessed by the master bedroom and two more bedrooms. Listed by Vince Perna & Laurie Hull
1120 E Arctic Avenue, Folly Beach
3 beds | 2 baths | 1,379
This is a renovated classic Cape Cod style beach house. Located on a full corner lot and directly across from beach access. ”Neptunes Folly” is on a vacation rental program with great occupancy and rental income history! The property also sits on a dead end, less traveled street. Enjoy beautiful ocean views from the large front porch. The open living/dining room area and updated kitchen are perfect for entertaining. The property also has plenty of off-street parking, a huge plus on Folly Beach! Listed by Keith McCann
5 beds| 4 baths | 4,300 sq ft
If you are all about the beach, then look no further. This classic style beach house is oceanfront with enough room for family, friends, and grandchildren. Needless to say the views are amazing. The first floor has a very large great room with fireplace, sunroom, and master suite all with ocean views and outside access. Additionally, the kitchen is updated with newer cabinets, granite, and stainless steel appliances. Listed by Karen Hilty
312 Pelican Flight Drive, Dewees Island
3 beds | 2 baths | 1,616 sq ft
This is the best starter home on private, unspoiled Dewees Island. This lovely 3 bedroom cottage with loft and open floor plan has views of managed wetland, deer browsing areas, and maritime forest. Nestled into the pines with easy access to kayak trails and a very short walk to the beach. Home has porches which flank the living room, allowing for the sea breezes to blow through the main part of the house. Airy master bedroom is open to below through captains windows, and an additional loft area is perfect for watching the eagles nest or alligators below. Two other quiet bedrooms each have their own porch access areas and vaulted ceilings. Charming cottage decor conveys with a few exceptions. Under the house, there is great storage for toys including golf carts, kayaks and bicycles. Listed by Judy Fairchild
Charleston, South Carolina is one of the hottest vacation destinations in the country right now. It offers a rich background of American history, world-class dining, and unmatched beauty. While it is tempting to plan a vacation just in the historic downtown, you’re really missing out on a big part of Charleston’s culture if you skip the beach.
You can’t beat restorative time on the beach. Bring a kite or a Frisbee to toss around while you soak up the South Carolina sun. Enjoy the sweet briny waters and the distinct charms of all of the local beaches to really take in the coastal cultures surrounding Charleston and connect to the unique personality of every beach retreat. (more…)
Looking to hear great live music at the beach? Downtown Charleston may be known for its many venues and bars with music spilling onto King and Market streets, but the islands of the Lowcountry know how to put on a good show, too. From dirty blues at Sullivan’s Island Home Team BBQ to legendary rock shows at the Windjammer on the Isle of Palms, there are several sweet spots nearby — both new and old — with plenty of music you can kick back and sip a beer to. Here are just a few of our favorite venues for live music on Sullivan’s and IOP.
Dunleavy’s Pub | 2213 Middle Street
If you love a good, old-fashioned pub, you’ll love Dunleavy’s, where Guinness lovers have cheers’d their beers for over 20 years. Outside are picnic tables for pints in the sunshine, while inside you can enjoy some of the best Irish folk music in Charleston from well-loved local artists like Carroll Brown.
High Thyme | 2213 Middle Street
At High Thyme, Southern seafood fare is always the catch of the day, but you’ll also love all the live music this restaurant/venue has on the menu. Local Celtic folk favorites the Hungry Monks play here on the reg, as do guys like Moon Dog, Carroll Brown (you really can’t get enough of Carroll!), and the Reckoning, the latter of which is a lovely, local Grateful Dead strings cover band.
Fiery Ron’s Home Team BBQ | 2209 Middle Street
Known for their BBQ and arguably more so for their wings (best in town, y’all), Home Team has more than good grub — it puts on great live music, too, particularly blues, folk, Americana, and country artists.
On the IOP:
The Windjammer | 1008 Ocean Blvd.
Even most new islanders know about the Windjammer — a Charleston, not just an IOP, institution for over 40 years. Legends like Hootie & the Blowfish, the Blue Dogs, Drivin’ N Cryin’, and Southern Culture on the Skids have performed here for decades, both inside and out — the back features a deck majestically overlooking the beach action and the sea. Inside you’ll find the main stage and an open-air bar perfect for ocean breezes that constantly remind you that life is good.
The Dinghy | 8 J C Long Blvd.
The Dinghy is relatively new to the island, having come on board the scene only three or so years ago. Locals love it for the live music you can consistently catch nightly here. Artists are local and much loved by the regulars, making this special spot a lively, neighborly kind of place. Oh, and FYI their Dirty Elvis Fries are a dream.
Morgan Creek Grill | 80 41st Ave.
Situated on the water with brilliant sea breezes aplenty, Morgan Creek Grill is the definition of chill, particularly when you add live music to the mix. Morgan Creek recently added a recurring event called Wintertide: Songwriters in the Round, featuring local singer-songwriters every week along with an oyster roast. Head to morgancreekgrill.com for more details.
What’s your favorite local music venue on Sullivan’s Island or Isle of Palms?
Isle of Palms isn’t just touristy shops, cafes, and ice cream stands. Many folks call the IOP home year-round and they have a few go-to’s with neighborly vibes and food that stands up to even the best of downtown Charleston offerings. Here are 5 eateries on Isle of Palms locals just cannot live without.
The Refuge | 1517 Palm Blvd.
Whether you’re looking for a workspace with coffee, bagels, and free wifi or a night out complete with live music, expertly crafted cocktails, and meals made with fresh, local ingredients, you’ll find refuge at the Refuge. It’s also a stellar spot for lunch. There are several soup and salads options, but the sandwich menu is where it’s at — hot, cold, signature sammies, or build your own. Our favorite? The Refugee Burger: bacon and fig jam, brie, arugula, and fried egg on brioche.
Coda Del Pesce | 1130 Ocean Blvd.
Sunshine spills into the adorable, contemporary dining room of Coda Del Pesce located on Ocean Boulevard. Serving up homemade pasta and Italian seafood dishes, Coda is known for its fare as well as its splendid ocean views. Sit on the patio and enjoy both raw and cooked specialties, like oysters, octopus, smoked salmon, crab ravioli, triggerfish, and grouper. Primi pasta courses are all imaginative masterpieces, but our favorite has to be the Tagliolini with blue crab, anchovies, lemon, and bread crumbs.
Long Island Cafe | 1515 Palm Blvd.
Long Island Cafe has been an IOP staple for 30 years, surviving countless storms, including Hurricane Hugo. Inside, a simple but elegant dining room awaits along with everything from delicious bottles of wine to grits to creatures fresh from the sea. The walls are decorated with local art, while dishes are created with ingredients from places like Toby’s (clams) and GrowFood Carolina (veggies). Even if you’re just hungry for dessert, LIC has you covered with key lime pie, pecan pie, hummingbird cake, and mud pie, just to name a few!
Morgan Creek Grill | 80 41st Ave.
There’s nothing not to love about Morgan Creek Grill — it has personalities and moods covered: a casual, down-home outdoor bar that gets festive most nights, a quiet, beautiful dining room perfect for date nights, and an upstairs bar / dining area for folks needing a beer, a good appetizer, and a TV for watching the big game. On many evenings, there’s also live music from artists who hang their hats on the IOP, or not too far from it.
The Boathouse at Breach Inlet | 101 Palm Blvd.
The Boathouse at Breach Inlet has been a Charleston tradition for 20 years now. The mahogany interior and ceilings lined with vintage row boats sets the scene, as does the breathtaking views (top tip: best sunset on the island!). As for the food, it’s all Southern and the menu’s full of seafood greatness, like lobster, crab cakes, lobster tails, mussels, clams, and more. There’s even a raw bar. And if you find yourself at IOP on a Sunday, don’t miss the brunch, which includes our favorite: the Boathouse Benedict with crab cakes.
What’s your favorite meal on IOP?
As we evaluate the final quarter of 2016 (so far), not much has changed since the year began. Market predictions have been, in a word, predictable. A relatively comfortable pace of activity has been maintained thanks to continuing low unemployment and mortgage rates. The one basic drag on market acceleration has been inventory decline, and there is little to indicate that the low inventory situation will resolve anytime soon.
Market Stats through October 2016
As anticipated at the outset of the year, demand has remained high through the first three quarters of 2016, propping up sales and prices despite heavy reductions in inventory and months of supply across the country. With rental prices and employment opportunities in a consistent climb, year-over-year increases in home buying are probable for the rest of the year but not guaranteed.
Market Stats through September 2016
Charleston-area home sales increased in August after dipping for the first time in five years in July. Conventional wisdom indicates that year-over-year declines may be present for the remainder of the year, given the low inventory situation in most markets. Demand is certainly present and has created competitive situations that have kept prices up. Rental prices are also up, which may lure more toward home ownership.