About dunes properties of Charleston

dunes properties of Charleston is a real estate, vacation rental and property management company representing the Lowcountry with almost 80 exclusive Charleston beach vacation rental properties, 70 real estate agents and employees, four full-service offices. Nobody knows the Charleston Coast better.

Isle of Palms Office

1400 Palm Boulevard
Isle of Palms, SC 29451
843.886.5600

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


Folly Beach Office

31 Center Street
Folly Beach, SC 29439
843.588.3800

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


The Real Estate Studio

214 King Street
Charleston, SC 29401
843.722.5618

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


Kiawah Seabrook Office

1887 Andell Bluff Boulevard
Johns Island, SC 29455
843.768.9800

Real Estate Inquiries:
realestate@dunesproperties.com
Vacation Rental Inquiries:
vacations@dunesproperties.com


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Archive:

Understanding the Benefits of Tax Credits for Historic Properties

tax credits for historic properties

3 Bennett Street, Listed by Kristin B Walker

Tax Credits for Historic Properties

People from all over the world love Charleston and its wonderful architecture. Our leaders years ago, knew that preserving that charm would be important to its future. What might seem to some like draconian rules that must be followed have become the unswerving guiding principles to preserving these beloved historic structures. Consequently, incentives have been put in place to encourage owners to “do it the right way” and truly restore and not just remodel historic buildings. 

How does it work?

Taxpayers who rehabilitate their owner-occupied residence may be eligible to subtract 25% of the costs of many expensive repairs and renovations from their state income taxes.

How do I qualify?

Your building must meet both of these criteria:

1. You must own and live in the building or a portion of the building that will be rehabilitated. It can be a house or another type of historic building, such as a school or store, that you are rehabilitating to live in. An historic outbuilding associated with your residence, such as a barn or a garage, can also be eligible for the credit. The credit does not apply to buildings or portions of buildings that are used in a trade or business or produce income.

2. Your building must be one of the following:

• listed individually in the National Register of Historic Places
• contributing to a listed National Register historic district
• determined by the State Historic Preservation Office (SHPO) to be eligible for individual listing in the National Register
• an outbuilding that contributes to the significance of a property listed in the National Register

One might be surprised to learn that tax credits are available all around the Lowcountry and not just downtown Charleston that qualify. Here are a few: Historic District (HD) in Summerville, Hampton Park Terrace, a carriage house downtown, a Freedman’s cottage in North Central, Mt. Pleasant HD, Ashley River HD Atlanticville HD Charleston Navy Yard Officer’s quarters HD, French Quarter HD, Moultrieville HD, Pinopolis HD, Pineville HD, Sullivan’s Island HD, Successionville HD to name a few.

What elements qualify?

Money spent in the following categories may be counted as “Rehabilitation Expenses” when calculating the amount of credit:

• restoration of historic plaster
• energy efficiency measures except insulation in frame walls
• repairs or installation of heating, air conditioning, or ventilating systems
• repairs or installation of electrical or plumbing systems exclusive of new electrical appliances and electrical or plumbing fixtures
• architectural and engineering fees.

Allowable expenses do not include the cost of new construction beyond the footprint or volume of the existing building, the cost of acquiring or marketing the property, the value of an owner’s personal labor, or the cost of personal property.

Are there other requirements?

You must spend more than $15,000 within 36 months on Rehabilitation Expenses that qualify.  emember, this is a government program. There will be forms to complete, timelines, reviews, and copious documentation is required.

What is the most important take away?

Do not start any work until the first form is approved by the state of SC.  You must have documentation of every element you intend to claim with before and after photos. You must tract specific expenses scrupulously throughout the process and you must quantify all work. This is not easy and contractors don’t like doing it so you will likely be the project manager for the tax credit work. But remember, it pays well come April 15th.

Charleston Area Market Stats Through April 2019

Spring has SPRUNG and eager buyers are out in full force this season. With beautiful weather and new listings up 4.2%, it’s no wonder competition is fierce for well-priced homes in the Charleston area. Although inventory is still a factor, sellers are poised to make quite a profit in the coming months. With the the national unemployment rate dropping to 3.6% during April 2019 (the lowest level since 1969) we anticipate a positive affect on the real estate market.

Closed Sales -2.6% | Median Sales Price 0.0% | Months Supply 0.0%

Market Statistics by Area

Charleston Area Market Stats Through March 2019

Despite mixed weather patterns across much of the U.S. in the first quarter, prices in the Charleston,SC market moved higher as the Median Sales Price was up 5.8 percent. Many home buyers and sellers are sighing in relief as the Federal Reserve announced there will be no further interest rate hikes planned for 2019. This is great news for the area and we anticipate increasing numbers reflected not only in home sales, but in terms of mortgage rates as well, which typically follow suit.

Closed Sales -9.1% | Median Sales Price + 5.8% | Months Supply -2.6%

Market Statistics by Area

Coastal Resort Living in the Village at Wild Dunes

The Village at Wild Dunes

When it comes an investment in coastal resort living, there’s no better place than the Village at Wild Dunes. Situated at the center of Wild Dunes Resort, The Village offers some of the best accommodations you will find in the area, with options ranging from studios and single rooms to spacious suites and luxurious penthouses. These properties make perfect vacation homes, without all the maintenance and expense of a beach house, and are some of the best investment properties on the Charleston Coast.

Opened in 2008, it is one of the newest properties within the Resort, complete with an in-house concierge and housekeeping service that is available to all owners and guests who stay in its hotel-like guest rooms, studios and suites.

The Village at Wild Dunes condos

Village at Wild Dunes Firepit

Each residence includes access to all amenities within the Wild Dunes Resort* including beach access, an assortment of shops, restaurants and snack bars ranging from take-out to fine dining, several swimming pools, a fitness center, seventeen tennis courts, two golf courses, a spa, and miles of walking and jogging paths.

Below we’ve featured 4 of the best properties within the complex that are currently listed for sale. Enjoy!

*Membership required

423 B The Village at Wild Dunes

2 Br, 2 Ba, 1216 sqft  |  MLS#18004143   Enjoy ocean views from this spacious 2 bedroom, 2 bath fully furnished property. This unit is located on the fourth floor and has an excellent rental history, grossing $65,355 in 2017. Features include granite countertops in the kitchen and bathrooms, stainless steel appliances, and custom drapery. Listed by Joe Walker | 843-345-4510 | jwalker@dunesproperties.com

423B Village at Wild Dunes Main Living Area

423B Village at Wild Dunes Master Bedroom

423B Village at Wild Dunes Covered Patio

412 B The Village at Wild Dunes

1 Br, 1 Ba, 715 sq ft. | MLS# 18022858   This true 1 bedroom, 1 bathroom unit is turn-key and comes completely furnished. It grossed just over $53,000 in rental revenue for 2017. Featured include an eat-in kitchen/living room combo with access to the covered balcony, bright and airy master bedroom and gorgeous master bath. Listed by Judd Borders | 843-817-0227 | jborders@dunesproperties.com

412B Village at Wild Dunes Main Living Area

412B The Village at Wild Dunes Balcony

410 A The Village at Wild Dunes

1 Br, 1 Ba, 715 sq ft | MLS#19005123   This light-filled true 1 bedroom, 1 bathroom unit is move-in ready and shows beautifully. It grossed $43,617 in 2018 and includes updated decor and patio furniture. Listed by Layne McCombs Kipp | 803-586-9553 | lkipp@dunesproperties.com

410A The Village at Wild Dunes Kitchen

410A Village at Wild Dunes Bathroom

408 A The Village at Wild Dunes

1 Br, 1 Ba, 449 sq ft | MLS#18029478   This studio is the least expensive full ownership property you can buy within Wild Dunes Resort making it is a rare investor special! It grossed $40,995 in 2017 and includes granite countertops in the kitchen and bathroom, tile shower and covered balcony. Listed by Judd Borders | 843-817-0227 | jborders@dunesproperties.com

408A Village at Wild Dunes Main Area

408A Village at Wild Dunes Balcony

Whether you’re looking for a primary residence, second home or vacation rental, our knowledgeable agents can help guide you through the process. Contact us today to start the process of finding your dream home in the Village at Wild Dunes.

 

Charleston Area Market Stats Through February 2019

Despite early predictions of a housing market slump, February numbers indicate a resilient market, even with inclement weather in other parts of the country deterring some buyers. While it is too early to predict how the rest of the year will pan out, we do anticipate an active market as the weather gets better and more buyers flock to the city to find their forever homes.

Closed Sales +9.4% |  Median Sales Price + 2.9% | Months Supply -5.4%

Market Statistics by Area

Harleston Gates, Charleston’s Newest Condominiums

Charleston is known for historic beauty and centuries old architecture, but we are excited to introduce Charleston’s newest condominium development right in the heart of the city.  Old world charm meets modern luxury with this impressive project.

Harleston Gates

Only two flats remain in Historic Charleston’s new distinctive address, Harleston Gates. These boutique residences showcase the very best of elegant contemporary living in a classically inspired framework. Flats have private balconies and luxury appointments. Construction is underway and moving along quickly.

An exclusive partnership with Wentworth Mansion offers owners the option for concierge access, preferred reservations at Circa 1886, special inn, spa and restaurant pricing, in-home room service, housekeeping services, and even provisioning services. Harleston Gates also offers a gated entry with covered garage parking; two spaces per residence, electric vehicle charging stations, bicycle storage, a dog-washing station, and their very own doorman.

Charleston's Newest Condominiums

Created by the Lowcountry’s finest luxury development company, Bennett-Hofford Construction, designed by prominent architectural firm, Evans & Schmidt, and featuring renowned landscape architect, Sheila Wertimer, Harleston Gates offers an unparalleled opportunity to experience the essence of Charleston living. Located in Harleston Village, a vibrant and tranquil neighborhood, it is favorably situated a few blocks west of the nationally-acclaimed King Street shopping and restaurant districts.

Charleston's Newest Condominiums

Construction is well underway, with estimated completion in Spring 2020.  For more information on the last two available flats,  contact listing agents Kristin Walker or Beth Huntley.

0 Little Goat Island, a developer’s dream on the ICW

This “one of a find” opportunity does not come on the market very often! Located on the north side of the Isle of Palms and between the ICW (Intracoastal Waterway) and Hamlin Creek, 0 Little Goat Island is a developer’s dream! The seller has no information regarding build-ability but tax records show 24.67 acres of high ground land. The island is only accessible by boat and is an incredible value for the price.

Listed by
Joe Walker
843-345-4510
jwalker@dunesproperties.com

Sullivan’s House, a historic renovation of Sullivan’s Island

Originally constructed in 1924 as a schoolhouse known as the Sullivan’s Island Graded School, the building now known as Sullivan’s House was built in the Craftsman architectural style. By 1938, two wings were added to the east and west, and a portico was constructed at the west wing’s façade. Over the years, this building served as a church and a gathering place and the 1938 footprint remains intact today.

A recent restoration blends historic details mingled with artfully selected modern finishes to create the four luxury residences of Sullivan’s House. The project was developed by a group led by Patrick W. Marr, Steven G. Kleiman, and David C. Stern. Laura Middleton was the lead architect of The Middleton Group, an award-winning firm that has completed many historic renovation projects in Charleston. With interiors by designer Carol Lund, and timeless landscaping by Kelly D. Messier, Sullivan’s House is as beautiful as it is historic.

Listed by
Tim Reese
843.906.1861
treese@dunesproperties.com

Charleston Area Market Stats Through January 2019

January brought out a new crop of buyers with a renewed enthusiasm in a new calendar year. Sales totals may still inevitably start slow in the first half of the year due to ongoing inventory concerns. Despite home affordability continuing to be an issue, early signs suggest the market is beginning to improve, with more homes coming on the market just in time for the summer months.

Closed Sales -16% |  Median Sales Price + 2.7% | Months Supply 0%

Market Statistics by Area

Our #dunes30for30 donations, Feb 2019

We’ve been making the most of our 30th year in business by supporting some of our favorite local charitable organizations, and since it’s Valentines Day, our February donations are all heart.

The Green Heart Project builds gardens in local schools to teach students lessons of respect, teamwork, accountability, and entrepreneurship. They also teach the importance of fresh food, sustainability, and caring for the environment.The Green Heart Project works in conjunction with the local community, City of Charleston, school districts, and local architects to design, develop and install “Micro-Farms.” Each farm is fully irrigated, organic, and self-sustained, providing the students, teachers and community with a rich, urban agricultural experience and teaching tool – and a lot of fresh produce! The students who are involved in the programs are forever changed by this hands-on, experiential learning. Check out the volunteer opportunities, ways to donate, and other ideas to generally get involved on their website. (Thanks to Emily Gildea for nominating!) 

 

HEART, an inclusive arts community provides visual arts, music, and performing arts mentorships and community engagement for adults with special needs. Since 2014, HEART has helped adults with special needs create compelling art, lasting relationships, community support, accomplishment, acceptance, a higher self-esteem and a sense of purpose and meaning. If you get the opportunity to see a performance by this group, do not miss it! There are opportunities to mentor and otherwise volunteer (as well as donate) on their website and we encourage you to join us in supporting Charleston’s “HEARTists.” (Thanks to Rebecca Narkiewicz for nominating!) 

 

In addition to our #dunes30for30 donations, we’ve also signed a sponsorship agreement with the Charleston Jazz Orchestra for their 2019 Season.  We’re honored to support a group that offers not only wonderful musical performances throughout the year at the Charleston Music Hall, but also provides educational programs and community outreach.

 

We are also sponsor of the upcoming Wine, Women, and Shoes event (at the new Hotel Bennett!) supporting the Florence Crittenton Programs of SC.

 

IOP Gals Clean Up at Adopt a Highway

 

And finally, Very Special Thanks to Rebecca & Jeff Narkiewicz, Jack Hurley, Judd Borders, Scott Pierce, Betty Poore, John Grimm, Nicole Brooks, Christy Humphries, Donna Bell, Beth Putman, and Susan Petty for volunteering with Adopt a Highway – on a Saturday – to keep Palm Blvd clean 🙂

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