Charleston Real Estate: 1716 Brantley Drive Unit B Sold for $505,000
A multi-family property located at 1716 Brantley Drive Unit B in Charleston, South Carolina, sold for $505,000 on May 26, 2024. The residence, which features four bedrooms and two bathrooms across 1,475 square feet of living space, represents a transaction within the competitive James Island housing market. According to public property records accessed through Charleston County land records, the sale reflects current pricing trends for multi-unit residential assets in the 29412 ZIP code.
Market Context for James Island Properties
The sale of 1716 Brantley Drive aligns with the broader performance of the Charleston real estate market, where demand for multi-family units remains steady. Data from the Charleston Trident Association of Realtors indicates that properties on James Island often command premium pricing due to their proximity to downtown Charleston and Folly Beach. Investors and residents alike prioritize these units for their versatility, as they can serve as primary residences or income-generating rental properties.
Property Specifications and Valuation
The property at 1716 Brantley Drive consists of 1,475 square feet of interior space. When assessing the $505,000 sale price, market analysts typically look at the price per square foot, which in this instance equates to approximately $342. According to Zillow’s market data, this valuation is consistent with recent sales of similar multi-family configurations in the area, which have seen sustained appreciation over the last 24 months. Factors influencing this price point include:
- Location: The 29412 area code is a high-demand corridor for both long-term and short-term housing.
- Layout: The four-bedroom, two-bathroom configuration is a preferred model for families and rental tenants.
- Maintenance: Historical property assessments from the Charleston County Assessor’s Office show the building’s year of construction and tax history, which impact final sale negotiations.
Comparison: Market Trends in Charleston
To understand the significance of this transaction, it is helpful to compare it against regional averages. While single-family home prices in Charleston’s urban core have seen rapid acceleration, multi-family units in suburban zones like James Island provide a different value proposition. The following table highlights common metrics used to evaluate such properties:
| Metric | Typical Market Range (29412) |
|---|---|
| Average Sale Price | $450,000 – $550,000 |
| Days on Market | 15 – 45 days |
| Price per Sq. Ft. | $300 – $400 |
Future Outlook for Charleston Residential Assets
The Charleston housing market remains influenced by limited inventory and consistent population growth. According to reports from the U.S. Census Bureau, South Carolina has experienced significant inward migration, which continues to put upward pressure on home values across the Lowcountry. For buyers interested in properties similar to the Brantley Drive unit, experts suggest monitoring the Charleston County Register of Deeds for upcoming listings and verified sales data to ensure accurate market positioning.
As of late 2024, the outlook for multi-family assets remains stable. Investors are closely watching interest rate adjustments by the Federal Reserve, which influence mortgage availability and overall purchasing power in the region.