MOUNT PLEASANT — A 20-year-old home overlooking Charleston Harbor at the mouth of Shem Creek has set a new residential sales record for South Carolina’s fourth-largest municipality.
The 7,015-square-foot, Southern-style mansion at 100 Haddrell St. in Mount Pleasant was sold April 17 for $14.95 million, far above the previous record of $8.65 million set two years ago for another home in the town’s pricey Old Village area.
The new owner is 100 Beach LLC, according to Charleston County land records.
The sale appeared to be an all-cash deal, as no mortgage has been recorded with the Register of Deeds. It was an off-market transaction, meaning the home wasn’t publicly marketed or listed.
The 1.32-acre property last changed hands in 2010, when the previous owners bought the five-bedroom, 5½-bathroom house for $7.5 million, setting a new record residential sale price at the time for Mount Pleasant.
Built in 2003, the waterfront house includes a dock, elevator, three-car garage and a saltwater pool.
Nancy Hoy with Carolina One Real Estate represented the sellers. Alex Brener, who was with William Means Real Estate at the time of the sale but has since joined Carolina One, represented the buyer.
The house at 100 Haddrell St. in Mount Pleasant overlooks Shem Creek and Charleston Harbor. It’s now under new ownership. File
The transaction suggests that the upper stratosphere of the residential market is largely unaffected by rising interest rates and other economic challenges.
Last month, a few blocks southeast of Shem Creek, a home at 205 Ferry St, was sold for $8.4 million.
Last week, in downtown Charleston, a pre-Revolutionary War-era house at 13-15 Meeting St. changed hands for $12.6 million.
On Sullivan’s Island, three homes have fetched prices ranging from nearly $8 million to more than $10 million this year.
“As Charleston continues to grow and gets more and more exposure, we are definitely attracting more serious high-dollar buyers to our community,” said Michael Scarafile, president of Carolina One, the largest-volume residential real estate agency in the Lowcountry.
The uptick in interest by deep-pocketed buyers for luxury housing started with COVID-19 as people began to work remotely and sought a better quality of life, Scarafile said.
“That hasn’t stopped,” he added.
Lyles Geer, president of William Means Real Estate, said the recent flurry of big-ticket purchases is being driven in part by low inventory levels for top-tier homes.
“There is a lack of supply in the ultra-luxury market,” Geer said. “When those homes do become available, they fetch a much higher price.”
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