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A new record for Charleston Condo Real Estate!

This is the duplex penthouse of the People’s Building, Charleston’s first skyscraper, is the second tallest building in downtown Charleston and features a 360-degree view of the “The Holy City” as well as the Ashley River, Cooper River, the Arthur Ravenel Bridge, and the Charleston Harbor.

A world renowned architect/designer orchestrated this amazing penthouse from its original steel and concrete beginnings. The elegance and sophistication of 18 Broad Street encompasses the top 2 floors of the building comprising 7,687 square feet and an additional 3500 square foot roof top lusciously landscaped garden.

The private entrance opens onto the 8th floor which leads into breathtaking entertaining spaces and the grand master suite of more than 1500 square feet. A spacious master dressing closet with breakfast bar, and the gourmet kitchen containing Sub-zero and Miele appliances, Viking gas range , double ovens and counter tops made of Calcutta gold marble are also located on this level. Two guest suites and an independent kitchen on the ninth floor enjoy breezes from the roof top garden.

Turkish Limestone floors, two Sub-Zero 132 bottle wine chillers, and exquisite chandeliers are among a few of the many appointments. All of the 78 windows and doors have 3M tinting allowing UVA and UVB protection. Three dedicated and gated parking spaces are under video surveillance at all times. Perfectly located in the art haven of the French Quarter within walking distance of the best shopping and dining.

This property is one of a kind in Charleston Real Estate and is the definition of Charleston elegance while maintaining security and exceptional privacy.

Sale Info

New Owned: Pre-Owned

Bedroom Info

Beds: 3

Master Bedroom: Sitting Room, Multpl Clset

Baths Info

Full Baths: 3

Half Baths: 1

Other Rooms Info

Rooms: Frmal Living, Foyer, Study, Sep Dining, Great Room, Laundry, Utility, Media, Office

Utilities / HVAC

Heat: Electric

Cooling: Central

Wat Swr: Public Water, Public Sewer

SqFt Info

Sqft: 7516

Parking Info

Gar Pkg: Attached, Off-St Prkng

Interior Features

Msc Intr: Wet Bar, Wlkin Closet, 9+ Ceilings, Kitchen Island, Elevator

Floors: Wood, Stone

Fireplace: Living Rm, Great Rm, Gas Logs

Exterior Features

Exterior: Block/Masonry, Stucco

Misc Ext: Deck, Patio, Partl Fence, Spcl Lights

Courtesy of listing office Handsome Properties

To arrange a private showing, please call- Shawn Pillion at 843.647.9711

Shawn is one of Charleston’s Premier Buyer’s Agents, a Realtor of Distinction, and owner of ChuckTown Homes- he can be reached at Shawn(at)ChuckTownHomes(dotted)com

The Post and Courier

$19M highrise condo could set new high in Lowcountry’s home sales market

  • Tyrone Richardson
  • Posted: Monday, January 13, 2014 10:00 p.m., Updated: Tuesday, January 14, 2014 6:30 a.m.

And, if sold at its $19.5 million list price, the expansive two-story penthouse could mark another high: the largest amount ever for a condominium in the historic city.

The 7,516-square-foot, two-story residence in the Peoples Building has three bedrooms and 31/2 baths. It also has 3,500 square feet of terrace space, and panoramic views of the city, Charleston Harbor and the Ravenel Bridge.

The condo is currently owned by Terri Henning, who purchased the top unit at an auction in 2003. Henning, who owned the floor right below the top penthouse, offered $1.2 million for the upper-level space that was later combined to make the two-level residence.

Henning, a Charleston real estate investor, was one of several buyers to purchase one of the 16 vacant units during the 2003 auction held on building’s balcony.

Now, Henning’s two-level unit is poised to be the latest high-profile example in what experts have dubbed a rebounding of the region’s multimillion-dollar real estate market.

The Lowcountry market has been posting double-digit growth, including the high-end market, which is recovering from the tailspin witnessed during the recession and its aftermath.

The Charleston Trident Association of Realtors reported home sales were up 22 percent in 2013. The region’s high-end market was even stronger.

For 2013, a total of 291 multimillion-dollar homes exchanged hands in Charleston County. That’s up nearly 40 percent from the 209 properties sold in 2012, according to the association’s data.

The strongest segment in the million-dollar market were properties priced between $1 million and $2 million, which accounted for nearly 76 percent of all million-dollar transactions in 2013.

Those in the Lowcountry’s high-end market come from a variety of backgrounds, including retirees and those migrating from the Northeast, and there’s an uptick in foreign buyers, Realtors say.

“As Charleston has become a more attractive destination for people all over the world, the market for buyers of our high-end property has expanded considerably,” said association spokeswoman Meghan Byrnes Weinreich. “The largest improvement in the Charleston County high-end real estate market was in the 3 to 4 million (dollar) range, which increased nearly 200 percent year over year.”

The improving market is fueling optimism for John Dunnan of Handsome Properties Inc., who’s listing the $19.5 million Peoples Building penthouse.

“I feel very privileged and excited to have it, and I’m heading to Monte Carlo to present it during the international real estate conference,” Dunnan said. “I’ve had various positions in various arts organizations, including The Kennedy Center, and I’m exposed to a lot of capable buyers.”

Finding buyers for such as high-end listing will have Dunnan casting a wide net.

“We have a whole marketing plan that has a local, national and international component to it,” he said. The property boasts such details as a private entrance, 1,500-square-foot master suite, gourmet kitchen containing Sub-zero and Miele appliances, a Viking gas range, double ovens and countertops made of Calcutta gold marble. Other details include two guest suites, Turkish limestone floors, chandeliers and two Sub-Zero 132-bottle wine chillers.

Dunnan said he’s confident the Charleston market can accommodate such a listing.

“The economy is improving and the market is just arriving,” he said. “We took the appraised value for a listing in New York City and cut it half for comparable size with the same interior designer.”

Dunnan’s listing rivals high-priced properties commonplace in larger cities such as New York, Atlanta and Miami.

At its $19.5 million asking price, the condo eclipses all condos and million-dollar homes sold in the Lowcountry in 2013.

That includes the region’s largest residential sale for the year: 191 Ballybunion Drive on Kiawah Island, which netted $10.75 million. The 8,034-square-foot, ocean-view estate on the Atlantic side of the island has waterfront views, six bedrooms, seven bathrooms and two half baths.

Still, some experts say the Lowcountry’s high-end real estate market is gaining momentum already this year.

“The market, in general when you get above the three-million, is good,” he said. “We’re already seeing three to four closings above $3 million in January and a couple before June.”

Sullivan said the high-end market has been “steady over the last two years.”

The buyers, he said, come from a variety of backgrounds, including those migrating from the New York City metropolitan area. “The migration has always been happening here in Charleston,” he said. “We have seen an increase and their market is more fluid and they can sell their (current) properties and that is very important.”

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