Commercial real estate brokers in Sullivan's Island, SC

Commercial Real Estate Sullivan's Island, SC

With an average of 230 days of sunshine each year, a low cost of living, and endless recreational activities, Charleston is a joy to call home. As the second most popular place to live in the U.S., metro Charleston is booming, not only with new residents but with new construction and property investment opportunities too. But with the Tri-County's rapid rate of growth comes increased real estate demand and complexity. That's especially true for commercial real estate transactions. According to CoStar, near-zero vacancy rates and short supply have forced rents and sales to reach record highs. At the same time, online medical and grocery purchases, along with last-mile delivery needs, have driven a new desire for industrial space.

It's safe to say that there is a lot of opportunity on the table for commercial real estate sellers and investors in South Carolina. But capitalizing on that opportunity without the proper market knowledge, relationships, or risk analysis can actually be counterproductive to your goals. That's where Coldwell Banker Commercial Atlantic's commercial real estate brokers in Charleston, SC, come into play.

As experts in the commercial real estate industry for more than 37 years, our brokerage provides the highest level of service to clients in today's rapid, constantly-changing business climate.

Service Areas

The Coldwell Banker Commercial Atlantic Difference

At Coldwell Banker Commercial, we pride ourselves on having local power and a global presence. Our clients entrust their complex and lucrative commercial real estate deals to us because they understand the value of working with brokers who are familiar faces within the community. On any given day, you could be standing next to one of our brokers at a grocery store or local restaurant. As your friends and neighbors, we're proud to call the Lowcountry home. Though we have local roots, our resources and expertise are backed by a global network. That power gives our commercial real estate clients peace of mind, knowing they have access to a dynamic and diversified brokerage of highly-trained and educated agents.

 Commercial Real Estate Brokers Sullivan's Island, SC

From general commercial leasing services and property management to investment guidance and new property site selection, our team works tirelessly to exceed your expectations and meet your goals. Whether you're looking to buy, sell, lease, or develop, our commercial real estate brokerage in Sullivan's Island, SC provides the up-to-date advice and time-tested market knowledge needed to facilitate any commercial real estate transaction, large or small.

Some of the commercial real estate specialties we focus on in South Carolina include:

  • General Brokerage and Commercial Real Estate Leasing Services
  • Commercial Investment Analysis
  • Commercial Property Management
  • Commercial Property Development
  • Commercial Construction and Project Management
  • Disposition, Acquisition, and Work-Out Properties

At the end of the day, our commercial brokers and agents aren't satisfied until you're a happy customer. That's why every service and decision we recommend is made with your best interests in mind.

Commercial Real Estate Sullivan's Island, SC

Why Hire a Commercial Real Estate Broker in Sullivan's Island, SC?

Perhaps you're in a situation where you need more space for a growing business. Maybe, instead, you want to capitalize on low-interest rates and buy a commercial real estate investment property to bolster your portfolio. Whatever your needs may be, whether as an investor or a small business owner, your goals are probably the same: lock in the best value and negotiate optimal terms for leasing, buying, or selling. When it's all said and done, you want to minimize expenses and maximize your ROI.

Unfortunately, commercial real estate is complex by nature. Given today's ever-changing real estate landscape and the challenges of our economy, working with a commercial real estate agent is the savviest way to save money and lessen the likelihood of making a poor investment.

That's because the very best commercial real estate brokers, like those at Coldwell Banker Commercial Atlantic, do more than putting "for sale" signs in yards and in newspapers. They have the tools and training to source and present research apropos to your commercial real estate purchase or sale. They also have the ability to provide transaction and advisory services to ensure every aspect of your CRE process goes smoothly and efficiently. But we're getting ahead of ourselves. Here are a few of the biggest reasons to work with a commercial real estate broker in South Carolina.

Save Money

Save Money

Unsurprisingly, money is one of the biggest reasons why people steer clear of CRE brokers - for the cost savings. Yet, just about every commercial real estate transaction is managed by a commercial real estate brokerage. Why might that be? The answer is that smart business owners, executives, and investors know that the most lucrative cost savings stem from good planning, time management, and successful negotiations. Only an experienced commercial real estate broker can provide you with those features while also properly structuring your commercial real estate deal.

Manage Your Time

Manage Your Time More Effectively

Commercial real estate investors and business owners often have jam-packed schedules with little time to spare for anything other than day-to-day operations. If that sounds familiar, you know how crucial time management is for commercial real estate. By working with a seasoned broker, you can uphold your daily responsibilities while they provide guidance and manage the minutia of your CRE dealings.

Specialized Systems

Access to Specialized Systems and Data

Reputable commercial real estate brokerages provide access to a bevy of information that is pertinent to your commercial real estate goals. We're talking vacancy and absorption rates, the latest sales price data, comparative labor and tax costs, and more. Your broker will help break down this information so that you can make the most informed decisions possible. Brokerages like Coldwell Banker Commercial Atlantic also have systems and software to facilitate complex real estate processes while eliminating unneeded costs. The combination of accumulated data and exclusive systems results in a more cost-effective, efficient way to meet your real estate requirements on terms that are beneficial to you.

Success and Experience

Years of Success and Experience

As is the case with most things in life, practice and repetition are essential in honing skills and achieving business success. The truth is that no amount of money or "how to" articles can suffice for decades of real-world, hands-on experience. Sure, you can find a litany of commercial real estate info online. But those articles won't teach you about navigating the nuances of structuring advantageous purchase terms or completing complicated due diligence tasks. A successful commercial real estate broker in Sullivan's Island, SC, will have no problem executing these often-confusing processes because they've done it dozens and dozens of times before. This priceless experience is your best resource for successful commercial real estate initiatives.

Service Integration

Service Integration

One of the biggest advantages of working with a commercial real estate brokerage is their ability to provide necessary services that are relevant to your real estate needs. As a Coldwell Banker Commercial affiliate, we are part of a network that allows us access to accounting, legal, and other services needed on your real estate journey. Finding and vetting these services can be very costly and time-consuming, which is unneeded stress that we're happy to remove from your plate.

Purposeful

Purposeful and Engaging Marketing

For any project to be successful, a strategic marketing plan must be implemented to achieve the desired results for our clients. The methods of exposing and promoting a property must be creative, innovative, and unique to your property. At Coldwell Banker Commercial Atlantic, we utilize the most effective methods that make sense for your property in South Carolina, including:

  • Print Materials
  • Digital Marketing
  • Design Renderings
  • Photography
  • Weekly and Monthly Advertising
  • Affiliation Marketing
  • Signage
  • More
Negotiating Acumen

Negotiating Acumen

If you're reading this page, chances are you're successful to some degree and have entered negotiations a time or two in your professional life. While that's nothing to sneeze at, the art of negotiating in the commercial real estate industry is a skill that must be honed over years of transactions. In the world of CRE, transaction negotiations are often time-consuming and stressful - two things you don't need in your life. Your commercial real estate broker will use their experience to relieve you of that stress so that you can focus on growing your business or serving tenants.

Knowledge of Local Markets

Knowledge of Local Markets

One of the most valuable reasons for working with a commercial real estate brokerage is that staff have a deep understanding of South Carolina's real estate market. In the Lowcountry, trends and market conditions are constantly changing. Opportunities are lost and found daily.

With this market knowledge, your commercial real estate broker in Sullivan's Island, SC, can provide an easy-to-understand analysis of various commercial properties within your budget. They'll know what relevant properties are leased or sold for and how much. Savvy commercial real estate brokers are also always informed on local demographics and market indicators that impact your commercial real estate goals. For instance, with COVID becoming a more accepted part of our lives, leasing, and sales in retail have taken off, especially for Class A and Class B centers.

Brief Overview A Brief Overview of Our Specialties

At Coldwell Banker Commercial Atlantic, we specialize in several commercial real estate services. Though each service is comprehensive and will differ for each client, here is a brief overview to help you understand the scope of our abilities.

Brokerage
General Brokerage and Leasing Services

We're proud to say that our commercial real estate brokers in Sullivan's Island, SC, are equipped with all the necessary skills and traits to make your life easier. From transactional needs to marketing strategies, our experience and market knowledge is second to none, allowing us to ensure your success in today's market.

Property Management
Property Management

In an ever-changing commercial real estate industry, our approach to property management is constantly evolving. Our team has extensive experience in commercial real estate management and recognizes its importance as a foundation for long-term value and wealth. As such, Coldwell Banker Commercial Atlantic provides tailor-made property management packages that meet your specific assets needs and objectives.

Construction Management
Project and Construction Management

Whether you're entering a build-to-suite or remodeling a commercial property, our associates are ready to represent you with facility planning, design, construction, zoning restrictions, and so much more. If you're looking for a brokerage that can guide you through every step of the construction process with your goals and budget at heart, look no further than Coldwell Banker Commercial Atlantic.

Investment Analysis
Investment Analysis

Coldwell Banker Commercial Atlantic provides comprehensive investment analytics to better evaluate potential investments and increase return on those investments. Additionally, our team can facilitate single or multiple-location transactions and also find alternative financing recommendations if needed.

Property Development
Property Development

From selecting the perfect building site for your property to overseeing its initial construction, our associates provide experience and expertise when you need it most, covering every step and service of property development. If needed, our team can assemble the right professionals to ensure your property is developed to your unique specifications and applicable regulatory standards.

Acquisition
Acquisition, Disposition, and Work-Out Properties

Our commercial real estate brokerage represents clients in both the disposition and acquisition of property and works directly with you to determine your needs. We then strive to improve efficiency and reduce costs. We also assist financial institutions and government agencies in the management and disposition of ‘troubled properties.' Our firm incorporates its spectrum of services to efficiently turn these properties around and improve their value for ultimate disposition.

 Commercial Real Estate Brokers Sullivan's Island, SC

Time-Tested Tips for Commercial Real Estate Investing

If you're just getting started in commercial real estate investing, you're probably searching for reliable advice and best practices to follow. While hands-on experience and guidance from a commercial real estate broker are always best, a little advice never hurts. After all, there's a wide world of opportunity out there. As you begin to build a more robust portfolio, keep these tips and tricks in mind.

Take Your Time

Take Your Time

Commercial real estate deals can take a lot longer than traditional single-family transactions. That's true throughout the entire process, from purchase, to renovation, to selling. That's not a bad thing - after all, having impatience is a good way to rush into a poor decision. Instead of a means to quick cash, think of commercial real estate deals as a large bonus or as a vehicle for retirement.


Keep an Open Mind

Keep an Open Mind

Many commercial real estate investors jump right into the multi-family property space. However, it's essential to keep other types of properties in mind, such as mobile homes, office buildings, land, and even mobile home parks. Forget about your comfort zone. Instead, weigh your options and choose a niche that helps you meet your goals.


Financing

Search for Great Financing Before Making Offers

Commercial loans are quite different than their residential counterparts. In some ways, they're better. Though down payments are typically higher, meaning you'll put more down, there's often no personal liability involved. Plus, commercial loans can be more forgiving when borrowing money for down payments. The bottom line is to search for the best lenders before making an offer. If you're having trouble, ask your commercial real estate broker for assistance, as they often have connections and partnerships with relevant entities.


Learn the Appropriate

Learn the Appropriate Formulas

If you're used to buying residential homes, you're probably familiar with some formulas, such as buying 75% of after-repaired value minus the estimated cost of repairs. Depending on the type of commercial property you're buying or selling, you'll have different formulas to learn. Two examples are Cap Rates and Net Operating Income. Learning these formulas can be very beneficial when making an offer.


Real Estate

Lean On Your Commercial Real Estate Agent in Sullivan's Island, SC

If you find yourself discouraged with the commercial real estate game, remember that the team at your commercial real estate brokerage is there to make your life easier. At Coldwell Banker Commercial Atlantic, we have a powerful brokerage with a team of over 20 highly skilled and educated agents. Our job is to serve you, whether you're a new investor looking for your first deal or an experienced property owner looking for 1031 tax investment advice.

Commercial Real Estate Sullivan's Island, SC

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Latest News in Sullivan's Island, SC

The Most Expensive Beaches in South Carolina to Buy a Second Home

Have you ever dreamed of rolling out of bed to watch the sun rise over the ocean waves? Do you find that a week at the beach is too short? If you love to spend your days searching for sea shells, watching for marine wildlife, or simply walking in the sand, you may have thought about purchasing a second home that would let you enjoy the ocean any time you please. In fact, some of the beaches in ...

Have you ever dreamed of rolling out of bed to watch the sun rise over the ocean waves? Do you find that a week at the beach is too short? If you love to spend your days searching for sea shells, watching for marine wildlife, or simply walking in the sand, you may have thought about purchasing a second home that would let you enjoy the ocean any time you please. In fact, some of the beaches in South Carolina are among some of the most popular in the entire country.

Each year, thousands of visitors flock to Myrtle Beach, Hilton Head Island, and other beachside towns in South Carolina and its neighboring states of Georgia and North Carolina. Yet if you have ever considered purchasing a beach house, you know that oceanfront property does not come cheap. This article covers five of the most popular and most expensive beaches in South Carolina. You will discover basic facts about each place and the key numbers that prove that they are among the most expensive places to buy a beach house in the entire state. Let’s dive in now, starting with the most expensive beach community in South Carolina.

Sullivan’s Island

First on the list of most expensive beaches in South Carolina is the town of Sullivan’s Island. Sullivan’s Island is a barrier island close to Charleston Harbor. This 2.5-mile island has a small-town feel with gorgeous beaches, marshes, and plenty of history and culture for visitors to enjoy. Located only about 10 miles outside of downtown Charleston, you can reach Sullivan’s Island after a quick 20-minute drive. This beach town is a popular destination for families with young children and retirees alike and provides plenty of award-winning restaurants, watersports like kayaking and swimming, and historic landmarks.

The quiet, picturesque town gives residents and visitors a sense of rural peace while a population of only about 2,000 ensures that neighbors know each other. The majority of homes are owned, with fewer than 20% of residents renting their homes on Sullivan’s Island. However, purchasing a home here will come at a steep price tag.

In June 2023, the average home price in Sullivan’s Island was around $3 million – but in 2022 the majority of single-family homes in Sullivan’s Island sold for $3.8 million. Halfway through 2023, the year’s median was up to $4.7 million. In June 2023, one oceanfront home sold for an incredible $6.29 million, setting a record for the year. Back in November 2020, another oceanfront villa sold for a whopping $8.2 million! Not only is Sullivan’s Island the most expensive beach community in which to buy a house in South Carolina, but it is also one of the top most expensive in the country!

Kiawah Island

Next up is Kiawah Island, a beach in South Carolina called an “oasis of untouched natural beauty and renowned hospitality.” The town of Kiawah Island is located about 21 miles outside of Charleston. With 10 miles of beaches and diverse habitats – from sand dunes to forests and marshes – Kiawah Island is the place to find wildlife thriving. From sea turtles to alligators and whitetail deer and bobcats, Kiawah Island is a window into ocean ecosystems and land mammals alike. This resort island has world-renowned golf resorts, including the famous Kiawah Island Golf Resort which has hosted golfing championships.

This charming resort island has a regular calendar of events, a thriving restaurant and shopping scene, and plenty of opportunities for outdoor adventure. Buying a home on Kiawah Island, however, could be an adventure of its own. Most of the homes on Kiawah Island are rented out during the year to the numerous guests visiting the beaches. Homeowners can expect to pay steep homeowners association (HOA) fees, significant upfront costs, flood insurance, and more. However, the local market makes up for that with a lot of options. Do you want to live in a condo? Would you prefer to buy a house? Are you looking for a beachfront mansion? Whichever it is, Kiawah Island has it all.

In 2022, the median price of a single-family home was $2.7 million. The island saw an incredible $742 million in sales.

Isle of Palms

The town of Isle of Palms is located on the barrier island also called “Isle of Palms.” This residential and resort community with a population of just over 4,300. Take a 20-minute drive from Charleston, and you might end up walking the six miles of white, sandy beaches. Isle of Palms has many bike paths around the island, lots of recreation facilities and opportunities to enjoy every sport from tennis to softball. On the north end of the island, the Wild Dunes Resort commands 1,500 acres of land. There, you will find pools, tennis courts, and golf, as well as homes and vacation rentals.

Isle of Palms is often voted one of the best places to live in South Carolina since the town offers plenty of restaurants and activities and operates like a tiny city. This self-contained ecosystem has everything you will need to live or vacation in a beachside house.

However, purchasing a home on the Isle of Palms might not be easy. In 2022, the median home price for a single-family home was $1.98 million. Yet by June 2023, the median home price was already up to $2.15 million – and prices still seemed to be on the upswing.

Folly Beach

Folly Beach is a town on Folly Island. In this beachfront city just south of Charleston, life revolves around the ocean. Whether biking the beachfront trails, kayaking, surfing, swimming, or boating, visitors flock to Folly Beach to enjoy the sun, surf, and sand. This 12-square-mile barrier island offers 6 miles of beaches and a quirky assortment of local businesses – from seafood restaurants to cafes and small shops.

Folly Beach is also steeped in history. From pirate legends to Civil War history, Folly Beach was historically the site of dastardly deeds and military occupation. Despite being abandoned after the Civil War and later being hit by devastating hurricanes, Folly Beach made an amazing comeback during the 20th century. Today, the boardwalk and the many local attractions bring thousands of visitors to the town that 2,400 residents call home.

In 2022, the median cost of a single-family home in Folly Beach was $1.66 million. Even a small two-bedroom bungalow could easily set you back $1.2 million.

Seabrook Island

Yet another Charleston-area beach town is Seabrook Island. This small, welcoming oceanfront community boasts of natural beauty, miles of pristine beaches, forest, and marshland. Seabrook Island is a private community on a gated barrier island. This means that Seabrook Island is exclusively accessible to residents and their guests. Privacy, peace, and nature attract members who want to enjoy the natural wonders away from crowded beaches.

Thanks to its exclusivity, Seabrook Island features many luxury homes, including those that look out at the ocean or feature river, marsh, forest, or golf course views. As a planned community, Seabrook Island’s designers sought to maintain the natural habitat, keep the local wildlife, and provide luxury real estate.

Unlike in other towns on this list, there is a unique process to become part of the Seabrook Island community. The Seabrook Island Real Estate team is your official source for buying and selling homes in Seabrook Island. You get the choice to buy a unique home or build your own, with the chance to surround yourself with incredible sights. The average home size on Seabrook Island is about 3,000 square feet. With 2,600 residential properties, you can choose from among 38 different mini-communities “within the community” – get a villa, cottage, or townhome.

In 2022, the median cost of a single-family home on Seabrook Island was $1.2 million. By June 2023, that cost had risen to $1.37 million.

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SCE&G’s former seaside worker perk eyed for $30M-plus social club on Sullivan’s Island

SULLIVAN’S ISLAND — A newly formed development group plans to invest more than $30 million to acquire and renovate a 90-year-old, vacant private oceanfront club on this seaside enclave.But elected officials want more details before signing off on allowing a commercial project in a residential area....

SULLIVAN’S ISLAND — A newly formed development group plans to invest more than $30 million to acquire and renovate a 90-year-old, vacant private oceanfront club on this seaside enclave.

But elected officials want more details before signing off on allowing a commercial project in a residential area.

Sullivan’s Island Bathing Co. is asking the town to allow a members-only social venture called the Ocean Club at 1735 Atlantic Ave. as a conditional use in an area zoned for single-family homes.

Shep Davis, the development firm’s managing partner, pointed out last week that the property operated as a private club for close to a century without being open to island residents.

Under this latest proposal, they’ll have that option for the first time — at a cost of a $60,000 sign-up fee and an estimated $500 in monthly dues.

The property had been known for decades as the Sand Dunes Club. It was a private beachside retreat for employees of the former South Carolina Electric & Gas Co., which Dominion Energy acquired in early 2019 after the V.C. Summer nuclear plant debacle 18 months earlier.

The Richmond, Va.-based utility closed the property at the onset of the COVID-19 pandemic in early 2020, and it never reopened, according to attorney Brian Hellman, a Sullivan’s resident who is representing the development group.

Built in 1933 for $14,000, the then 5,400-square-foot structure was called Jasper Hall, an officer’s club for military personnel stationed at nearby Fort Moultrie. SCE&G acquired it in the 1950s and expanded it over the years to just under 10,000 square feet.

Davis said the property has not been properly kept up for several years and is in disrepair.

One neighbor recently complained of the uncovered pool starting to smell and becoming a breeding ground for mosquitoes. Hellman and Davis said the pool is being maintained.

$30 million-plus

Davis estimated it will take an investment of “in excess of $30 million” for his group to buy the property, overhaul the building and amenities and place a stormwater retention pond underground. Retrofitting the pool alone, he said could cost half a million dollars.

Improvement plans include offering separate pools for families and adults, upgrading the existing building and landscaping the parking area. The developers also would add a fitness center, dining terrace and gazebo along with a new entry area off a beach access path.

“We can preserve the building and re-create the club for its historical use,” Davis said.

Hellman said the current proposal comes after gathering input during several meetings with residents and town leaders over the past few months.

He said the private-membership venue will provide a place for homeowners to eat and exercise without having to drive off the island or jockey for tables with tourists at the restaurants in the town’s small business district.

“It will be a gathering place to socialize that won’t compete with beachgoers,” Hellman said. “Dining will not be open to the general public and will reduce the need for residents to leave the island.”

The 3.5-acre club site is owned by a company affiliated with Charleston real estate investor John Derbyshire, the former owner of the chain of Money Man Pawn shops. The firm paid Dominion $16.2 million for the property in 2022, according to Charleston County land records.

A large house is being built for Derbyshire, who plans to remain a partner in the project, on part of the property next to the club, according to Hellman.

Members matters

The developer said the goal is that the Ocean Club will be open to all Sullivan’s residents who want to join. Davis estimated the venture will need at least 400 members to get the project off the ground.

The proposed Ocean Club would give priority to individuals and families who primarily reside on the island, said Jim Wanless, one of the partners. Off-island residents could join, too.

The proposed parking rules to allow a social club in a residential area require at least one parking space for every 10 memberships whose primary or secondary residences are within 2½ miles. Sixty percent of those spaces must be designated for golf carts and low-speed vehicles.

For members living outside the 2½-mile range, which is basically anyone who doesn’t live on Sullivan’s, one vehicle parking space would be required for every five memberships.

The rules also would require one bicycle space — through a rack or corral — for every 20 memberships.

“For whatever the number will be of those living off the island, they most certainly would come by car,” Davis said. “On-island residents would have much less need for parking” since they’d have the option to come by golf cart, bike or foot.

Tentative plans call for 50 car parking spaces, at least an equal number of golf cart spaces and “adequate” bicycle parking spaces, Hellman said.

Though the membership will be open to all island residents, the developers don’t expect everyone to join. They also have not set a cap on membership.

“We are trying to come up with the right number of members for the club without excluding property owners,” Davis said.

Talking to the town

During a public workshop last week, where a standing-room-only crowd spilled into the hallway, the developers addressed a list of written questions from elected officials, including the benefit to the town if the club is allowed.

Davis said, under the current zoning, the property could be sold for residential development that would allow three to five homes that could be taxed at the 4 percent rate if they are primary residences. If the club use is allowed, the developers will pay the 6 percent commercial property tax as well as licensing and permit fees.

The developers also said they won’t allow corporate memberships or agreements with hotels to provide dining or other services. In addition, no reciprocal-use deals with other private clubs are planned.

The projected hours of operation are 6 a.m. to 10 p.m. Sunday through Thursday for interior services, with the earliest morning hours set aside for fitness activities. The club would be open until midnight on Friday and Saturday. Outdoor activities would be allowed 6 a.m. to 10 p.m. each day except until 11 p.m. Friday and Saturday.

Some island residents see the idea as another amenity for Sullivan’s while others are concerned about increased traffic and noise a club would bring to a residential area.

In letters to the town, supporters pointed to the property’s long history as a site for dining, fitness, sports, recreation and cultural, educational and social events. They said those uses should continue to be allowed.

Others said they’re against the rezoning to allow a restaurant or for it to become a for-profit entity.

Town Council is expected to discuss the issue further and take public input during its meeting Aug. 15. Mayor Patrick O’Neil cautioned the developers not to expect a quick decision.

“This council proceeds pretty deliberately,” he said.

This is the most expensive neighborhood in SC and what it costs to own a home there

There are expensive places to live in South Carolina.Then there is Sullivan’s Island.CashNetUSA recently ranked Sullivan’s Island as the most expensive neighborhood in South Carolina. The ranking is part of a list of most expensive neighborhoods in every U.S. state, based on Zillow data.Home prices across South Carolina overall ha...

There are expensive places to live in South Carolina.

Then there is Sullivan’s Island.

CashNetUSA recently ranked Sullivan’s Island as the most expensive neighborhood in South Carolina. The ranking is part of a list of most expensive neighborhoods in every U.S. state, based on Zillow data.

Home prices across South Carolina overall have skyrocketed the last two years. For instance, the median home sales price in the state was $311,032 in the first quarter of 2023, up 22% from the first quarter of 2021, according to South Carolina Realtors.

And yet, that is all chump change compared to home ownership in Sullivan’s Island. A home there costs an average of about $5.4 million, the ranking states.

The 2.5 mile-long barrier island and its charming little beach town is about 10 miles from downtown Charleston. The island has a strict preservation plan and so doesn’t have the usual accommodations that visitors would expect, like major hotels and motels. Instead, only vacation rental homes are available.

The island does feature a strong restaurant scene, with plenty of options for fine dining and family eating.

Sullivan’s Island also has a good bit of history. The island was settled in the late 17th Century by Capt. Florence O’Sullivan and was later the site of a major Revolutionary War battle.

To compile the rankings, CashNetUSA used real estate data from Zillow to group together neighborhoods of towns and cities in all 50 U.S. states. It then calculated the average price in each neighborhood by adding together the house prices in each area and dividing them by the number of properties.

Why Sullivan’s Island is pricey, it is still not among the top most expensive places to live in the U.S. Below is a list of the 10 most expensive neighborhoods in the U.S. and their average house prices, according to CashNetUSA.

To keep things more in perspective, here’s an interactive map that shows the latest median sales price for homes in each South Carolina county, using data from Redfin.

Where to Eat Well at Charleston’s Beaches

Many of those visiting Charleston know that downtown is a hot spot for restaurants, but where should folks visiting one of the local beaches eat? From barbecue to noodle bowls, these island eateries can offer a wealth of choices for the hungry wave jumper or sunbather. Read MoreIf you buy something or book a reservation from an Eater link, Vox Media may earn a commission. See our ...

Many of those visiting Charleston know that downtown is a hot spot for restaurants, but where should folks visiting one of the local beaches eat? From barbecue to noodle bowls, these island eateries can offer a wealth of choices for the hungry wave jumper or sunbather.

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If you buy something or book a reservation from an Eater link, Vox Media may earn a commission. See our ethics policy.

Before a day at Folly Beach, frequent visitors know to hit up Lost Dog for brunch. The cafe has something for everyone on the menu, from huevos rancheros to fresh fruit parfaits. Relax with a mimosa before hitting the waves and sand.

Full of surfers and deal-seekers, Folly Beach stop Jack of Cups offers filling curry nachos, dahl, and curry meatballs. The menu is a mash-up of different cuisines from across the globe, including nods to the South, which is always good while sipping a few craft beers.

Self-proclaimed “chill ass bar,” Lowlife offers expertly crafted cocktails, queso, local shrimp rolls, double cheeseburgers, and more in a hip and lively beach space. Lowlife also serves brunch every day of the week, so it’s like a vacation within a vacation.

A visit to Taco Boy is all about the experience. The interiors are lively and full of fun details. It offers a long list of tacos with unexpected fillings, like the Korean beef tacos stuffed with kimchi and grilled flank steak or the sauteed shrimp tacos come with ancho chile yogurt sauce and cabbage. On a nice day, enjoy the patio with a few friends and a frozen screwdriver to go with the other selections.

Spanish for "the ugly boy," Chico Feo makes for a super chill stop after a day on the beach. The eatery feels like visiting a friend’s backyard. The menu is a mix-up of warm weather favorites from across the globe, like Cuban beans and rice, bun cha, and plenty of tacos.

Bert’s Market isn’t a restaurant, but it is an icon on Folly Beach. The 24-hour corner store is well known as stop for made-to-order sandwiches and just about everything else you need for a day at the beach. Bert’s puts it best: “Patronized by freaks, surfers, skaters, crunks, retirees, tourists, stoners, day trippers, hippies, hipsters, and regular folk, Bert’s is the rockingest grocery in town.”

Dining at Sullivan’s Fish Camp is like stepping onto a sailboat out of the 1970s. The retro-chic restaurant is one of the chicest on the island. The menu includes fish camp classics, like peel-and-eat shrimp and smoked fish dip, paired with more modern offerings, like a tuna smash burger or Nashville hot grouper cheeks.

Diners can eat pizza, pasta, and fresh seafood just a few steps from the ocean. From the skilled hands of executive chef Jacques Larson, the Obstinate Daughter offers a stunning dining room to spend visit for lunch, brunch, or dinner. Visitors should order a craft cocktail, a few oysters, and try the ricotta gnocchi with short rib ragu at least once.

Home Team BBQ on Sullivan's Island is always packed with friends and families ordering pulled pork plates and catching a game on the televisions. The smoked wings with Alabama white sauce are addictive, as are the frozen boozy Gamechanger cocktails.

Cozy bistro High Thyme offers a more upscale experience than most beach-goers expect. Guests visit this Middle Street restaurant for celebratory dinners and Sunday morning brunches. Find dishes like mussels in a coconut chili broth, cioppino, three-meat bolognese lasagna, lamb meatballs, and more comforting dishes.

Contemporary Italian eatery Coda del Pesce sits right on the beach at Isle of Palms. Customers can watch the ocean while ordering from chef Ken Vedrinski’s seafood-filled menu. Make reservations early for dishes like the snowy grouper with peanut potatoes, grapes, and Castelvetrano olives.

Before a day at Folly Beach, frequent visitors know to hit up Lost Dog for brunch. The cafe has something for everyone on the menu, from huevos rancheros to fresh fruit parfaits. Relax with a mimosa before hitting the waves and sand.

Full of surfers and deal-seekers, Folly Beach stop Jack of Cups offers filling curry nachos, dahl, and curry meatballs. The menu is a mash-up of different cuisines from across the globe, including nods to the South, which is always good while sipping a few craft beers.

Self-proclaimed “chill ass bar,” Lowlife offers expertly crafted cocktails, queso, local shrimp rolls, double cheeseburgers, and more in a hip and lively beach space. Lowlife also serves brunch every day of the week, so it’s like a vacation within a vacation.

A visit to Taco Boy is all about the experience. The interiors are lively and full of fun details. It offers a long list of tacos with unexpected fillings, like the Korean beef tacos stuffed with kimchi and grilled flank steak or the sauteed shrimp tacos come with ancho chile yogurt sauce and cabbage. On a nice day, enjoy the patio with a few friends and a frozen screwdriver to go with the other selections.

Spanish for "the ugly boy," Chico Feo makes for a super chill stop after a day on the beach. The eatery feels like visiting a friend’s backyard. The menu is a mix-up of warm weather favorites from across the globe, like Cuban beans and rice, bun cha, and plenty of tacos.

Bert’s Market isn’t a restaurant, but it is an icon on Folly Beach. The 24-hour corner store is well known as stop for made-to-order sandwiches and just about everything else you need for a day at the beach. Bert’s puts it best: “Patronized by freaks, surfers, skaters, crunks, retirees, tourists, stoners, day trippers, hippies, hipsters, and regular folk, Bert’s is the rockingest grocery in town.”

Dining at Sullivan’s Fish Camp is like stepping onto a sailboat out of the 1970s. The retro-chic restaurant is one of the chicest on the island. The menu includes fish camp classics, like peel-and-eat shrimp and smoked fish dip, paired with more modern offerings, like a tuna smash burger or Nashville hot grouper cheeks.

Diners can eat pizza, pasta, and fresh seafood just a few steps from the ocean. From the skilled hands of executive chef Jacques Larson, the Obstinate Daughter offers a stunning dining room to spend visit for lunch, brunch, or dinner. Visitors should order a craft cocktail, a few oysters, and try the ricotta gnocchi with short rib ragu at least once.

Home Team BBQ on Sullivan's Island is always packed with friends and families ordering pulled pork plates and catching a game on the televisions. The smoked wings with Alabama white sauce are addictive, as are the frozen boozy Gamechanger cocktails.

Cozy bistro High Thyme offers a more upscale experience than most beach-goers expect. Guests visit this Middle Street restaurant for celebratory dinners and Sunday morning brunches. Find dishes like mussels in a coconut chili broth, cioppino, three-meat bolognese lasagna, lamb meatballs, and more comforting dishes.

Contemporary Italian eatery Coda del Pesce sits right on the beach at Isle of Palms. Customers can watch the ocean while ordering from chef Ken Vedrinski’s seafood-filled menu. Make reservations early for dishes like the snowy grouper with peanut potatoes, grapes, and Castelvetrano olives.

Sullivan’s Island neighbors hope that old Pitt Street Bridge area can be restored

SULLIVAN’S ISLAND, S.C. (WCBD)- During a sunny and clear day, the old Pitt Street Bridge or ‘Old Bridge’ on Sullivan’s Island is a spot for local fisherman to look for a fresh catch.“I like to fish up here because the Red Drum will travel down the grass line,” said Mark Thawley.Since 1985, Thawley has been coming to this enclave with his rod and string. He says that back then people at Haddrell’s Point Tackle shop told him that this spot was the best for fishing.“I’ve...

SULLIVAN’S ISLAND, S.C. (WCBD)- During a sunny and clear day, the old Pitt Street Bridge or ‘Old Bridge’ on Sullivan’s Island is a spot for local fisherman to look for a fresh catch.

“I like to fish up here because the Red Drum will travel down the grass line,” said Mark Thawley.

Since 1985, Thawley has been coming to this enclave with his rod and string. He says that back then people at Haddrell’s Point Tackle shop told him that this spot was the best for fishing.

“I’ve been fishing here ever since. It’s that good of a spot,” said Thawley. “Last year on October 24 I caught a seven-pound flounder here; my biggest yet.”

But, Thawley’s saltwater sanctuary has long been dormant and is in need of repairs.

“It’s not very safe. There’s a little bench up there, but there’s no railing or anything like that. It’s a rugged little walk so old people might have a hard time. It’s not very safe for them either,” said Thawley.

The old Pitt Street Bridge once connected Mount Pleasant and Sullivan’s Island with trolleys going to and from each side. The remnants of the Old Bridge have stood in the water and on the banks for decades after the Ben Sawyer Bridge was built in 1945.

“It’s been sitting here idle, but it’s a piece of history for the town,” said Andy Benke, the Town Administrator for Sullivan’s Island. “It’s a great recreational place.”

Due to the old bridge’s historical significance, the Town of Sullivan’s Island wants to keep the structure intact. Since 2018, town leaders have been exploring methods to stabilize and restore the area from the erosion that’s impacted the shoreline.

“We watched earlier a large watercraft go by at a very slow bell, but he still drew water as he approached and he threw out a small wake as it went by,” said Benke. “It’s just constant motion on the docks near us and the Old Bridge. It causes water to wash up around the backside of this structure and eventually erosion.”

Other causes of erosion, mostly on the structure’s north side, are due to tidal flooding and rainfall.

The Town of Sullivan’s Island is getting closer to a solution though. Town Council is in the process of getting construction drawings to restore and stabilize the area. After that, a contractor can be hired and construction could begin in the fall of 2023.

“We’ll stabilize the foundation of the Old Bridge with an environmentally friendly product, sandbags, dirt and vegetation,” said Benke.

Hope for an improved Old Bridge has Thawley feeling optimistic that his favorite fishing spot will be even better than before.

“If they just put a little bit into it that would be great,” said Thawley.

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