192 East Bay Street, Charleston, SC 29401
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192 East Bay Street, Charleston, SC 29401

$2,990,000

STATUS: For Sale MLS #: 24027486 Days on Market: 24
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3-8 SPED Schools in 29401

Name
Address
Phone
Type
Grade
103 Calhoun Street
8437247750
Public
3-8 SPED

K-8 Schools in 29401

Name
Address
Phone
Type
Grade
15 Archdale Street
843-377-0315
Private
K-8
56 Halsey Blvd.
843-723-0664
Private
K-8

PK-5 SPED Schools in 29401

Name
Address
Phone
Type
Grade
20 Beaufain Street
8437247778
Public
PK-5 SPED

Tucked above a historic shop front in Charleston's beautiful French Quarter, 192 East Bay is a hidden gem of a bespoke hotel or residence brimming with historic character, ambiance, and comfort. The three-story brick and stucco building, with its steep pitched hip roof, was constructed in the early 1800s and holds unique living and entertaining spaces, two kitchens, five spacious bedrooms, and four bathrooms. It is important to note that the unit has a special exception accommodation use which is grandfathered with the property . This zoning variance is incredibly rare which is not typically granted for a unit of this size and location. Short term rentals in Charleston are primarily in the Cannonborough-Elliotborough subdivision further north and subject to a constantlychanging checklist on renewal forms, increasing fees , and city fire marshal inspections. The approved accommodation use license is a yearly form to be paid once a year to the city without all the red tape and confusion of a short term rental. In addition the listing generates far more revenue than an STR due to its uniqueness, furnishings, location in the french quarter, and bza zoning approval. The ground floor's shop space is occupied by upscale restaurant slightly north of broad. Above, three stories of historic character await, boasting original wide, richly colored heart pine floors and beautiful exposed Charleston grey brick with an intricate Flemish bonding pattern. The living room and second floor bedrooms feature historic nine over nine windows that flood in light and offer views of the city's historic Cooper River waterfront area and the French Quarter. The main living area has ample seating for entertaining, a cozy custom bar area, and dining space. The principal kitchen has herringbone tiled backsplash, stone countertops, stainless appliances, and blue painted custom cabinetry, with an adjacent stackable washer and drier provide. The second story holds three large bedrooms that can sleep multiple guests each. The bedrooms have cozy sitting areas perfect for reading, and built in bookshelves in the warm colored historic brick walls. The garret bedroom offers rooftops views from the dormer windows and features a sloped roof with original exposed rafter beams, an ensuite bathroom, and an efficient kitchen space with dark stone countertops, bright white cabinetry, plenty of storage, sink, and a fridge. The bathrooms have marble tiled walk-in showers with custom glass surrounds and restoration grade fixtures. The multi-story stair hall is a fabulous architectural feature with stairs made of salvaged lumber, and a skylight that brings in warm natural light. A historic pully system hints at the building's maritime industrial heritage and suspends a custom light fixture. At the top floor, a special surprise awaits- a reading nook with a glass floor overlooking the stair hall. This property is the perfect blend of freshly renovated, up to date interiors intermingled with historic ambience. The two-hundred-year-old building sits at the corner of Faber and East Bay Streets at what was the center of the city's historic maritime shipping industry, along the Cooper River waterfront. Tall-masted ships once docked right next to 192 East Bay to load rice and cotton for export. Walk a block into the French Quarter to encounter cobblestone streets, historic churches, and crepe myrtle-lined blocks of historic houses and art galleries. The hotel is perfect for visitors who want to feel as if they stepped back in time

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Address: 192 East Bay Street
City: Charleston
State: SC
Zip: 29401
County: Charleston

About Me

About MeHome ValuationExposure to Buyers

What makes me different and more worthy than any other agent? Great Question…

1.) I have been in the real estate industry since 1998

 

2.) At 29 years old I founded a wholesale mortgage firm here in Charleston and as such being the President/CEO I was responsible for overseeing 13 team members, two branches, ALL the marketing functions, business development, training of real estate agents in financing, training of my loan officers, and making sure over $85 Million in loans got closed. Of which most were purchases. So I have REAL business knowledge and real estate is business vs an agent without that savvy business skills.

 

3.) I graduated from University of S.C. where my major was media arts. What’s that mean? What you are reading right now is media. Everything you see and hear is media. Everything on a computer is digital media, websites, video, photographs, and audio. I studied video production, photography/lighting courses, audio recording, and more. Even post cards, billboards, news paper are ALL media, print media. (Although it’s an antiquated media). With that knowledge your home will have the most beautiful representation to the prospective buyers, instead of most of what you see out there (poorly lit, poorly framed, bad photos and video that put off buyers).

 

4.) 95% OF ALL REAL ESTATE TRANSACTIONS BEGIN WITH THE INTERNET… PERIOD, IT IS FACT. I am a digital internet marketing expert. I consult other businesses on how to harness the internet’s power through web design, SEO (search engine optimization), content marketing, image marketing, user experience design, online ad management and more.

When listing a home for sale there isn't an exact science to it, but what is required is knowing all the facts, and that's where I come in. What's a home valuation really anyway?

Estimating the value of real property is important to a variety reasons, but for most people, determining the asking or purchase price of a property is the most useful application of real estate valuation. This article will provide an introduction to the basic concepts and methods of real estate valuation, particularly as it pertains to real estate sales.

That's all well and good, however what most home owners in Charleston SC and the U.S. really want to know is what's my property worth now if I were to try to sell it? The most common method  that 90% of listing agent use is: 

The Sales Comparison Approach.

 

Value -
A main consideration in appraising is to determine a property’s value: the present worth of future benefitsarising from the ownership of real property. Unlike many consumer goods such as oil, lumber, food, etc. that are quickly used, the benefits of real property are generally realized over a long period of time. Therefore, an estimate of a property’s value must take into consideration economic and social factors, as well as governmental controls or regulations and environmental conditions that may influence the four elements of value:

 

  • Demand – the desire or need for ownership supported by the financial means to satisfy the desire;
  • Utility – the ability to satisfy future owners’ desires and needs;
  • Scarcity – the finite supply of competing properties
  • Transfer-ability – the ease with which ownership rights are transferred.

– What have the homes that are MOST comparable to yours (subject property) sold for recently per sq ft., and  what is currently for sale (taking into account scarcity from above)?

 

– What are the prices being asked by your competing listings in and around your neighborhood.

 

Other Factors inside the two primary ones above include: (age of home, physical features, location, conditions of the sale, economic conditions)

 


MLS ID: 24027486
List Price: $2,990,000
Bedrooms:
Full Baths: 0
Half Baths: N/A
Total Square Feet: 27732
Elementary School: Memminger
Middle School: Simmons Pinckney
High School: Burke
Subdivision: French Quarter
Home Style:
Year Built: 1800
Days On Market: 24
Lot Size: acres
Outdoor & Yard Description:
Fire Sprinkler System
Elevators

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