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MLS ID: 25000717
For Sale - $6,500,000

About this property

Bedrooms 9
sq2 9876
Lot Size 0.1500 acres
Year Built 1871
DOM 126

Address

Address:
241 Bay Street
Subdivision:
Ansonborough
Zip Code:
29401
County:
Charleston
State:
SC

Features and Amenities

Cooling
Central Air
Heating
Forced Air
Roof
Metal
Utilities
Charleston Water Service, Dominion Energy
Other
Central, Ductless

Description

This spectacular four-unit building with nine on-site parking spaces is located in Ansonborough in the heart of the Historic District of Charleston, just one block from Market Street. Zoned GB (General Business) and located in the Accommodations overlay, the property is approved for a 4-unit accommodations use. It is currently operating as a 4-unit luxury vacation rental known as the Charleston Chestnut Mansion, but could also be utilized for long term rentals or a variety of other commercial uses. Each of the four fully equipped residential units has its own private entrance and is beautifully appointed with high quality materials and appliances. The first floor contains suite 101 (renovated in 2019) and suite 102, (renovated in 2021).These suites are just over 1,400 SF each and each have 2 bedrooms and 2 baths. Suite 201 makes up the entire second floor (renovated in 2016). This suite is approx. 3,339 SF and has 3 bedrooms and 3 baths with a private elevator. Suite 301 makes up the entire third floor (renovated in 2016). This suite is approx. 2,137 SF and has 2 bedrooms and 2 baths. The building is conveniently located near some of Charleston's best restaurants, shopping, art galleries, and parks. Originally two separate buildings, the property has been renovated and combined into one. The original building (located at 241 East Bay St) was constructed in 1871, and underwent a historic rehabilitation in 1986, at which point the contemporary addition to the north (located at 243 East Bay Street) was constructed and joined to the original edifice by a stucco and glass hyphen. The entire building underwent a second significant historical renovation by the current owner from 2015 - 2021, which included new mechanical systems, a comprehensive security system, new or newly refurbished windows, new interior noise-dampening thermal storm windows, and repairs to the standing seam metal roof and exterior stucco. Interior renovations began in 2016 with the upper floors and were finalized in 2019 and 2021 with the completion of the two first floor suites. Since completion of the renovations, both the exterior and interior of the building have been meticulously maintained.

Schools

Name Address Phone Type Grade
Buist Academy 103 Calhoun Street 8437247750 Public 3-8 SPED
Name Address Phone Type Grade
Memminger Elementary 20 Beaufain Street 8437247778 Public PK-5 SPED
Name Address Phone Type Grade
Charleston Day School 15 Archdale Street 843-377-0315 Private K-8
Mason Preparatory School 56 Halsey Blvd. 843-723-0664 Private K-8
subdivision
Active Listings
Avg DoM
Avg Price
1
198
$596,000
air harbor, Charleston
3
113
$504,490
albemarle, Charleston
1
103
$619,967
ansonborough, Charleston
29
145
$2,801,662
1
70
$339,000
arboretum, Charleston
5
116
$297,411
archdale, Charleston
1
271
$653,700
ardmore, Charleston
4
134
$396,820
ashcroft hall, Charleston
2
31
$687,450
1
162
$1,032,250
ashley forest, Charleston
1
175
$648,667
1
142
$570,356
1
117
$546,333
ashley harbor, Charleston
1
125
$1,249,980
ashley house, Charleston
12
112
$361,838
ashley park, Charleston
6
116
$400,247
2
238
$438,650
1
31
$375,000
3
158
$232,886
ashleyville, Charleston
2
44
$329,998
2
84
$1,496,667
avondale, Charleston
4
133
$865,271
1
17
$346,000
barfield park, Charleston
1
174
$1,083,000
1
187
$685,530
2
197
$767,250
battery point, Charleston
2
66
$646,633
1
40
$765,000
bayfront, Charleston
2
174
$800,000
bayview farms, Charleston
5
118
$667,750
1
250
$678,250
7
159
$586,242
bel air, Charleston
2
62
$1,254,500
belle terre, Charleston
1
17
$3,350,000
4
266
$1,232,257
1
71
$1,199,000
2
123
$378,114
3
256
$1,451,700
5
273
$2,543,223
3
334
$331,983
bolton, Charleston
3
135
$387,996
11
114
$510,808
2
45
$204,950
1
28
$965,000
2
27
$1,955,000
byrnes downs, Charleston
5
109
$1,004,492
cain crossing, Charleston
1
157
$427,475
1
133
$2,500,000
1
103
$797,500
cannonborough, Charleston
5
76
$1,422,000
42
248
$1,934,342
1
115
$453,571
capri isles, Charleston
2
197
$1,272,261
carolina bay, Charleston
29
115
$607,528
carolina cove, Charleston
4
45
$272,467
2
175
$619,667
castlewood, Charleston
2
110
$408,666
center park, Charleston
1
71
$1,262,500
central park, Charleston
12
49
$1,167,973
3
136
$694,857
1
173
$572,250
cherokee hall, Charleston
4
52
$287,475
church creek, Charleston
1
159
$376,317
1
36
$623,450
23
272
$1,844,141
clarks sound, Charleston
2
184
$463,000
clearview, Charleston
7
31
$959,937
1
125
$1,442,250
4
147
$352,358
1
20
$279,000
1
276
$900,000
3
64
$3,181,666
creek point, Charleston
3
158
$462,667
3
177
$1,056,000
crosscreek, Charleston
3
102
$582,680
daniel island, Charleston
43
147
$2,005,701
1
118
$75,000
15
180
$3,558,197
6
144
$1,909,077
8
110
$423,306
dockside, Charleston
19
82
$405,541
dogwood park, Charleston
1
58
$820,000
1
5
$399,500
douglas jones, Charleston
2
148
$975,000
dovefield, Charleston
1
174
$220,980
downtown, Charleston
11
140
$1,554,779
5
107
$669,740
4
133
$684,657
1
287
$425,000
eastside, Charleston
19
145
$1,054,119
eastwood, Charleston
4
38
$1,619,980
2
51
$1,466,333
elliotborough, Charleston
13
119
$1,440,626
1
224
$1,173,475
1
76
$399,000
1
115
$562,000
fleming park, Charleston
1
160
$836,000
forest acres, Charleston
4
93
$521,371
forest lakes, Charleston
5
94
$556,857
1
89
$503,833
1
192
$1,116,980
1
122
$1,116,250
8
210
$2,324,211
1
66
$359,500
gadsdenboro, Charleston
5
106
$1,090,855
garden hill, Charleston
2
127
$969,667
geddes hall, Charleston
2
112
$660,238
general lee, Charleston
1
198
$507,000
goat island, Charleston
1
236
$335,000
governors cay, Charleston
3
161
$682,000
grand bees, Charleston
7
146
$522,991
21
121
$449,610
grand terrace, Charleston
2
149
$481,750
grantville, Charleston
1
182
$729,000
greencrest, Charleston
2
166
$630,000
2
124
$388,725
7
162
$2,260,450
harbor creek, Charleston
1
89
$671,000
harbor oaks, Charleston
1
33
$506,950
1
61
$607,500
1
114
$1,540,350
38
172
$2,098,729
heathwood, Charleston
6
108
$595,182
hemmingwood, Charleston
2
111
$406,250
hickory farms, Charleston
1
39
$1,200,000
2
153
$525,600
hillside, Charleston
1
7
$399,900
hunt club, Charleston
8
73
$638,723
1
234
$571,967
1
126
$1,279,000
indigo fields, Charleston
2
196
$389,333
island bluff, Charleston
3
54
$331,250
island shores, Charleston
1
60
$1,112,500
2
66
$1,300,000
1
108
$425,000
james island, Charleston
5
150
$615,654
2
165
$511,000
1
56
$567,500
2
22
$2,024,500
kings flats, Charleston
2
48
$724,500
lakeside, Charleston
3
102
$423,714
10
151
$853,303
landsdowne, Charleston
1
11
$439,500
lantana, Charleston
2
130
$497,475
laurel park, Charleston
2
109
$764,175
1
5
$140,000
lawton bluff, Charleston
9
152
$702,196
lawton harbor, Charleston
1
123
$719,000
2
98
$648,833
legares, Charleston
1
1,315
$1,093,500
lenevar, Charleston
4
86
$723,499
3
164
$797,858
lockwood hall, Charleston
1
56
$639,950
1
157
$625,000
longborough, Charleston
1
132
$2,540,000
longbranch, Charleston
4
95
$544,800
1
138
$2,067,000
lynwood, Charleston
2
144
$575,714
maclaura hall, Charleston
2
122
$978,500
magnolia, Charleston
1
76
$653,133
1
178
$569,667
1
148
$508,333
magnolia walk, Charleston
1
44
$900,000
marsh point, Charleston
1
22
$870,000
martins creek, Charleston
2
52
$1,380,000
maryville, Charleston
2
196
$398,363
3
105
$583,967
mclaura bluff, Charleston
2
96
$619,967
melrose, Charleston
4
110
$533,149
1
28
$435,000
1
161
$178,275
1
132
$448,333
mepkin place, Charleston
4
124
$208,085
4
133
$390,784
1
0
$1,350,000
2
68
$254,500
midtown, Charleston
1
137
$1,150,000
mira vista, Charleston
7
85
$375,660
montclair, Charleston
1
42
$729,000
moreland, Charleston
3
90
$868,333
needlegrass, Charleston
1
16
$849,000
north central, Charleston
26
142
$942,758
1
0
$798,000
1
88
$879,450
2
140
$767,250
2
154
$787,500
1
67
$1,022,000
oak bluff, Charleston
9
416
$764,741
oak forest, Charleston
1
40
$539,000
oak island, Charleston
2
275
$1,359,667
oak view park, Charleston
1
112
$255,000
oakcrest, Charleston
2
171
$615,500
oakland, Charleston
4
138
$422,600
4
130
$738,987
oceanview, Charleston
1
260
$1,345,000
old orchard, Charleston
1
148
$507,700
1
171
$655,833
one cool blow, Charleston
2
85
$385,000
2
52
$3,325,000
orange grove, Charleston
1
526
$325,000
7
129
$521,000
orleans woods, Charleston
3
148
$356,833
osprey cove, Charleston
1
105
$298,725
1
15
$275,000
2
15
$436,500
2
151
$1,037,800
park circle, Charleston
1
37
$489,000
park place, Charleston
1
132
$449,475
parkdale, Charleston
1
116
$299,967
parkshore, Charleston
1
197
$755,750
parkshore iii, Charleston
1
122
$1,133,020
parkside hpr, Charleston
5
48
$511,750
2
67
$632,960
1
67
$698,900
parrot creek, Charleston
1
144
$1,251,333
2
241
$233,380
pecan grove, Charleston
1
104
$545,000
pelican cove, Charleston
1
75
$336,300
4
180
$409,500
1
163
$674,500
peninsula, Charleston
2
152
$1,320,967
pier view, Charleston
3
97
$656,800
pierpont, Charleston
4
297
$728,364
2
108
$493,475
pinefield, Charleston
1
643
$989,800
pineview, Charleston
1
65
$699,900
point hope, Charleston
2
318
$969,412
point james, Charleston
2
113
$279,759
ponderosa, Charleston
2
108
$353,954
2
117
$548,000
queensborough, Charleston
3
200
$531,225
1
128
$316,360
1
110
$804,950
14
174
$1,623,043
2
143
$315,875
2
57
$705,000
ricefield, Charleston
1
235
$285,000
ripley cove, Charleston
2
76
$892,400
riverbend, Charleston
8
56
$1,122,911
riverfront, Charleston
3
114
$768,800
1
156
$586,000
2
35
$813,300
2
99
$458,180
12
104
$1,231,091
rivers bend, Charleston
3
90
$249,414
rivers point, Charleston
4
80
$742,833
4
138
$259,500
riverview, Charleston
1
104
$742,450
rosemont, Charleston
1
176
$124,000
1
146
$687,160
royal, Charleston
1
255
$340,000
sandhurst, Charleston
1
121
$849,750
savage, Charleston
1
25
$307,000
4
113
$603,214
seagate, Charleston
2
220
$319,750
5
158
$369,100
1
61
$1,349,500
9
113
$953,518
3
311
$893,000
shadowmoss, Charleston
19
162
$552,245
shaftesbury, Charleston
3
102
$422,980
2
111
$921,710
3
134
$368,100
silver hill, Charleston
2
75
$490,750
sol legare, Charleston
3
197
$398,000
2
150
$699,500
7
138
$1,835,094
44
142
$3,513,869
springfield, Charleston
6
123
$408,557
2
188
$692,500
stiles point, Charleston
3
112
$896,875
2
85
$2,091,250
stone creek, Charleston
7
83
$774,338
stone edge, Charleston
1
2
$750,000
1
43
$915,000
stonefield, Charleston
2
101
$692,475
stono park, Charleston
2
139
$660,686
stono shores, Charleston
2
137
$675,750
1
87
$157,500
sylvan shores, Charleston
1
148
$650,971
1
10
$565,000
3
111
$977,143
terrabrook, Charleston
2
87
$829,800
11
129
$573,207
the bristol, Charleston
1
152
$926,667
3
137
$297,857
1
72
$400,000
the crescent, Charleston
4
137
$4,570,890
1
224
$180,500
the lakes, Charleston
1
15
$329,000
1
187
$525,375
1
99
$429,000
1
50
$350,000
the peninsula, Charleston
11
129
$465,469
10
137
$283,481
2
94
$577,688
the ponderosa, Charleston
2
142
$354,783
3
53
$982,667
1
8
$859,000
2
124
$870,994
12
121
$407,467
the savannah, Charleston
1
91
$243,000
5
315
$1,339,890
4
197
$128,125
2
107
$1,242,500
thomas island, Charleston
1
99
$750,000
turkey pen, Charleston
1
3,155
$250,000
1
22
$397,000
3
279
$325,225
uptown, Charleston
1
503
$1,000,000
25
233
$484,761
village green, Charleston
3
156
$484,912
17
132
$1,132,797
wando village, Charleston
7
204
$1,687,990
1
166
$767,000
1
144
$1,091,333
wappoo shores, Charleston
2
156
$1,015,817
1
15
$1,595,000
1
48
$455,000
2
167
$1,353,750
3
150
$686,711
1
155
$562,100
1
27
$522,500
west point, Charleston
1
152
$287,000
westborough, Charleston
2
77
$461,880
westchester, Charleston
1
125
$480,475
westside, Charleston
15
141
$930,388
westwood, Charleston
1
170
$681,975
wexford sound, Charleston
2
124
$676,700
white point, Charleston
1
73
$4,609,500
whitehall, Charleston
1
78
$473,267
2
50
$286,666
willow place, Charleston
1
99
$339,500
willow walk, Charleston
3
117
$525,929
windermere, Charleston
5
103
$1,019,779
windsor hill, Charleston
1
127
$369,633
2
166
$1,009,150
woodlands, Charleston
2
200
$471,100
1
160
$931,600
wraggborough, Charleston
7
132
$2,087,545
1
84
$375,000
1
158
$601,667
1
177
$708,833
6
122
$394,212

Mortgage Calculator

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%
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Interest Rate as of: Thu, May. 15, 2025
$ 6,500,000Home Price
$ 34,456Monthly payment
$ 5,200,000Amount Financed
$ 413,474Annual cost of Loan
$ 12,404,214Total of 360 Payments

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James Schiller

James Schiller

Realtor, Brand Name Real Estate
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241 Bay Street, Charleston, SC, 29401
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