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    Saint Thomas Island Dr Wando, SC 29492

    Sponsored
    For Sale
    $2,195,000

    7.68 Acres, R1-MM Zoning, High & Dry

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7.68-acre property in Charleston, South Carolina, presents a unique investment opportunity. Located at 0 Saint Thomas Island Drive, Charleston, SC 29492, this land boasts 5.263 acres of high and dry land, ideal for various development projects. Currently zoned R1-MM (Multisection Manufactured Residential District) in Charleston County, the property offers flexibility for residential development or specialized uses within the zoning parameters. A previous owner conducted extensive due diligence, resulting in a comprehensive data package including a clean Phase 1 environmental report, a survey, correspondence from the Army Corps of Engineers, wetlands mitigation credits, wetlands reports, soil reports, and other relevant documentation. This readily available information streamlines the acquisition process for potential buyers. The property's convenient location provides easy access to major roadways such as Highway 526, Daniel Island, and Clements Ferry Road, making it highly attractive for residential developers seeking to capitalize on Charleston's strong housing market. Proposed architectural drawings are also available for review. A video showcasing the property is also available upon request. The APN is 2750000016. The asking price is $2,195,000, translating to approximately $285,807.29 per acre.

    Property Features for 0 Saint Thomas Island Dr

    General Information

    Property type
    Farms
    Lot Size
    334,541 SF

    HighLights

    • $2,195,000 asking price for 7.68 acres of land.
    • Located at 0 Saint Thomas Island Drive, Charleston, SC 29492 (Charleston County, APN 2750000016).
    • Zoned R1‑MM (Multisection Manufactured Residential District).
    • $285,807.29 per acre land value.
    • Extensive due diligence package available, including Phase 1 environmental report, survey, and wetlands reports.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wando
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.9265239
    Latitude
    32.8724536

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Farm - 7.68 Acres, R1-MM Zoning, High & Dry
    Where is this farm located?
    The property is located at Saint Thomas Island Dr Wando, SC.
    What is the asking price?
    The asking price for this property is $2,195,000.
    What are key features of this property?
    This property features: $2,195,000 asking price for 7.68 acres of land.; Located at 0 Saint Thomas Island Drive, Charleston, SC 29492 (Charleston County, APN 2750000016).; Zoned R1-MM (Multisection Manufactured Residential District).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Saint Thomas Island Dr Wando, SC 29492
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