As most people know by now Charleston SC real estate is on the higher side, and in fact is about $50,000 more on avg than that of the national average home sales price. Also being a small coastal region and the #1 city in the United States by all major travel magazines, home ownership is popular, and none more than condos. The tri-county area is comprised of three different counties, and about 12 suburban communities. Below you can search South Carolina condominiums for sale by city or town. We have a good many luxury condos in Charleston SC downtown, two in Mt Pleasant, one large development in Daniel Island, and one in North Charleston SC

 

MLS Listings Data

Total Listings:
726
Average Price:
$487,985
Highest Listing Price:
$12,500,000
Average Days On Market:
171
Average Price/Sqft:
$356

What's YOUR Home Worth?

Number of MLS Listings 1 - 9 of 726 Set Up Email Alerts

1502 Ocean Club Isle of Palms, SC, 29451
Ocean Club Penthouse Right on the Ocean Recently Renovated. One of the...

Ocean Club Penthouse Right on the Ocean Recently Renovated. One of the Premier Complexes in the Southeast Ocean Club. A Gated Community within a Gated Community. See the Ocean from the minute you walk in the door. Open Floor Plan with ocean views from the kitchen dining room living room and 2 ocean front bedrooms each with their own bath. The second floor loft has an entertainment center plus a second Master Bedroom. This master has a large sitting area with a skylight. Ocean Club has its own private pool and hot tub plus a cabana area for quiet relaxing entertaining. Become a part of the Wild Dunes Community. Enjoy all the amenities that Wild Dunes has to offer. Buyer to verify square footage and schools.

$ 1,595,000
View details Beds - 4 Baths - 4 Sqft - 2809
4739 Tennis Club Kiawah Island, SC, 29455
Premier one bedroom, nicely,furnished unit with wood flooring and updated...

Premier one bedroom, nicely,furnished unit with wood flooring and updated kitchen. Private screened porch for added outdoor enjoyment. Villa is conveniently located to The Sanctuary Hotel, Roy Barth Tennis Center and just a short distance to the beach. Buyer to pay 1/2% of purchase price at closing to KIHOA, one time contribution to reserve fund.

$ 275,000
View details Beds - 1 Baths - 1 Sqft - 647
5804 Palmetto Isle of Palms, SC, 29451
PREAPPROVED SHORT SALE--QUICK CLOSING POSSIBLE !!! FURNISHED END UNIT WITH...

PREAPPROVED SHORT SALE--QUICK CLOSING POSSIBLE !!! FURNISHED END UNIT WITH GREAT RENTAL HISTORY. THERE IS A WRAP AROUND PRIVATE BALCONY THAT HAS VIEWS OF THE POND AND COURTYARD. THIS CONDO IS SOLD TURN KEY WITH ALL FURNISHINGS WITH MANY RETURN GUESTS. AMENITIES INCLUDE THREE SWIMMING POOLS, TENNIS CENTER, FITNESS CENTER AND TWO FAZIO DESIGNED GOLF COURSES. ALL JUST A 100 YARDS FROM THE BEACH. BUILT IN 2007, IT HAS ALL OF THE UPGRADES, SUCH AS GRANITE COUNTER TOPS, STAINLESS STEEL HIGH END APPLIANCES, HARDWOOD FLOORS AND HIGH QUALITY FURNISHINGS.

$ 473,000
View details Beds - 2 Baths - 2 Sqft - 1231
215/217-B Village At Wild Dunes Isle of Palms, SC, 29451
Located within the gated community of Wild Dunes, this well-appointed...

Located within the gated community of Wild Dunes, this well-appointed condo is the perfect personal getaway or vacation rental. It has a great rental history & can be rented as a 2 bedroom condo, a 1 bedroom condo or just a room (like in a hotel with 2 beds, refrigerator & coffee pot) because it is one of the 2 bedroom ''lockout'' condos in the Village. Property is sold fully furnished. It is located in the hub of all the activities in Wild Dunes Resort & only steps to the beach, pools, spa, fitness center, restaurants, etc. The resort features two eighteen hole championship Tom Fazio designed golf courses, a world top ranked resort tennis center, beautiful beaches and great restaurants and it is less than 30 minutes from downtown historic Charleston

$ 619,500
View details Beds - 2 Baths - 2 Sqft - 1277
2909 Atrium Villa Johns Island, SC, 29455
The Atrium condos have just completed a $6 million renovation. All new...

The Atrium condos have just completed a $6 million renovation. All new exteriors including stucco, windows, sliding doors, patios, walkways, stairs and railings. Updated two bedroom, two bathroom condo located on the quiet side of the building, with spectacular views of the 9th green of Ocean Winds golf course. Some highlights include: well equipped kitchen with updated appliances and granite counters, laminate wood floors in the living area and updated bathrooms. Floor plan features, two bedrooms, each with private bath, living/dining room, a large L shaped covered terrace with access from both bedrooms and the living room and golf course views. The Atrium villas offer a parking garage on the first level, elevators to all floors and are only steps away from the Seabrook Island club house

$ 429,000
View details Beds - 2 Baths - 2 Sqft - 1080

 


 SEARCH BY TOWN BELOW:

 

There are no condominiums more popular in Charleston SC than beachfront condos. If it is Myrtle Beach, Folly Beach, Isle of Palms, or Kiawah Island most people would love to have a view of the ocean from their porch and who can blame them. Keep in mind there are a lot of things that one must consider when buying a coastal or beachfront condo, or condominium in general. There are monthly regime fees which pay for the upkeep of the exterior of the buildings and the amenities as well as the cost of the insurance(s). 

 

CONDO FINANCING INFO

Having been in the mortgage industry once for over 13 years I know first hand that getting loans for condos isn’t as easy as it is for buying a single family detached property. There are a lot more factors that come into play with an attached home vs unattached. Reason being, condos are usually less desirable and become even more less desirable if the community has other factors in play most of which concern the occupancy of primary residence vs renters. From a lenders standpoint a community becomes more risky to lend in if the majority of the condo development is comprised of tenants vs owners. Except in a vacation or second home scenario because then they know it’s common place and standard procedure and most owners have their units in a professional vacation rental program for investment purposes. Whereas a regular suburban condo development was never set up for that purpose. For instance: Fannie Mae Loans require – A project for which all of the following are true:

  • at least 90% of the total units in the project have been conveyed to the unit purchasers;
  • the project is 100% complete, including all units and common elements;
  • the project is not subject to additional phasing or annexation; and
  • control of the HOA has been turned over to the unit owners.

FHA – Condominium mortgages are the best performing loans in their portfolio, accounting for only 5.79% delinquency vs 6.96% for detached single family. FHA Condominium Resource book states that prior to the change in FHA’s condo policy, the FHA’s market share of condos and single family moved closely together, even as the FHA receded from the market at the height of the bubble. Since the policy change, the two market shares have diverged steadily over time with the exception of 2013.

  • The owner-occupancy requirement is 50% (Current legislation requests dropping to 25%)
  • No more than 15% of units be more than 60 days due, excluding REOs. Dues for lender owned units are rarely received by associations in a timely fashion. Some state laws prohibit collection of delinquent assessments until 90 days past due, and many association governing documents do not consider owners to be delinquent until 60-90 days. (New law requests 90 days instead of 60)
  • No more than 50% of units can be FHA insured already. (NAR requests new legislation increase it to 100%)

Powered by Mortgage Professionals