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78 Cape units on Kiawah are sold ahead of schedule, averaging $3.64 million each
A new oceanfront condominium development on Kiawah Island was recently sold months ahead of schedule due to high demand.
Colorado-based developer EastWest Partners, which has an office in Charleston, said all 78 units in six buildings overlooking the Atlantic in Kiawah’s Cape brought in more than $284 million, with an average price of $3.64 million each. .
The 14-acre development, expected to be completed in 2023, spans 1,000 feet on the beachfront where the Kiawah River meets the ocean in the West Beach community of upscale resort island south of Charleston.
The condominiums are the island’s first fully-owned luxury residences in 40 years, according to the developer.
“East West Partners is dedicated to creating experiences for homeowners that combine desirable location, luxury amenities, a strong community aspect, ready-made living, sustainable design and a connection to nature,” said Miller Harper, Managing Partner of East West Partners in Charleston.
“The sales success has been impressive, and we see long-term interest continuing to be strong, particularly with the high demand for luxury living in the Lowcountry,” he said.
East West launched Phase One, delivering 40 units, in June 2021. After stronger than expected demand, the developer has accelerated the project for Phase Two with an additional 38 residences.
East West Hospitality will be on site to provide maintenance and concierge services to owners during the transition period. Owners will also have access to The Cape Club, a new oceanfront beach club. It will be operated by the Kiawah Island Club, and features an infinity-edge pool and sun deck, outdoor food and beverage at an outdoor bar and grill, a fitness center and a range of water sports.
The Cape Club will also be home to Kiawah Island Club owned and operated guest cottages available for rent by members and their guests.
At The Cape, owners will enjoy a private rooftop deck, sandboxes with owner storage, a large garden for games and gathering, outdoor showers, pet washing stations, bike racks, electric car charging stations, a dune park, and boardwalks overlooking the ocean.
Homebuyers can also purchase a membership to the exclusive Kiawah Island Club, a private membership club on the island that provides access to amenities such as two championship golf courses, luxury clubs, six swimming pools, a beach club and a 9,000-square-meter Marsh House-football suite with tennis, squash and ball courts. Pickle, weight training center, olympic pool, spa and mud and skeet shooting gym.
Residences at The Cape on Kiawah in Charleston County will only be available for long-term rentals of 45 days or more.
The design architect is Hart Howerton of New York and San Francisco, the general contractor is Trident Construction of Charleston and the interior design is by Cortney Bishop Design of Charleston.
Renovated “Hobbit House” is on the market for $1.4 million
The 5,761-square-foot home on Barfield Drive is referred to as the “Hobbit House” for its unique design, which sold in June 2021 for $380,000 with an unfinished interior. The home is now listed for $1.4 million after renovations are completed.
9: The months the Bull & Finch gastro pub was open before it closed May 29 in Mount Pleasant.
6143: Square footage of the new Bohemian Bull Bar and Grill that plans to open in Mount Pleasant where Carrabba’s Italian Grill once operated.
10000: A square shot of a new wholesale florist, Mish, coming to North Charleston.
This week in real estate
+ on the way: The owners of the new Hevi’s Barburgers Restaurant and Pub on the Upper Charleston Peninsula recently leased a former Pizza Hut in West Ashley with plans for a different dining concept.
+ second house: Home furnishings store Imagine Home has opened a second Charleston outpost in the village of Freshfields on Kiawah Island.
+ More multi families: A new mixed-use development comprising 119 apartments has been planned for a recently demolished warehouse on the Charleston Peninsula.
Kiawah Island Ocean House Listed for $20 Million
The 10,500-square-foot home at 133 Flyway Drive on Kiawah Island is on the market for $20 million. Ellis Creek Photography / Presenter
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