The upscale oceanfront resort of Kiawah Island reached a new milestone in 2021 with over $1 billion in real estate sales.
Kiawah Island Real Estate, which handles the majority of sales in the gated community, ended the year with $795.7 million in sales, a 40% increase over 2020.
When sales from other agencies are taken into account, the total jumps to $1.05 billion, up 30% from the roughly $808 million recorded the year before, according to Kiawah Island Real Estate.
The amount includes sales completed in 2021 as well as some properties that were sold late in the year but will be finalized in 2022.
Kiawah Island Real Estate saw 493 closures last year, a 21% increase from 2020 and a 165% jump from 2019.
The island as a whole reported 734 closures, up 12% and 130% from the previous two years, respectively.
The banner year included the most expensive residential property to change hands in the Charleston area to date. the Vanderhorst Manor, located on 16.5 acres by the Kiawah River and dating back to the early 1800s, sold on June 24 for $20.5 million.
Kiawah Island Real Estate is also handling sales and reservations for two other developments slated to hit the market this year.
Le Brûlé in Cassique will offer seven residences along the Thomas Watson-designed private golf course Golf of Cassique. Prices will be available at the end of January.
Within the city, the agency manages reservations for Seafields at Kiawah Island, a luxury community for the over 62s.
The $180 million development, which began last September, will include 90 one-, two- and three-bedroom luxury residences, as well as 16 assisted living units and continuing care services. It will also include a one-of-a-kind in-house medical clinic operated by the Medical University of South Carolina.
The development is being constructed off Seabrook Island Road near Freshfields Village Shopping Center. Completion is scheduled for fall 2024.
As of early January 2022, 43% of self-contained units have been reserved.
Charleston-based Adams Property Group will develop the $80 million West Edge mixed-use retail and apartment development in Winston-Salem, North Carolina, starting within months. The Publix supermarket will be the anchor point of the project. Rendering/Christopher Booker & Associates PC
NC Agreement
A Charleston-based real estate firm will develop a project anchored in an $80 million grocery store in North Carolina.
Adams Real Estate Group will build a 48,387 square foot Publix, 19,800 square feet of retail space and a 290-unit apartment complex at West edge in Winston-Salem.
Construction should begin in a few months. Adams takes care of the rental.
