Murray Blvd. has water views unlike any other street in Charleston. Sitting along the southernmost tip of the Peninsula, this is undoubtedly one of Charleston’s most scenic residential areas, with most of its homes benefiting from lovely Ashley River views. In recent years, home sales have been suffering in the area, but it appears that demand is once again rising among buyers as evidenced by rising prices and a higher volume of home sales over the past two years.
Murray Blvd. sits in the popular South of Broad neighborhood, adjacent to the area known as the High Battery. Located just steps from White Point Garden, there isn’t much more a resident could ask for in terms of proximity to the history and vibrance that Charleston offers.
Home prices in the area continue to rise as demand to live on the Charleston peninsula steadily increases. Five homes were sold in total on Murray Blvd. over the past two years with the sales price averaging $2,716,000, whereas during the previous two years, only one home was sold on the street for $1,930,000.
Debbie Peretsman and Scott Cheney of Indigo Properties Charleston (an affiliate of the Boulevard Company) recently sold 36 Murray Blvd. for an impressive $5,500,000. “We saw the value in Murray Blvd. that buyers are once again starting to pick up on. The views and sea breezes can’t be found anywhere else in the city and because of that, we were able to command top dollar for the listing. Additionally, changes to the flood maps have made the cost of insurance decrease significantly for many homes. We expect that the raising and beautification of the Battery wall will cause more buyers to want to live on the street.”
Indigo Properties Charleston sold the listing at 36 Murray Street for $5,500,000 just this year. This marks the highest sale price of a residential home on the street since 2011.
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