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Indigo Properties Charleston Commands Highest Sales Price on Murray Blvd. Since 2011

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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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