Credit: Keen Eye Marketing
A historic mansion on the Battery has sold for $21.575 million, setting a new record for the highest-priced residential sale in Charleston.
The home at 51 East Bay St., known as the Casper Christian Schutt House, was sold by Charles Sullivan of Carriage Properties. Robertson Allen of The Cassina Group represented the buyer.
Built around 1800 by German merchant Casper Christian Schutt, the property includes four buildings totaling more than 15,700 square feet. The main residence, two guest houses and an indoor pool sit on a large lot overlooking Charleston Harbor.
The three-and-a-half-story brick home is known for its plasterwork, elliptical staircase and tiered piazzas. The Lowndes family owned the property for about 50 years in the 19th century, expanding the home and gardens.
Credit: Keen Eye Marketing
Businessman and philanthropist Wayland H. Cato Jr. bought the property in the late 1990s, preventing it from being converted into condominiums. Cato commissioned a full restoration by Richard Marks Restoration, Glenn Keyes Architects and Reggie Gibson Architects. The gardens were designed by landscape architect Sheila Wertimer of Wertimer and Cline.
Allen said his clients were “captivated by the home’s profound sense of history” and plan to “honor its legacy while creating memories of their own.”
The sale marks another milestone for Allen, who also represented the buyers of 202 Bank St. for $14 million the previous week. His past high-profile transactions include 5 East Battery ($18.25 million), 13 and 15 Meeting St. ($12.6 million), and 2411 Atlantic Ave. ($10.1 million).
The Cassina Group, based in Charleston and Mount Pleasant, is led by Allen and Jimmy Dye.