55+ Age Restricted Communities All the Rage In Charleston SC

Charleston SC has become a retirement hotspot and as such home builders are catering to the market demand with no less than ten 55+ communities in the Charleston SC market.
CHARLESTON, S.C. - Feb. 8, 2024 - PRLog -- The Charleston SC tri-county area is "Booming" (if you will) in the 55+ retirement and age-restricted communities that are now available in the region. "Just barely over 15 years ago there were almost no exclusively 55+ communities in Charleston now there are up to 10 and growing", says James Schiller broker expert serving the retired. People are transplanting their lives in the low country at a substantial pace, following their children and grandchildren to our area, he goes on to say.

As the baby boomers have hit their golden years the need for patio homes, "garden" homes, or whatever you refer to them as has skyrocketed as has the demand for 55+ communities and age-restricted neighborhoods. This population has tons of cash to burn and they want the best most comfortable setting they can find, so Charleston SC, and the surrounding towns have been on fire with this product line for going on 10 years. Home builders such as Del Webb, probably the most recognized and respected name in this real estate space have led the way in Charleston, by building 3 gated 55+ communities in Summerville SC, a large suburb about 40 minutes from the city of Charleston SC. Prices for these homes in Summerville will range from the $500ks - $900ks. There are 4 others in Summerville as well, The Ponds, The Pines at Gagahan, Summers Corner & Four Seasons at Cane Bay.

There are now three different 55+ communities in Mount Pleasant which didn't exist just a few years ago. The well-known and loved subdivision of Carolina Park (https://jamesschiller.com/listings-mls/mount-pleasant-sc-homes-for-sale/carolina-park/) by David Weekley Homes is called The Restore (https://jamesschiller.com/charleston-sc-real-estate/adult-active-55-communities/the-restore-at-carolina-park/), and Mungo Homes built 48 homes they call The Cottages (https://jamesschiller.com/listings-mls/mount-pleasant-sc-homes-for-sale/carolina-park/cottages-55-community/) at Carolina Park. Then there are Liberty Cottages at Park West which has 43 homes and 5 floor plans that were built as the first community like this in Mt Pleasant. All three of these adult active communities will have monthly dues anywhere from $300 - $400 a month which covers all the amenities, onsite care emergency help, and yard work upkeep.

The crown jewel of 55+ communities in Charleston is The Peninsula (https://jamesschiller.com/charleston-sc-real-estate/luxury-condominiums-for-sale/the-peninsula-55-plus-community-downtown-charleston/) luxury condos located in the heart of downtown Charleston SC. These luxury condos will have opulent finishes and the best care and amenities in the area. With prices starting at $1.5M to $2Million each condo will have its balcony or veranda, with sizes ranging from 700 sq to 2800 sq ft.

So the next time your parents and grandparents are considering a place to retire and enjoy the good life, the Charleston SC area should be on their shortlist.

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Tags:Charleston, 55 Communities, Real Estate
Industry:Real Estate, Lifestyle
Location:Charleston - South Carolina - United States
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