New Housing Developments Bring Relief to Charleston Renters

News Summary

New housing developments in Charleston, particularly on James Island and West Ashley, are providing fresh rental options as housing prices soar. The Brisbane neighborhood features 30 new single-family homes, while West Ashley will see 155 new townhomes. As Charleston’s rental market evolves, these offerings aim to accommodate the rising demand for affordable housing.

New Housing Developments Bring Hope to Charleston Renters

Charleston is buzzing with excitement as new residential options spring up in the charming regions of James Island and West Ashley. With the rental market shifting gears and housing prices soaring through the roof, these newly completed homes are certainly a breath of fresh air for those looking to call Charleston home.

Brisbane Neighborhood Comes to Life

Located at 1906 Weeping Cypress Drive, the delightful Brisbane neighborhood on James Island features 30 brand spanking new for-rent single-family homes. Developed by Center Park Group, a renowned general contractor and home builder, this project is sure to attract many eager renters. These homes boast open-concept designs and cater to various lifestyles, offering three different floor plans. With living spaces as large as 2,175 square feet, potential renters can enjoy three to four spacious bedrooms and one- or two-car garages.

Vertical construction for the Brisbane homes kicked off a year ago, and owners are already eager to move in. The last home is set to close in January 2025, wrapping up this exciting project. It’s worth noting that these homes have been delivered to American Homes 4 Rent, a company that specializes in single-family rentals. This marks Center Park Group’s fifth successful collaboration with them in the Charleston market, which speaks volumes about their dedication and competence.

West Ashley Welcomes New Townhomes

But that’s not all! Over in West Ashley, Center Park Group is gearing up to unveil 155 new for-rent townhomes at the highly anticipated Bellerose at Bees Ferry by mid-April 2025. Each of these lovely homes will offer a comfortable 1,400 square feet of living space, featuring three bedrooms, two-and-a-half baths, and an attached one-car garage. They represent a perfect combination of space and convenience for those searching for rental options!

There’s even more exciting news on the Clements Ferry front, where a new build-to-rent community, known as Berkshire, is currently under development. Berkshire will consist of 192 townhomes, each boasting three bedrooms and three-and-a-half baths, spread across approximately 1,200 square feet.

Rising Housing Prices Pushing Renters to Seek Alternatives

With Charleston County’s median home price hitting a steep $727,500 in March 2025—an eye-watering increase of 13.6% from the previous year—it’s no wonder more folks are looking for rental options. Regionally, which spans Charleston, Colleton, Berkeley, and Dorchester counties, there’s also been a price rise of 4.6% to a median of $429,000.

Waterfront Living in High Demand

The demand for waterfront living is apparent as properties fly off the market. A recent example includes a stunning downtown Charleston home that sold for a jaw-dropping $15.2 million. Meanwhile, Kiawah Island’s median sales price has experienced a staggering 42% increase, reaching $3.3 million as of March, while Isle of Palms isn’t far behind with a 28% increase to $2.6 million.

James Island isn’t left out either, seeing its median sales price tick up by 5% to $1.58 million year-over-year.

Other Noteworthy Sales and Developments

$8 million and spans over 33,450 square feet on approximately 7 acres, complete with leasing options.

Moreover, a triplex property at 2135 Montford Ave in Charleston was sold for $1.2 million. Lastly, a charter school has secured a lease on over 1,700 square feet of office space at 107 West 6th North St. in Summerville, highlighting the growing interest in commercial developments.

New Home Models Launching

Nexton’s Midtown neighborhood is also seeing action as Saussy Burbank unveils their new model home called The Cooper. This stunning two-story home offers 3,091 square feet of living space, with three bedrooms and 2½ bathrooms, all inspired by local river themes and starting at prices in the low-to-mid $700,000s.

As Charleston continues to grow and evolve, these new rental options will help meet the increasing demand for housing while allowing more potential residents the opportunity to embrace the Lowcountry lifestyle.

Deeper Dive: News & Info About This Topic

HERE Resources

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Charleston Sees a Slight Decline in Rent Prices This March
Charleston Enacts New Construction Noise Ordinance
Charleston Bluegrass Festival Set for March 28-29
Charleston County Council’s Oath Requirement Sparks Debate
New Short-Term Rental Limits in North Charleston
Proposed Noise Ordinance Changes in North Charleston
Charleston County School District Updates TIF Policy
Rev. Kylon Middleton Elected Chairman of Charleston County Council
Charleston and Isle of Palms Reach Agreement with Rental Companies

Additional Resources

• Charleston Business: 1937 Home on One of Largest Lots on Charleston Peninsula Hits Market
• The State: South Carolina Real Estate News
• Stacker: Cities with Fastest Growing Home Prices in South Carolina
• Nora Dada Real Estate: Charleston SC Real Estate Market
• Realtor.com: Charleston Townhome Sale Highlights
• Wikipedia: Real Estate
• Google Search: Charleston Real Estate Market
• Google Scholar: Charleston Housing Prices
• Encyclopedia Britannica: Real Estate South Carolina
• Google News: Charleston Housing Developments