Community Profile Downtown Charleston

Dated: 11/14/2016

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Downtown Charleston, South Carolina

The Historic Charleston Peninsula is the center of the city and all roads lead to downtown Charleston. World class shopping, fine dining, museums, historic sites, cultural attractions, churches, entertainment and parks are all within walking distance of some of the most sought after, prestigious and expensive real estate in the country.

While Charleston is best known for the Charleston Single House, there are many examples of Colonial, Federal, Georgian, Italianate, Greek Revival and other architectural styles represented in Historic Charleston. Primary and second (or third) home buyers and investors can find antebellum mansions, lovely older homes, smaller carriage houses, older homes that have been converted into condos, newly built contemporary urban condos or even a Pied à Terre.

Historic Charleston neighborhoods including South of Broad, The French Quarter, Harleston Village and Ansonborough offer a diversity of housing options for downtown living in a historic setting not generally found in many cities around the country. Just above the Crosstown you’ll find two of Charleston’s first suburbs, the classic neighborhoods of Wagener Terrace and Hampton Park.

Faculty and students at MUSC and The College of Charleston along with the many visitors to the city bring an added vibrancy to downtown living. It’s no wonder the Charleston Convention and Visitors Bureau (CVB) uses the tagline, “where history lives” and nowhere is that more true than in the Historic Charleston Peninsula.

Charleston, the oldest and second-largest city in the state of South Carolina, has bagged numerous awards and recognition for being the most amicable and polite city in the US. The city’s six distinct areas make it even more alluring with Downtown Charleston being the second most historically important place in the US. The Peninsula, or Downtown has rich love for art, music, local cuisine and fashion which makes it an amazing place to live and enjoy life.

Historical Significance

Downtown Charleston is the cultural capital of the South and is believed by many to be a living museum. It provides great exposure to historic landmarks, including 18th century homes and plantations, the Battery, museums, churches and the city market.

One must see attraction of Downtown Charleston includes ‘The French Quarter’ which emanates the true historic feel of Charleston. The French Quarter is situated within the original city walls which date back to the colonial era. It is also home to hundreds of works of art by various local and national artists.

Most of Downtown is historic with Tradd St, Limehouse, Meeting, South Battery, East Bay being some of the most historically significant streets.

Downtown – Medical Hub In Charleston:

In addition to being an historical goldmine, the Peninsula is also a medical hub of Charleston with several major hospitals located in the area. The major hospitals include Medical University of South Carolina Medical Center (MUSC), Ralph H. Johnson VA Medical Center and Roper Hospital. MUSC is the sixth-oldest continually operating school of medicine in the US.  The Downtown medical district is experiencing a major expansion specifically in the areas of biotechnology and medical research industries together with substantial expansions of all the major hospitals.

Major Attractions:

The Art Institute of Charleston, which is located in Downtown on North Market Street, opened in 2007 and is the center of attraction in the Peninsula. Its streets made of cobblestone are eye catching and luring. Horse-drawn carriages can be seen touring throughout the city and offer a unique way to view all the city has to offer. A ride on these carriages reminds one of the old days.

Traffic and Mode of Transport:

Downtown Charleston is a relatively small area, covering less than 8 square miles. Public transit includes the Charleston Area Regional Transportation Authority (CARTA) for ease in getting around. The Peninsula is often filled with numerous travelers visiting to experience its rich love for art, music, fashion and local cuisine. Nearly 4.51 million people visit the city on an annual basis generating an estimated economic impact of $3.22 billion.

Real Estate In Downtown

Downtown is one of the most gorgeous places to live in the US.  Most of the historians have marked Downtown Charleston as the second most historically important city in the US. This incredible area has a lot to offer to potential property buyers. Although home prices in the area are higher than surrounding regions, the charm in the Peninsula is undeniable.

The downtown Charleston real estate market consists primarily of 9 boroughs or neighborhoods.

  • South of Broad – This is one of the most popular areas of Downtown Charleston, for tourists and home owners alike.

  • Harleston Village – This borough is situated just 3 blocks away from the city’s hospitals and is also near the only lake in town.

  • French Quarter – Very reminiscent of the look and feel of New Orleans; this region is centered amongst local commerce.

  • Ansonborough – This suburb is one of the most sought after of all the Downtown Charleston areas.

  • Radcliffeborough – The borough is located in the middle of Calhoun and Morris St.

  • Wraggborough – The place is close to nightlife, dining, and entertainment of downtown.

  • Cannonborough and Elliottborough – This region offers the most affordable Downtown Charleston real estate.

  • Hampton Park – Hosts gorgeous homes, nature and green spaces.

  • Wagener Terrace – Known for modestly sized and priced homes.

Buying property in the historic area:

Strict building codes are in place in many Downtown Charleston area making it even more cumbersome to renovate the property. There are also awards and recognition for property owners that take painstaking efforts to retain the historic integrity of the property.

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