78 Society Street, Charleston, SC 29401 MLS #25009004

$3,500,000 Status: For Sale
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5 Beds
3 Baths
2 Half Baths
2976 sq2
Lot Size: 0.1000 acres
Year Built: 1882
DOM: 6

Locations

Address:
78 Society Street
Subdivision:
Downtown
City:
Charleston
Zip Code:
29401
County:
Charleston
State:
SC

Features and Amenities

Cooling:

Central Air

Floors:

Marble, Wood

Roof:

Metal

Laundry Features:

Electric Dryer Hookup, Washer Hookup, Laundry Room

Community Features:

Trash

Interior Features:

Ceiling - Smooth, High Ceilings, Eat-in Kitchen, Family, Formal Living, Living/Dining Combo, Separate Dining, Utility

Fireplace Features:

Bedroom, Dining Room, Family Room, Living Room, Three +

Lot Features:

0 - .5 Acre

Style:

Charleston Single, Live/Work

Utilities:

Charleston Water Service, Dominion Energy

Description

Welcome to the R.C. Salas House located at 78 Society St. This unique property, with a history dating back to the 1880s, is located in the heart of downtown's commercial district. The building is situated along the bustling section of Society Street between Meeting Street and King Street, just a few blocks north of the Charleston Place Hotel.Thoughtfully designed for comfort and charm, this turnkey property features twoseparate units, ideal for investors looking to maximize rental revenue. Importantly, the property benefits from a rare BZAZ variance, which allows for the operation of two legal accommodation units on the property. This is a premier investment property, with a proven track record of short-term rental success on Airbnb and VRBO-(the current owner has operated the property as a self-managed short term rental operation for several years). In addition to two on-site (tandem) parking spaces, the property benefits from an off-site parking easement with the right to use two parking spaces in the adjacent property that are located immediately next to 78 Society St (there is no monthly cost for the use of these spaces and are available 24/7). The downstairs unit sleeps 4 guests with 2 bedrooms and 2.5 bathrooms. The upstairs unit sleeps 8 guests with 3 bedrooms and 1.5 bathrooms. The entire home accommodates up to 12 guests with a total of 5 bedrooms, 3 full baths, and 2 half baths. This home features fully equipped kitchens on both levels, 7 fireplaces (not used by owner), charming, enclosed side porches, and a picturesque courtyard in the back. For a creative investor, the rear section of the property may offer an opportunity to expand the structure or build a supplemental building (buyer to study and verify). Why You'll Love it! - Turnkey: Ready for immediate rental income -Prime Location: In the heart of downtown Charleston. One block from King Street, two blocks from Market Street, walking distance to fine dining and shopping! -Strong Rental History: A high performing short-term rental with outstanding reviews. -Versatile Investment: Rent as two separate units or as one large home. Property is also zoned General Commercial. -X-500 flood zone (flood insurance not required by lenders). Don't miss this rare opportunity to own a profitable, well-established investment property!

Schools

Name Address Phone Type Grade
Buist Academy 103 Calhoun Street 8437247750 Public 3-8 SPED
Name Address Phone Type Grade
Memminger Elementary 20 Beaufain Street 8437247778 Public PK-5 SPED
Name Address Phone Type Grade
Charleston Day School 15 Archdale Street 843-377-0315 Private K-8
Mason Preparatory School 56 Halsey Blvd. 843-723-0664 Private K-8

WHAT IS YOUR HOME WORTH ?

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Interest Rate as of: Wed, Apr. 09, 2025
$ 3,500,000 Home Price
$ 18,535 Monthly payment
$ 2,800,000 Amount Financed
$ 222,414 Annual cost of Loan
$ 6,672,435 Total of 360 Payments

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James Schiller

James Schiller

Realtor, Brand Name Real Estate
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78 Society Street, Charleston, SC, 29401
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