Islands of Beaufort Waterfront Lot Sold by Lowcountry Properties

Posted by Todd Covington on Tuesday, January 3rd, 2012 at 11:50pm.

10 Anchorage Drive, Beaufort SC, 29902Investors are always looking to buy for pennies on the dollar.  We have been encouraging real estate buyers and investors for more than a year now that there are truly amazing real estate opportunities available in Beaufort's best areas for pennies on the dollar.

Recently, Lowcountry Properties' agent, Keith Strawn sold 10 Anchorage Drive in Beaufort, SC.  This was an opportunity to buy a waterfront homesite, in one of Beaufort's best neighborhoods, for pennies on the dollar. 10 Anchorage Drive overlooks a tidal creek within Islands of Beaufort, with the potential for a dock.

10 Anchorage Drive Purchased just a few short years ago for $280,000. The asking price on this attractive building site was just been reduced to an astounding $99,000. Heck, this homesite sold in 1998 for $199,000. Talk about rolling back the clock on pricing.  Even harder to believe, Keith sold this lot for $21,000.

And, make no mistake, this was not a far-flung property located in some obscure area 30 or 40 minutes from Historic Downtown Beaufort. Anchorage Drive is the premier address in Islands of Beaufort, a gated community minutes from downtown Beaufort. In fact, Anchorage Drive is one of the few addresses in the area that offers the additional security of a security gate within a gated community.

Homes are available in Islands of Beaufort from the mid-$400,000 range, up to $894,000, for a 5-bedroom home on the waterfront. Homes on Anchorage Drive have sold in recent years in the $900,000 to $1 million range.

For more information on opportunities like 10 Anchorage Drive, Island of Beaufort, or some of the other incredible opportunities available in the Beaufort, SC, real estate market, don't hesitate to let us know.

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