The Charleston Condominium market is alive and well in Etiwan Pointe in Mt. Pleasant. Stuck away under the connector highway 526, is this gem of a charleston condo development that is rising from the recession ashes. The original development of 35 units was built in 2001. These well built units weathered financial storms and are now 90% owner occupied.

Along came an Atlanta developer in 2007 with great plans for a new charleston condo "Etiwan Pointe" adjacent to the older group. Even though these charleston condo's have nothing to do with the older ones ownership wise or regime wise, they carry the same name. Along comes the slowdown and the Atlanta developer goes belly up with a large number of new condo's completed and a huge field adjacent with half finished infrastructure.

Enter Blanchard and Calhoun, knights on white horses with their swords drawn to slash prices and we have a lovely turnaround. The "new" charleston condominium development at Etiwan Pointe is quite worthy of the price. This particular condo overlooks a wonderful tidal creek and large expanse of marsh. With two bedrooms and 2.5 baths, and 1888 sq ft, the price of $274,990 looks great. The ceilings are 9' and there are some nice details and open floor plans.

The clubhouse is large and could be great for renting for parties and receptions. Right in front of the clubhouse sits the pool and work out facility. Take a short hike down the dock just 50 ft from this town house and fish your heart away, drop your crab trap over or hop in your kayak for a late afternoon paddle.

This townhouse originally was out on the market at $379,000. The prices are right, for sure.

Pros

Price, price, price
Nice spacious floor plan
Unique opportunity to own a home overlooking the gorgeous creek and marsh at this price
Away from the overpass noise
Quiet neighborhood; 

Cons

Highway 526 passes by overhead at Etiwan Pointe with truck traffic
Monthly regime fee of $325
Townhouses not as "elegant" as the older Etiwan Pointe development

122 Winding Creek Ct - MLS 2922129