South Carolina Islands For Sale Face Deep Price Cuts

by Deidre Woollard (RSS feed)
Jul 13th 2010 at 1:01AM

These days even private islands are facing price cuts. South Carolina's Beaufort County is home to an estimated 1,300 islands including Savage Island which was listed at $15 million when we looked at it as an estate of the day in 2007. The State reports that its list price has since fallen to less than $7 million. Live Oak Island, a 12-acre property in northern Beaufort County was once listed at $10 million but is now for sale for $4.5 million. This island is reachable by yacht from St. Helena Sound or by its causeway from Fripp Point Road. It is owned in part by a member of the Close family, a Fort Mill-based textile clan that sometimes allows Boy Scouts and schoolchildren to explore it. There are eight waterfront lots with utilities in place but no buildings on the property. It does offer a saltwater pond and a private beach separated from the sound by an aqueduct and a dock with six boat slips and two boat lifts.

Tags: beaufort, live oak island, private island, private islands, south carolina real estate