Do you want to live on Sullivan's Island?? 

Forbe's magazine just ranked Sullivan's Island as the 70th most expensive place to live, which was down from 64th on the list last year.  The median sales price on Sullivan's Island is $1,195,000.  Just last month, the largest sale ever occurred on the island.  A businessman from NY purchased a 4,500 sq ft, 6 bedroom, Sullivan's Island home for $4.72 million.  This just barely exceeded the prior record of a home that sold for $4.7 million in April 2006.  This is the case largely in part because of supply and demand, the town's restrictions on hotels and condominiums, and the limited short-term rental market.

Isle of Palms also made the list at No. 199 with a median sales price of $862,000.  Charleston came in at No. 327 with a median sales price of $765,000. 

If you'd like more information about real estate on Sullivan's Island, please contact the Rigot & Carter Real Estate Team at 843-416-2010 or RigotCarter@kwcharleston.com.  We'd love to help you make Sullivan's Island your home!

 *Info obtained from The Post & Courier - 9-25-07