Many home buyers look for newer condos on James Island because they offer low-maintenance living and a great location in the Charleston area. In response, James Island has one of the largest selections of new condos in Charleston. We get a lot of questions from clients about buying condos, so we've included some information below about James Island condos in general. We've also included condo communities that we recommend to our clients.
By definition, condos (in James Island and elsewhere) do not have a private yard - instead, all of the owners in a condo community share the green areas, or common areas, throughout the neighborhood. These common areas are maintained using the monthly regime fees paid by the owners. Regime fees usually include lawn maintenance, maintenance of the exterior of the building, and access to the amenities. Most of the James Island condo communities have amenities like a swimming pool, a club house, a fitness center, and tennis courts.
Some regime fees include insurance for the building. This type of insurance would not cover personal possessions (like furniture, clothes, etc.), but it would cover the actual condo unit. Regime fees can vary greatly among the James Island condo developments, so be sure to include these when comparing the costs of condos. Also, be sure to ask whether there will be any future assessments. Many of the condos in Charleston have increased their regimes in the past year or two, so it's important to take future costs into consideration as much as possible.
Below you'll see some of the newest condo developments on James Island. These communities are also some of the most popular in this area.
Built in 2006, The Regatta condos are priced starting around $160K for a 1 bed/1bath unit.
Built from 2003 to 2005, The Retreat at Riverland is another popular condo community. Condo prices right now start around $215K for 2 beds and 2 baths.
The Peninsula is a condo conversion. It was originally built in 1998, and the apartments were converted around 2003. Prices for a 1 bed/1 bath condo start around $140K.
Mira Vista (pictured) was originally built in 2001 as apartments, and it was also converted in the past few years. Right now you'll pay about $215K for 1 bedroom and 1 bath condo.