Beaufort, SC real estate observers s have been waiting for years for the next step to be taken in Port Royal, where 50 acres of pristine waterfront property awaits development. For years, the South Carolina Ports Authority operated a lightly-used shipping port on the site. The port has been shut for several years now.
First, just a few years ago, former Gov. Mark Sanford signed a bill ordering the closure of the port, which sits behind an imposing wall of rusted chain-link fence. Gov. Sanford also ordered the property be sold for development. Real estate excitement hit fever pitch as speculators swarmed the quiet little town to grab their piece of the real estate pie. Property owners put insane asking prices on their properties, and in many cases were rewarded with eager buyers.
Port Royal became known up and down the East Coast.
Then..............silence. The property, deemed overpriced by many, didn't sell. And Port Royal began to languish. Enthusiasm waned.
Recently, the buzz around the port has re-emerged, as developers have begun to kick the tires of the shuttered ports.
I always thought there was an opportunity for Port Royal to be a more toned-down version of Harbor Town in Hilton Head, and a great complimentary community to Historic Beaufort, just a few miles down the road.
Nobody doubts the viability of the property, which is ideal for the super marina, residential and commercial developments envisioned by many. For more information, visit www.ExploreBeaufortRealEstate.com, and feel free to contact Keith Strawn.