651 King Street, Charleston, SC 29403
Cannonborough · Charleston County
Key Facts
Description
A rare opportunity to own a newly constructed mixed-use investment property in the heart of Charleston's rapidly growing Upper King Street corridor. Completed in 2024, 651 King Street offers approximately 4,253 square feet across three stories, featuring a fully operational 5 bed, 4.5 bath luxury short-term rental on the upper floors and a ground-floor commercial space occupied by Steep Me Tea Apothecary under a long-term NNN lease. The upper-level accommodation delivers a premium guest experience with upscale finishes, spacious gathering areas, and a rooftop terrace overlooking one of Charleston's most vibrant commercial districts. The property benefits from its location within the highly sought-after Cannonborough-Elliotborough STR Overlay, one of the few areas on the peninsula where commercial short-term rentals are permitted. Positioned on the prominent corner of King and Line Streets, the property sits directly adjacent to Courier Square, a transformative $500M+ mixed-use redevelopment that continues to reshape this section of downtown Charleston with luxury residential, retail, office, hospitality, and public gathering spaces. Additional nearby growth drivers include Greystar's global headquarters, MUSC, WestEdge, the College of Charleston, and numerous new residential and commercial developments. The ground-floor commercial space was purpose-built for restaurant or retail use and includes restaurant infrastructure such as a grease trap and designated hood location. Combining stable commercial income with the upside of Charleston's thriving luxury hospitality market, this turnkey asset presents a unique opportunity to acquire a modern, income-producing property in one of the city's most supply-constrained and rapidly appreciating locations.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Structure Type
Duplex
Year Built
2024
Living Area
4,253 sq ft
Lot Size
0.05 acres
Days on Market
19
MLS® Listing#
26017763
Property Features
Interior
Appliances
Cooling
Heating
Parking
Laundry
Construction
Foundation
Roof
Sewer
Water Source
Schools
- Elementary:
- James Simons
- Middle:
- Simmons Pinckney
- High:
- Burke
Directions
North West Corner Of King And Line Streets
Affordability Calculator
$939,000
Estimated monthly payment
$24,989/mo
Principal $3,756,000 · Est. interest $5,239,954 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Charleston, SC
- $566,554
- Median Listing Price
- 61
- Median Days on Market
- 1,787
- Median Sq Ft
- $323
- Median Price / Sq Ft
- 1,229
- Active Listings
- This home’s price is 729% above the area median.
- Its price per sq ft is 242% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Charleston, SC.
Location
Points of Interest in Charleston, SC
Showing the Charleston area map.
Nearby Schools
Julian Mitchell Elementary School
Elementary · 0.3 mi away
CCSD Early College High School
School · 0.4 mi away
Charleston Progressive Academy
Elementary · 0.5 mi away
Shaw Community Center
School · 0.5 mi away
James Simons Montessori School
Elementary · 0.5 mi away
Sanders-Clyde Elementary School
Elementary · 0.5 mi away
Harvest Time International
School · 0.5 mi away
Simmons-Pinckney MS
Secondary · 0.6 mi away
Burke High
Secondary · 0.6 mi away
Charleston Charter School for Math & Science
Secondary · 0.7 mi away
Charleston Development Academy
School · 0.8 mi away
Meeting Street Academy
School · 0.8 mi away
Buist Academy
School · 0.8 mi away
Charleston County School District
Elementary · 0.9 mi away
New Israel Christian School
School · 0.9 mi away
Montessori Fountainhead School
Elementary · 1.0 mi away
Sundrops Montessori School - Palmetto Campus
Elementary · 1.0 mi away
Memminger Elementary School
Elementary · 1.1 mi away
Mason Preparatory School
Secondary · 1.1 mi away
Charleston Day School
Secondary · 1.2 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 7 Guerard Road, Charleston, SC | $3,300,000 | 4 | 5 | 3,854 |
| 833 Kirby Court, Charleston, SC | $3,300,000/mo | 5 | 4 | 2,759 |
| 75 Delahow Street, Charleston, SC | $3,395,000 | 4 | 5 | 4,690 |
| 41 Pitt Street, Charleston, SC | $3,399,000 | 7 | 6 | 4,458 |
| 6 Sayle Road, Charleston, SC | $3,450,000 | 5 | 4 | 3,072 |
| 653 Barbados Drive, Charleston, SC | $3,465,000 | 6 | 7 | 6,271 |
Moving Cost Estimate
EXIT Agents in Charleston
Listing Courtesy: Keller Williams Realty Charleston West Ashley
Presented by: Jonathan Holt - 8437904819