A luxurious waterfront residence on Daniel Island has set a new benchmark in the Charleston community’s real estate market, selling for nearly $10.5 million. Located at 541 Old Compass Road in the prestigious Captain’s Island neighborhood, this property boasts an array of high-end features including an elevator, wet bar, wine cellar, three-car garage, breathtaking views of the Wando River, and its own private dock.
The sale of this 6,709-square-foot home translates to an unprecedented price of roughly $1,500 per square foot, significantly surpassing the previous record of $6.4 million at about $447 per square foot in 2021. Completed in 2023, the transaction was facilitated between the Geechee Revocable Trust and the Allen Management Trust, represented by co-trustees David B. Allen and Melinda B. Allen, according to Berkeley County Register of Deeds records.
Adjacent to this record-setting property is another luxury home on the market for $8.5 million, highlighting the upscale real estate trend on Daniel Island. Recent months have seen a surge in property values on the island, with homes selling for upwards of $7 million.
This sale underscores the escalating luxury real estate market in the Charleston region, although the most expensive residential sale remains the Vanderhorst Mansion on Kiawah Island, which sold for $20.5 million in 2021.
