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About This Home

This 9-bedroom, 0-bathroom single family at 241 E Bay Street in Charleston, SC is listed for $5,500,000 ($468 per sqft). Built in 1871, the home offers 11,752 sqft of living space on a 0.15 acres lot.

Agent Description

Beautifully restored and well maintained, this 4 unit masonry structure is located in the center of the Historic District, one block from the City Market, surrounded by fine restaurants and shopping. The property also includes its own parking with 9 spaces onsite.

Zoned General Business and located within the accommodation zone, approval for 4 unit accommodations, currently operating as the Charleston Chestnut Mansion, a 4 unit short term rental. This versatile property can operate as short term or long term rentals, or offices giving one flexible use into the future depending upon market needs, especially with its corner location on East Bay and Guignard Streets.

All 4 units are completely updated and furnished with bookings well into the future.Each unit has a separate entrance. The first floor has two 2 BD units at 1,400 SQFT each. The second floor is over 3,300 SQFT, with 3 BDs, 3BAs, and elevator access. The third level spans the upper floor with over 2,100 SQFT and 2 BDs.

Originally 2 separate structures, with the original built in 1871 (241 East Bay), a later addition at 243 East Bay was added during the 1986 Restoration. Comprehensive renovations from 2015 to 2021, including mechanical systems, windows, interior updates. 2025 gross income $588,061. Showings limited due to bookings. This property is turnkey and ready to go!

Key Features

  • Built in 1871
  • 0.15 acre lot
  • 3 stories

Property Details

3 stories
9 full
1871

Amenities

A/C

Monthly Cost Estimate

$29,415/mo

20% down · 6.5% · 30 years

Principal$3,978
Interest$23,833
Insurance$1,604

Estimates only. Actual payments may vary.

Location

241 E Bay Street

Charleston, SC 29401

Ansonborough

Property Details

Construction

Block Stucco

Heating

CentralDuctless (Heating)Forced Air

Cooling

Central Air

Questions & Answers

This 9-bedroom, 0-bathroom single family at 241 E Bay Street is listed at $5,500,000 ($468/sqft). The estimated monthly payment is $23,833 based on 20% down at 6.5% interest.

Key features include: Built in 1871, 0.15 acre lot, 3 stories.

This property is listed by Charles Sullivan and can be reached at (843) 266-8000 or csullivan@carriageprop.com.

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CS

Charles Sullivan

Agent at Carriage Properties LLC

(843) 266-8000

Listed by Carriage Properties LLC · View on Broker Site

MLS# 26005458· Source: listhub· Updated 43 days ago

Copyright © 2026 CHS Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

241 E Bay Street, Charleston, SC 29401

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