East of the Cooper ... Mount Pleasant has enjoyed somewhat better planning than the typical South Carolina community with a selection of communities designed around shopping, child care, and schools. Of course the beaches just across the bridge are the main draw, but there is a certain look and feel to Mt. Pleasant that people seem to find attractive that is difficult to explain. The Town of Mount Pleasant has recently enacted a fairly severe restriction to building permits that even with recent increases still cap building at less than 1000 permits/year. Since this makes production building impractical, almost all the permits will be used for custom or near custom homes.
With demand continuing to increase rapidly, and with slowly increasing supply, prices are predictably shooting upwards. Another factor affecting demand is that many local residents are itching to find a home for their newly acquired equity built on year after year of double-digit appreciation. With interest rates on the rise, timing is becoming very sensitive to take the greatest advantage of market conditions.
Mt. Pleasant is home to more luxury communities than other Charleston areas. Recently developed I’on has received natural acclaim for it’s blend of historic Charleston architecture, a historic district look, and integrated shopping and dining. In spite of zero lot lines and escalating prices, homes in I’on never stay on the market long. Mt. Pleasant in stretching northward past Hwy 41 with homes ranging in price from the high 200’s to well over $1 million.
Even though Mt. Pleasant schools are part of Charleston County, test scores and other education quality measurements are superior East of the Cooper to other communities in the Charleston Area.
Old Village Mt. Pleasant . . . There are a very quaint historic section called The Village of Mt. Pleasant or simply “The Old Village” with a small shopping/dining area. You can come and spend the night if you like at The Old Village Post House. If you’re “early to bed” types, you’ll want to stick with a hotel as there is a very active restaurant and bar on premise that closes at 10pm.