Property listing for 11 Formosa Dr, Charleston, SC 29407
For SaleSingle Family Home

$1,300,000

11 Formosa Dr, Charleston, SC 29407

1928 Brick Colonial on 0.41-Acre Lot with Pool

3 Bed · 2 Bath · 2,527 Sq Ft

Historic Wappoo Heights home minutes from downtown Charleston

3

Beds

2

Baths

2,527

Sq Ft

1928

Built

0.41 acres

Lot

2-car detached

Garage

About 11 Formosa Dr

A commanding brick veneer Colonial built in 1928, 11 Formosa Drive sits on a rare 0.41-acre, level lot with roughly 60 feet of frontage — an unusually generous parcel for Wappoo Heights. The property pairs historic presence (masonry fireplace, classic proportions and a two-story plan) with practical modern systems: a durable metal roof, central AC, and a heat-pump heating system. At 2,527 square feet this home balances comfortable scale with room for entertaining and everyday living.

Step inside to find well-proportioned public rooms anchored by the masonry fireplace and original details that remain intact. The layout provides distinct living and dining spaces plus private wings for bedrooms and primary living areas. Two full bathrooms serve three bedrooms across the upstairs and main-level plan. The house has been maintained in good condition and offers an excellent foundation for preservation-minded updates or selective modernization while honoring its historic character.

Outside is where this property stretches beyond the typical city lot. A mature yard surrounds an inground pool, creating a private compound feel that invites al fresco dining, gardening, and summer gatherings. A two-car detached garage adds functional parking and storage that’s increasingly rare inside the peninsula. With a level yard and abundant lot depth, the grounds accommodate extensions, outbuildings, or simply generous outdoor living — subject to the property’s historic overlay and SR-1 zoning.

Location here is one of the strongest assets. Wappoo Heights is an intimate, established neighborhood less than two miles from downtown Charleston and roughly 1.5 miles from the Charleston Harbor shoreline. Everyday conveniences are minutes away — grocery options like Earth Fare and Harris Teeter sit within a short drive, and Porter-Gaud School is nearby. The neighborhood’s steady appreciation and concentration of historic homes make this a compelling address for buyers who value proximity to the city and a quiet, residential setting.

This home represents a thoughtful blend of historic fabric and modern durability with clear upside for buyers who appreciate preservation and location. Comparable recent sales in the immediate area support a market value in the $1.2M–$1.4M range; buyers should confirm pool and roof condition and review any historic overlay restrictions as part of due diligence. Private showings available by appointment.

Home Highlights

Historic 1928 brick veneer ColonialInground pool0.41-acre lot with 60' frontage2,527 SF — 3 bed / 2 bath2-car detached garageMetal roof and heat-pump systemClose to downtown Charleston and harborValuation range $1.2M–$1.4M

Property Features

Interior Features

  • 3 bedrooms, 2 full bathrooms
  • 2,527 SF of living space
  • Masonry fireplace
  • Two-story Colonial layout
  • Central air conditioning
  • Heat pump heating system
  • Good overall condition

Exterior & Lot

  • 0.41-acre level lot (approx. 17,860 SF)
  • Inground pool
  • Brick veneer construction
  • Metal roof
  • 2-car detached garage
  • 60 ft frontage on Formosa Dr

Location & Neighborhood

  • Wappoo Heights neighborhood
  • 1.5 miles to Charleston Harbor
  • 2 miles to Downtown Charleston
  • Porter-Gaud School nearby (0.7 mi)
  • Grocery stores within 0.3–0.6 miles (Earth Fare, Harris Teeter)

Walkability & Recreation

  • Walkability Rating: 65/100 — Some walkable amenities
  • Nearby access to the Charleston waterfront and downtown
  • Parks and neighborhood green spaces within a short drive
  • Walking and running routes to local schools and shops
  • Community recreation and boating opportunities on Charleston Harbor

Neighborhood & Location

Wappoo Heights is an established, predominantly residential enclave prized for sizeable lots, mature trees, and a short commute to downtown Charleston. Families and professionals are drawn to its mix of historic homes and quiet streets. Local conveniences — supermarkets, neighborhood cafes, and Porter-Gaud School — sit minutes away, while Charleston Harbor and the peninsula’s cultural destinations are easily accessible. The community feels residential and rooted, with steady demand from buyers seeking proximity to the city without living directly in the core.

Market Insights

The local market around Wappoo Heights is best described as balanced with a modest tilt toward sellers in the historic-home niche. Inventory sits at approximately 2.5 months — below a neutral 4–6 month threshold — and single-family homes in this pocket typically take roughly 70 days to sell, reflecting steady buyer interest without the desperation of a frenetic market. Broad-area median sale price is lower (around $485,000), but that figure understates demand for intact historic properties near the peninsula: comparable sales within a half-mile range from $1.2M to $1.4M over the most recent period, underscoring premium pricing for lot size, condition, and proximity to downtown.

Market dynamics favor well-priced, maintained historic homes that require limited immediate repairs; buyers see value in properties that offer both character and modern systems. For sellers, current absorption and recent appreciation (about 6% year-over-year and 35% over five years in Wappoo Heights) support listing in the upper tiers of the comparable range when condition and lot size merit it. For buyers, this is a sensible time to secure a rare large lot close to downtown — provided due diligence addresses the pool, roof, and potential constraints from the historic overlay.

Nearby Schools

St. Andrews School Of Math And Science

Elementary

7/10

C. E. Williams Middle School For Creative & Scient

Middle

4/10

West Ashley High School

High

7/10

Walkability & Recreation

65
Walkability
75
Recreation

Very good access to waterfront recreation: Charleston Harbor is about 1.5 miles away, downtown promenades and cultural sites are within 2 miles, and neighborhood parks and routes provide daily walking and running options.

Investment Highlights

  • Historic 1928 home with modern amenities
  • Desirable Wappoo Heights neighborhood with 35% appreciation since 2020
  • Proximity to downtown Charleston and Charleston Harbor
  • Inground pool and spacious lot
  • 2-car detached garage

Key Findings

  • Assessed value $532,306 (land $250,565, improvements $281,741) — annual taxes $2,358
  • Zoned SR-1 with historic overlay — potential restrictions on modifications
  • Comparable sales within 0.5 miles in last 6 months range $1.2M–$1.4M
  • Average days on market in Wappoo Heights: 70 days

Things to Consider

  • Built in 1928 — potential for higher maintenance costs
  • Historic overlay may restrict exterior modifications
  • Middle school rated 4/10 — may impact family buyer interest
  • Pool condition should be inspected

Opportunity Analysis

Well-maintained historic home in a prime Charleston neighborhood with strong appreciation trends. Proximity to downtown and modern amenities enhance desirability. Historic charm offers unique appeal.

Potential Use Scenarios

  • Potential primary residence with historic charm
  • Opportunity for preservation-focused renovation
  • Strong rental potential given proximity to downtown Charleston

Risk Factors

  • Historic property may require specialized maintenance
  • Historic overlay limits modification flexibility
  • Middle school ratings may deter some family buyers

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$1200K

Midpoint

$1300K

High

$1400K

$514/SF estimated price per square foot

82% confidence

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for lot size, condition, and amenities. Assessed value of $532,306 appears below market.

As of 2026-03-08

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$485,000
Avg Days on Market70 days
Inventory2.5 months
1-Year Appreciation+6.0%

Demographics

Population (1 mi)12,000
Median Income (1 mi)$75,000

Wappoo Heights median home values increased 35% from 2020-2025. Strong demand from professionals and families. Walkability Rating estimate: 65/100.

Nearby Points of Interest

  • Porter-Gaud School (0.7 mi)
  • Earth Fare (0.3 mi)
  • Harris Teeter (0.6 mi)
  • Charleston Harbor (1.5 mi)
  • Downtown Charleston (2 mi)

Proximity to downtown Charleston offers access to cultural and dining experiences. Nearby grocery stores and schools enhance convenience. Charleston Harbor provides recreational opportunities.

School District

DistrictCharleston County School District
ElementarySt. Andrews School Of Math And Science (7/10)
MiddleC. E. Williams Middle School For Creative & Scient (4/10)
HighWest Ashley High School (7/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1928
Constructionbrick veneer
Stories2
Roofmetal
Heatingheat pump
Coolingcentral AC
Basementnone
FireplaceYes
Conditiongood

Lot & Site

Lot Size0.41 acres (17,860 SF)
Topographylevel
Parkingdetached_garage
Parking Spaces2
Frontage60 ft frontage on Formosa Dr

Utilities

Watermunicipal
Sewermunicipal
ElectricDominion Energy
GasDominion Energy

Zoning & Land Use

Zoning CodeSR-1
DescriptionSingle-Family Residential
JurisdictionCity of Charleston

Allowed Uses

single familyaccessory dwelling unithome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$532,306
Land$250,565
Improvements$281,741
Annual Tax (2022)$2,358

Sale History

1991-05-07$160,000

$63/SF

Arm's length transaction

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