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.
1928 Brick Colonial on 0.41-Acre Lot with Pool
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.
See the properties helping shape the valuation.
Comparable sales
- 669 SF larger
- 2 additional bathrooms
- 2,177 SF larger lot
- 25 years newer
- 1,230 SF larger
- 1 additional bathroom
- 6,098 SF larger lot
- 12 years newer
- 1,212 SF larger
- 1 additional bathroom
- 2,140 SF larger lot
- 20 years newer
A 1928 colonial on 0.41 acres.
Building
Site & utilities
Wappoo Heights
Researched nearby locations
Location
11 Formosa Dr, Charleston, SC 29407
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.
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.
A factual market snapshot around 11 Formosa Dr.
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.
Single-Family Residential
Zoning
Research-indicated uses
- Single Family
- Accessory Dwelling Unit
- Home Occupation
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 431 SF smaller
- 993 SF larger
- 1 additional bedroom
- 1.5 additional bathrooms
What the research supports — and what is still worth verifying.
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
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify condition of pool and roof
- Confirm historic overlay restrictions
- Professional home inspection
- Review school zone assignments
What stands out about this property.
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
Sources & research confidence.
See where the property research came from and how confidence varies by field.