$1,300,000
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
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.
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.
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.
St. Andrews School Of Math And Science
Elementary
C. E. Williams Middle School For Creative & Scient
Middle
West Ashley High School
High
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.
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.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$1200K
Midpoint
$1300K
High
$1400K
$514/SF estimated price per square foot
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.
Wappoo Heights median home values increased 35% from 2020-2025. Strong demand from professionals and families. Walkability Rating estimate: 65/100.
Proximity to downtown Charleston offers access to cultural and dining experiences. Nearby grocery stores and schools enhance convenience. Charleston Harbor provides recreational opportunities.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$63/SF
Arm's length transaction
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