For SaleSingle Family Home

$1,300,000

Contemporary Charleston Single — Private Top-Floor Primary Suite

44 Dereef Court, Charleston, South Carolina 29403, United States

Modern 4BR/3BA home in Morris Square, steps from King Street

4

Beds

3

Baths

2,039

Sq Ft

2019

Built

0.02 acres

Lot

Private driveway for 2 vehicles; no garage

Garage

Move-in ready conditionPrimary suite occupies entire top floorMain-floor en-suite bedroomStainless steel appliancesHardwood floors throughoutPrivate driveway for two vehiclesBuilt in 2019 with metal roof and low-maintenance exterior

About This Home

The most striking feature of 44 Dereef Court is the private primary suite occupying the entire third floor — a true retreat above the bustle of downtown Charleston. Climb to the top level and you’ll find a generous footprint, vaulted ceiling volume and the kind of privacy rare in an urban home. Built in 2019 with modern Charleston Single proportions, this residence pairs contemporary finishes with traditional proportions: hardwood floors flow through expansive rooms while high ceilings and clean millwork keep the spaces feeling open and refined.

The main living level centers around an open-plan living and dining area that stretches from front to back, ideal for both everyday routines and entertaining. The kitchen is outfitted with stainless steel appliances and a pantry for practical storage; durable cement siding and a metal roof emphasize low maintenance and longevity. One of the property’s practical advantages is a main-level bedroom with an en-suite bath — perfect for guests, multigenerational living, or a dedicated home office with private access.

Designed for downtown life, the house makes efficient use of its 2,039 square feet and compact 0.02-acre lot. Outdoor obligations are minimal thanks to the metal roofing and modern exterior materials; meanwhile, a private driveway that fits two vehicles is a rare and valuable amenity in this neighborhood. Systems include central air and electric heat, and the overall condition is described as excellent — a move-in-ready option for professionals, faculty, or a family seeking an urban base.

Placement in the Morris Square pocket of Cannonborough-Elliotborough is where lifestyle and location converge. You’re 0.2 miles from King Street’s shops and restaurants, 0.3 miles from the Medical University of South Carolina, and a short walk to the College of Charleston and Marion Square. Cultural destinations like the Charleston City Market are within walking distance, making errands, dining, and weekend plans easily walkable. The neighborhood has seen steady revitalization, blending historic charm with contemporary construction, and this home captures that balance.

44 Dereef Court is an attractive mix of modern construction, smart floor planning, and downtown convenience. Its configuration — private top-floor primary, main-level en-suite, hardwood floors throughout, and off-street parking for two — makes it both practical and distinctive. For buyers prioritizing proximity to Charleston’s best dining, arts, and institutions while minimizing maintenance, this home is a rare downtown offering.

Property Features

Interior Features

  • 4 bedrooms, 3 bathrooms
  • Primary suite occupies entire third floor
  • Main-level bedroom with en-suite bathroom
  • Hardwood floors throughout
  • High ceilings and open living spaces
  • Kitchen with stainless steel appliances and pantry
  • Central air conditioning; electric heat

Exterior & Lot

  • 0.02-acre lot (approx. 871 sq ft)
  • Cement siding and stucco construction
  • Metal roof for durability and low maintenance
  • Private driveway accommodating two vehicles
  • Level lot within Morris Square community

Location & Neighborhood

  • Morris Square community in Cannonborough-Elliotborough
  • 0.2 mi to King Street shopping & dining district
  • 0.3 mi to Medical University of South Carolina (MUSC)
  • 0.5 mi to College of Charleston
  • 0.4 mi to Marion Square Park; 0.7 mi to Charleston City Market

Walkability & Recreation

  • Walkability Rating: 92/100 — Very Walkable
  • Marion Square Park (0.4 mi)
  • King Street shopping and dining district (0.2 mi)
  • College of Charleston campus (0.5 mi)
  • Charleston City Market (0.7 mi)
  • Close access to cultural venues, restaurants, and urban parks

Neighborhood

Cannonborough-Elliotborough blends historic Charleston character with contemporary urban amenities. The neighborhood has seen significant revitalization, attracting professionals, faculty, and families who value proximity to King Street, MUSC, and the College of Charleston. Sidewalk-lined streets lead to a wide array of cafés, craft cocktail bars, boutiques, and weekly events at Marion Square. While public school ratings vary, the area offers many private and charter school alternatives and easy access to medical and cultural institutions. The result is an energized downtown lifestyle with both neighborhood intimacy and city-scale convenience.

Market Insights

Downtown Charleston remains a seller-leaning market with constrained supply and steady demand for urban single-family homes. Inventory in this corridor is roughly 2.5 months, signaling limited choices for buyers; median sale price in the area is about $1,000,000 with one-year appreciation around 5% and five-year appreciation near 25%. Recent Morris Square sales show strong per-square-foot pricing — comparable closed sales on Dereef Court recorded $1,200,000 and $1,025,000 in late 2024, reinforcing a valuation band centered near $1.25M–$1.35M. Average days on market locally sits near 64 days, indicating properties priced correctly still sell briskly but buyers have room to act thoughtfully.

Single-family homes in Cannonborough-Elliotborough outperform many outer neighborhoods because of walkability and proximity to King Street, MUSC, and the College of Charleston. For investors, rental demand is robust — modeled rent for a 4BR downtown unit is approximately $5,000/month with gross yield near 4.6% — though owners should factor in seasonal tourist fluctuations. Given limited inventory, strong local amenities, and consistent appreciation trends, now is a compelling time for buyers seeking long-term value and immediate lifestyle benefits in the Morris Square submarket.

Nearby Schools

Memminger Elementary School

Elementary

2/10

Simmons Pinckney Middle School

Middle

4/10

Burke High School

High

1/10

Walkability & Recreation

92
Walkability
78
Recreation

Very good urban recreation access with Marion Square park, Charleston City Market, nearby college campus green spaces, and a short walk to King Street dining and cultural attractions.

Property Overview

44 Dereef Court is a 4-bedroom, 3-bathroom Charleston Single-style home built in 2019, offering 2,039 square feet of living space on a 0.02-acre lot within the Morris Square community in downtown Charleston. This modern residence combines contemporary design with classic Charleston architecture, featuring an open floor plan, high ceilings, and hardwood floors throughout. The kitchen is equipped with stainless steel appliances and a pantry, catering to both functionality and style. The primary suite occupies the entire top floor, providing a private retreat with ample space and natural light. A bedroom with an en-suite bathroom on the first floor offers convenience for guests or those preferring main-level living. The property includes a private driveway accommodating two vehicles, a notable amenity in the downtown area. (akersellis.com)

From a valuation perspective, recent comparable sales within the Morris Square community and surrounding areas suggest a current market value between $1,250,000 and $1,350,000, with a midpoint estimate of $1,300,000 ($637 per square foot). The property was purchased in July 2019 for $750,000, indicating significant appreciation over the past seven years. The current assessed value of $750,000 appears below market, reflecting the rapid appreciation in this desirable neighborhood. (redfin.com)

Cannonborough-Elliotborough is a vibrant and historic neighborhood that has undergone substantial revitalization, attracting professionals and families seeking urban living with historic charm. The property's proximity to King Street's shopping and dining district (0.2 miles), the Medical University of South Carolina (0.3 miles), and the College of Charleston (0.5 miles) enhances its desirability. Additionally, Marion Square Park (0.4 miles) and the Charleston City Market (0.7 miles) are within walking distance, offering ample recreational and cultural opportunities. (akersellis.com)

The downtown Charleston real estate market remains robust, characterized by limited inventory and steady appreciation. The median sale price in the area is approximately $1,000,000, with homes averaging 64 days on the market. The neighborhood's growth and revitalization continue to drive demand, making properties like 44 Dereef Court highly sought after. (redfin.com)

Overall, 44 Dereef Court presents a unique opportunity to own a modern home in a historic and thriving neighborhood. Its thoughtful design, prime location, and strong appreciation potential make it an attractive option for buyers seeking the quintessential Charleston experience without compromising on contemporary comforts.

Investment Highlights

  • Modern construction (2019) with classic Charleston architectural elements
  • Prime downtown location within walking distance to King Street and MUSC
  • Significant appreciation since 2019 purchase, indicating strong investment potential
  • Private primary suite occupying entire top floor for enhanced privacy
  • Private driveway with off-street parking for two vehicles, a rarity in downtown Charleston

Key Findings

  • Purchased in July 2019 for $750,000; current estimated value around $1,300,000
  • Located in the revitalized Cannonborough-Elliotborough neighborhood
  • Proximity to major educational and medical institutions enhances desirability
  • Modern infrastructure reduces maintenance concerns associated with older homes
  • Limited inventory in downtown Charleston contributes to strong market demand

Things to Consider

  • Small lot size (0.02 acres) may limit outdoor space
  • Proximity to downtown may result in higher noise levels
  • Local public schools have lower ratings, which may impact family buyers
  • Historic district regulations may impose restrictions on exterior modifications

Opportunity Analysis

Modern, well-located property in a revitalized historic neighborhood with strong appreciation potential and minimal maintenance concerns.

Potential Use Scenarios

  • Ideal primary residence for professionals seeking urban living
  • Potential for short-term rental income given proximity to tourist attractions
  • Long-term investment with anticipated continued appreciation

Risk Factors

  • Small lot size limiting outdoor amenities
  • Potential noise due to downtown location
  • Lower-rated public schools may deter family buyers

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

AI Valuation Estimate

Low

$1250K

Midpoint

$1300K

High

$1350K

$637/SF estimated price per square foot

85% confidence

Sales comparison approach using recent sales of similar properties within the Morris Square community and surrounding area. Adjusted for size, condition, and location. Assessed value of $750K appears below current market value.

As of 2026-03-06

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$1,000,000
Avg Days on Market64 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)15,000
Median Income (1 mi)$65,000

The Cannonborough-Elliotborough neighborhood has experienced significant revitalization and growth over the past decade, attracting professionals and families seeking urban living with historic charm.

Nearby Points of Interest

  • King Street shopping and dining district (0.2 mi)
  • Medical University of South Carolina (0.3 mi)
  • College of Charleston (0.5 mi)
  • Marion Square Park (0.4 mi)
  • Charleston City Market (0.7 mi)

Located within walking distance to Charleston's premier shopping, dining, and cultural attractions. Proximity to major educational and medical institutions enhances desirability.

School District

DistrictCharleston County School District
ElementaryMemminger Elementary School (2/10)
MiddleSimmons Pinckney Middle School (4/10)
HighBurke High School (1/10)

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

Property Details

Building Details

Year Built2019
Constructioncement siding and stucco
Stories3
Roofmetal
Heatingelectric
Coolingcentral air
Basementnone
FireplaceNo
Conditionexcellent

Lot & Site

Lot Size0.02 acres (871 SF)
Topographylevel
Parkingoff_street
Parking Spaces2
FrontageLocated within Morris Square community

Utilities

Waterpublic
Sewerpublic
ElectricDominion Energy

Zoning & Land Use

Zoning CodeDR-2F
DescriptionDiverse Residential (Duplexes and Single-Family)
JurisdictionCity of Charleston

Allowed Uses

single familyduplexaccessory dwelling unit
Current Useresidential
Assessor UseResidential Single Family

Tax & Sale History

Tax Assessment

Total Assessed$750,000
Land$355,000
Improvements$395,000
Annual Tax (2022)$11,982

Sale History

2019-07-12$750,000

$370/SF

New construction purchase

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