$1,300,000
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
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.
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.
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.
Memminger Elementary School
Elementary
Simmons Pinckney Middle School
Middle
Burke High School
High
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.
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.
Modern, well-located property in a revitalized historic neighborhood with strong appreciation potential and minimal maintenance concerns.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$1250K
Midpoint
$1300K
High
$1350K
$637/SF estimated price per square foot
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.
The Cannonborough-Elliotborough neighborhood has experienced significant revitalization and growth over the past decade, attracting professionals and families seeking urban living with historic charm.
Located within walking distance to Charleston's premier shopping, dining, and cultural attractions. Proximity to major educational and medical institutions enhances desirability.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$370/SF
New construction purchase
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