Long Island, an undeveloped, roughly 4,600-acre private island in South Carolina, is on the market for roughly $29 million.
The price does include a big contingency, said co-listing agent Sink Kimmel of the Nichols Company, a realty based in Charlotte, N.C. The list price accounts for one of the current owners, James Triplett, potentially building a roughly 75-foot-long bridge to another island that would link Long Island to Charleston by land. Long Island is currently reachable only by boat.
Mr. Triplett has spent his career running companies specialized in structural engineering for transportation and would build the bridge if it is possible.
The sellers would consider many scenarios if the bridge didn’t work out, including refunding roughly $4 to $5 million of the purchase price.
The current owners put 4.8 acres under an easement with the South Carolina Battleground Trust. Within the easement area is Star Fort, an earthen cannon fortification which garrisoned the Massachusetts 55th Volunteer Infantry, an all-black Civil War regiment.
There are other Civil War relics on the island, which lies just 11 miles from downtown Charleston, Mr. Kimmel said.
Source: PropGOluxury via WSJ
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