Traveling from peninsular Charleston to the Town of Mount Pleasant is an exciting lesson in humankind’s ability to build a better tomorrow. Completed in 2005, the magnificent Arthur Ravenel Bridge offers travelers the perfect opportunity to transition from the old world charm of peninsular Charleston to the more modern suburb of Mt. Pleasant.
The two-and-a-half-mile long cable-stay bridge, which spans the Cooper River, is a symbol of the vital connection between Charleston and Mt. Pleasant. In fact, living in Mt. Pleasant, S.C. offers many of the same benefits of living in Charleston: a mild year-round climate, a thriving local economy, and close proximity to other major cities across the Southeast. With a population that has literally exploded over the last two decades, Mount Pleasant has assumed its own identity. With its distinctive controlled-growth posture, town planners have worked diligently to preserve Mount Pleasant’s rich heritage and small-town appeal, while allowing it to gain all the positive attributes of a much larger city.
In 2005, Mt. Pleasant was named one of the nation’s “Best Places to Retire” by CNNMoney.com. That’s because few Southern towns the size of Mt. Pleasant offer such a diverse nature. Residents can enjoy an old-fashioned ice cream soda at the Pitt Street Pharmacy in the Old Village, sip on a piping hot cappuccino at Starbucks in Towne Center, and end the day chatting over cocktails dockside at one of Shem Creek’s many waterfront restaurants.
With interest rates remaining near 40 year lows, investors still have an opportunity to buy Mt. Pleasant real estate at these rates on investments proven to be highly secure. The tremendous rate of appreciation on Mount Pleasant real estate appeals to many of those interested in moving to the area, or owning a second home there. High-end real estate has been a particularly great investment over the last decade in Mt. Pleasant, with no end in sight for this trend. Eligible investors may also take advantage of the U.S. government’s 1031 Tax Deferred Exchange laws to help save taxes on their real estate investments in and around Mount Pleasant, South Carolina.