85 Cumberland St Unit 5 Charleston, SC 29401
French Quarter Neighborhood
2
Beds
1.5
Baths
1,012
Sq Ft
1900
Built
Highlights
- Wood Flooring
- Elevator
- Home Security System
- High Ceiling
- Dual Closets
- 4-minute walk to Lawrimore Park
About This Home
As of August 2021Here's a rare opportunity to own a pristine two-bedroom penthouse in Charleston's historic French Quarter. Market's Gate at 85 Cumberland Street is where modern meets historic, and Penthouse 5 has been painstakingly renovated and fully furnished to create the ultimate lifestyle for even the most discriminating buyer.The building offers a secured entry, a grand entrance hall with a massive chandelier and an elevator that is reminiscent of 1940s Paris.Penthouse 5, a two-story unit, includes 10-foot ceilings, heavy moldings, exposed brick, heart-pine floors and a gourmet kitchen that make this an incredible living experience.Upstairs, Penthouse 5 offers an open floor plan with a living room, powder room, a dining/kitchen area and French doors that open to a quaint terrace that offersviews of many of Charleston's most iconic landmarks.
The kitchen has custom-made cabinets, granite countertops and high-end appliances, including Sub-Zero, Bosch and Jenn-Air.
Downstairs, the master bedroom includes a queen-sized bed, his-and-hers closets and a sitting area.
The downstairs bathroom offers dual vanities, a shower and separate tub, and a linen closet that houses a washer and dryer.
The other bedroom includes a sofa/sleeper.
Penthouse 5 is unique because it is the only unit in the building that offers both a security system and a Rinnai tankless water heater.
The location of Penthouse 5 gives you the opportunity to walk, bike or take a carriage ride to many of the nearby events and venues that make Charleston the No. 1 city in North America.
Last Agent to Sell the Property
Coldwell Banker Realty License #85954 Listed on: 06/22/2016
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,918
Year Built
- Built in 1900
Parking
- Off-Street Parking
Home Design
- Brick Foundation
- Stucco
Interior Spaces
- 1,012 Sq Ft Home
- 2-Story Property
- Smooth Ceilings
- High Ceiling
- Ceiling Fan
- Combination Dining and Living Room
- Crawl Space
- Dishwasher
- Stacked Washer and Dryer
Flooring
- Wood
- Stone
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Dual Closets
- Walk-In Closet
- Garden Bath
Home Security
- Home Security System
- Fire Sprinkler System
Schools
- Memminger Elementary School
- Courtenay Middle School
- Burke High School
Utilities
- Central Air
- Heat Pump System
- Tankless Water Heater
Community Details
- French Quarter Subdivision
- Elevator
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 23, 2023
Sold by
Anderson Craig
Bought by
Williams Richard Hunter
Purchase Details
Listed on
May 3, 2021
Closed on
Aug 17, 2021
Sold by
Olson Living Trust
Bought by
Anderson Craig and Reene Inga
Seller's Agent
Cara Schaafsma
Carolina One Real Estate
Buyer's Agent
Brad Chapman
Riverland Realty
List Price
$375,000
Sold Price
$340,000
Premium/Discount to List
-$35,000
-9.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.31%
Purchase Details
Closed on
Aug 25, 2017
Sold by
Olson Jon Walter
Bought by
Olson Jon Walter and The Olson Living Trust
Purchase Details
Listed on
Jun 22, 2016
Closed on
Aug 8, 2016
Sold by
Novek Stuart Lee and Novek Amy Robin
Bought by
Olson Jon Walter
Seller's Agent
Philip Bowman
Coldwell Banker Realty
Buyer's Agent
Brian Walsh
William Means Real Estate, LLC
List Price
$640,000
Sold Price
$640,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.98%
Purchase Details
Closed on
Dec 20, 2011
Sold by
Api Charleston Llc
Bought by
Novek Stuart Lee and Novek Amy Robin
Purchase Details
Closed on
Sep 12, 2011
Sold by
Markets Gate Inc
Bought by
Api Charleston Llc
Purchase Details
Closed on
Apr 13, 2011
Sold by
Markets Gate Inc
Bought by
Eighty Five Cumberland Llc
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $485,000 | None Listed On Document | |
| Deed | $340,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Deed | $395,000 | -- | |
| Deed | $227,500 | -- | |
| Foreclosure Deed | $2,905,923 | -- | |
| Special Warranty Deed | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/28/2025 07/28/25 | For Sale | $525,000 | +54.4% | $1,085 / Sq Ft |
| 08/23/2021 08/23/21 | Sold | $340,000 | -9.3% | $702 / Sq Ft |
| 08/06/2021 08/06/21 | Pending | -- | -- | -- |
| 05/03/2021 05/03/21 | For Sale | $375,000 | -41.4% | $775 / Sq Ft |
| 10/05/2016 10/05/16 | Sold | $640,000 | 0.0% | $632 / Sq Ft |
| 09/05/2016 09/05/16 | Pending | -- | -- | -- |
| 06/22/2016 06/22/16 | For Sale | $640,000 | -- | $632 / Sq Ft |
Source: CHS Regional MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $8,403 | $20,400 | $0 | $0 |
| 2022 | $5,486 | $20,400 | $0 | $0 |
| 2021 | $5,486 | $18,420 | $0 | $0 |
| 2020 | $4,867 | $18,420 | $0 | $0 |
| 2019 | $6,536 | $23,700 | $0 | $0 |
| 2017 | $6,244 | $23,700 | $0 | $0 |
| 2016 | $1,351 | $10,440 | $0 | $0 |
| 2015 | $3,846 | $10,440 | $0 | $0 |
| 2014 | $3,310 | $0 | $0 | $0 |
| 2011 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
A
Seller's Agent in 2025
Adam Korson
The Boulevard Company
-
C
Seller's Agent in 2021
Cara Schaafsma
Carolina One Real Estate
-
B
Buyer's Agent in 2021
Brad Chapman
Riverland Realty
-
P
Seller's Agent in 2016
Philip Bowman
Coldwell Banker Realty
-
B
Buyer's Agent in 2016
Brian Walsh
William Means Real Estate, LLC
Map
Source: CHS Regional MLS
MLS Number: 16016791
APN: 458-09-01-326
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The information is being provided by Charleston Trident MLS. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. © 2025 Charleston Trident MLS. All Rights Reserved
Nearby Homes
- 46 Queen St
- 24 Chalmers St
- 29 1/2 State St Unit B
- 15 Horlbeck Alley Unit 7
- 5 Gadsdenboro St Unit 501
- 5 Gadsdenboro St Unit 204
- 5 Gadsdenboro St Unit 410
- 34 Pinckney St
- 106 Church St Unit D
- 29 Broad St Unit A,C
- 29 Broad St Unit B
- 29 Broad St Unit C
- 29 Broad St
- 53 Hasell St Unit H
- 4 Beaufain St Unit 308
- 8 & 8 1/2 Elliott St Unit 8 & 8 1/2
- 259 E Bay St Unit 7C
- 259 E Bay St Unit 1A
- 32 Prioleau St Unit J
- 32 Prioleau St Unit N