1514 Balsam Street, Charleston, SC 29407 - Carolina Elite Real Estate

$535,000

Discover a truly distinctive offering in the heart of West Ashley--an exceptional property filled with character, versatility, and future potential. Perfectly positioned directly next to the West Ashley Bikeway, this rare opportunity combines classic charm, income-producing flexibility, and valuable development possibilities, all in one highly sought-after location. Originally built with… Read More the timeless appeal of the mid-1960s, the main residence showcases thoughtful restorative improvements while preserving the warmth and personality that make homes of this era so special. The home features 3 spacious bedrooms and 1 full bathroom, along with an inviting living area centered around a cozy fireplace that adds comfort and charm. The kitchen and main living spaces offer a welcoming layout idealfor everyday living, entertaining, or relaxing at home. What sets this property apart is its exceptional adaptability. A separate private entrance leads to an additional portion of the home that is currently operating successfully as an Airbnb, presenting an outstanding opportunity for supplemental income, multigenerational living, guest accommodations, or a private work-from-home setup. Whether you are an owner-occupant looking to offset expenses or an investor seeking a flexible income-producing asset, the possibilities here are substantial. The opportunity continues outdoors, where the oversized lot opens the door to even more potential. Tucked behind the main home is an additional structure already in place and underway, complete with water and electricity already connected. This existing improvement creates a remarkable head start for a future guest house, studio, workshop, rental unit, or possible multifamily expansion, subject to any necessary approvals. Opportunities to acquire a property with this kind of built-in infrastructure and upside are increasingly difficult to find. Located in the desirable 29407 zip code, this property offers outstanding convenience to everything Charleston has to offer. Historic Downtown Charleston is just minutes away, area beaches are within a short drive, and nearby restaurants, shopping, and everyday conveniences are easily accessible. With the West Ashley Bikeway directly in back of the property, outdoor recreation and connectivity are literally right outside your door. Whether you are searching for a primary residence with character, an investment with proven income, or a property with expansion and value-add potential, this is a rare chance to secure something truly special in one of Charleston's most convenient and desirable areas. Properties with this level of flexibility, charm, and opportunity seldom come to market. Read Less

Courtesy of The Boulevard Company

Listing Snapshot

Days Online

Last Updated

Mar 6, 2026

Property Type

Single Family Residence

Beds

Full Baths

Square Ft.

1,664

Lot Size

0.21 Acres

Year Built

1965

MLS Number

26006389

30 Days Snapshot Of 29407

$842k

+16%

(avg) sold price

homes sold

112

+19%

(avg) days on market

Snapshot

Area Map

Source: Home Junction

Additional Details

Building

Built in 1965, 1 story, Levels: "One", Architectural style: "Traditional", Construction materials: "Brick Veneer", Other structures: "No", "Storage"

Cooling

"Central Air"

Fence

"Fence - Metal Enclosed"

Fireplaces

"Living Room", "One", 1 total fireplace

Floors

"Carpet", "Ceramic Tile", "Vinyl"

Heating

"Electric"

Interior Features

"Walk-In Closet(s)", "Eat-in Kitchen", "Formal Living", "Separate Dining"

Lot

0.21 acres, 9,148 square feet, Area: 0.21, "Interior Lot"

Primary Bedroom

Master bedroom level: Lower

Parking

"Off Street"

Roof

"Asphalt"

Sewer

"Public Sewer"

Utilities

"Charleston Water Service", "Dominion Energy"

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