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24666113
24666116

71 Wentworth St, Charleston, SC 29401

CBRE - Charleston
CBRE
Listed by CBRE - Charleston, CBRE
$14,950,000
375 days on market
Updated 92 days ago

71 Wentworth

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio, Apartment Building (+3)
Square Footage 9,749
Units 5
NOI $759,917
Price per SqFt $1,636
Class A
Year Built 1872
Year Renovated 2022
Buildings 1
Stories 2
Parking Spaces 1 per unit
Investment Type Net Lease

Rare Opportunity to Own a STR-Licensed, Five-Unit Portfolio in the Heart of Historic Charleston

Marketing description

CBRE is proud to present an exclusive investment opportunity: the first public offering of a bundled portfolio of five premier residences within the iconic 71 Wentworth building in Charleston, SC. Priced at $15,950,000 with $856,000 in FF&E included in the price.

This rare acquisition grants the buyer the largest ownership share within the twelve-unit landmark property, strategically positioned on the highly desirable corner of Wentworth and King Street. These units represent one of the most compelling investment opportunities currently available in Charleston’s luxury residential market.

Originally constructed as a grand Masonic Lodge, 71 Wentworth was designed in the Tudor Gothic Revival style by acclaimed 19th-century Charleston architect John Henry Devereux. The building displays remarkable historic details including richly molded, arched windows reaching up to 18 feet in height and awe-inspiring cathedral ceilings soaring between 20 and 40 feet. The second-floor Grand Lodge Room, a magnificent space measuring 60 by 70 feet, once hosted gatherings of over 1,000 people.

This offering is a turnkey investment package tailored for qualified investors. Each residence has been meticulously furnished by renowned designer Cortney Bishop, blending historic charm with modern luxury for a truly unmatched aesthetic.

All five units are currently managed by Inspirato, providing a seamless, fully managed ownership experience with no direct oversight required. This structure, established by the original investor group, ensures a smooth transition and continued operational excellence. This arrangement provides the new owner with annual rent of $759, 917.

Further details will be made available upon receipt of a signed NDA

71 Wentworth is a masterfully restored 1872 landmark in the heart of Charleston, now home to 12 exclusive luxury residences. Overlooking iconic King Street, this architectural gem blends historic grandeur with modern elegance—featuring soaring ceilings, exposed brick, and artisan-crafted finishes. The transformation was led by East West Partners, a nationally recognized developer with over $7 billion in real estate success. Known for tackling complex, high-profile projects, East West brought unmatched expertise and passion to this revitalization, making 71 Wentworth a rare opportunity to own a piece of Charleston’s living history.

CBRE is offering a bulk sale of five luxury condominium units in the renovated historic Masonic Lodge at 71 Wentworth St (270 King St), Each unit comes with one reserved, leased parking space in the adjoining parking garage. The units are 100% NNN leased to Inspirato. Inc., a publicly-traded luxury home club. The combined annual revenue for the five units is $759,917. The 10-year leases expire in 2034 with landlord's right to terminate beginning in July 2029. The five units are priced $15,950,000 with $856,000 of FF&E included in the price. Please see our OM in Documents for a full description.

Listing Contacts

CBRE - Charleston
CBRE
Listed by CBRE - Charleston, CBRE

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$759,917.00
$63,326.42/mo

Valuation Metrics

0
DSCR
5.08%
Cap Rate
5.08%
ROI

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