Historic Medway Plantation in South Carolina Sells for US$11 Million
William Means Real Estate Represented the Buyer and Seller with Global Marketing Services Provided by Christie’s International Real Estate
April 22, 2012
Christie’s International Real Estate is pleased to announce the sale of the historic Medway Plantation, located outside of Charleston and listed on the National Register of Historic Places. The new owner, Tradeland Investors, will be only the third in the history of the plantation which dates back to 1686.
New York, New York—Christie’s International Real Estate is pleased to announce the sale of the historic Medway Plantation, located outside of Charleston and listed on the National Register of Historic Places. The new owner, Tradeland Investors, will be only the third in the history of the plantation which dates back to 1686.
“This is wonderful news in that the new owner intends to restore this gem of the Southern plantations to its former brilliance by turning it back into a world class quail hunting destination,” says Helen Geer, President of William Means Real Estate.
“This sale underscores what we are seeing increasingly in the luxury sector of the real estate market globally,” says Rick Moeser, Senior Vice President for Christie’s International Real Estate. “Both domestic and international buyers are appreciating the value of prime real estate as safe havens for wealth. Value propositions are historic in that prices will rarely be as competitive as they are now.”
Medway Plantation is rich in history. One of the original owners married Landgrave Thomas Smith around 1687. Smith was appointed governor of the Province of Carolina in 1693, died a year later, and is buried at Medway. In 1929, newlyweds, Gertrude and Sidney Legendre took a trip to South Carolina, and while horseback riding, came upon a neglected Medway, which they purchased for $100,000. Gertrude is best known for her experiences as a big game hunter and the first American woman captured during World War II escaping after six months of captivity. She died in 2000 after putting in place strict conservation easements to protect her beloved plantation.
Her daughter, Bokara, inherited the plantation and ran it with the same dedication to conservation and commitment to the land and its history as her mother.
The house was completely rebuilt in 1704, had substantial additions made in 1855, and was completely renovated in 1929. Surrounded by approximately 6,728 lush acres that are protected by easements for traditional land uses, this magnificent home includes an impressive array of superior amenities. The main house features a living room graced with 10-foot ceilings, heart-pine flooring, and wainscoting. The dining room offers cypress-paneled walls, and the commercial-grade kitchen includes a pantry. The inviting master suite boasts a fireplace, and the five additional bedrooms, five full and one half baths are comfortable and convenient. Other highlights include four guest houses, three staff houses, indoor and outdoor pools, a boat landing, a lakefront lodge, a 12-stall horse stable, a greenhouse, a double avenue of oaks, and traditional formal gardens. Located on the Back River near Charleston, the property also features 13 lakes and impoundments for recreational fishing and hunting.