The most expensive home for sale in Charleston, South Carolina – listed by President-elect Donald Trump’s pick to lead the Department of Treasury – has gone under contract.
Known as the John Ravenel House, the striking pink stucco mansion was under contract after about a month and a half on the market, according to a Friday morning update on Homes.com. It was listed for $22.25 million, but the final sale price won’t be public record until after the deal closes.
If it sells for its listing price, it would be the most expensive home sale in Charleston this year, and among the most expensive sales recorded for the area.
The property is currently owned by hedge fund manager Scott Bessent and John Freeman, according to the Preservation Society of Charleston. Bessent was selected to lead the Treasury Department in the incoming Trump administration.
Public records on Homes.com showed the property was last sold in 2016 for $6.5 million.
Opulent estate
Perched across the street from the waterfront, the house built in 1848 is a mainstay of the coastal city of Charleston, according to listing agents Robertson Allen and Scotty Brisson of The Cassina Group.
Neither Allen nor Brisson immediately responded to a request to comment.
The 9,407-square-foot house was rebuilt after an earthquake in 1886, and it recently underwent an award-winning multi-year renovation and restoration, the agents said in a listing on Homes.com. There’s also a three-bedroom carriage house on the property.
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Allen and Brisson described the property as “one of the grandest homes in the city” and pointed out its “instantly recognizable façade.”
And the interior of the mansion is as opulent as the exterior.
“The foyer features an intricate custom patterned floor designed by local artist and decorative painter Karl Beckwith Smith, who also hand-painted wallpaper in the second-floor powder room and crafted exquisite, gilded valence holders in the parlor,” the listing agents wrote in their description of the property.
There’s also a rooftop deck offering panoramic views of the Charleston Harbor, and a sunroom that was inspired by the famous Villa D’Este in Lake Como, Italy.