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Folly Beach Weekly Real Estate News: State no longer owns right of way on Peas Island

Folly Beach Weekly Real Estate News: State no longer owns right of way on Peas Island

A developer's hope of building a bridge from Peas Island to Long Island appears dashed following a SC Supreme Court ruling that says that state no longer owns a right of way on Peas Island. This resolution is one of the biggest court decisions in Folly Beach Real Estate history.

K & A acquisition group purchased the island in 2005 for 7.5 million and hoped to develop homes on the property consisting of 140 acres of high land stretching over 2.5 miles between James Island, Peas, Morris and Folly Islands. The ruling may mean that if you want to get to Long island it will have to be by boat or plane.

For more ways to be fully prepared for your loan modification, read this article from the Post and Courier.

For More information on James Island Real Estate or Long-Term Rentals contact Jay Tracey Broker/Owner of Exit Realty The Tracey Group.

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Posted Monday Aug 31