Middleburg Plantation Changes Hands

What is rice plantation worth these days? It’s not so easy a question to answer given all the variables in play. How many acres? Is there an existing house or other structures? What types of easements might exist? Is it convenient to airports, highways, etc.?

Middleburg Plantation in Berkeley  County, SC just sold and it gives a pretty good hint at current pricing. The acreage is not large – 326  – yet the property fetched $3,500,000. It is fairly convenient to Charleston (airports, Interstate, city upsides), but it is a pretty rare plantation in that its original house from 1697.

For the record the new owner made his money by founding the Moe’s Southwest Grill chain and the Planet Smoothie chain.

 

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