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Mount Pleasant Tripling Impact Fees

Posted By: Christine Pettigrew In: New Construction
Date: Thu, Apr 6th 2017 12:05 pm

The town of Mount Pleasant has grown immensely the past few years, since it has so much to offer.  With its proximity to downtown Charleston, the close beaches at Isle of Palms and Sullivan’s Island, along with great retail shopping, it has become a popular place for families to settle here.  Unfortunately, the infrastructure has not been able to keep up with the growth, so the town has been looking at ways to slow things down.

In an effort to curb the fast growth, this week the town of Mount Pleasant approved a large increase in the new construction impact fees.  They will start increasing them July 1, 2017, with a second increase January 1, 2018, and a third increase July 1, 2018.  Here is the estimated fee schedule:

Single Family Homes - current fee is $1,860; July 2017 will be $3,850; January 2018 will be $5,005; July 2018 will be $6,161

Restaurant w/7,500sq ft  - current fee is $57,716; July 2017 will be $127,808; January 2018 will be $166,082; July 2018 will be $204,432

Shopping Center w/100,000sq ft - current fee is $328,000; July 2017 will be $706,101; January 2018 will be $918,431; July 2018 will be $1.13 million

For single family homes, these fees are generally paid by the builder and included in the price of a new home.  This will definitely have an impact(no pun intended) on the price of new construction homes in Mount Pleasant.  If you have been thinking about a new construction purchase, please call or text me at 843-276-7976 so we can save you a few thousand dollars before the impact fees are raised.  

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Christine Pettigrew