East Bridge Town Lofts

East Bridge Town Lofts is a 200-unit condo community in Old Mount Pleasant at the foot of the Ravenel Bridge. Built in 1986 as apartments and converted to condos in the mid-2000s, it offers the most affordable ownership in the 29464 zip code with walking-distance access to Waterfront Park, Shem Creek, and downtown Charleston across the bridge.

• Location: Old Mount Pleasant, at the Ravenel Bridge approach
• Address: 269 Alexandra Dr, Mount Pleasant, SC 29464
• Total units: 200 across 13 two-story buildings
• Unit types: 1 BR, 2 BR, and 3 BR (780–1,100 sq ft)
• Price range: ~$335K – $430K
• Year built: 1986 (converted from apartments 2004–2006)
• Construction: Attached, two-story wood-frame with asphalt roofs
• Regime fee: ~$295 – $320/month
• Flood zone: Zone X (Shaded) — 0.2% annual chance, flood insurance not required
• Parking: Surface lots, first-come first-served (no garages)
• Pool: Yes
• STR eligible: No. Long-term rentals allowed.
• FHA approved: No (expired 2012; Single-Unit Approval possible)
• VA accepted: Yes, without conditions (reviewed 2022)
• Capital contribution: 0.5% of purchase price at closing

East Bridge Town Lofts was built in 1986 as a 200-unit apartment complex across 13 two-story buildings on Alexandra Drive. The complex sat quietly through its first two decades until the mid-2000s condo conversion boom brought a new chapter.

Between 2004 and 2006, Creekstone Builders converted the apartments to individually owned condominiums, marketing units as "fully renovated." The work left behind multi-system defects: water intrusion through the building envelope, defective HVAC systems, structural problems with decks, balconies, and walkways, unsuitable windows, and holes hidden beneath exterior siding.

In December 2010, the East Bridge Lofts Property Owners Association sued Creekstone SC I, LLC and related parties. In June 2014, a South Carolina court awarded the association $22 million in actual damages and $33 million in punitive damages — $55 million total. An insurance coverage dispute with Crum & Forster followed in both Texas and federal South Carolina courts.

By 2016, the association had approved a comprehensive exterior renovation. The work began in 2018 and wrapped in 2020, covering all 13 buildings: new roofs, siding, windows, staircases, lighting, and enclosed sunrooms. The scope directly addressed the core systems implicated in the original defects.

Request the total cost and per-unit special assessment for the renovation through the resale disclosure package, along with how it was financed and whether any assessment balance remains.

The 2018–2020 renovation gave 40-year-old structures new roofs, siding, and windows. Some owners have renovated interiors with updated kitchens, bamboo floors, and modern fixtures. Others retain the original apartment-era layouts. Split-bedroom floor plans and enclosed sunrooms — often used as home offices — are common throughout the community.

South Carolina has no statutory requirement for condo associations to conduct reserve studies or maintain minimum reserve fund balances. Request the current reserve study, recent financial statements, and any pending assessment information through the resale package.

The community trades at the affordable end of Mount Pleasant's 29464 zip code. About 12 to 16 units sell per year, representing roughly 6–8% of the community.

As of early 2026, five units were listed between $387,000 and $424,900, all 2BR/2BA. The median sale price runs ~$385,000. Average price per square foot is ~$410.

Days on market average ~90, though individual units vary significantly based on condition, pricing, and whether the seller offers incentives like prepaid HOA fees.

All 200 units spread across 13 identical two-story buildings addressed from 264 to 278 Alexandra Drive, with up to 16 units per building.

The typical 2BR/2BA runs ~976 square feet with a split-bedroom floor plan — bedrooms on opposite sides of the living area. This layout works well for roommates or anyone who wants separation between sleeping and living spaces.

Many units include enclosed sunrooms that function as a bonus room or home office. Fireplaces, screened-in patios, and in-unit washer/dryer connections are common. An on-site laundry facility is also available.

Interior finishes depend entirely on owner upgrades. Updated units feature granite countertops, stainless steel appliances, and modern flooring. Unrenovated units retain the original apartment-era finishes.

At ~825 square feet, these are the smallest and least frequently listed. They attract first-time buyers and investors looking for the lowest entry point in Old Mount Pleasant.

At ~1,183 square feet, the 3BR/2BA is the largest layout. Sales are rare — only one closed in 2024 at $400,000. These command a premium for the extra bedroom in a community where most inventory is 2BR.

Monthly regime fees range from ~$295 to ~$320 depending on unit size and current assessments. The fee covers:

• Water and sewer
• Exterior building insurance (master policy)
• Exterior maintenance and landscaping
• Pool, fitness center, and common area maintenance
• Termite bond
• Trash collection

Owners pay separately for electricity, internet, and an HO6 (condo unit-owner) policy for interior finishes, personal property, and liability.

A capital contribution of 0.5% of the purchase price is collected at each closing. On a ~$385,000 sale, that is roughly $1,925. Because the fee is structured as a percentage of the sale price, lenders review it during underwriting to confirm it meets federal housing finance rules for allowable association fees. Your lender's title underwriter will confirm eligibility using the recorded amendment language.

The 2018–2020 renovation was funded through assessments and association financing. Request the specific amounts through the resale disclosure package. Some sellers advertise "HOA fees fully paid through 2026" or offer free HOA fees for a year as closing incentives.

The East Bridge Lofts Property Owners Association manages the community through a master deed, bylaws, and rules updated in 2023.

Short-term rentals (Airbnb, VRBO) are prohibited. Long-term rentals are permitted with a standard lease. Verify the current minimum lease term through the HOA before purchasing as an investment property.

Typical 2BR/2BA units rent for ~$2,400 to $2,600 per month. The few 1BR units on the market command ~$2,100 to $2,200 per month. Leases of one year or longer are standard.

Long-term rental activity is consistent across the community. The combination of an affordable purchase price and solid rental income makes East Bridge a viable investment option, though the STR prohibition limits income potential compared to communities that allow nightly rentals.

Conventional lenders screen condo projects for owner-occupancy ratios, particularly for investment property transactions where at least 50% owner-occupancy is typically required. If you are financing an investment purchase, your lender will verify the current ratio through the condo questionnaire.

East Bridge Town Lofts sits in FEMA Zone X (Shaded), the 0.2% annual chance floodplain (sometimes called the 500-year floodplain). This is outside the Special Flood Hazard Area, so flood insurance is not required for federally backed mortgages.

Zone X (Shaded) indicates moderate flood risk but not the elevated risk associated with AE or VE zones. No Base Flood Elevation is determined for this zone. NFIP Preferred Risk Policies — reduced-rate flood policies available to properties outside the high-risk zone — are an option for owners who want coverage. Private flood carriers also write Zone X policies, typically at lower premiums than properties in the Special Flood Hazard Area.

The monthly regime fee includes exterior building insurance through the association's master policy. Individual owners should carry an HO6 (condo unit-owner) policy for interior finishes, personal property, and liability. Verify the master policy's coverage scope and deductible structure through the resale package.

Wind and hail coverage in coastal South Carolina carries significant out-of-pocket exposure. Named-storm deductibles typically range from 1% to 10% of insured value. Confirm how wind coverage is structured in the association's master policy — whether it is included or requires a separate policy — before closing.

Review the current FIRM panel for your specific parcel to confirm the flood zone designation.

For a community in the mid-$300K price range, East Bridge offers a strong amenity package:

• Pool and hot tub: Community pool with adjacent hot tub
• Fitness center: On-site gym
• Clubhouse: Available for residents
• Tennis courts: On-site
• Pickleball courts: Added during the post-renovation era
• Dog park: Fenced, with waste stations throughout the community
• Bike storage: Available on the property
• Walking trails: On-site paths plus immediate access to the Ravenel Bridge pedestrian/bike path and Waterfront Park trails

Surface lots with no garages. Parking is first-come, first-served with a pass system: 1BR units get 2 passes, 2BR units get 3 passes, and 3BR units get 4 passes. Guest parking requires a digital pass requested at least 2 days in advance, valid for up to 3 days. Lots are patrolled daily from 4:00 PM to 10:00 AM, and vehicles without visible passes are subject to towing.

Parking is tight, especially in the evenings. Drive through the property after 9 PM to see conditions for yourself.

Dogs and cats are allowed. The POA maintains a breed restriction list that includes Pit Bulls, Rottweilers, Doberman Pinschers, Chow Chows, Akitas, Alaskan Malamutes, American Bulldogs, Great Danes, Staffordshire Terriers, Siberian Huskies, Wolf Hybrids, and trained attack or guard dogs. There is no weight limit at the POA level — weight restrictions on rental listings are individual landlord policies. Pets must be leashed in common areas and are prohibited in the pool area, gym, and clubhouse.

East Bridge Town Lofts occupies a uniquely convenient position in Mount Pleasant. The community sits at the foot of the Arthur Ravenel Jr. Bridge, which means downtown Charleston is one traffic light away via US-17.

• Mt. Pleasant Memorial Waterfront Park: A short walk, with the Ravenel Bridge pedestrian and bike path starting nearby
• Patriots Point: Naval and maritime museum adjacent to the waterfront area
• Whole Foods and Trader Joe's: Both within the immediate retail corridor along US-17
• Shem Creek: Roughly a mile, walkable depending on your comfort level
• Restaurants and shops: The Old Village commercial strip and the Wando Crossing retail area are both close

• Downtown Charleston: ~5–10 minutes across the Ravenel Bridge
• MUSC Medical District: ~10 minutes — a major draw for healthcare workers
• Charleston International Airport: ~25–30 minutes via I-526
• Isle of Palms beaches: ~15–20 minutes via the IOP Connector
• Park West / deeper Mount Pleasant: 15–20 minutes north on US-17

The Arthur Ravenel Jr. Bridge carries ~96,000 vehicles per day on eight lanes. The bridge approach is adjacent to East Bridge Town Lofts. The pedestrian and bike path is a genuine amenity — it connects directly to Waterfront Park and offers one of the best running and cycling routes in Charleston.

But proximity to a major highway approach means traffic noise varies by building and unit position across the 13-building layout. The 2018–2020 renovation significantly improved the building envelope — new windows and siding — compared to pre-renovation conditions. Units facing interior courtyards or wooded areas experience different noise levels than those oriented toward the road. Visit during rush hour to assess the specific unit you are considering.

First-time buyers seeking the cheapest entry into Old Mount Pleasant (29464). At ~$385K median, East Bridge undercuts most Mount Pleasant condos while sitting in a location that costs multiples more for single-family homes.

Downtown Charleston commuters, especially healthcare workers at MUSC. The one-light bridge commute is hard to beat from any other Mount Pleasant address.

Long-term rental investors drawn to a ~$385K purchase price and ~$2,400–$2,600/month rental income on 2BR units. The STR prohibition filters out speculative short-term investors, keeping the community oriented toward residents and stable tenants.

• You want the shortest commute from Mount Pleasant to downtown Charleston and MUSC
• You prioritize walkability to Waterfront Park, Shem Creek, and grocery shopping over interior finishes
• You are buying for long-term rental income and value the predictability of an LTR-only community

• You want new construction or high-end finishes without renovation
• Parking availability after hours is a deal-breaker — the surface lots fill up
• You need short-term rental income — Airbnb and VRBO are prohibited
• Thin walls and shared-building noise are concerns — these are 1986 apartment conversions, not luxury condos

The 2018–2020 renovation addressed the structural and exterior deficiencies that plagued the community since conversion. New roofs, siding, windows, stairs, and sunrooms across all 13 buildings gave the exteriors a fresh start. The $55 million construction-defects judgment against the original conversion developer underscores how serious those problems were.

What the renovation did not change is the fundamental product: 1986-era apartment construction with compact floor plans, shared walls, and surface parking. You will hear your neighbors through the walls. These are honest tradeoffs for the price point and location.

All four communities prohibit short-term rentals, allow long-term rentals, and accept VA financing. None currently hold active FHA project approval. East Bridge's competitive edge is location: no other condo in this price range puts you within walking distance of Waterfront Park and one traffic light from downtown Charleston.

What are the HOA fees at East Bridge Town Lofts?

Monthly regime fees run ~$295 to ~$320 depending on unit size. The fee covers water and sewer, exterior insurance, exterior maintenance, amenities, landscaping, common areas, and termite bond. Owners pay electricity, internet, and interior insurance separately. A capital contribution of 0.5% of the purchase price is also collected at closing.

Can you rent East Bridge Town Lofts on Airbnb?

No. Short-term rentals are prohibited. Long-term rentals with a standard lease are allowed. Verify the current minimum lease term with the HOA before purchasing as an investment.

What flood zone is East Bridge Town Lofts in?

East Bridge Town Lofts is in FEMA Zone X (Shaded), the 0.2% annual chance floodplain. Flood insurance is not required for federally backed mortgages but is recommended. NFIP Preferred Risk Policies are available at reduced rates.

What is the average price per square foot at East Bridge Town Lofts?

As of early 2026, the average price per square foot is ~$410. Typical 2BR units trade in the ~$335K–$430K range depending on condition and upgrades.

Is East Bridge Town Lofts FHA or VA approved?

FHA project approval expired in 2012. FHA Single-Unit Approval may still be possible through a participating lender, subject to a 10% concentration limit (roughly 20 FHA-insured units in a 200-unit project). VA financing is accepted without conditions as of a November 2022 review.

What is East Bridge Town Lofts like to live in?

Post-renovation, the community offers solid amenities (pool, hot tub, fitness center, tennis, pickleball, dog park) and unbeatable Old Mount Pleasant access. The tradeoffs are thin walls typical of 1986 apartment construction, competitive evening parking, and proximity to the Ravenel Bridge approach. Visit the specific unit during rush hour to evaluate noise.