Watercrest is a superbly located mixed-residential development opportunity located in Beaufort, South Carolina. Beaufort presents an exceptional coastal environment that appeals to both residents and visitors through its historical significance, scenic coastal vistas, and strategic positioning between Charleston, SC and Savannah, GA. Watercrest is situated approximately 15 minutes from Beaufort's historic district, offering convenient access to premier local attractions including Henry C Chambers Waterfront Park, The Point, The Spanish Moss Trail, and numerous dining and retail establishments. The current ownership has secured comprehensive entitlements, with both Phase I and Phase II fully approved and civil design completed. Phase I, comprising 258 multifamily units, has obtained all necessary permits, enabling immediate construction commencement following transaction closure. The combination of favorable demographics, retail proximity, and construction ready status presents a compelling investment opportunity for prospective developers.