The last week we rented a house on Folly in Charleston and it was great. I'd never spent much time on the island, even when I lived in Mount Pleasant for a year, but its a great place to spend a week. The beaches down on our end were chill and the 2 mile ride into a nice town area was every easy, particularly on the golf cart my brother rented.
Anyways we started talking and were curious about if we could, as a family, ever afford a place on the island. I went to Zillow and everything (including run down shacks) were a 1M+, except for studio apartments which ranged from $50-75K. That seemed strange, so I then looked closer and realized that they were actually boat skiffs, which were being sold using the lowest classification available on Zillow, studio apartments.
So you have pay $75K for the right to park your boat on Folly.
Sadly we will not be buying a house there, ever.