Plantations that rarely changed hands now see market glut in South Carolina

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A circular driveway leads to the main house at Silver Hill Plantation in Georgetown, South Carolina, February 17, 2012. The house was restored in 1999 by the current owners of the property. Silver Hill is listed for sale with Friendfield Plantation that includes 3264 acres of land along the marsh outside of in Georgetown, S.C. In the South Carolina Lowcountry, more than a half-dozen antebellum plantations, which don't change hands often, are for sale. Picture taken February 17, 2012. REUTERS/Randall Hill (UNITED STATES - Tags: REAL ESTATE BUSINESS SOCIETY TRAVEL)
A circular driveway leads to the main house at Silver Hill Plantation in Georgetown, South Carolina, February 17, 2012. The house was restored in 1999 by the current owners of the property. Silver Hill is listed for sale with Friendfield Plantation that includes 3264 acres of land along the marsh outside of in Georgetown, S.C. In the South Carolina Lowcountry, more than a half-dozen antebellum plantations, which don't change hands often, are for sale. Picture taken February 17, 2012. REUTERS/Randall Hill (UNITED STATES - Tags: REAL ESTATE BUSINESS SOCIETY TRAVEL)RANDALL HILL / Reuters

Asking prices range from just over $3 million to $20 million for plantations of 350 acres to as many as 7,000 acres. Costly maintenance ups the financial pressure for any potential owner.

A plantation "is not for everybody," Charleston real estate broker Helen Geer said. "These places are very, very expensive to take care of, and people are cash-strapped right now."

At least eight plantations currently are for sale. They can be found at the end of gated, long dirt roads overhung by grand, centuries-old live oaks draped in Spanish moss.

-- Reported by Reuters

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The view from a porch overlooks the former rice fields at the main house at Silver Hill Plantation, in Georgetown, South Carolina, February 17, 2012. The house that was restored in 1999 by the current owners of the property. Silver Hill is listed for sale with Friendfield Plantation that includes 3264 acres of land along the marsh outside in Georgetown, S.C. In the South Carolina Lowcountry, more than a half-dozen antebellum plantations, which don't change hands often, are for sale. Picture taken February 17, 2012. REUTERS/Randall Hill (UNITED STATES - Tags: REAL ESTATE BUSINESS SOCIETY TRAVEL)
The view from a porch overlooks the former rice fields at the main house at Silver Hill Plantation, in Georgetown, South Carolina, February 17, 2012. The house that was restored in 1999 by the current owners of the property. Silver Hill is listed for sale with Friendfield Plantation that includes 3264 acres of land along the marsh outside in Georgetown, S.C. In the South Carolina Lowcountry, more than a half-dozen antebellum plantations, which don't change hands often, are for sale. Picture taken February 17, 2012. REUTERS/Randall Hill (UNITED STATES - Tags: REAL ESTATE BUSINESS SOCIETY TRAVEL)RANDALL HILL / Reuters

Realtor Chip Hall of Plantation Services, Inc. and Friendfield Plantation grounds manager Ed Carter walk to the main house at Friendfield Plantation in Georgetown, South Carolina, February 17, 2012. The main plantation house at Friendfield was built in 1790 but burned in the 1920s. This house was built in 1930 on the foundation of the original plantation house. In the South Carolina Lowcountry, more than a half-dozen antebellum plantations, which don't change hands often, are for sale. Picture taken February 17, 2012. REUTERS/Randall Hill (UNITED STATES - Tags: REAL ESTATE BUSINESS SOCIETY TRAVEL)
Realtor Chip Hall of Plantation Services, Inc. and Friendfield Plantation grounds manager Ed Carter walk to the main house at Friendfield Plantation in Georgetown, South Carolina, February 17, 2012. The main plantation house at Friendfield was built in 1790 but burned in the 1920s. This house was built in 1930 on the foundation of the original plantation house. In the South Carolina Lowcountry, more than a half-dozen antebellum plantations, which don't change hands often, are for sale. Picture taken February 17, 2012. REUTERS/Randall Hill (UNITED STATES - Tags: REAL ESTATE BUSINESS SOCIETY TRAVEL)RANDALL HILL / Reuters

Layers of wall coverings peel from the walls of the slave quarters at Friendfield Plantation, in Georgetown, South Carolina, February 17, 2012. The buildings used up to the 1970s and were homes of the plantation workers and sharechoppers. In the South Carolina Lowcountry, more than a half-dozen antebellum plantations, which don't change hands often, are for sale. Picture taken February 17, 2012. REUTERS/Randall Hill (UNITED STATES - Tags: REAL ESTATE BUSINESS SOCIETY TRAVEL)
Layers of wall coverings peel from the walls of the slave quarters at Friendfield Plantation, in Georgetown, South Carolina, February 17, 2012. The buildings used up to the 1970s and were homes of the plantation workers and sharechoppers. In the South Carolina Lowcountry, more than a half-dozen antebellum plantations, which don't change hands often, are for sale. Picture taken February 17, 2012. REUTERS/Randall Hill (UNITED STATES - Tags: REAL ESTATE BUSINESS SOCIETY TRAVEL)RANDALL HILL / Reuters

Medway Plantation property manager Bob Hortman and his dog Cooper, stand by the main plantation house in Goose Creek, South Carolina, February 17, 2012. Hortman has lived and worked on the property for 34 years and oversees the day-to-day operations and maintenance of the plantation. Medway Plantation has 6728 total acres of land with 50 miles of maintained roads. The main building was built in 1686 and is the oldest brick structure in South Carolina. In the South Carolina Lowcountry, more than a half-dozen antebellum plantations, which don't change hands often, are for sale. Picture taken February 17, 2012. REUTERS/Randall Hill (UNITED STATES - Tags: REAL ESTATE BUSINESS SOCIETY TRAVEL)
Medway Plantation property manager Bob Hortman and his dog Cooper, stand by the main plantation house in Goose Creek, South Carolina, February 17, 2012. Hortman has lived and worked on the property for 34 years and oversees the day-to-day operations and maintenance of the plantation. Medway Plantation has 6728 total acres of land with 50 miles of maintained roads. The main building was built in 1686 and is the oldest brick structure in South Carolina. In the South Carolina Lowcountry, more than a half-dozen antebellum plantations, which don't change hands often, are for sale. Picture taken February 17, 2012. REUTERS/Randall Hill (UNITED STATES - Tags: REAL ESTATE BUSINESS SOCIETY TRAVEL)RANDALL HILL / Reuters
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