In the market for a new home? Think pink.

A famous pastel-hued historic house on Charleston’s East Battery is on the market for $22.5 million — a potential Lowcountry record for a residential property.

The three-story stucco mansion at 5 E. Battery was built around 1848 and originally belonged to John Ravenel, the father of Charleston’s artesian well system and president of the South Carolina Railroad. The property hit the market Oct. 28 under current owner Scott Bessent , who purchased it for $6.5 million in 2016 through Maison Cinq LLC.

Bessent, who did not respond to requests for comment, is a South Carolina-born hedge fund manager and philanthropist who of late has become one of Donald Trump’s most trusted economic advisers. The Charleston resident is founder of Greenwich-Conn.-based Key Square Capital Management, which has offices in Charleston and London.

He spent three years renovating the seven-bedroom, eight-bath home before moving in with his family in 2019.

The house at 5 East Battery has four bars and a second-floor sitting room that spans the width of the structure.

“We have had numerous showings within the first few days, from all over the country who want to see this house,” said co-listing agent Robertson Allen, owner and broker-in-charge with The Cassina Group. “They understand what a rare find this is. Renovated houses of this quality do not come up this often."

Nearly two centuries ago in 1838, John Ravenel purchased the once marsh-side property and it remained with his descendants until 1953.

The John Ravenel House suffered heavy damage during the earthquake of 1886 and was rebuilt by then-owner Elias Horry Frost, Ravenel’s son-in-law and the president of one of the city’s leading cotton brokerages.

“The house went through so many iterations of everything from apartments to a bed-and-breakfast , so what my clients had to do was really lean on expertise to take a step back in history ,” Allen said. “It’s a jaw-dropping property.”

The latest renovation includes a custom-patterned foyer floor designed by local artist and decorative painter Karl Beckwith Smith . Smith also hand-painted wallpaper in the second-floor powder room and crafted gilded valence holders in the parlor.

The house at 5 East Battery sits on a double lot — a rare find in Charleston's South of Broad neighborhood.

The interior includes an elevator and preserved details such as original mantels, hardwood floors, restored moldings and door surrounds.

Along with four bars, the house has a first-floor cinema and kitchen with a soapstone center island, as well as a library, living room and a formal dining room on the second floor.

The primary suite on the third floor features multiple closets, custom dual marble vanities, a fireplace, shower, a cast iron tub and a private piazza overlooking Charleston Harbor.

The property also includes a detached three-bedroom carriage house and a mother-in-law wing in the main house.

The house is on a 0.41-acre double lot, which Allen noted is rare downtown, and has an unobstructed view of the harbor. Behind a private wall is a two-car garage, pool, spa and formal garden designed by Perry Guillot, who previously tended the Rose Garden at the White House.

With the Bessent’s children studying abroad in Europe, Allen said they’re spending more time traveling.

The pool, spa and formal garden at 5 East Battery was designed by the same person who revamped the Rose Garden at The White House.

“They feel like they’ve done an amazing job with the house and would love to see someone who would be a good steward, who would take over what they have going on here and enjoy it as much as they have,” Allen said.

The current record for a home sale in the Charleston region belongs to the Vanderhorst Mansion on Kiawah Island , which fetched $20.5 million in 2021. The most expensive sale on the peninsula was the $13.5 million sale of 10 Legare St. in 2021.