Record-Breaking Home at Lake Keowee Goes Under Contract

News Summary

A stunning home valued at $11.5 million has found a buyer in less than a week at Lake Keowee, highlighting the booming luxury real estate market in the area. Designed by MHK Architecture and constructed in 2023, this 7-bedroom house offers 7,471 square feet of modern living space. The sale reflects a significant surge in high-end property values around Lake Keowee and Greenville, with the potential to set a new record for residential sales in the Upstate.

Exciting News from Lake Keowee: Record-Breaking Home Goes Under Contract!

If you’re searching for some juicy real estate gossip, look no further than the beautiful Lake Keowee! In a stunning display of demand for luxury properties, a jaw-dropping home listed at $11.5 million has found a buyer in less than a week! Yes, you read that right—less than a week! This incredible property, located at 473 Peninsula Ridge, was snapped up almost as quickly as it hit the market, showcasing just how hot the lakefront real estate scene is right now.

What Makes This Home So Special?

Let’s talk about what makes this lakeside residence so desirable. Designed by the renowned MHK Architecture and built by The Stillwater Group, this masterpiece was completed just in 2023, meaning everything feels fresh and modern. The house boasts an impressive 7 bedrooms and a sprawling 7,471 square feet of living space, giving plenty of room for both relaxation and entertainment. Nestled on a .76-acre point lot, this home features nearly 300 feet of shoreline, perfect for those sunny days by the water.

Luxury Living Awaits

Step inside, and you will be amazed by the spectacular interiors. Floor-to-ceiling windows flood the space with natural light, while a 30-foot-high cut stone fireplace adds a touch of grandeur to the atmosphere. The gorgeous white oak tongue-and-groove wood ceiling adds warmth and elegance, making you feel right at home.

The main level is a dream come true for anyone who loves entertaining. There’s a dedicated wine bar to showcase those fancy bottles, and the primary wing is equipped with custom closets and even an office area for those who occasionally work from home. Let’s not forget the easy access to a three-car garage—perfect for any car enthusiast!

Outdoor Oasis

Outdoor lovers will fall head over heels for this property! It comes complete with a covered slip dock featuring a boat lift, ready for all your aquatic adventures. A pool with an integrated spa is the cherry on top, along with a delightful patio and a poolside bar to cool off with friends and family during those hot summer days.

What’s Driving This Market Surge?

The rapid sale of this luxurious home isn’t just an isolated incident. The Lake Keowee market has been experiencing a noticeable surge in high-end property prices. Recently, homes have sold for impressive figures like $9.396 million and $8 million, signaling strong interest in this area. If this newly contracted home sells close to its listing price, it will set the record for the biggest residential sale in the Upstate, surpassing the previous record of $10 million at 132 Mountain Shore Trail. Talk about making waves!

Broader Trends in the Real Estate Market

10.9% increase in January alone. Inventory has also climbed by 32.4% for the 13th consecutive month, giving buyers more options to choose from.

However, it’s not all roses in the housing market. The median home price in Greenville took a slight dip of 2.1%, now standing at $305,000. On a national scale, existing-home sales saw a positive trend, increasing by 2.2% over three consecutive months. But let’s not get too carried away; total housing starts plunged significantly in January, emphasizing the shifts and challenges faced by the construction industry.

Community Growth

The Meadow. This new addition aims to emphasize community space for residents, reminding everyone that real estate is about more than just four walls.

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Additional Resources

• Post and Courier: Lake Keowee Home Sales
• Wikipedia: Lake Keowee
• Forbes: Lakeside Living in South Carolina
• Google Search: Lakeside Living South Carolina
• Greenville Online: Lake Keowee Home Sale
• Google News: Lake Keowee Real Estate