Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Pawleys Island Homesite Opportunity Title is generated by Realmo AI

    Lot 1-A Brace Dr., Pawleys Island, SC 29585

    View on Map
    Claim this Listing
    For Sale
    $540,000

    Acreage - Pawleys Island, SC

    Lot size:
    1.61 Acres
    Added:
    Feb 9, 2026
    Days on Market:
    94
    Last Refresh:
    May 14 at 4:06 am

    Property Features for Lot 1-A Brace Dr.

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    FA
    Standard status
    Active
    Lot size
    1.61 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jennifer Hamilton

    Listing agent Jennifer Hamilton

    Listing office BHHS Coastal Real Estate 1232 B Farrow Pkwy, Myrtle Beach, SC

    Listing date Feb 9, 2026

    MLS# 2603403 Listing URL

    Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 1.61‑acre homesite in Pawleys Island.
    • No HOA and no required timeline to build.
    • Located 1.5 miles from Hagley Landing and the Intracoastal Waterway.
    • Rare opportunity due to scarcity of large, private lots.
    • Close proximity to golf courses, shops, and restaurants.
    • 70 miles from Charleston, offering access to city amenities.

    Overview

    This 1.61-acre homesite, located in Pawleys Island, South Carolina, presents a rare opportunity to build a custom home. The property is situated beneath a canopy of mature trees. There is no HOA and no required timeline to build, offering flexibility for future plans. Located 1.5 miles from Hagley Landing, the property provides convenient access to the Intracoastal Waterway for boating and fishing. Pawleys Island offers a relaxed atmosphere, local shops and restaurants, and proximity to golf courses like Caledonia, Heritage Plantation, and Willbrook. The homesite is 70 miles from Charleston.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pawleys Island
    County
    Georgetown
    State
    South Carolina
    Longitude
    -79.158881
    Latitude
    33.435319

    Nearby Similar for Sale

    • $3,999,900

      Prime Commercial Lot in Pawleys Island

      Highly visible 2.9-acre commercial lot on Pawleys Island's Highway 17.
      10670 Ocean Hwy., Pawleys Island, SC 29585
      View Details
    • $374,900

      Residential Lot in Golf Community

      Residential lot in gated golf community with private beach access.
      602 Chapman Loop, Pawleys Island, SC 29585
      View Details
    • $799,000

      3.16 Acre Homesite in Prince George

      Rare homesite in gated oceanfront community with many amenities.
      2630 Vanderbilt Blvd., Pawleys Island, SC 29585
      View Details
    • $450,000

      Pawleys Island Commercial Lot Opportunity

      1.13-acre commercial lot in the heart of Pawleys Island.
      2364 Petigru Dr., Pawleys Island, SC 29585
      View Details
    • $300,000

      Golf Course Homesite Opportunity

      Premier golf course lot in Pawleys Plantation.
      Lot 17 Golden Bear Dr., Pawleys Island, SC 29585
      View Details
    • $525,000

      Residential Lot in Island Estates

      1.83 acre residential lot in The Reserve at Litchfield.
      116 Sandy Ridge Loop, Pawleys Island, SC 29585
      View Details
    • $3,700,000

      Pawleys Island Commercial Development Opportunity

      Highway Commercial land near Huntington Beach State Park.
      Ocean Hwy., Pawleys Island, SC 29585
      View Details
    • $1,450,000

      Elegant Duplex in Gated Community

      Luxurious duplex in Litchfield Plantation, near beaches and golf.
      371 Tuckers Rd., Pawleys Island, SC 29585
      View Details
    • $387,000

      Pawleys Island Homesite with Coastal Views

      Prime homesite with marsh, creek, and distant ocean views.
      134 Enclave Pl., Pawleys Island, SC 29585
      View Details
    • $510,000

      Residential Lot in North Litchfield

      Residential lot in a desirable coastal community near beaches.
      352 Lakeshore Dr., Pawleys Island, SC 29585
      View Details
    • $299,000
      8,058 SF

      Established Restaurant on High-Traffic Corridor

      Long-standing restaurant with strong revenue in desirable coastal market.
      14361 Ocean Highway, Pawleys Island, SC 29585
      View Details
    • $127,500
      643 SF

      Updated Office Condo in Pawleys

      643 SF office condo with tenant, income potential.
      14323 Ocean Hwy., Pawleys Island, SC 29585
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.61-acre homesite near Intracoastal Waterway with no HOA.
    Where is this residential land & home lot located?
    The property is located at Lot 1-A Brace Dr. Pawleys Island, SC.
    What is the asking price?
    The asking price for this property is $540,000.
    What are key features of this property?
    This property features: Large 1.61‑acre homesite in Pawleys Island.; No HOA and no required timeline to build.; Located 1.5 miles from Hagley Landing and the Intracoastal Waterway.
    (843) 458-6734
    We can help!
    Listing Contact
    Jennifer Hamilton
    Real Estate License ID: 125125
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Lot 1-A Brace Dr., Pawleys Island, SC 29585
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!