Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Lot 112 Stewart Landing Drive Prosperity, SC 29127

    View on Map
    Claim this Listing
    For Sale
    $77,900

    Residential - Prosperity, SC

    Lot size:
    0.24 Acres
    Added:
    Jan 1, 2026
    Days on Market:
    125
    Last Refresh:
    May 6 at 3:06 pm

    Property Features for Lot 112 Stewart Landing Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    594-22-112
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Expense value
    2200
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Murphy

    Listing agent Michael Murphy

    Listing office Lake Homes Realty LLC 138 Waters Edge Drive NE, Pelham, SC

    Listing date Jan 1, 2026

    MLS# 624017 Listing URL

    Copyright © 2026 Consolidated MLS, SC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Cleared, graded, and ready‑to‑build lot saves buyer time and money
    • Located in Stewart Landing, a luxury lakefront community
    • Proximity to neighborhood playground and dog park
    • Access to boat ramp and day dock
    • Amenities include a lakeside amphitheater and restored clubhouse
    • Features a smart gym and miles of walking trails

    Overview

    Cleared Lot in Lakefront Community

    This 0.24-acre lot, identified as Lot 112, is situated within the Stewart Landing community and is cleared, graded, and ready for construction. The property is located near the neighborhood playground and dog park. Stewart Landing is a lakefront community featuring a boat ramp, day dock, lakeside amphitheater, a fully restored 180-year-old clubhouse, a smart gym, green spaces, a playground, a dog park, and walking trails.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Prosperity
    County
    Newberry
    State
    South Carolina
    Longitude
    -81.5344
    Latitude
    34.1808

    Nearby Similar for Sale

    • $345,000

      Waterfront Peninsula Lot on Lake

      Premier waterfront lot with private boat ramp potential on Lake
      1225 Peninsula Drive, Prosperity, SC 29127
      View Details
    • $640,000

      Heavily Wooded Acreage Near Town

      80 acres of wooded land near Prosperity, SC.
      0000 US Highway 76, Prosperity, SC 29127
      View Details
    • $275,000
      2,600 SF

      Historic Downtown Prosperity Commercial Space

      Flexible commercial space with historic charm in downtown Prosperity, SC.
      208 N Main, Prosperity, SC 29127
      View Details
    • $100,000

      Lake View Homesite Opportunity

      Homesite with lake views, marina access, and recreational opportunities.
      530 Marina Way, Prosperity, SC 29127-0000
      View Details
    • $84,000

      Lake Murray Land with Boat Slip

      Corner lot in lakefront community with deeded boat slip.
      122 Timber Trail Dr, Prosperity, SC 29127
      View Details
    • $140,000

      9.71 Acres Near Lake Murray

      9.71 acre homesite near Lake Murray in Prosperity, SC.
      359 Holly Point Road, Prosperity, SC 29127
      View Details
    • $699,000

      Waterfront Lot with Shared Dock

      Waterfront lot on Lake Murray with shared dock access.
      Bay Court, Prosperity, SC 29127
      View Details
    • $395,000

      Lake Murray Waterfront Homesite Opportunity

      Lakefront homesite with dock permit in premier community.
      Middleton Place, Prosperity, SC 29127
      View Details
    • $150,000

      Two Acre Lot with Boat Slip

      Residential lot with boat slip and community amenities.
      0 Circle H Woods Road, Prosperity, SC 29127
      View Details
    • $147,000

      Lake Murray Estate Lot

      1.42 acre residential lot in Stewart's Landing community.
      201 Peninsula Drive, Prosperity, SC 29070
      View Details
    • $269,900

      21 Acres Near Lake Murray

      21 acres near Prosperity, SC, close to Lake Murray.
      0 Macedonia Church Road, Prosperity, SC 29127
      View Details
    • $548,888

      Lake Murray Waterfront Residential Lot

      Waterfront lot on Lake Murray with boat ramp access.
      1189 Newberry Shores Drive, Prosperity, SC 29127
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Ready-to-build lot in Stewart Landing with lake access.
    Where is this residential land & home lot located?
    The property is located at Lot 112 Stewart Landing Drive Prosperity, SC.
    What is the asking price?
    The asking price for this property is $77,900.
    What are key features of this property?
    This property features: Cleared, graded, and ready‑to‑build lot saves buyer time and money; Located in Stewart Landing, a luxury lakefront community; Proximity to neighborhood playground and dog park
    (205) 985-2991
    We can help!
    Listing Contact
    Michael Murphy
    Real Estate License ID: 100445
    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 112 Stewart Landing Drive, Prosperity, SC 29127
    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!