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    885 Martin Luther King Rd Pawleys Island, SC 29585

    For Sale
    $1,600,000

    Multi-Family Lot - Pawleys Island, SC

    Lot size:
    3.50 Acres
    Days on Market:
    42
    Last Refresh:
    Dec 10 at 1:06 am

    Property Features for 885 Martin Luther King Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MR-10
    Lot size
    3.50 Acres

    Building Details

    Architectural style
    Other

    Coast Real Estate SC (843) 655-4554 [email protected]

    Listing agent Matt Almony (843) 655-4554

    Listing date Oct 30, 2025

    MLS# 2526188 Listing URL

    Copyright © 2025 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.

    Overview

    Pawleys Island Multi-Family Development Opportunity

    This offering presents a rare opportunity for builders and developers to acquire soon-to-be fully entitled lots in the Pawleys Island market, where demand currently exceeds supply. The property consists of a 3.5-acre lot intended for multi-family residential development. Permitting for a private/public road, sewer, wetlands mitigation, and stormwater management are in process, with an anticipated delivery in November. The location offers convenient access to golf courses, the beach, dining establishments, and retail areas, enhancing its appeal to potential buyers. This 9-lot minor subdivision is suitable for spec home builders seeking premium coastal lots and developers pursuing manageable-scale projects with strong absorption. Pawleys Island continues to experience strong demand from buyers seeking coastal lifestyle properties. The site is located in Pawleys Island, South Carolina.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -79.12713
    Latitude
    33.46234

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    FAQs

    What type of property is this?
    Land - Entitled lots for builders/developers in high-demand Pawleys Island market.
    Where is this land located?
    The property is located at 885 Martin Luther King Rd Pawleys Island, SC.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Fully entitled lots in high-demand Pawley's Island market, permitting in process for November delivery.; - Limited competition due to scarce inventory and strict development regulations.; - Prime location with golf accessibility to the beach, dining, and retail.
    (843) 655-4554
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    885 Martin Luther King Rd Pawleys Island, SC 29585
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    Pawleys Island, SC 29585
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    Realmo Value Estimation

    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.

    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.

    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
    885 Martin Luther King Rd Pawleys Island, SC 29585
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