Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Ivory Bill Way lot J6 - 405 Salem, SC 29676

    View on Map
    Claim this Listing
    For Sale
    $595,000

    LAND - Salem, SC

    Lot size:
    1.48 Acres
    Added:
    Jul 21, 2025
    Days on Market:
    273
    Last Refresh:
    Apr 19 at 3:06 am

    Property Features for Ivory Bill Way lot J6 - 405

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    39-01-02-033
    Lot size
    1.48 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2709

    Utilities

    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Michael Martin
    Michael Martin

    Listing agent Michael Martin License #18636

    Listing office The Lake Company 125 Eagles Nest Drive Suite B, Salem, SC

    Listing date Jul 21, 2025

    MLS# 20290275 Listing URL

    Copyright © 2026 Western Upstate 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

    Waterfront Land with Dock, Salem

    This 1.48-acre waterfront land is located in Salem, South Carolina, offering seasonal mountain views and access to a protected deep-water cove. The property includes a covered dock and rocked shoreline. A walkway leads to the dock, featuring level pavers on top of rip rap for easy access. Cliffs Membership is available for purchase at closing. The property is situated just minutes from the Falls South Clubhouse and five minutes from the boat ramp at Lake Jocassee, providing dual lake usage. As built Topo/Survey, Septic Permit (Expired), and House Drawings are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Oconee
    State
    South Carolina
    Longitude
    -82.915043
    Latitude
    34.944032

    Nearby Similar for Sale

    • $599,900

      Lake Keowee Waterfront Homesite

      1.33-acre lakefront lot with private dock and boat lift.
      Riverstone Drive lot: 64, Salem, SC 29676
      View Details
    • $129,000

      Residential Lot in Gated Community

      Interior lot with amenities in waterfront community near Lake Keowee.
      0 Sourwood Bench Court, Salem, SC 29676
      View Details
    • $1,199,000

      Lake Keowee Waterfront Homesite

      1.08-acre waterfront homesite with 183 feet of shoreline.
      Bentwood Way lot: 4, Salem, SC 29676
      View Details
    • $82,000

      Keowee Key Waterfront Land

      Waterfront lot in Keowee Key with lake access.
      25 Foremast Drive, Salem, SC 29676
      View Details
    • $679,000

      Lake Keowee Waterfront Land

      Two adjacent lots totaling 2.34 acres on Lake Keowee.
      401 Windcrest Court, Salem, SC 29676
      View Details
    • $28,000

      Mountain Retreat Land in Salem

      2.21 acre lot near Lake Jocassee and Devils Fork.
      Jocassee Ridge Way lot: S6, Salem, SC 29676
      View Details
    • $680,000

      Lakefront Lot with Mountain Views

      1.23 acre lakefront lot with access to premier amenities.
      917 Rippling Water Way, Salem, SC 29676
      View Details
    • $19,000

      Mountain Retreat Land For Sale

      1.35-acre lot near Lake Jocassee and Table Rock State Park.
      500 Stoney Creek Trail, Salem, SC 29676
      View Details
    • $80,000

      Residential Land in Salem, SC

      Gently sloping lot with potential mountain views near Lake Keowee.
      HR83 Briarberry Court, Salem, SC 29676
      View Details
    • $92,225

      Land in Salem, SC

      5.27 acres in Salem, SC with campsite and outbuildings.
      930 Nimmons Bridge Road, Salem, SC 29676
      View Details
    • $2,350,000

      Lake Keowee Waterfront Residential Lot

      Breathtaking waterfront views on Lake Keowee in Salem, SC.
      731 Barberry Court, Salem, SC 29676
      View Details
    • $64,900

      Residential Lot in Gated Community

      3.69-acre homesite near lakes and state park.
      S-28 Tamassee Ridge Way, Salem, SC 29676
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 1.48 acres waterfront land with covered dock in Salem, SC.
    Where is this waterfront land located?
    The property is located at Ivory Bill Way lot J6 - 405 Salem, SC.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: 1.48 acre waterfront property on a protected deep‑water cove.; Cliffs Membership available for purchase.; Covered dock and rocked shoreline.
    (864) 979-5357
    We can help!
    Listing Contact
    Michael Martin
    Michael Martin
    Real Estate License ID: 18636
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!