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Waterfront Land with Lakefront Peninsula
For Sale
$1,825,000

1594 SPENCE Road, Lexington, SC 29072

LOTS AND ACREAGE, Lexington, SC

Property SizeContact for details
Lot Size1.32 Acres
Days on Market197

Property Features for 1594 SPENCE Road

General Information

Property type Land
Property subtype Other
Subdivision SPENCES ISLAND
Elementary school New Providence
Middle school LAKESIDE
High school River Bluff
Elementary school district Lexington One
Middle school district Lexington One
High school district Lexington One
Directions Head north on Old Chapin Road and follow it to the end. The lot is located at the point, and the access is between the two lots with homes on the cul-de-sac.
Standard status Active
Lot size 1.32 Acres

Taxes and HOA fees

HOA Fee $2,162 Annually

Utilities

Water source Public
Water front features Waterfront, Lake
Water front 1
Listing Agency: Lifesouthern LLC
Listed By: Kevin Fields · License #44012
Added: Feb 5 Changed: Aug 19 Last Checked: Aug 21 at 8:06PM
MLS# 626271

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.

Investment Insights

Based on property information with market context.

Waterfront land at Spences Island on Lake Murray offers an ultra-private setting for a custom home. The property is a 1.32-acre peninsula lot with 600+ feet of lakefront and 270-degree big water views, including views of Bomb Island and the Lake Murray Dam to the east, north, and west.

The building site has been fully prepared with complete riprap, and the property includes a dock permit. Access to public utilities is in place, and the water source is public. The location is described as being on a gated private island, with proximity to downtown Lexington and Irmo and easy access to Columbia.

Public-facing waterfront living is centered on maintaining a broad view throughout the day, without needing to look into the sun.

Key Highlights

  • 1.32‑acre peninsula lot with 600+ feet of lakefront on Lake Murray
  • 270‑degree big water views including Bomb Island and the Lake Murray Dam
  • Gated private island location at Spences Island

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Real Estate Agency Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

7
Businesses Nearby

Demographics for 29072, SC

65,060
Population
26,951
Households
2.4
Avg Household Size
39
Median Age
48%
College-Educated
96%
High-School Grad
68.0 sq mi
ZIP Area
957
Density / Sq Mi
$103,415
Median Household Income
$55,500
Median Earnings
$1,317
Median Rent
$304,200
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Waterfront Land - Build-ready waterfront peninsula lot on Lake Murray with extensive lake frontage and public utilities available.
Where is this waterfront land located?
The property is located at 1594 SPENCE Road Lexington, SC.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: 1.32‑acre peninsula lot with 600+ feet of lakefront on Lake Murray; 270‑degree big water views including Bomb Island and the Lake Murray Dam; Gated private island location at Spences Island
More about this property
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