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Private-Island Waterfront Land
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 Market243

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: Sep 13 Last Checked: Oct 6 at 10:06AM
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.

This 1.32-acre waterfront parcel occupies a peninsula on Spences Island, a gated private island in Lake Murray. The prepared building area includes complete riprap, an approved dock permit, and access to public utilities. More than 600 feet of lake frontage surrounds the site, with broad water views extending approximately 270 degrees toward the east, north, and west.

The property is located in Lexington near downtown Lexington and Irmo, with access to Columbia. The site also falls within Lexington One schools, including River Bluff High School. Its Lake Murray setting, private-island access, and prepared waterfront improvements provide the core physical characteristics for a custom residential building site.

Key Highlights

  • 1.32‑acre peninsula parcel on Spences Island in Lake Murray
  • More than 600 feet of lakefront
  • Approximately 270‑degree water views to the east, north, and west

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Waterfront Land - Prepared waterfront homesite with riprap, a dock permit, and access to public utilities.
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 parcel on Spences Island in Lake Murray; More than 600 feet of lakefront; Approximately 270‑degree water views to the east, north, and west
More about this property
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