Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Greenwood Waterfront Homesite Opportunity Title is generated by Realmo AI

    237 Terrapin Pointe Rd, Greenwood, SC 29649

    View on Map
    Claim this Listing
    For Sale
    $49,000

    LAND - Greenwood, SC

    Lot size:
    2.55 Acres
    Added:
    Apr 10, 2026
    Days on Market:
    43
    Last Refresh:
    May 22 at 9:06 pm

    Property Features for 237 Terrapin Pointe Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RDD
    Standard status
    Active
    Lot size
    2.55 Acres

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Candace Adams

    Listing agent Candace Adams License #130564

    Listing office Greenwood Realty Inc. 225 Bypass 72W Suite C, Greenwood, SC

    Listing date Apr 10, 2026

    MLS# 139583 Listing URL

    Copyright © 2026 Greenwood 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.

    HighLights

    • Premier lakefront homesite offering nearly 115 feet of shoreline on Lake Greenwood.
    • Located in the desirable Terrapin Pointe community with community boat ramp and slips.
    • Low HOA fees designed to protect your investment.
    • Ample space to build a custom dream home with outdoor living areas and private lake access.
    • Convenient location: close to Greenwood, SC, and within driving distance of Greenville, SC, and Atlanta, GA.
    • Scenic, wooded lot offering a quiet, nature‑filled environment with privacy.

    Overview

    This 2.55-acre waterfront land is located at 237 Terrapin Pt Rd in the Terrapin Pointe community on Lake Greenwood. The property offers nearly 115 feet of shoreline, providing a setting for building a custom dream home with water views. The location is within a growing lake community known for its peaceful setting and Southern charm. Community amenities include boat ramp access and boat slips. The Home Owners Association fees are designed to protect investment without high overhead. The property is a scenic, wooded lot with privacy. Lake Greenwood offers over 11,400 acres of water and 200+ miles of shoreline, suitable for boating, fishing, and recreation. The lake is fed by the Saluda River, Reedy River, and Rabon Creek. The property is approximately 45 minutes from Greenville, SC, and approximately 2.5 hours from Atlanta, GA. It is also less than 10 miles from dining, shopping, and everyday conveniences in Greenwood. The property is zoned RDD.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Greenwood
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.184714
    Latitude
    34.3304

    Nearby Similar for Sale

    • $799,900
      6,000 SF

      Versatile Commercial Flex Property

      6,000 sq ft commercial flex property in thriving district.
      463 Calhoun, Greenwood, SC 29646
      View Details
    • $430,000
      3,200 SF

      Greenwood Commercial Property Near Lake

      1.08-acre commercial property with warehouse, office, and storage space.
      5108 Old Laurens Rd, Greenwood, SC 29649
      View Details
    • $350,000
      2,554 SF

      Greenwood Commercial Property with Chef Kitchen

      Commercial property with chef's kitchen, suitable for catering business.
      116 Charles Street, Greenwood, SC 29649
      View Details
    • $1,300,000

      Lake View Development Opportunity

      2.4-acre land with lake views and development potential.
      102 Lakeshore Dr, Greenwood, SC 29649
      View Details
    • $449,000
      2,683 SF

      Established Car Wash with Vacant Lot

      Income-producing car wash with expansion potential in high-traffic location.
      2534 Hwy 25 S, Greenwood, SC 29646
      View Details
    • $275,000
      7,067 SF

      Greenwood Commercial Property with Buildings

      Two buildings on 0.76 acres, ideal for auto/industrial use.
      120/124 Commerce Circle, Greenwood, SC 29646
      View Details
    • $395,000
      10,000 SF

      Greenwood Commercial Building For Sale

      Office, showroom, and warehouse space in a prime location.
      1201 E Cambridge Av, Greenwood, SC 29649
      View Details
    • $390,000
      1,817 SF

      Versatile Downtown Greenwood Commercial Space

      Unique mixed-use opportunity in the heart of downtown Greenwood.
      327 Main St (Floors 6 & 8), Greenwood, SC 29646
      View Details
    • $390,000
      1,800 SF

      Versatile Downtown Commercial Building

      Floors 6 & 8 offer versatile space in downtown Greenwood.
      327 Main St, Greenwood, SC 29646
      View Details
    • $400,000
      4,753 SF

      Uptown Greenwood Mixed-Use Opportunity

      Iconic mixed-use property in vibrant Uptown Greenwood, South Carolina.
      204 Main Street, Greenwood, SC 29649
      View Details
    • $399,000

      Greenwood SC Land For Sale

      1.3 acre lot in Greenwood's professional corridor.
      1509 Spring St., Greenwood, SC 29646
      View Details
    • $165,000
      1,956 SF

      Greenwood Car Wash Investment Opportunity

      Self-service car wash with growth potential on 0.64 acres.
      1005 Reynolds Ave, Greenwood, SC 29649
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Premier lakefront homesite with shoreline and community amenities.
    Where is this waterfront land located?
    The property is located at 237 Terrapin Pointe Rd Greenwood, SC.
    What is the asking price?
    The asking price for this property is $49,000.
    What are key features of this property?
    This property features: Premier lakefront homesite offering nearly 115 feet of shoreline on Lake Greenwood.; Located in the desirable Terrapin Pointe community with community boat ramp and slips.; Low HOA fees designed to protect your investment.
    (864) 971-2396
    We can help!
    Listing Contact
    Candace Adams
    Real Estate License ID: 130564
    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
    237 Terrapin Pointe Rd, Greenwood, SC 29649
    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!