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

    703 Misty Dawn Court, Salem, SC 29676

    View on Map
    Claim this Listing
    For Sale
    $1,195,000

    Rare 1.32-acre waterfront homesite with lake views in Salem, SC.

    Type:Lots/Land
    Lot size:
    1.32 Acres
    Added:
    May 8, 2025
    Days on Market:
    392
    Last Refresh:
    May 29 at 3:00 am

    Property Features for 703 Misty Dawn Court

    General Information

    Standard status
    Active
    Lot size
    1.32 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Zack Thomas

    Listing agent Zack Thomas License #114243

    Listing office Cliffs Realty Sales SC, LLC (Six Mile)

    Listing date May 8, 2025

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Cliffs Realty Sales SC, LLC (Six Mile)

    HighLights

    • 1.32‑acre lot with unobstructed, breathtaking views of Lake Keowee.
    • Final available property on prestigious Misty Dawn Court, a serene cul‑de‑sac with only four homesites.
    • Located in the highly desirable Emerald Bay section, offering privacy and tranquility away from main channel activity.
    • Minutes from the gated entrance and exceptional amenities of The Cliffs at Keowee Falls.
    • Access to championship golf, a state‑of‑the‑art wellness center, fine dining, and scenic hiking trails.
    • Opportunity to purchase a Club Membership at The Cliffs, granting access to all seven communities.

    Overview

    This 1.32-acre property is the last available homesite on Misty Dawn Court, situated within The Cliffs at Keowee Falls. Located in the Emerald Bay section, the lot offers unobstructed views of Lake Keowee. The property provides a balance of long-range water views and privacy, set away from main channel activity. It is located minutes from the gated entrance and amenities of The Cliffs at Keowee Falls, which include golf, a wellness center, dining, and hiking trails. A Club Membership at The Cliffs is available for purchase with this property giving access to all seven communities. The property is intended for use as a luxury lakefront retreat.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Oconee
    State
    South Carolina
    Longitude
    -82.9131041
    Latitude
    34.8702356

    Nearby Similar for Sale

    • $2,250,000

      Waterfront Homesite with Private Dock

      Build a lakefront residence with panoramic Lake Keowee views, a covered dock, and established site improvements.
      731 Barberry Court, Salem, SC 29676
      View Details
    • $1,199,000

      Waterfront Homesite in Keowee Falls

      1.08-acre waterfront homesite with 183 feet of shoreline.
      Bentwood Way lot: 4, Salem, SC 29676
      View Details
    • $579,000

      Lake Keowee Waterfront Homesite

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

      Keowee Lake Community Interior Lot

      Interior lot in waterfront community with amenities near Lake Keowee.
      Sourwood Bench Court, 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
    • $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
    • $1,265,000

      Lake Keowee Waterfront Point Lot

      1.92-acre waterfront lot with mountain views and planned dock.
      Turtlehead Drive lot: 54 - 507, Salem, SC 29676
      View Details
    • $1,428,750

      Oconee County Land with Lake

      93+ acre property with 10-acre private lake.
      N Lake Drive, Salem, SC 29686
      View Details
    • $169,999

      Land Near Lake Keowee

      9.65-acre parcel near Lake Keowee with building flexibility.
      Nimmons Bridge Road lot: 68, Salem, SC 29676
      View Details
    • $119,000

      Scenic Homesite in Keowee Falls

      1.83-acre homesite with mountain views in The Cliffs.
      Pine Harbor Way lot: 116, Salem, SC 29676
      View Details
    • $238,676

      Residential Land in Keowee Key

      Homesite in gated waterfront community with resort-style amenities.
      330 Long Reach Drive, Salem, SC 29676
      View Details
    • $199,000

      Keowee Falls Homesite Opportunity

      2.48-acre homesite with mountain views in The Cliffs.
      Pine Harbor Way lot: 119, Salem, SC 29676
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Rare 1.32-acre waterfront homesite with lake views in Salem, SC.
    Where is this waterfront land located?
    The property is located at 703 Misty Dawn Court Salem, SC.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: 1.32‑acre lot with unobstructed, breathtaking views of Lake Keowee.; Final available property on prestigious Misty Dawn Court, a serene cul‑de‑sac with only four homesites.; Located in the highly desirable Emerald Bay section, offering privacy and tranquility away from main channel activity.
    (828) 206-2821
    We can help!
    Listing Contact
    Zack Thomas
    Real Estate License ID: 114243
    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
    703 Misty Dawn Court, Salem, SC 29676
    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!