Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    EWP #23 S Edgewater Drive Sunset, SC 29685

    View on Map
    Claim this Listing
    For Sale
    $2,999,000

    LAND - Sunset, SC

    Lot size:
    1.00 Acre
    Added:
    May 12, 2025
    Days on Market:
    360
    Last Refresh:
    May 6 at 3:06 pm

    Property Features for EWP #23 S Edgewater Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Pets allowed
    Yes
    Standard status
    Active
    APN
    4131-00-63-1653
    Lot size
    1.00 Acre

    Utilities

    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Justin Winter
    Justin Winter

    Listing agent Justin Winter License #45051

    Listing office Justin Winter & Assoc 15740 N Hwy 11, Salem, SC

    Listing date May 12, 2025

    MLS# 20287177 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.

    HighLights

    • Exclusive waterfront home site in The Reserve's Edgewater Park Estates.
    • 1.14 acre lot with approximately 200 feet of gently sloping waterfront.
    • Pre‑approved covered slip dock permit available (application required by purchaser).
    • Broad building envelope allows for practically unlimited building potential.
    • Quiet cove location provides solitude and larger lake views from the rear elevation.
    • Opportunity to custom design/build with The Stillwater Group.

    Overview

    Waterfront Land in Sunset, SC

    Located in The Reserve's Edgewater Park Estates, this property is part of a cluster of seven homesites. This is an undeveloped waterfront location. Lot 21, 22 and 24 are already sold and under construction. The remaining homesites are available for custom home design and build. This homesite features 1.14 acres and approximately 200 feet of gently sloping waterfront, offering building potential due to the property's broad building envelope. A covered slip dock permit has been pre-approved on this site. The location in a quiet cove ensures solitude away from the main lake water channels, while the property's configuration allows for larger lake views from the home's rear elevation, which can include a gunnite pebbletec pool and spa.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Sunset
    County
    Pickens
    State
    South Carolina
    Longitude
    -82.8335
    Latitude
    34.9888

    Nearby Similar for Sale

    • $475,000

      Lake Keowee Waterfront Land

      Rare waterfront homesite with private dock on Lake Keowee.
      319 Trottingwolf Trail, Sunset, SC 29685
      View Details
    • $335,685

      Residential Lot in Gated Community

      17.5-acre homesite in The Cliffs at Keowee Vineyards.
      163 Eastatoe Parkway, Sunset, SC 29685
      View Details
    • $54,900

      Sunset, SC Homesite in Cliffs

      0.99-acre homesite in Keowee Vineyards with community amenities.
      534 Ginseng Drive, Sunset, SC 29685
      View Details
    • $90,685

      Residential Lot in Gated Community

      1.10 acre homesite in The Reserve at Lake Keowee.
      311 Golden Bear Drive, Sunset, SC 29685
      View Details
    • $42,000

      Sunset, SC Wooded Homesite

      1.86-acre wooded homesite in The Cliffs at Keowee Vineyards.
      107 Summer Sweet Trail, Sunset, SC 29685
      View Details
    • $1,795,000

      Lake Keowee Waterfront Homesite Opportunity

      Prepared 1.14-acre waterfront lot in The Reserve at Lake Keowee.
      315 S Cove Road, Sunset, SC 29685
      View Details
    • $950,000

      Lake Keowee Waterfront Estate Lot

      Rare 1.35-acre waterfront lot with long-range lake views.
      132 S Falls Road, Sunset, SC 29685
      View Details
    • $22,000

      Residential Lot in Cedar Creek

      Corner lot in gated community with lake access and amenities.
      142 Summit Pine, Sunset, SC 29685
      View Details
    • $849,900

      Lakefront Lot in Cliffs Community

      2.01 acre lakefront lot with community amenities in Sunset, SC.
      108 Blazing Star Court, Sunset, SC 29685
      View Details
    • $269,000

      Lake Keowee View Lot

      Residential lot with lake and golf course views in Sunset, SC.
      242 Long Cove Court, Sunset, SC 29685
      View Details
    • $499,000

      Waterfront Land with Covered Dock

      Sunset, SC land with deep water access and dock.
      Royal Reserve lot: 5, Sunset, SC 29685
      View Details
    • $97,700

      Residential Lot in Cliffs Community

      4.5+ acre lot in Keowee Vineyards, Sunset, SC.
      106 Dutchmans Pipe Trail, Sunset, SC 29685
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Exclusive waterfront homesite with building potential and pre-approved dock.
    Where is this waterfront land located?
    The property is located at EWP #23 S Edgewater Drive Sunset, SC.
    What is the asking price?
    The asking price for this property is $2,999,000.
    What are key features of this property?
    This property features: Exclusive waterfront home site in The Reserve's Edgewater Park Estates.; 1.14 acre lot with approximately 200 feet of gently sloping waterfront.; Pre‑approved covered slip dock permit available (application required by purchaser).
    (864) 506-6387
    We can help!
    Listing Contact
    Justin Winter
    Justin Winter
    Real Estate License ID: 45051
    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
    EWP #23 S Edgewater Drive, Sunset, SC 29685
    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!