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Picturesque Property With Income-Producing Potential In Walterboro, SC
Acreage
79.1 ±
County
Colleton
SOLD
Address 54 Spring Lake Rd Walterboro, SC 29488
View on Google MapsDescription
Discover the perfect blend of tranquility and opportunity with this expansive 79.1-acre property, ideally situated just five minutes from Interstate 95 and a short seven-minute drive from the heart of Walterboro, SC. Originally purchased and designed in the early 1970s to be one of South Carolina's first children's summer camps, this impressive tract of land features a stunning 2.8-acre pond, creating a serene backdrop for fishing and relaxation. The property includes five income-producing residences, each equipped with its own septic system and serviced by a recently upgraded shared deep well. The "main" home, originally the dining hall for the summer camp, is a spacious 2,000 square foot dwelling that offers flexibility with 2-3 bedrooms, depending on your needs. Additionally, a cleared site with septic is ready for future development, making this property an excellent investment for both personal enjoyment and long-term growth.
The remaining residences on this property are mobile homes that vary in condition, but all are currently generating income, making this an attractive opportunity for savvy investors. Among them, a charming two-bedroom, one-bathroom home was fully renovated in 2019, featuring modern flooring, updated appliances, and a welcoming porch, perfect for enjoying the peaceful surroundings. The other residences, while all dated and in varying states of upkeep, provide ample potential for further development or rental income. Additional buildings include a large secure workshop and a functional wooden barn, both near the rear of the property. The sprawling acreage, complete with a picturesque pond, offers the perfect setting for deer hunting, fishing, or simply escaping the hustle and bustle of everyday life.
Timber was previously cut twice from the property, generating a combined income of $22,000, as reported by the current owners. The land could be replanted, offering future timber investment opportunities. Located in the rapidly growing Colleton County, this property is ripe for development, offering speculative buyers the chance to capitalize on the area's booming real estate market. With its proximity to major highways and the charm of rural South Carolina, this land presents a rare opportunity to create a private retreat, expand your investment portfolio, or develop a new residential community. The property is being sold as-is, with due diligence to be conducted by prospective buyers, ensuring that this unique offering meets your vision and goals.
Details
- 79.1 acres of property
- 705 +/- feet of road frontage
- 2.8+/- acre pond on site
- Currently 5 income-producing properties
Summary
Roads
Road Frontage
Land Type
Hunting and Recreational, Timberland
Land Details
Timber, Pond
Outbuildings
Shop, Barn
Road Surface
Pavement
Type of Home
Residential
Property Type
Farms, Recreational Land, Residential Land, Undeveloped Land, Hunting Land
Road Frontage
County Road
Nearby Features
Camping/Campground
Activities on Property
Hunting, Hiking, ATV Riding, Camping, Biking, Fishing, Boating, Horseback Riding
Land and Farm Property Types
Land - Hunting, Land - Recreational, Timberland - Natural
Recent Property Improvements
Trail network
Other Property Details
Utilities
- electric: onsite
- water: onsite
Coordinates
32.9764, -80.7098
Annual Taxes
$3,249
Sold Property
For more information or to see additional properties currently for sale see Joseph Harvill's listings.