About two years ago a local builder decided to make a large bet on the pace of development at Lake Wateree and on the local demand for waterfront “McMansions”. When the national economy (and the local market) began to contract, the builder found himself with at least four houses (each measuring over 5,500 square feet) partially completed, no customers for these houses and their construction lenders pressing them. Foreclosure ensued and, as a result, that noise you hear is the knocking of opportunity. Two of these homes grace oversized lots at Taylor Creek, on Lake Wateree. The homes are weather tight with nearly finished building exteriors, sheet rock is ready to paint, interior doors installed and mostly trimmed, all plumbing roughed in with some fixtures and vanities installed, kitchen cabinets installed, all wiring completed to the junction boxes and all HVAC units and ductwork installed. These three-story homes are set up for elevators (not in place) serving all three floors and include oversize two-car garages (served by the elevators) on the “crawl space” level. The three living floors include four bedrooms (plus a large frog with full bath that could actually be a second master suite), three full and two half baths, family room, huge recreation room, study, office and Florida room. Most of the rooms have water views and there is a large mid-level deck. This location is in the northern half of the west side of Lake Wateree, is only15 minutes from I-77 and thus 30 minutes from Columbia, South Carolina, an hour to Charlotte, North Carolina, and two hours from the Smoky Mountains or to the beaches of the Atlantic Ocean and Charleston, South Carolina. Although these homes have been recently appraised “as is” for $600,000 and $615,000 (the lots alone are probably worth about $200,000) they are offered at $400,000 and $475,000. That knocking sound should be getting louder!

PROPERTY NUMBER: 39032-06390        PRICED AT: $400,000.00

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