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636 Pine Harbor Way
Salem, SC 29676
$3,895,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
--
Property Description
Craftsmanship takes center stage upon entering this charming lakeside abode. From the moment you turn onto the short drive leading to the expansive paver courtyard, it's evident that you've arrived at a meticulously crafted retreat spanning 2.09 acres of serene privacy. An impressive dual-sided ashlar stone fireplace, adorned with custom handmade timber mantles, serves as the heart of the main level, casting a warm ambiance throughout the living, dining, and kitchen areas. A handcrafted saw-finished bar, strategically positioned for entertaining, complements the hand-scraped hickory floors that grace the entirety of the main floor. The kitchen exudes the charm of the French Countryside while boasting top-of-the-line amenities for avid bakers, chefs, and entertainers alike, featuring Subzero refrigeration, Wolf cooking appliances, and generous countertop prep spaces. Adjacent to the kitchen, a spacious walk-in pantry and laundry room offer ample storage and convenience. A rustic farmhouse-style study provides an inviting space for remote work or leisurely reading, accented by a barnwood encased fireplace. Stepping into the primary suite, panoramic floor-to-ceiling windows frame picturesque views of Lake Keowee, with direct access to a spacious screened porch via elegant French doors. The ensuite bathroom beckons with its luxurious features, including an oversized walk-in shower, separate vanities, a cosmetic vanity, a freestanding tub, and a generous walk-in closet. The lower level graciously accommodates guests with a sizable 8-bed bunkroom, private bath, and two impeccably appointed guest suites. A central gathering space, complete with a built-in kitchenette, is ideal for leisurely evenings of sports and movies. Outdoor living spaces abound, featuring two screened porches, an open-air porch, all boasting serene views of nature and the lake, enhanced by Laurel Pine deck railings. Relaxation awaits in the screened-in spaces and the covered grill area adjacent to the grand stone fireplace. A stroll from the home to the lake leads to a lower-level lakeside terrace with a inviting hot tub, offering the perfect vantage point to enjoy the crystal-clear waters of Lake Keowee. Access to the water is effortless, with a covered dock featuring a boat lift nestled within the protected cove. The Cliffs at Keowee Falls community offers an array of amenities, including a signature 18-hole golf course designed by Jack Nicklaus, a newly expanded wellness center, lighted tennis and pickleball courts, and extensive hiking trails along Falls Creek. A Club Membership at The Cliffs is available for purchase with this property giving you access to all seven communities.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
--
MLS Number
20273954
Location
Address
636 Pine Harbor Way
City
Salem
State
SC
Zip Code
29676
County
OCONEE
Listing
Provider
Cliffs Realty Sales SC, LLC, original listing
Name
Cliffs Realty Sales SC, LLC
Phone
(864) 660-8401
Office Name
Cliffs Realty Sales SC, LLC
Office Phone
(866) 411-5769
Agent Name
Chris Shelnut

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.