Exploring the 2024 Lake Keowee Luxury Real Estate Market

If you’re interested in real estate around here, you’re likely asking yourself several key questions. Everyone from first-time buyers to seasoned investors wants to know the lay of the land before diving into the Lake Keowee market.

Maybe you’re dreaming of a waterfront home where you can enjoy gorgeous, peaceful lake views every day. Or perhaps you’re eyeing a more affordable interior property that still lets you soak in the beauty of Upstate South Carolina.

Whatever your goal, having the latest information is important—and our latest Q2 2024 Market Report is packed with the up-to-date info you need! We’ve spent a lot of time gathering the latest data and trends to give you a comprehensive look at what’s happening in the Lake Keowee real estate market right now.

Typical Costs for Homes on Lake Keowee in 2024

The cost of homes on Lake Keowee varies widely depending on their location and type. Here’s a snapshot from our Q2 2024 report:

  • Waterfront Homes: These properties are highly sought after, and their prices reflect their prime location. The demand for waterfront homes has driven prices up by over 7%. The average sale price of a waterfront home, such as those in The Cliffs at Lake Keowee, can be substantial, but the exact figures depend on the specific area and the home’s features.
  • Interior/Off-Water Homes: These homes offer more affordability compared to their waterfront counterparts. They are perfect for buyers looking to enjoy the Lake Keowee area without the premium price tag associated with direct lake access. Our report indicates that these properties, while less expensive, provide larger lot sizes and greater privacy.

To get the most accurate pricing for specific types of homes, we recommend downloading our full Q2 2024 Market Report, which details recent sales prices and trends across different property types.

What is the Most Expensive House on Lake Keowee?

The Q2 2024 report includes aggregated data about luxury properties on Lake Keowee, especially homes for sale in Keowee Key and other high-end communities. Naturally, the priciest homes are usually lavish waterfront estates with all the bells and whistles—private docks, expansive living areas, custom designs—and those awesome lake views.

While the report provides a broad range of data, pinpointing the single most expensive house would require a look at the current real estate listings around the lake. However, properties in this category can easily run into the millions—reflecting their premium status and desirable locations.

At the time of this writing, there is a waterfront Lake Keowee home on the market for $7,499,000, and several others in the $6-7 million range. You can view all our listings for local luxury homes for sale over $3M here.

A picture of Exploring the 2024 Lake Keowee Luxury Real Estate Market with The Cason Group A picture of Exploring the 2024 Lake Keowee Luxury Real Estate Market with The Cason Group

How Much Does It Cost to Build a House on Lake Keowee?

Building a house is a big deal, and doing it on Lake Keowee adds a unique twist. You’re not just building any house—you’re constructing a home in a pretty special place.

But what’s it going to cost you? Well naturally, that’s a bit of a mixed bag and depends on several factors:

  • Land Costs: Waterfront homesites are more expensive than interior/off-water homesites. Prices vary based on location, lot size, and proximity to amenities. Our report notes that waterfront homesites are particularly prized and have seen some price adjustments, which could impact overall building costs.
  • Construction Costs: These include materials, labor, and design fees. Custom homes, especially those with high-end finishes and unique architectural features, will cost more to build. If you’re dreaming of a custom home with high-end finishes and unique architectural features, expect those costs to climb. It’s worth every penny for many, but it’s something to keep in mind as you plan your budget.
  • Permitting and Utilities: These additional costs vary depending on the exact location and the complexity of the home design. It’s a good idea to factor these in early to avoid any surprises down the line. To get the specifics, it’s a good idea to talk to local Lake Keowee luxury real estate agents, builders, or the county planning and zoning departments.

For a detailed understanding of these costs and current market conditions, our Q2 2024 Market Report offers valuable information.

A picture of Exploring the 2024 Lake Keowee Luxury Real Estate Market with The Cason Group

Dive Deeper with Our Full Report

To fully understand the dynamics of the Lake Keowee real estate market and make informed decisions, we encourage you to download our comprehensive Q2 2024 Market Report. It’s packed with detailed data on recent home sales, market trends, property values, and more, tailored to help buyers, sellers, and investors navigate the market effectively.

Get a Copy of Our Full Lake Keowee Real Estate Market Report Here