101 Lake Drive, Summerville, SC 29483

$550,000
8
BD
7
BA
2,917
SqFt

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List Price
$550,000
Status
ACTIVE
MLS#
26021251
Days on Market
3
Property Type
Single Family Detached
Bedrooms
8
Full Baths
7
Lot Size
53,578
Region
63 - Summerville/Ridgeville
Year Built
1989

Property Description

Welcome to 101 Lake Drive, a rare investment opportunity in Summerville's established Pinehill Acres neighborhood. Tucked between the everyday conveniences of the Old Trolley Road corridor and the shops and restaurants of Historic Downtown Summerville, this address keeps tenants close to daily essentials while putting downtown Charleston just a 25-minute drive away. For an investor eyeing a room-rental or house-hack strategy, few Lowcountry properties offer this combination of space, privacy, and upside -- all within reach of Summerville's small-town charm and Charleston's big-city pull.This renovated resale delivers a layout built for flexible income: 2,907 square feet holding 8 bedrooms and 7 bathrooms, split between a full kitchen and a separate kitchenette. That configuration gives an investor real options for room-by-room rental, a multi-generational house hack, or a segmented rental strategy without the cost of new construction -- and the same layout would suit a large family just as well, with room to spread out and end the morning bathroom line for good. Outside, the property sits on 1.2 private acres in Summerville, SC -- enough land to support a genuinely rare amount of off-street parking, an important detail for any multi-tenant rental where residents each need their own spot. A 510-square-foot outbuilding adds dedicated storage for tools, lawn equipment, or tenant overflow, while a concrete slab on the property opens up options few listings can claim -- big enough for a helicopter pad, a basketball court, or parking for a full house of friends and family. The acreage itself also buffers the home from neighbors in a way that's increasingly hard to find in Pinehill Acres and the surrounding Summerville market. The backyard pool, fitted with a new liner, rounds out the property as an amenity that sets this investment apart from typical room-rental housing stock -- a draw for tenants and a differentiator in the local rental market. Between the acreage, the parking, the outbuilding, the concrete pad, and the pool, 101 Lake Drive is positioned to perform as a standout investment property in Summerville, SC. Don't miss this rare opportunity to acquire a house-hack-ready property with this much flexibility built in.

Additional Information

Elementary School
Knightsville
Middle School
Dubose
High School
Summerville
Exterior Features
Balcony
Pool
Yes
Foundation
Crawl Space
Interior Features
Ceiling Fan(s), Bonus, Eat-in Kitchen, Family, Formal Living
Levels
Two
Lot Description
1 - 2 Acres
County
Dorchester
Neighborhood
Pinehill Acres
Project/Section
Pinehill Acres
Style
Traditional
Acres
1.23
Heating
Central
Listing Courtesy Of
Dean Property Company

Listing courtesy of Listing Agent: Earl Fleetwood from Listing Office: Dean Property Company.

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Calculator source: Real Geeks