3550 Princess Pond Road, Summerton, SC, 29148 | $1,229,900

Discover a tranquil escape with this custom-built log cabin situated on the serene shores of Lake Marion. This property masterfully combines rustic elegance with modern amenities, offering an ideal opportunity for a second home, primary residence, or a lucrative short-term rental investment. Experience the grandeur of an open-concept living space with soaring ceilings crafted from tongue-and-groove heart pine, centered around a magnificent stone fireplace. The fireplace, enhanced by a reclaimed mantle originating from the 2002 San Juan forest fire, provides the perfect ambiance for cozy evenings. Culinary enthusiasts will delight in the chef's kitchen, which features custom live-edge countertops from Texas, bespoke Cypress and Hickory cabinetry, and premium appliances including an ice maker and wine cooler. The first floor offers two spacious bedrooms and a well-appointed bathroom with dual sinks and granite counters, complemented by a full laundry room for ultimate convenience. Upstairs, a private primary suite awaits, featuring a walk-in closet and an en suite bath with a clawfoot tub, walk-in shower, and dual vanities. Step outside to a screened porch, complete with a custom bar offering seating for eight, a sink, mini-fridge, and gas burner, making it an ideal space for entertaining. The backyard oasis includes a custom Gunite pool, a six-person hot tub, a grilling station, a firepit area, and a private fishing pier perfect for savoring Lake Marion's stunning sunsets. This log cabin is crafted with 9-inch spruce logs using the Swedish coping style, professionally sealed in 2022, ensuring sturdy construction. An oversized 4-car garage, equipped with a full bath, and an unfinished upstairs offers excellent potential for additional living space. Recent upgrades include a 40-year architectural roof, new gutters, a Rinnai tankless water heater, and an efficient 2022 HVAC system. Located on the north shore of Lake Marion, this property is just minutes from I-95, providing convenient access for day trips to Charleston, Myrtle Beach, and Columbia. The area is renowned for its natural beauty and tranquility, making it an appealing retreat for water sports enthusiasts, nature lovers, and those seeking a peaceful lifestyle. Currently operating as a successful short-term rental, this property accommodates up to 14 guests and boasts over 150 five-star reviews, consistently generating well over $100, 000 annually. Whether you're looking for a charming home to call your own or an investment property with proven income potential, this Lake Marion cabin offers a perfect blend of appeal and practicality. Contact us to schedule a viewing or for more information about this exceptional property. Disclosure: The ability to operate a short-term rental in this jurisdiction is subject to local laws and regulations, which may change over time. There is no guarantee that the current permissions or allowances for short-term rentals will remain in effect in the future. Prospective buyers are encouraged to conduct their own due diligence regarding the current and future status of short-term rental regulations.

Features

  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Electric Dryer Hookup, Washer Hookup, Laundry Room
  • Style: Cabin
  • Development: 88 - CLR - Lake Marion Area
  • Year Built: 2007
  • Garage: 10-car Detached
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,952
  • Acreage: 1
  • Lot Desc: .5 - 1 Acre, 1 - 2 Acres
  • Water Front: Yes
  • Elem. School: St. Paul Primary
  • Middle School: Scotts Branch
  • High School: Scotts Branch
  • Pool: In Ground
  • MLS#: 25026072
  • Days on Market: 106 days
  • Website: https://www.raveis.com
    /eprop/25026072/3550princesspondroad_summerton_sc?source=qrflyer
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Listing courtesy of Carolina One Real Estate

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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3550 Princess Pond Road, Summerton, SC, 29148

$1,229,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $983,920 $983,920 $983,920
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.000% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.217% 6.098% 5.952%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,587 $5,899 $8,171
Total Monthly Payment $5,712 $6,024 $8,296

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.