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Waterfront Paradise on Historic Rainbow Lake - Discover a unique blend of history and modern luxury at 1212 Riveroak Road in Inman, SC. This expansive waterfront estate offers unparalleled value, featuring a primary residence and a fully independent guesthouse, all set against the serene backdrop of Historic Rainbow Lake. The main residence is a 2 bedroom, 1. 5 bath home designed for comfort and natural beauty. Two oversized bedrooms offer plenty of private space with a comfortable bath. On the main floor, a massive, light-filled sunroom provides breathtaking views of the lake and local wildlife. Warm up by the wood-burning fireplace or enjoy the convenience of an updated, sleek kitchen, walk-in pantry and a modern tankless hot water heater along with a full sized laundry room. Step outside into your own private outdoor resort. Relax in the cedar sauna before taking a dip in the sparkling in-ground pool. Enjoy a cocktail at the outdoor bar while watching the sun set over the lake. A massive 6-car garage provides endless space and storage. Two bays have been expertly converted into a climate controlled game room, complete with a pool table, piano, surround sound stereo and TV and a second bar for indoor entertaining. And perfect for a multi-generational setup or a high-potential long or short term rental, the property includes a completely separate 1BR/1BA fully furnished guesthouse. This secondary home features its own dedicated driveway and carport, ensuring total privacy for guests or tenants. This property is more than just a home; it is a lifestyle destination packed with potential. Whether you are looking for a peaceful retreat or the ultimate entertaining hub, this Inman neighborhood gem is ready for its next chapter. All appliances included. Schedule your showing today!
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Our Executive Mortgage Banker:
$449,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $359,200 | $359,200 | $359,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.324% | 6.398% | 5.614% |
| Monthly Tax Payment | $288 | $288 | $288 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,125 | $2,212 | $2,911 |
| Total Monthly Payment | $2,488 | $2,575 | $3,274 |
* 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.