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Perfectly positioned within the prestigious Reserve at Lake Keowee, this 1. 35 acre waterfront estate lot offers a rare blend of drama, privacy, and natural beauty. As one of the last buildable and truly special lakefront properties remaining in the community, it presents a once-in-a-generation opportunity to create a legacy home in an extraordinary setting. Unlike the gentler homesites found elsewhere, this property features dynamic topography that elevates the building envelope, allowing a future residence to command unreplicable long-range lake views that simply cannot be duplicated on flatter terrain. Its south/southwest-facing prominence ensures exceptional natural light throughout the day and unforgettable sunsets. The shoreline has been thoughtfully protected with hand-selected natural materials that blend seamlessly into the landscape, preserving both beauty and stability. A full covered dock is already in place, providing effortless access to consistently deep, navigable water in every season. Tucked into a quiet cove, the homesite enjoys the soothing presence of a natural waterfall and the calm of water sheltered from main-channel wakes and boat traffic, an extraordinary setting environment for swimming, paddling, or simply enjoying the stillness. Mature hardwoods frame the property, offering privacy while still allowing panoramic views to unfold from multiple vantage points. The lot’s scale and elevation provide a remarkable canvas for architectural creativity, whether your vision leans toward a modern lake lodge, a timeless craftsman, or a refined mountain retreat. This property includes a full convertible membership, giving the buyer flexibility to choose their preferred level of community involvement. A separate non-refundable membership initiation fee is required with purchase, unlocking access to The Reserve’s world-class amenities, including the Jack Nicklaus Signature Golf Course, the Orchard House, marina, fitness and wellness facilities, racquet sports, hiking trails, and a vibrant year-round social scene. 132 S Falls Rd is more than a homesite, it is a rare and irreplaceable offering, where dramatic elevation, protected deep water, long-range vistas, and a natural waterfall converge to create one of the most exceptional remaining lakefront opportunities in The Reserve at Lake Keowee.
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Our Executive Mortgage Banker:
$950,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $760,000 | $760,000 | $760,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.375% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.411% | 6.487% | 6.309% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,618 | $4,741 | $6,465 |
| Total Monthly Payment | $4,710 | $4,833 | $6,557 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.