This stunning, custom built, luxury, lake Keowee home is the perfect getaway that you have been searching for. At the southern tip of the lake, owners get to live only minutes from shopping, grocery stores and hospitals while still being in an exclusive, gated community that is tucked away for owner privacy. Sitting on the top of The Ridge at Lake Keowee, nestled within the gates of the treasured Backwater Landing, owners get to enjoy the amenities of an established community with the benefits of low maintenance living and luxury, custom, new construction and finishings. This home has every upscale feature you can imagine as well as the best waterfront views in the community. The open floor plan is welcoming for your guests and perfect for entertaining. Enjoy the expansive kitchen island, the dining area and covered porch while overlooking the gorgeous, emerald waters of Lake Keowee. The home is move in ready! This home has a fabulous and well functioning floorplan and stunning lake views. The large master bedroom has a dressing room, spacious walk-in closet, luxurious shower and dual sinks. The study on the main level can also be used as a second bedroom for your guests. The large flex room could be quite the space for movie nights and could qualify as a third bedroom or second master. There is ample storage space and a two car, attached garage. The regime fee is $636 a month for two people and includes sewer, trash, landscaping and much more. This amenity rich community was developed with vacationers and part-timers in mind. There are walking trails, boardwalks, a waterfront lodge, waterfront pool, beach area, fitness center, library, a billiards room and a marina. This home will have an available boat slip to lease on a new community dock that is to be built. The developer anticipates permitting very soon. The annual slip fee is $3, 000. If you have guests arrive by boat, they can purchase weekend tie up rights or even nightly access. No rentals allowed less than a 12 month term. A modified tax structure adds to the savings of this remarkable Lake Keowee property. When purchasing at The Ridge on Lake Keowee, you are purchasing the home itself and a 75 year auto renewable lease hold interest in the real property / land it is built on. This affords the developer the opportunity to price the home well beneath ALL other Lake Keowee waterfront, new construction homes. If you are looking to live a relaxing lake life with every creature comfort, look no further. Your new lakefront home is finally here.
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NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $622,400 | $622,400 | $622,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $205 | $205 | $205 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,141 | $4,137 | $5,337 |
Total Monthly Payment | $4,438 | $4,434 | $5,634 |
* 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.