RARE opportunity on stunning Lake Jocassee! Upstate South Carolina and Western North Carolina are home to beautiful lakes and mountains, but nothing compares to Jocassee. National Geographic touted Lake Jocassee as a Top 10 out of 50 "Last Great Places - Destinations of a Lifetime". This mostly undiscovered, 7, 500+acre mountain lake has less than 50 homes total on the deepest, clearest, coolest water around. You can go days without seeing other boats and the scenery is jaw-droppingly natural; surrounded by 50, 000 protected acres of Jocassee Gorges State Park and Duke Energy land. Topographically, one of flattest lots on the lake with a nearly 5-mile view across the water and into layered Blue Ridge Mountains. Imagine the possibilities with such a special lot. A tidy, well-kept 4 bedroom, 3 bathroom log cabin has been the destination of many good times and memory-making experiences. Too many updates/upgrades to list. It's also been a very successful rental over the years. Comfortable and functional layout with strong living space and a wonderful deck to take in the scenery. Another rarity on Jocassee; no tram is needed to get to the lower deck, pier, and covered dock. You can actually have a front yard at this approximately 2-acre estate lot with nearly 300' of lake frontage. There are dozens of waterfalls (Whitewater Falls is around the corner), as well as fishing, boating, and scuba diving for multiple generations to enjoy. A short drive to resort mountain towns of Cashiers and Highlands, under an hour to Clemson and just over an hour to Greenville. These opportunities are rare, so if you are interested reach out for a showing today.
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Our Executive Mortgage Banker:
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$2,790,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,232,000 | $2,232,000 | $2,232,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $399 | $399 | $399 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,477 | $14,292 | $19,597 |
Total Monthly Payment | $15,001 | $14,816 | $20,121 |
* 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.