Lake Keowee real estate surges due to wealthy buyers

The real estate market at Lake Keowee in South Carolina is experiencing record sales. Prices are rising, driven by affluent newcomers and bigger, pricier homes being listed for sale. One standout property is a six-bedroom mansion at 125 Scenic Crest Way, which is listed for $8.9 million. This home is special because it was designed around a sculpture named "Casa Blanca" by artist Raul Diaz. The house offers stunning views and high-quality materials, making it unique in the market. In the past few years, the area has seen homes sell for higher prices. In 2022, sales broke previous records, with homes selling for up to $6.27 million. Recently, a home sold for $10 million, and even larger sales have occurred. This trend shows how quickly prices are climbing. The demand is fueled by wealthy buyers, especially after the pandemic. Many are looking for luxurious homes in prime locations. There is also increased interest from international buyers. The market is competitive, with high interest in properties priced between $8 million and $10 million. However, not all listings will sell at these prices. Sellers are trying to take advantage of the current market, but there's no guarantee of success. Experts say that buyers are very selective, focusing on quality and fit rather than just the price. Finding the right home is key, especially in a market with such high expectations.