Lake Keowee vs. Hartwell Lake

View looking over Hartwell Dam

View looking over Hartwell Dam

 

Lake Keowee vs Hartwell Lake…

We live in a day of comparison: automobiles, sports teams, computers, etc. so why not upstate SC lakes?  The two most prominent of course are Lake Keowee and Hartwell Lake.  Both lakes have plenty to offer with regards to recreation, fishing and camping. The buyer will have to decide which is best for them.  However, I am often asked how the two compare regarding the number and amount of yearly sales, sale price vs. list price, average price sold versus average price listed, and average days on market for water front properties.  I have researched the Western Upstate MLS for the answers to those questions and the results are listed below:

 

Lake Keowee shoreline home

Lake Keowee shoreline home

 

 

 

Information is pulled from WUAR and is a 6 month (semi-annual) snap shot of SOLD data from YTD 2014

Information is pulled from WUAR and is a 6 month (semi-annual) snap shot of SOLD data from YTD 2014

 

256 Parkview Drive,  Hartwell Lake $559,750

256 Parkview Drive, Hartwell Lake $559,750

Lot 49 Keowee Bay 147,000

Keowee Bay Lot 49, Lake Keowee $147,000

Lot 14 Oak Stone

Lake Keowee Oak Stone Shores Lot 14 $239,900

632 N Flagship on Keowee

632 N Flagship in Keowee Key, Lake Keowee $799,900

Peek, Gerald

REALTOR®, CCIM

 

 Gerald Peek

 (864)787 5151 Mobile

 (864)944 2400 Office

 geraldpeek@charter.net

 


Is Keowee Key the right place for you to live?

Is Keowee Key the right place for you to live?

Whether spoken or unspoken that is a question every prospective property owner has asked themselves numerous times and with good reason.

Front Entrance

Front Entrance

Keowee Key enjoys an exceptional location set against the lush backdrop of the Blue Ridge Mountains.  It is a unique, gated community on the shores of what many consider the most beautiful lake in the South.

Blue Ridge Mountains

Blue Ridge Mountains

Keowee Key is a self-governed community carved out of 1,600 acres with about 1.300 single family homes and 350 condominiums or town houses. Prices start at under $50,000 and go up to more than $1,500.000.  About one third are lakefront, others have mountain or golf course views while many are nestled among the beautiful woods for quiet enjoyment.

Lake Home

Activities abound in Keowee Key.

Keowee Key®

Keowee Key®

There are activities to match almost every interest imaginable.

Golf—Originally designed by George Cobb, Keowee Key’s golf course was recently rated in the Top 10 of Golf Digest’s top-rated courses of South Carolina.

 

Golf Green

Golf Green

Boating—Most lakefront homes have their own private docks.  There are five community dock locations with over 300 boat slips, placed strategically throughout the community.

 

Private Marina

Private Marina

Tennis—If tennis is your game, you will adore Keowee Key.  With over 300 competitive, active adult players, Keowee Key has produced over 30 USTA League Team titles, eight State titles, two Sectional titles and a National Championship.  Facilities include 14 clay, 4 synthetic grass and 2 hard courts, all lighted for night play.

Tennis Courts

Regulation Tennis Courts

Tennis Pro on Staff

Tennis Pro on Staff

 

 

 

 

 

 

 

 

 

 

 

Pickleball—The fastest growing racket sport in the US gaining a strong following at Keowee Key.  Four new, lighted courts are serving a growing population of enthusiasts of state—“it is fun and can be addictive.”

Pickleball Court

Pickleball Court

Fitness Center—With more than 45 fitness classes each week, the latest facilities and equipment, and professional personal trainers on staff, it’s easy to get or stay fit at Keowee Key’s Fitness Center.  In addition to all types of the latest machines and weight equipment, the facility features a 25-meter, heated indoor pool, racquetball courts, locker rooms, saunas and spas.

Indoor Pool

Indoor Pool

Modern Fitness Center

Modern Fitness Center

 

 

 

 

 

 

 

 

And Much More….The Club at Keowee Key features fine dining.  The Leisure Trail offers a 2.6 mile lighted and paved walking path along the shores of beautiful Lake Keowee.  Two outdoor swimming pools and several sandy beaches provide opportunities for a refreshing swim.  For the gardeners there is a community garden center with over 100 plots on which to grow fresh produce.  So whether fishing is your interest, hiking, reading, playing bridge or any number of things, there is a club or activity for you in Keowee Key.

Walking Path

Walking Path

Lush Gardens

Lush Gardens

 

 

Social and Game Clubs

Social and Game Clubs

Jim Van Senus

Jim Van Senus

1st CHOICE Realty @Keowee Key

REALTOR®

864.710.4012(cell)

 

jimvansenus@charter.net

 

 

 

 

 


Seven Reasons to Buy a Home in Keowee Key

Keowee Key is a gorgeous, gated community located along the shores of Lake Keowee in Upstate South Carolina. From the fun-filled amenities to the breathtaking scenery, here are just a few reasons why new residents often decide to call Keowee Key home.

  1. The Amenities
    While Keowee Key is located within hours of several major cities, it offers dozens of things to do right in your own back yard. It features a challenging 18-hole golf course considered to be one of the best in the state; 14 lighted tennis courts, including 8 clay, 4 synthetic grass, and 2 cushioned hard courts; a 2.6 mile walking trail; a state-of-the-art fitness center; 1 indoor and 2 outdoor swimming pools; 4 pickleball courts; a dog park; and much more.
  2. The Lake
    Of course, one of the biggest attractions in the neighborhood is Lake Keowee. Over 1/3 of the homes in the community have lakefront views, but all residents have access to any number of lake-related activities. It is the perfect spot for fishing, boating, tubing, kayaking, swimming, or spending a day with the family on a sandy beach.
  3. Security
    Safety is important at Keowee Key. The community is gated 7 days a week and provides patrols throughout the day. The District 17 Keowee Fire Department is located just outside of the gates, as well.
  4. Local Things to Do
    From history to culture, there are plenty of things to do near Keowee Key. The South Carolina Botanical Gardens are less than 20 minutes away. Clemson University’s Brooks Center for the Performing Arts is also close by. For history buffs, the Oconee Station Historic Site is about 15 minutes away.
  5. Convenient Services
    In addition to its world-class amenities, Keowee Key offers a number of convenient services to residents. These include bi-weekly refuse pick-up, recycling, hourly maintenance staff, boat storage, and boat maintenance services.
  6. The Location
    Keowee Key is conveniently located less than three hours away from several major cities and airports, including Atlanta, Charlotte, Columbia, and Greenville.
  7. The Homes
    Keowee Key is home to a wide variety of custom-built homes. Residents can choose from lakefront homes, homes on the golf course, or homes with beautiful views of the surrounding forests and Blue Ridge Mountains. Condominiums, cottages, and townhomes are also available.

To learn more about life in Keowee Key and see homes for sale in the community, contact 1st Choice Realty at 866-373-2258.


Tennis at Lake Keowee

Things To Do In Keowee Key

Keowee Key is a beautiful place to live, but it is also a very active community with dozens of amenities, activities, and ways to get to know your neighbors. Some of residents’ favorite things to do include:

Water Sports

Because Keowee Key is located on the 18,500-acre Lake Keowee, water sports are a major attraction for active residents. Wakeboard, waverunning, tubing, kayaking, bass fishing, boating, and sailing are just a few of the ways you can spend a day out on the lake. Boat storage space is also available within the community.

Golf

Golf Digestranked the 18-hole golf course at Keowee Key as one of South Carolina’s Top 10 Courses in 2006. The par 72 course is environmentally-friendly, yet challenging, and features a full-time golf pro, a pro shop, golf carts, locker rooms, a putting green, a driving range, and a chipping and bunker area for practice.

Racquet Sports

Places to play tennis, racquetball, table tennis, and even pickleball can all be found around Keowee Key. The fitness center has two racquet ball courts and table tennis. The tennis facility is home to 14 lighted courts and hundreds of USTA league tennis members play there. Four lighted pickleball courts are also located within the community and they often host tournaments.

Walk

The 2.6-mile paved leisure trail winds around the lake, gazebos, and beautiful gardens, making it the perfect place for an evening stroll. If you prefer, you can pack a picnic and take advantage of the grill and pavilion located along the path.

Swim

Residents love to spend summer days playing along the sandy beaches of Lake Keowee or swimming in its clean, top-quality waters. Two outdoor pools with amenities like cabanas, umbrellas, and a snack bar are located within the community. An indoor 25-meter heated pool is also available year-round.

Social Activities

If you want to make friends with your neighbors, get involved in one of the dozens of social activities offered in Keowee Key. These include art classes, crafts, garden clubs, dining clubs, fitness classes, dance classes, organized games, outdoor activities, Bible study, book clubs, and more.

To learn more about Keowee Key, contact 1st Choice Realty at 866-373-2258.


Buy Now Thru Your 401K (Buy Your Retirement Home Now)

Buy now thru your 401K-People looking for a way to invest now for their retirement home or land should consider a Self Directed IRA or 401(k) s. This allows for a wide variety of investment options ranging from metals to real estate. People no longer have to worry about making risky investments, such as the stock market. The problem with the stock market and other types of risky investments is that someone else is in complete control of the money and it can disappear quickly. When people take use all of the legal forms of investing with a Self Directed IRA or a Self Directed Roth IRA they will see a nice return, will not have to pay taxes and they are in complete control of what they do with their investments.

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Imagine being able to invest in things that are almost guaranteed to increase by several folds in the coming years.. People can buy now thru your 401K vacation or retirement home of their dreams, whether it is in the United States or an exotic island across the world and be eligible to move in tax free at the age of 59 1/2. This would be an awesome adventure, considering how many people have to pay a substantial amount of tax when they close on a house that does not even feature everything they want.

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These are one of the few types of investments that allow people to not have to pay taxes.

People can also use Self Directed IRA real estate to invest in some rental properties. Imagine being able to turn a profit on a yearly basis by renting out to local people. Then if they decide to cash out at the eligible age they will not be taxed on the money invested in the property.   The beauty of “buy now thru your 401K” is that your IRA/401 k will pay the home owners association fees, the taxes and other fees associated with maintaining the property.

http://www.youtube.com/watch?v=tVy9-uDEgSY&noredirect=1

Part of the reason that this type of investment in the tax-deferred retirement plans is not better known is the fact that most banks, brokerage firms or fund companies do not permit clients to invest in real estate. It’s only been over the past fifteen to twenty years that we have seen the emergence of custodians specializing in alternative investments.

Many investors mistakenly believe that these types of investments in real estate are not permitted by law or IRS Code. The truth is that there are only three types of investments explicitly prohibited in IRAs by statute-life insurance, collectibles, and Sub-Chapter S Corporations. Solo 401 (k)s have no explicit prohibitions on specific investments at all. So buy now thru your 401K!

Invest in a Wide Variety of Property Types

Buy Now Thru Your 401K -There is a wide range of types of real estate that can potentially be held in an IRA/Solo 401(k). The range may vary from custodian to custodian some research will be required to find a custodian who has the knowledge, experience and expertise to provide services required to hold the following types of properties in Self-directed IRAs/Solo 401 (k)s:

  • Raw land (now is the time to buy foreclosed lots)
  • Pre-construction
  • Residential Property
  • Condominiums
  • Condo-tels
  • Multi-family units
  • Commerical Property
  • Apartment Buildings

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Regardless of the type of property purchased, IRA owners should be aware that there needs to be enough funds in the IRA or income coming into the IRA to take care of the annual expenses such as taxes, insurance, repairs, maintenance, etc. It addition, these expenses cannot be paid by the IRA owner outside the IRA without risking the potential for a taxable distribution of the real estate with corresponding penalties.

Owning Real Estate in an IRA has its Limitations

Using IRA funds in real estate is not for everybody. There are certain restrictions and prohibitions which you need to understand before considering this type of purchase. The fundamental thing is that the IRA account owner must understand that the property is held by the IRA/401 (k) and that the account owner cannot receive any benefit from the investment. Buy now thru your 401K is a super way to purchase a retirement home and use it as a rental until you are ready to retire, but I encourage you to consult your tax and legal advisors to insure that the transaction does not violate any of the prohibited transaction rules.

http://www.irafinancialgroup.com/use-your-solo-401k-to-purchase-real-estate.php?gclid=CPaf4qKOl7sCFcTm7AodXAgAow

I am not an expert on this subject and if they are thinking of doing it, they had better make sure they contact a custodial 401K company to handle the transaction for them-but gheez seems like a no brainer to me.

Disclosure: Contact your accountant or financial advisor for further advice

RBaxter

 Renee Baxter

 Cell: 864.710.4645

 renee@reneebaxter.com