Categories: Business NewsNewsReal Estate & Properties

Stunning $9.25 Million Home Sale Sets Record in Lake Murray

Stunning lakefront estate in Lake Murray with pool and dock

News Summary

Columbia has broken real estate records with the sale of a stunning $9.25 million home in Lake Murray. The estate features a 9,500-square-foot luxury house with various amenities including a pool and private dock. This sale nearly triples the previous record, marking a significant moment for the local market. The sale has drawn attention to the thriving real estate landscape in Columbia, with many new developments underway as demand continues to rise.

Stunning $9.25 Million Home Sale Sets Record in Lake Murray, Columbia

Columbia has officially made headlines with the sale of an extraordinary estate that has shattered previous records! A beautiful three-acre piece of paradise located at 218 Captain’s Watch Road in the Lake Murray region has sold for a whopping $9.25 million. This sale nearly triples the former record of $3.6 million, making it a noteworthy moment for the local real estate market!

About the Fabulous Estate

This isn’t just any run-of-the-mill property; we’re talking about a stunning 9,500-square-foot home that practically screams luxury. The estate also boasts superb amenities, including a dazzling pool, a private dock for all your boating adventures, a spacious 3½-car garage, a sweet little guest cottage, and even a charming greenhouse for those with a green thumb. And yes, the sale includes all furnishings, so you can walk right in!

This jaw-dropping sale was facilitated by Southern Visions Real Estate, the go-to agency known for making waves in the local market.

Who are the Players?

The previous owners of this magnificent estate were deeply rooted in the Lexington County business community. They took an incredible five years to construct their dream home, pouring heart and soul into every detail. The new owners are also part of the local business scene, ensuring that this home remains in the hands of someone who appreciates its value.

A Shifting Market

This record-breaking sale highlights just how hot the Columbia market has become. The Columbia multifamily sector, in particular, is seeing significant action, outperforming many other southeastern markets. Reports indicate a net increase of 28 new residents moving to the greater Columbia area each day. Talk about growth!

Commercial Developments and Listings

With such demand, occupancy rates in the multifamily market remained high at 90.6 percent in the last quarter of 2024. New residential developments are also underway, including exciting projects like the Landings at Hard Scrabble, Burnside Farms, and ONE at Columbia. The buzz doesn’t stop there; a stunning 94-acre property near Irmo featuring a historic home built in 1888 has recently been listed for $2.35 million.

Real estate isn’t the only sector on fire in Columbia! A medical investment property on the scenic Grand Strand was sold for $2 million, proving that opportunities are ripe all around. If you’re hungry for a night out, brace yourself for the opening of Champagne Lounge and Restaurant in Columbia’s vibrant Vista district. This establishment is set in a historic building that dates back to 1903, originally serving as the Seaboard Railroad Station. How’s that for character?

The Ripple Effect

Interestingly, Lou Kennedy, the president and CEO of Nephron Pharmaceuticals, sold her own lakefront home as part of the transactions linked to the record estate sale, showcasing how interconnected this community truly is.

The closing deal for the $9.25 million estate was finalized on March 25. Just a little over nine years ago, it was purchased by Kennedy in July 2014, before its spectacular transformation into a record-breaking haven. With amenities like a secluded location, pool, boat dock, and greenhouse galore, it’s no wonder that this property has become a standout in Columbia’s luxury market.

As the community continues to grow, with new families settling in daily, it’ll be exciting to see what other dazzling opportunities await in Columbia and the Lake Murray region!