Area:
Lake Greenwood - Greenwood Waterfront
Subdivision:
NOT IN SUBDIVIS
Apx Total Acreage:
5
Acreage Range:
4 - 5.99
Apx Water Frontage:
192
Public Remarks:
Welcome to one of the most compelling development tracts on Lake Greenwood. This approximately 5-acre waterfront property, zoned WD (Waterfront Development), presents an exceptional opportunity for developers and investors to create a boutique residential or mixed-use destination. With 192.5 feet of shoreline, expansive long-range views across deep, clear water, and public water, sewer, and natural gas available, this property offers the flexibility and potential that few sites on the lake can match. Set on the desirable Greenwood side of Lake Greenwood, the property features a gently sloping terrain ideal for tiered or elevated construction that maximizes the water views from every future residence, terrace, or commercial space. This location also benefits from being close to the dam, where the water is known to be cleaner, clearer, and deeper, enhancing its appeal for boating, recreation, and lakeside enjoyment. With WD zoning, this tract is approved for a wide range of uses including condominiums, townhomes, commercial spaces, or a thoughtfully planned mixed-use lakefront village. The zoning encourages responsible development that aligns with the natural beauty of the lake while offering the freedom to create vibrant, functional spaces that serve both residents and visitors. A major advantage is that this property lies within an Opportunity Zone, offering significant tax incentives and capital gains advantages for qualified investments. This adds a strategic financial layer for developers looking to maximize ROI in a high-demand waterfront market. Existing structures on the property include a large 40' x 60' metal commercial-style building with a storefront, concrete floors, and roll-up bay doors—well-suited for a future sales center, amenity facility, or storage. Two additional storage buildings, 30' x 100' and 30' x 85', are also on-site, offering space that could be converted for use during construction or as part of a future development vision. These could provide valuable square footage and infrastructure for staging or repurposing. Public water, sewer, and natural gas are available—making utility connection both accessible and efficient. This allows for faster development timelines compared to many raw tracts in the region. Positioned just off Hwy 34, the site offers high visibility and easy access to town amenities while maintaining the natural serenity of the lake. The area is surrounded by established neighborhoods and multifamily communities, reflecting the strong and growing demand for low-maintenance lakefront living options like upscale condos or townhomes. With its deep water, panoramic views, flexible zoning, proximity to utilities, and Opportunity Zone designation, this is one of the last truly turn-key lakefront development opportunities available on Lake Greenwood.
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