Lake Hartwell Villas – 114 Units

Waterstone Multi-Housing Advisors is pleased to present Lake Hartwell Villas located at 10 Kinston Manor Drive in Westminster, SC. Lake Hartwell Villas was built as an upscale timeshare development in the mid 1980’s and consists of 31 total buildings (a mix of duplex and quadplex), as well as a clubhouse. There are 114 total units, 106 are 2 bed 2 bath, 4 are 1 bed 1 bath, and 4 are 3 bed 2.5 bath.

The property is currently vacant and is undergoing a tremendous renovation. Phase 1 of renovations included 18 units completely finished with 40 units 90% complete. Phase 2 consists of the remaining 56 units, which have work done to provide water, sewer, electric, and new roofing. The remaining units still need interior cosmetics finished and some exterior wood work and painting. Renovations are on-going and the property will be sold as-is.

Finished units feature new roofs, new exterior paint with grey siding and light grey trim and accents, painted and stained decks, new interior paint, new HVAC units, new stainless range, dishwasher and microwave, new stack washer and dryer, new LVP waterproof flooring throughout, new quartz countertops, new oil rubbed bronze light fixtures, new faucets in brush nickel finish, new electric fireplaces, and new interior & exterior six panel doors.

The clubhouse includes state of the art amenities such as a large inground pool with hot tub, picnic area with grill, gas fire pits, corn hole, horseshows, pool table, gym, meeting room, bar & restaurant, office and RV/Boat storage at an additional cost. The clubhouse is not yet finished.

This property is located South of Westminster and on the North West side of Lake Hartwell. The property sits less than 1 mile from the water front. Lake Hartwell is a man-made reservoir bordering Georgia and South Carolina and is one of the Southeastern United States’ largest recreation lakes, comprising of 56,000 acres of water with a shoreline of 962 miles. Lake Hartwell is known for water sports, boating, fishing, swimming, camping, and wildlife.

Westminster, SC has recently become home to a number of different industrial companies which are adding jobs to the area. The property sits less than 10 miles from Oconee Industry and Technology Park, which is a fully master planned park with over 150 buildable acres. The growing businesses serve Greenville, Charlotte, and Atlanta. Impact Housing Group is the newest manufacturer to establish operations in Westminster. In August 2022 they announced a $30 million dollar manufacturing plant which is expected to create 215 jobs.

This is a golden opportunity for an investor looking to complete a resort-like property in a beautifully secluded area of Upstate South Carolina which will serve as workforce housing and recreational/vacation units.

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