All real estate is not created equal, and this is certainly true with waterfront property on Lake Murray South Carolina. Understanding what to look for can help in the decision making process and can also help to ensure years of enjoyment from your lake-front home. For most people, the three critical factors to consider when purchasing water-frontage on Lake Murray are whether it has fringe-land, whether the property can have a private dock, and whether it has year-round water.
The first critical factor is fringe-land. Fringe-land is a term used by SCE & G (South Carolina Electric and Gas) which basically refers to a seventy-five foot wide strip of land which is owned by SCE & G and lies between the edge of the lake and the adjacent waterfront property.
Owners of the adjacent property only have foot access to the lake and are restricted from encroaching upon the land or cutting trees or shrubs on the land without written consent. While the majority of properties on the lake do not have to contend with this "vegetative buffer", there are still many properties in the more rural areas of the lake where this is a consideration. Generally, properties free from fringe-land are more desirable.
The second critical factor is the ability to have a private dock. Not all Lake Murray properties can have private docks. SCE & G controls dock permitting, and they have strict guidelines governing permit issuance. Properties that have the ability for a private dock are in more demand and typically command a higher price than those with only a shared dock or with no dock at all.
The third critical factor is whether the property has year-round water. With Lake Murray being a hydro-electric lake, it has an annual draw-down in the fall and winter. The result for land owners is that some properties might be "dry" during the low period. Unfortunately, most real estate agents do not understand how to properly evaluate this aspect of lake properties.
Often times properties will be presented as having year-round water, but they do not. This is not usually intentional deceit on the part of the listing agent, but usually just a lack of skill. If you plan on purchasing a home or lot on Lake Murray, be sure your real estate agent can do a USGS based depth analysis on any property of interest.
When buying any real estate, you should perform proper due diligence. Now you have an idea of what to look for when considering making a purchase on Lake Murray South Carolina. See you on the lake!