SALEM, S.C. — A lakefront estate in The Cliffs at Keowee Falls has gone on the market for $11.995 million, a price that would set a new high for a single home sale in the Upstate if a buyer pays close to asking, according to The Post and Courier.
The five-bedroom, roughly 9,500-square-foot house at 686 Crystal Cove Trail sits on 1.1 acres with about 900 feet of shoreline at the tip of Arrowhead Point, a peninsula bordered by water on three sides, the newspaper reported. Built in 2017 by The Carver Group, the home has been listed since early October by Justin Coleman of Cliffs Realty, who called the property “a true point lot” on the lake’s main channel with views toward the Blue Ridge Mountains. Features include a four-season porch, a private guest apartment, a theater, a wine cellar, a gym and a hot tub.
The listing joins another eight-figure Lake Keowee offering. In early October, The Post and Courier reported that a six-bedroom home under construction at 218 Hermitage Drive in The Cliffs at Keowee Springs, near Six Mile in Pickens County, was listed at $12.75 million, with completion expected in February 2028. The current Upstate record for a single residential sale is $10.099 million, paid in March 2025 for 473 Peninsula Ridge in Old Edwards Reserve on Lake Keowee, according to the newspaper. The region’s first $10 million home sale closed in October 2024 in The Cliffs at Keowee Springs.
Limited supply is a major factor behind the rising asking prices. Coleman told The Post and Courier he knows of no large undeveloped tracts left on Lake Keowee, and The Cliffs has no new property releases planned. Demand has come from buyers across the country, including the West Coast, Texas, Chicago and Florida, the newspaper reported, and more than 60% of homeowners at The Cliffs at Keowee Springs now live there full time rather than seasonally. Coleman estimated that some existing Cliffs estates in Keowee Falls, Keowee Vineyards and Keowee Springs could bring $15 million or more if their owners chose to sell.
For owners of high-end lakefront property in Oconee and Pickens counties, the two listings suggest the ceiling on Lake Keowee prices is still rising. For developers and investors, the lack of large undeveloped lakefront parcels means new luxury supply on the lake is likely to be scarce, leaving existing homes and resale lots to meet out-of-state demand.
Whether either listing actually sets a record depends on the final sale prices, which have not been determined. Asking prices at the top of the market can differ from what buyers ultimately pay.
Sources: The Post and Courier, The Post and Courier
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