885 Martin Luther King Rd.
Pawleys Island, 29585
$1,395,000
Estimated monthly payment
$8,042/mo
Est. 20% down, 6.5% rate, taxes, insurance. Not a loan quote.
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About this property
Rare opportunity for builders/developers to secure fully entitled lots in the Pawley's Island market where supply cannot keep pace with demand. Permitting in hand for a private/public road, sewer, wetlands mitigation and storm water. This is a tightly constrained market with minimal competition. Very limited available inventory and strict development regulations make new lots hard to come by. The location is golf cart accessible to the beach, dining and retail creating major buyer appeal. As Pawley's Island continues to see strong demand from buyers seeking coastal lifestyle properties this 9-lot minor subdivision is ideal for spec home builders seeking premium coastal lots and developers looking for manageable-scale projects with strong absorption. If you are looking for premium coastal inventory in a proven beach location, then this is it.
What stands out
From the MLS listing description
- Rare opportunity for builders/developers to secure fully entitled lots in the Pawley's Island market where supply cannot keep pace with demand.
- Permitting in hand for a private/public road, sewer, wetlands mitigation and storm water.
- This is a tightly constrained market with minimal competition.
Facts & features
- Status
- Active
- Property type
- Acreage lot
- Lot size
- 3.50 acres
- Subdivision
- None
- County
- Georgetown
- Days on market
- Listed today
- HOA
- None
- MLS #
- 2619896
Verified MLS features
Structured features reported in the MLS.
- Water Public
Property PulseLocal market contextMarket context without a comparable cohort.
Forturro does not have a reliable structured construction classification for this home, so it is not presenting a mixed comparable set. Market context is informational and does not replace a property-specific analysis.
Property & area research
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Need property, flood, wetlands, zoning, permit, or nearby-development research?
Property, flood, wetlands, zoning, permit, and development information should be independently verified. Forturro makes no legal, flood, wetlands, zoning, permit, deed, ownership, or development-status determination.
Local context
Nearby active homes — this home + 12 nearby for sale
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Estimate your payment
Estimated total monthly
$8,042/mo
$7,054 principal & interest · $988 taxes & insurance
Loan amount $1,116,000. Estimate only — taxes, insurance, and HOA are approximate. Not a lending quote.
MLS #2619896 ·
Data source: Coastal Carolinas MLS. Information is deemed reliable but not guaranteed.