Property listing for 393 Fall Creek Road, Salem, SC 29676
For SaleVacant Land

$600,000

393 Fall Creek Road, Salem, SC 29676

29.99-Acre Fall Creek Parcel Minutes from Lake Keowee

Partially cleared acreage with well, septic and road frontage

29.99 acres

Lot

About 393 Fall Creek Road

What distinguishes 393 Fall Creek Road is scale and location: nearly 30 acres with direct frontage on Fall Creek Road and easy proximity to Lake Keowee. The parcel is partially cleared, offering immediate sightlines for potential home sites while preserving wooded sections that provide privacy and natural character. A buyer with development aspirations or a family seeking a private country compound will appreciate the usable acreage and multiple potential points of access.

Utilities are on the property profile—water described as well, sewer as septic, propane for fuel, and electric availability—giving a practical head start for builders and owner-builders. Topography is gently variable rather than steep, and the partially cleared areas suggest easier initial site work compared with fully wooded tracts. The property’s zoning is listed as unrestricted vacant land under Oconee County jurisdiction, which broadens allowable uses to residential, recreational, or certain commercial possibilities (verify with county planning for specifics).

Recreation and lifestyle are immediate selling points: Lake Keowee sits roughly 1.5 miles away and Lake Jocassee about 5 miles, while The Cliffs at Keowee Falls golf course is approximately 2 miles from the parcel. These nearby anchors make the land attractive to lake enthusiasts, weekenders, and those seeking a rural retreat with high-value outdoor access. Local schools in the Oconee County district (Tamassee-Salem Elementary, Walhalla Middle, Walhalla High) have solid ratings that support family use.

Market context and financial notes to consider: the parcel has been actively marketed in recent years with listing activity around $585,000–$600,000 and an assessed value far below market ($3,456 for 2025 with annual taxes of $1,113). Comparable acreage sales in the immediate area vary, reflecting the premium buyers place on lake proximity and turnkey buildability. Buyers should evaluate environmental setbacks or watershed overlays given the closeness to major lakes, and confirm permitted uses with county officials.

In short, 393 Fall Creek Road offers an uncommon combination of scale, accessibility, and recreational adjacency in Oconee County. Whether you are planning a private estate, a cluster of homes geared to lake living, or a long-term hold for appreciation, this parcel places Lake Keowee lifestyle and upstate recreation within easy reach.

Home Highlights

29.99 acres with road frontage on Fall Creek RoadPartially cleared — immediate potential building sitesWell and septic noted; propane and electric available1.5 miles to Lake Keowee; 2 miles to Keowee Falls golf courseUnrestricted vacant land zoning in Oconee County

Property Features

Interior Features

  • Vacant land — no interior improvements
  • Partially cleared sites suitable for build pads
  • Topography: gentle to rolling — easier site prep

Exterior & Lot

  • 29.99 acres with Fall Creek Road frontage
  • Mixed wooded and cleared acreage
  • Existing well indicated
  • Septic system indicated
  • Propane fuel available; electric service available

Location & Neighborhood

  • 1.5 miles to Lake Keowee
  • 5 miles to Lake Jocassee
  • Approximately 2 miles to The Cliffs at Keowee Falls golf course
  • Within Oconee County and Oconee County School District
  • Rural-lakeside community character

Walkability & Recreation

  • Walkability Rating: 30/100 — Car-Dependent
  • Lake Keowee (1.5 mi) and Lake Jocassee (5 mi) for boating and fishing
  • Cliffs at Keowee Falls Golf Course (approx. 2 mi)
  • Hiking and biking opportunities within 5 miles
  • Neighborhood green spaces and water-access recreation nearby

Neighborhood & Location

Salem and its surrounding Oconee County neighborhoods are defined by lake-oriented recreation, rolling wooded parcels, and a slower-paced rural lifestyle with easy access to major lakes. The area attracts buyers seeking boating and fishing on Lake Keowee and Lake Jocassee, plus golfers drawn to nearby private courses. Small-town amenities and above-average Oconee County schools support family living, while proximity to larger Upstate centers provides dining and services without sacrificing privacy.

Market Insights

This micro-market around Salem/Oconee County is favoring sellers right now. Median sale prices in the immediate area were reported at roughly $660,000 (February 2025) with documented appreciation of approximately 169.4% year-over-year—an unusually strong short-term spike driven by demand for lake-adjacent homes. Inventory data and average days-on-market were not provided in the research set, but multiple active and expired listings for this parcel indicate there is buyer interest tempered by financing and site-specific considerations. Large acreage and vacant-land transactions typically trade slower than turnkey homes, but when a tract offers lake proximity and utility access, buyer competition intensifies.

Comparable sales show a range in acreage pricing—larger 39-acre tracts with water frontage commanded premium pricing (one nearby sale at $885,000), while smaller acreage parcels have sold for substantially less. Valuation modeling gives this parcel an estimated value range of roughly $500,000–$600,000, aligning with recent list activity at $600,000. For developers and investors, this is a window to acquire near-lake acreage before demand further compresses supply; for end-users, current market momentum supports acting decisively but also performing environmental and zoning due diligence, particularly given potential watershed protections near Lake Keowee and Lake Jocassee.

Nearby Schools

Tamassee-Salem Elementary School

Elementary

8/10

Walhalla Middle School

Middle

7/10

Walhalla High School

High

5/10

Walkability & Recreation

30
Walkability
85
Recreation

Excellent access to lakes and golf: Lake Keowee is about 1.5 miles away, Lake Jocassee roughly 5 miles, and The Cliffs at Keowee Falls golf course sits approximately 2 miles from the parcel — strong options for boating, fishing, hiking and golf.

Investment Highlights

  • 29.99-acre parcel with development potential
  • Proximity to Lake Keowee (1.5 miles) and Lake Jocassee (5 miles)
  • Located within a rapidly appreciating real estate market
  • Partially cleared land with direct frontage on Fall Creek Road
  • Nearby recreational facilities, including The Cliffs at Keowee Falls Golf Course

Key Findings

  • Assessed value of $3,456 with annual property taxes of $1,113 for 2025
  • Multiple listings in recent years, with the most recent at $600,000 in March 2024
  • Median home price in Salem as of February 2025 was $660,000, a 169.4% year-over-year increase
  • Located within the Oconee County School District with above-average school ratings

Things to Consider

  • Property has been listed multiple times without sale, indicating potential market challenges
  • Assessed value significantly lower than listing price, which may affect financing options
  • Potential development restrictions due to proximity to lakes and environmental considerations

Opportunity Analysis

Large acreage parcel near major lakes with development potential in a rapidly appreciating market.

Potential Use Scenarios

  • Residential development targeting lake enthusiasts
  • Recreational facility development leveraging proximity to lakes
  • Hold for appreciation given market trends

Risk Factors

  • Multiple listings without sale may indicate market resistance
  • Potential environmental restrictions due to proximity to lakes
  • Assessed value significantly lower than listing price

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$500K

Midpoint

$550K

High

$600K

75% confidence

Sales comparison approach using recent listings and expired listings in the area. Adjusted for lot size and proximity to Lake Keowee.

As of 2026-03-07

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$660,000
1-Year Appreciation+16.9%

Demographics

Salem, SC has experienced steady growth due to its desirable location near major lakes and recreational areas.

Nearby Points of Interest

  • Lake Keowee (1.5 mi)
  • Lake Jocassee (5 mi)
  • The Cliffs at Keowee Falls Golf Course (2 mi)

Proximity to major lakes and recreational facilities enhances the property's appeal for development.

School District

DistrictOconee County School District
ElementaryTamassee-Salem Elementary School (8/10)
MiddleWalhalla Middle School (7/10)
HighWalhalla High School (5/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Lot & Site

Lot Size29.99 acres (1,306,804.4 SF)
Topographypartially cleared
FrontageFrontage on Fall Creek Road

Utilities

Waterwell
Sewerseptic
Electricavailable
Gaspropane

Zoning & Land Use

Zoning CodeVacant Land
DescriptionUnrestricted
JurisdictionOconee County

Allowed Uses

residentialcommercialrecreational
Current Usevacant
Assessor UseVacant Land

Tax & Sale History

Tax Assessment

Total Assessed$3,456
Land$3,456
Improvements$0
Annual Tax (2025)$1,113

Sale History

2024-06-29$600,000

Expired listing on MRED #11994762

2024-03-02$600,000

Listed on MRED #11994762

2023-10-18$585,000

Listed on Greater Greenville AOR #1511322

2022-07-01$599,999

Listed on WESTERN UPSTATE MLS #20252776

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