Lake Marion Waterfront Duplex - $155k Equity Potential

ActiveMulti FamilyAssignment

Requested Close: 2026-06-30

About this property

Prime Lake Marion waterfront opportunity! This 4-bedroom, 3-bathroom property features a flexible 1,488 sqft layout currently utilized as a duplex with a private secondary entrance. With an ARV of $505,000 and only $30,000 in estimated repairs, this deal offers over $125,000 in potential equity. The property includes a shared dock on a protected cove, perfect for short-term rental or a premium fix-and-flip in a sought-after resort and golf community.

5 Beds3 Baths

$345,000

ARV$505,000

Est. Repairs$30,000

Potential Profit$130,000

Repair Notes

Many updates and repairs complete, good condition. Currently used as duplex but easily recombined into single family. Tenants on a month to month lease.

AI Property Analysis

Summary

This prime waterfront duplex-style residence at 1051 Huran Ln in Santee, SC, offers a rare investment opportunity directly on the shores of Lake Marion with its own shared dock. Currently available as an assignment deal for just $345,000, the property provides an immediate and substantial equity cushion against a projected ARV of $505,000. This high-demand asset is perfectly configured for a lucrative short-term rental or vacation home strategy, allowing investors to capitalize on the enduring strength of the lakefront market. With a spread of over $130,000 and a history of higher valuations, this deal presents a premier opportunity to capture significant upside in a top-tier recreational destination.

Est. ARV

$505,000

midpoint

Avg DOM

112

days

Equity Spread

$130,000

est. profit

Est. Rent

$2,400

/ month

Annual Taxes

$2,031

est.

Flood Zone

Zone AE (High Risk - Lakefront)

FEMA

Distress Flags

None

Clean

Comparable Sales

Address	Bed/Ba	Sqft	Sale Date	Sale Price
1041 Huran Ln, Santee, SC(0.05mi) Zillow ↗Realtor ↗	2/2	1,000	2024-04-15	$318,000
Subject Property (Prior Sale)(0mi) Zillow ↗Realtor ↗	4/3	1,488	2024-04-09	$479,900
4bd Comp near Lake(0.8mi) Zillow ↗Realtor ↗	4/3.5	2,200	2026-05-19	$499,900

This property analysis is for 1051 Huran Ln, Santee, SC, a waterfront duplex-style residence on Lake Marion.

1) Snapshot

Property Type: Multi-Family (Duplex-configured Single Family)
Size: 1,488 sqft (per Tax Records)
Lot Size: 6,970 sqft (Lakefront - Chapel Branch cove)
Year Built: 1978
Status: Assignment Deal ($345,000)
Last Verified Sale: $479,900 on 2024-04-09 (Significant price variance noted).

2) Local Market Insights

Market Hotness Score: 42/100
- Buyer’s Market: Santee is currently oversupplied with 120+ active listings and a high median Days on Market (DOM) of 97–127 days.
- Price Trends: Median sales prices in 29142 have declined ~7.7% year-over-year as of March 2026.
- Liquidity Risk: Waterfront moves faster than inland, but the overall market is slow.

Market Pulse

The Santee market is currently a "Cool/Buyer's Market." While high-end waterfront inventory remains desirable, the average home takes nearly 4 months to sell. List-to-sale ratios are averaging 92-95%, meaning investors should expect to negotiate or price aggressively for a quick exit.

5) Valuation

ARV Range: $485,000 – $525,000 (Midpoint: $505,000)
- Note: High-end finishes and the duplex configuration (STR play) justify the upper end.
As-Is Range: $320,000 – $360,000 (Midpoint: $340,000)

6) Repair Estimate ($30,000 - $45,000)

The seller's $30k estimate is likely for cosmetic "lipstick" only. For a 5-bed waterfront duplex to reach $505k ARV, expect the following:

Cosmetic (Paint/Flooring): $12,000 (Interior/Exterior wood siding touch-ups).
Kitchen/Kitchenette: $10,000 (Modernizing two cooking areas).
Bathrooms: $8,000 (Updating 3 baths).
HVAC/Roof: $0 - $5,000 (Last updated 2012; check for coastal wear).
Dock/Exterior: $5,000 (Deck staining and shared dock maintenance).
Total: $35,000 - $45,000 for "Investor Grade" finish.

7) Rental & Cashflow

Long-term Rent: $2,200 – $2,600/mo (Total for both units).
Short-term Rent (STR): High potential. Waterfront 4-5 bedroom units in Santee can generate $350-$500/night during peak golf/fishing season.
Est. STR Gross Annual: $45,000 - $55,000 (at 40% occupancy).

8) Taxes, Liens, Distress Signals

Assessed Value: $316,054 (2024 Tax Estimate based on Realtor/Orangeburg Assessor records).
Annual Taxes: $2,031 (2024 Actual).
Distress Signal: The property sold for $479,900 in April 2024. Being offered now at $345,000 suggests a failed flip, a significant structural discovery post-purchase, or a "fire sale" by an investor who over-leveraged.
Lien Status: Not confirmed; request a title search immediately.

Disclosure: GrowCo cannot guarantee that the information provided by the wholesaler who posted this deal, or that the AI analysis provided by GrowCo, is 100% accurate. It is designed for a quick glance of information only. Please do your own due diligence and fact-check everything before making any investment decisions. We wish you the best of luck on your search for great deals.