101 Lake Drive
Summerville, SC, 29483 $ 550,000
Bedrooms8 Baths7.0 Sq 2,917 Monthly Estimate*
$ 3,473
for $550,000 with 8 bedrooms and 7 full baths. This 2,917 square foot home was built in 1989 on a lot size of 1.23.
Welcome to 101 Lake Drive, a rare investment opportunity in Summerville's established Pinehill Acres neighborhood. Tucked between the everyday conveniences of the Old Trolley Road corridor and the shops and restaurants of Historic Downtown Summerville, this address keeps tenants close to daily essentials while putting downtown Charleston just a 25-minute drive away. For an investor eyeing a room-rental or house-hack strategy, few Lowcountry properties offer this combination of space, privacy, and upside -- all within reach of Summerville's small-town charm and Charleston's big-city pull.This renovated resale delivers a layout built for flexible income: 2,907 square feet holding 8 bedrooms and 7 bathrooms, split between a full kitchen and a separate kitchenette. That configuration gives an investor real options for room-by-room rental, a multi-generational house hack, or a segmented rental strategy without the cost of new construction -- and the same layout would suit a large family just as well, with room to spread out and end the morning bathroom line for good. Outside, the property sits on 1.2 private acres in Summerville, SC -- enough land to support a genuinely rare amount of off-street parking, an important detail for any multi-tenant rental where residents each need their own spot. A 510-square-foot outbuilding adds dedicated storage for tools, lawn equipment, or tenant overflow, while a concrete slab on the property opens up options few listings can claim -- big enough for a helicopter pad, a basketball court, or parking for a full house of friends and family. The acreage itself also buffers the home from neighbors in a way that's increasingly hard to find in Pinehill Acres and the surrounding Summerville market. The backyard pool, fitted with a new liner, rounds out the property as an amenity that sets this investment apart from typical room-rental housing stock -- a draw for tenants and a differentiator in the local rental market. Between the acreage, the parking, the outbuilding, the concrete pad, and the pool, 101 Lake Drive is positioned to perform as a standout investment property in Summerville, SC. Don't miss this rare opportunity to acquire a house-hack-ready property with this much flexibility built in.
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FeaturesGeneralCounty Dorchester
Property Type Residential
Subdivision Name Pinehill Acres
Status Active
Directions From I-26 Take Exit 205a And Merge Onto University Blvd. Continue Down University Blvd Then Take A Left Onto Pete Ewers Dr. Then Take A Right Onto Mcmakin St. Lake Dr Will Be Your First Left.
High School Summerville
City Summerville
MLS Area 63 - Summerville/Ridgeville
Lot Size Units Acres
Lot Size Square Feet 53578.799999999
Elementary School Knightsville
Middle/Junior High School Dubose
Building Area Units Square Feet
Standard Status Active
Sewer Public Sewer
Heating Central
Cooling Central Air
Roof Architectural
Garage Spaces 2
Construction Materials Vinyl Siding
Year Built 1989
New Construction false
Garage Y/N true
Other Structures No
Patio/Porch Features Deck Wrap Around
Architectural Style Traditional
Stories Count 2
Levels Two
Property Subtype Single Family Detached
Full Baths 7
Carport Spaces 0
Carport Y/N false
Property Attached Y/N false
Primary Bedroom Level Lower
Pool Features In Ground
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InteriorInterior Amenities Ceiling Fan(s) Bonus Eat-in Kitchen Family Formal Living
Air Conditioning Y/N true
Heating Y/N true
Total Bedrooms 8
Fireplace Y/N true
Room Type Bonus Eat-In-Kitchen Family Formal Living
Primary Bedroom Features Ceiling Fan(s)
Flooring Luxury Vinyl Wood
Fireplace Features One
Total Fireplaces 1
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ExteriorLot Size Area 1.23
Lot Size Acres 1.23
Lot Features 1 - 2 Acres
Parking Features 2 Car Garage
Water Source Public
Foundation Details Crawl Space
Building Area Total 2917
Covered Spaces 2
Exterior Amenities Balcony
Total Parking 2
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* Excluded FeaturesList ByDean Property CompanyBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,473
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Summerville, SC
Average List Price $454,244
Percent of Sale Price 17%
Trends Information provided by ATTOM Data Solutions.
245955 Elementary School
245857 Middle School
Summerville High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/24/2026 | $550,000 | | Listed Price |