$4.9M Cliffs at Glassy listing positioned to become community’s biggest sale | Greenville Real Estate Special Coverage | postandcourier.com

2022-09-23 20:11:36 By : Ms. Sharon Liu

Mostly clear. Much cooler. Low 53F. Winds NE at 5 to 10 mph..

Mostly clear. Much cooler. Low 53F. Winds NE at 5 to 10 mph.

The 7,000-square-foot log home at 43 Eagle Rock Road has been listed for $4.995 million, and a sale price in that vicinity would eclipse the current record for highest sale price in The Cliffs at Glassy, which is $3.5 million. Cliffs Realty/Provided

The $4.995 million listing at 43 Eagle Rock Road is constructed of red cedar logs from Canada fastened together using a Swedish method, a theme that carries into a great room where log pillars and trusses complement a grand stone fireplace. Cliffs Realty/Provided

The 7,000-square-foot log home at 43 Eagle Rock Road has been listed for $4.995 million, and a sale price in that vicinity would eclipse the current record for highest sale price in The Cliffs at Glassy, which is $3.5 million. Cliffs Realty/Provided

It features walls made of red cedar logs harvested in Canada, an indoor basketball court, and sweeping views of Hogback Mountain. And if it sells for anything approaching its list price, it will go down as the largest residential transaction ever recorded in the Cliffs at Glassy community near Landrum.

The 7,000-square-foot log home on 2.79 acres at 43 Eagle Rock Road has been listed for $4.995 million, according to the listing at Cliffs Realty. A sale price in that vicinity would easily eclipse the current record holder for highest sale price in The Cliffs’ original gated community, 120 Stone Crop Drive, which closed in March for $3.5 million.

The Eagle Rock Road home was built over three years, with red cedar logs from Whistler, British Columbia, fastened together using the Swedish cope method. Managing to be both rustic and extravagant at the same time, the seven-bedroom, seven-bath residence features a dramatic porte-cochere made of cedar logs, a theme that carries into the interior of the home—most notably in a great room where log pillars and trusses complement a grand stone fireplace.

The $4.995 million listing at 43 Eagle Rock Road is constructed of red cedar logs from Canada fastened together using a Swedish method, a theme that carries into a great room where log pillars and trusses complement a grand stone fireplace. Cliffs Realty/Provided

The three-story home also features an indoor sport court, custom cabinetry, home theater, sauna, and multiple decks and porches—one including a built-in hot tub and stone pizza oven, according to the listing. James Patton of Cliffs Realty is the listing agent.

Founded in 1991 near Landrum, Cliffs at Glassy was the first of what would eventually expand to seven Cliffs communities. Six are in the Upstate of South Carolina stretching from the Blue Ridge foothills to the shores of Lake Keowee.

While high demand for student housing in South Carolina has led the state to add more than 5,000 beds over the past five years, the occupancy rate at Clemson University remains 97 percent—highest among universities in the Palmetto State, according to a report by the commercial real estate firm Colliers South Carolina.

Clemson’s second-quarter occupancy rate outpaces Coastal Carolina University (95.3 percent) and Francis Marion University (93.8). Clemson added 421 new beds in the second quarter, and was the lone state college to add beds over that span, according to Colliers. Clemson also has 988 beds under construction, the agency added.

The average asking rent per bed at Clemson in the second quarter was $701.90, fourth-highest among state universities covered in the Colliers report. College of Charleston had the highest rate at $1,595.44. Statewide, the student housing occupancy rate in the second quarter of 2022 was 91.15 percent, while the average asking rate per bed was $827.55.

The sale of the Gateway Plaza shopping center in Clemson and another retail complex on Augusta Street in Greenville highlighted notable August transactions announced by the commercial real estate firm NAI Earle Furman.

John Gray Jr. represented buyer Liza Property in the purchase of the 10,002-square-foot Gateway Plaza shopping center at 379 Old Greenville Highway in Clemson from T&R Clemson Ventures. And Ted Lyerly represented seller Hotzfam in the sale of the 1.96-acre shopping center located at 1818 Augusta St. to Augusta Village Greenville Retail.

In Cowpens, Bill Sims and Will Freeman represented seller Browning Cowpens in the sale of a 10,385-square-foot Dollar Tree at 5401 North Main St. to Exchangeright Net. And in Simpsonville, Peter Couchell and Rob Schmidt of Furman Capital Advisors, the investment services and capital markets division of NAI Earle Furman represented the buyer of a new 10,640-square-foot Dollar General at 408 West Georgia Road.

In Greenville, Hunter Garrett, John Staunton and Alex Johnson represented seller Antioch Church Partners in the sale of a 31,500-square-foot industrial building located at 1507 Antioch Church Road. In Anderson, Kay Hill, Bern DuPree, and Trey Snellings of Furman Capital Advisors represented seller PPV Azalea Apartments in the sale of a 39-unit investment portfolio at 110 Nunnally Road to AU Azalea.

In Piedmont, John Stathakis II and Scott Jones represented buyer Stoneco Fund I in the purchase of an 11,030-square-foot office property at 103-105 Claire Drive from OPM Properties In Belton, Rusty Hamrick represented buyer in the purchase of 74.30-acre property on Southern Road. In Greer, Sims and Freeman represented buyer Greer Express Wash in the purchase of a 3,376 -square-foot retail investment located at 101 Sudduth Farms Drive.

In Spartanburg, Jason Richards represented buyer 958 East Main Street LLC in the purchase of an 8,345-square-foot retail property at 958 East Main Street from JCX Holdings. In Easley, Keith Jones and McNeil Epps represented seller RPG Development in the sale of a 6,050-square-foot office investment property at 290 Enterprise Drive to NV LLC. In Easley, Anderson Drake represented buyer Mordeci Mountain in the purchase of a 119.31-acre property on Franklin Finley Road.

In Laurens, Ellice Niedrach represented buyer CHASS Holdings in the purchase of a 4,800-square-foot industrial investment property at 760 East Main St. from James Manning and Richard Allen Tumblin. In Greenville, Jones and Epps represented seller JPM Investments in the sale of a 3,600-square-foot office building at 916 East Washington St. Drew Stamm represented the buyer, 916 E Washington LLC, in the sale.

On the leasing front, Jones and Epps represented landlord 135 South Main Street LLC, and Shannon Caldwell represented tenant M. Judson Booksellers in leasing a 1,373-square-foot office space at 135 South Main St. in Greenville. In Mauldin, Geoff Beans represented landlord The Farmington Group in leasing a 1,196-square-foot retail space at 101 South Main St. to T-Mobile.

Jones and Epps also represented tenant, Prosource in subleasing a 12,921-square-foot office space located at 3 Independence Pointe in Greenville from TBC Corporation; represented tenant, Bolton & Menk Southeast in leasing a 7,997-square-foot office space located at 116 and 118 North Markley St. in Greenville from Fortis Riders; and represented landlord 401 Brookfield LLC in leasing 3,108-square-foot office space located at 401 Brookfield Parkway in Greenville to Regional Finance Corporation of South Carolina.

In Spartanburg, Katherine Fulmer represented landlord Caje Group in leasing a 2,790 -square-foot office space located at 269 South Church St. to Movement Mortgage. And in Greenville, Garrett, Staunton and Johnson represented tenant The Source Group in leasing a 21,150-square-foot industrial building located at 2605 Anderson Road from Mauldin Heights Apts 1 LLC.

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