July 9, 2025

Record-Breaking $9.25 Million Sale of Lake Murray Estate

News Summary

A luxurious estate on Lake Murray has sold for a record $9.25 million, surpassing the previous local price of $3.6 million. The sprawling 9,500-square-foot property includes high-end amenities and was sold fully furnished. This sale illustrates a rising trend in the Lexington County real estate market, with increasing demand leading to higher property values, as well as an influx of new residents in the area. The local assessor’s office is also conducting a five-year property reassessment to reflect current market conditions.

Lexington, South Carolina – A luxurious gated estate on Lake Murray recently changed hands for a record-breaking $9.25 million, marking a significant milestone in the local real estate market. This landmark sale is notable as it outstrips the previous record for the area, which stood at $3.6 million.

The estate, located at 218 Captain’s Watch Road, encompasses a sprawling 9,500-square-foot home set on a generous 3.17-acre lot. Included in this premium sale were all furnishings, providing the new owners with a fully equipped and furnished residence. The property boasts high-end amenities including a pool, private dock, a 3½-car garage, a guest cottage, and a greenhouse, showcasing the luxury lifestyle associated with Lake Murray living.

The transaction was facilitated by Southern Visions Real Estate, which noted that this sale has “shattered sales records” for both Lake Murray and the Columbia MLS. The sellers, Robby Wilkins and Anne Wilkins Brooks, spent five years meticulously constructing the estate in collaboration with top contractors, architects, and decorators, ensuring a high standard of quality and design throughout.

The buyers, represented by Leah Fitts and Todd Carnes of Todd Realty Partners, are also active participants in the local business scene, indicating a growing trend of established community members investing in high-end properties within Lexington County.

This recent sale reflects a broader trend in the Lexington County real estate market, which is currently experiencing a strong demand for housing, resulting in rising property values across the board. This demand has been further intensified by a net absorption of 28 new residents arriving daily in the greater Columbia area, as reported by Colliers South Carolina. Such demographic shifts are contributing to an increased necessity for workforce housing and are impacting the local housing market dynamics.

In context, the Lexington County Assessor’s Office is undertaking a comprehensive five-year reassessment of property values. The reassessment process aims to ensure that property valuations accurately reflect current market conditions, which will ultimately be reflected in tax calculations for local school districts and municipalities. The last reassessment in the county was conducted in 2020, and the updated assessments based on 2024 data will be mailed out in Spring 2025.

Under South Carolina law, any adjustments to property values may result in increased tax liabilities, but this is capped at 15% per assessment cycle. Homeowners will have the opportunity to appeal their assessments if they believe them to be inaccurate, with a 90-day window following the issuance of new assessments to file appeals before the July 31, 2025 deadline.

As demand continues to outpace supply in the Lexington area, the data reflects the continuing evolution of property values, and the market’s prospects appear positive. The recent record sale serves as a bellwether for what buyers can expect in this growing community as housing prices ascend in response to increasing competition and limited availability.

Deeper Dive: News & Info About This Topic

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Additional Resources

Author: STAFF HERE LEXINGTON WRITER

The LEXINGTON STAFF WRITER represents the experienced team at HERELexington.com, your go-to source for actionable local news and information in Lexington, Fayette County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Woodland Art Fair, Crave Food and Music Festival, and Railbird Festival. Our coverage extends to key organizations like Commerce Lexington and Blue Grass Community Foundation, plus leading businesses in education, manufacturing, and technology that power the local economy such as University of Kentucky, Toyota Motor Manufacturing, and Lexmark. As part of the broader HERE network, including HEREBowlingGreen.com and HERELouisville.com, we provide comprehensive, credible insights into Kentucky's dynamic landscape.

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