Lawrence A. Selzer Of The Conservation Fund Acquires 736-Acre Historic Estate In Eastover For $13.8M
229 Joseph Kershaw Drive
$13,800,000
$992/SF
Building Size
13,900 SF
Asset Type
Land
Closing
Aug 17, 2026
AI
The property asset involved in the transaction is a 736-acre land located at 229 Joseph Kershaw Drive, Eastover, SC. The sale price for this transaction was $13,800,000, with a total square footage of 13,900 and a price per square foot of $993.
Summary of transation details:
- Property Type: Land
- Transaction Amount: $13,800,000
- Address: 229 Joseph Kershaw Drive
- Market: Eastover, SC
- Acres: 736
- Buyer: Lawrence A. Selzer - The Conservation Fund
- Seller: Larry Faulkenberry & Jerry Faulkenberry
- Brokers: Julie Breedlove & Tammra Granger - Premier Sotheby’s International Realty
- Square Feet: 13,900
- Price Per Square Foot: $993
The key individuals involved in this transaction include Lawrence A. Selzer, representing The Conservation Fund, which acquired the property, and sellers Larry Faulkenberry and Jerry Faulkenberry. The brokers facilitating this transaction were Julie Breedlove and Tammra Granger from Premier Sotheby’s International Realty.
NOTE: The Conservation Fund acquired the 736-acre Goodwill Estate near Eastover, South Carolina, preserving a historic plantation with two residences and structures including slave cabins, a grist mill, and blacksmith’s shop. The acquisition will expand the adjacent Wateree River Heritage Preserve and Wildlife Management Area while protecting the estate’s ecological resources and historical legacy.
Players
Eastover Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93