SpringIsland

Spring Island, Estate of the Day

Filed under: Estates

We've been to Spring Island, South Carolina before to check out Bank of America chief exec Ken Lewis's getaway home (still on the market and the price keeps dropping). Today's estate is in the same area and belongs to former Proctor and Gamble executive Tom Laco. The property consists of two separate lots, the 3.48 acre lot the house is on and a 3.13 acre lot directly across the pond from the house which provides privacy and serves as an ample nesting area for local birds.

The five-bedroom home sits high above Rice Gate Pond and offers a panoramic view of the pond and a thousand acres of Spring Island marshes. The home's master bedroom is on the main floor of the residence and two guest rooms are located in a separate wing with two additional bedrooms on the upper level of this bi-level home. The living room, study, dining room, sunroom, office and three bedrooms all have views of the pond and salt water marsh. The three car garage is currently configured to accommodate two automobiles, a golf cart and a work shop. The home has over 1,600 square feet of porches and terraces and there is a freestanding greenhouse and a rose garden. This home is listed at $2.75 million.

Gallery: Spring Island

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Tags: estate of the day, EstateOfTheDay, rice gate pond, RiceGatePond, south carolina, SouthCarolina, spring island, SpringIsland

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Ken Lewis Still Trying To Sell His South Carolina Home

by Deidre Woollard (RSS feed) —

Filed under: Estates

Last month, the Wall Street Journal mentioned that Bank of America chief executive Kenneth D. Lewis was having trouble selling his vacation home in South Carolina. Today with Lewis in the news for his testimony in Washington D.C. it's a good time to revisit this charming summer home. Mr. Lewis bought the home with Dennis Thompson, founder and CEO of Charlotte, N.C.-based restaurant operator Firebirds International in 2002 for $3 million.

The charming home was designed by Mark P. Finlay and featured in the June 2000 issue of Architectural Digest. It has three bedrooms and 5,734 square feet of space. It includes antique heart pine and English limestone flooring, a large screening room and a two-car garage with office and security system. The home is located adjacent to a 400-acre nature preserve and has a deepwater dock. It went on the market last year then was pulled off the market but now it is back on and the price was recently cut to $3.3 million meaning that this home likely won't offer much of a return on his investment for Lewis.

UPDATE: As of November 2009, this home is listed at $2.975 million.

Gallery: Ken Lewis On Spring Island