Last updated October 2026
Magnolia Key — Chapin, South Carolina
Magnolia Key is a Lake Murray neighborhood of about 50 homes in Chapin, South Carolina, with homes built mostly from 2004 to 2008. About half of the homes sit directly on the water.
The Patrick O'Connor Team keeps this guide current and is always happy to answer questions about Magnolia Key.
About Magnolia Key
Magnolia Key has a Chapin mailing address (ZIP 29036) and sits in unincorporated Lexington County. The streets are named for flowers: Magnolia Key Drive, Jasmine Key Lane, Holly Key Lane, Wisteria Key Place, Azalea Key Lane, and Camelia Key Lane.
The neighborhood is close to the Timberlake communities on the Chapin side of the lake.
- Size: about 50 homes, with about half of them lakefront
- Years built: from 2001 to 2022, with most built between 2004 and 2008
- Homes: mostly brick, most with four bedrooms, typically one and a half stories
- Lots: typically about half an acre
- Association: Magnolia Key Homeowners Association, which owns the neighborhood's private roads and a boat storage lot
Homes for Sale in Magnolia Key
Homes in Magnolia Key come up for sale throughout the year, and the best ones can move quickly. Call The Patrick O'Connor Team at 803-243-0224 or use the Contact Us button for a current list of active and upcoming listings, and we'll set you up with alerts the moment something new hits the market.
Market Data as of October 2026
Here are recent recorded sales in Magnolia Key. Each is a single sale, not an average, and every home's value depends on its lot, size, condition, and updates.
- 120 Magnolia Key Drive sold for $775,000 (June 2026, built 2006)
- 309 Holly Key Lane sold for $799,900 (June 2026, built 2010, lakefront)
- 312 Holly Key Lane sold for $565,000 (June 2025, built 2022)
- 412 Jasmine Key Lane sold for $975,000 (August 2024, built 2006, lakefront)
Earlier lakefront sales, for reference only (these are not current prices):
- 505 Camelia Key Lane sold for $1,880,000 (August 2023, built 2004, lakefront)
- 604 Wisteria Key Place sold for $1,500,000 (November 2022, built 2005, lakefront)
Based on Lexington County public property records as of October 2026. Ask us for current listings and association details.
Types of Homes
Magnolia Key is a single-family neighborhood of mostly brick homes. Most have four bedrooms, and a smaller number have five or more. Homes range from about 2,300 to 6,600 square feet, with a typical home around 3,100.
Roughly half of the homes are lakefront and half are off the water, and that difference is the biggest driver of price here.
Neighborhood Amenities
Magnolia Key's association owns the neighborhood's private roads and a boat storage lot, and recent listings describe these neighborhood features:
- Community boat ramp: listed as an association amenity
- Boat storage: the association owns a boat storage lot on Holly Key Lane
- Association dues: recent listings show about $360 to $395 a year, covering shared-area upkeep and street lights
Ask us for the association documents and rules before you write an offer.
Shopping, Dining, and Recreation
Day-to-day errands for Magnolia Key are usually in Chapin, with more shopping toward the I-26 corridor. Lake Murray's marinas and waterfront restaurants are part of the draw. See our guide to Lake Murray boat ramps and Patrick's restaurant recommendations. Tell us what matters most and we'll show you what's close by.
Contact The Patrick O'Connor Team
The Patrick O'Connor Team
Coldwell Banker Realty
607 Columbia Avenue
Lexington, SC 29072
803-243-0224
patrick.russell.oconnor@gmail.com
Home Prices
Recent Magnolia Key sales shown above ran from $565,000 for a 2022-built home off the water (June 2025) to $975,000 for a lakefront home (August 2024). Two June 2026 sales were $775,000 off the water and $799,900 on the water.
Lakefront sales in 2022 and 2023 were higher, between $1,500,000 and $1,880,000 for larger homes, and those are earlier sales. We don't publish a single neighborhood average. Ask us for a current comparative market analysis.
Quick Facts
- Location: Magnolia Key, Chapin, SC 29036
- County: Lexington
- Setting: on the Chapin side of Lake Murray, near the Timberlake communities
- Size: about 50 homes
- Years built: 2001–2022, mostly 2004–2008
- Lake: about half of the homes are lakefront
- HOA: Magnolia Key Homeowners Association — recent listings show about $360 to $395 a year
- Boat ramp: community boat ramp, plus a boat storage lot
- Schools: Piney Woods Elementary, Chapin Middle, Chapin High (Lexington-Richland School District Five)
This area is in Lexington-Richland School District Five. School assignments are set by address and can change, so check any specific home with the district's school locator, and we're happy to help.
Waterfront Homes
Magnolia Key is a Lake Murray neighborhood, and about half of its homes sit directly on the water. County property records list 25 of the roughly 48 homes as lakefront, and listings for lakefront homes here show Lake Murray waterfront.
Lakefront sales run well above the off-water homes, and docks and shoreline rights differ from home to home. If being on the water matters to you, tell us. We'll show you the lakefront homes and walk you through the shoreline and any dock for each one.
Lake Murray Access
Magnolia Key has a community boat ramp, listed by the association, and the association also owns a boat storage lot on Holly Key Lane. Homes off the water use the ramp to reach the lake.
Lake Murray's public ramps and marinas are also nearby. Our boat ramps guide lists the public options, and we're happy to point you to the closest ones.
Location and Commute
Magnolia Key has a Chapin mailing address (ZIP 29036) in unincorporated Lexington County, on the lake side of Chapin near the Timberlake neighborhoods.
Commute times vary by route and time of day — we're happy to map yours from any address you have in mind.
Nearby Neighborhoods to Compare
Compare Magnolia Key with these nearby Chapin-side lake guides:
Browse more guides on our Neighborhoods page.
Buying a Home in Magnolia Key
A few things we help every buyer in Magnolia Key check:
- Ask whether the home is on the water or off it, since that changes the price more than anything else here
- Ask about the dock and shoreline for any lakefront home
- Ask about the community boat ramp and boat storage rules
- Ask us for the neighborhood covenants and any association documents, along with the current dues, before you write an offer
- Check the school assignment for the specific address with the district's school locator
- Compare recent sales of truly similar homes rather than a neighborhood average
Call The Patrick O'Connor Team at 803-243-0224 for a current home search and a tour.
Selling a Home in Magnolia Key
Buyers in Magnolia Key compare lakefront and off-water homes very differently. A strong listing leads with the water, the brick construction, and recent updates.
We price Magnolia Key homes from the most similar recent sales, prepare the documents buyers will ask for, and build a launch plan around what makes your home stand out.
Thinking of selling? Call 803-243-0224 or use the contact button below.
Frequently Asked Questions
Is Magnolia Key in Chapin?
Yes. Homes have a Chapin 29036 mailing address in unincorporated Lexington County.
Is Magnolia Key on Lake Murray?
Yes. About half of the homes sit directly on the water, and the rest are off the water in the same neighborhood.
How many homes are in Magnolia Key?
There are about 50 homes, built from 2001 to 2022, most of them between 2004 and 2008.
Is there a community boat ramp?
Yes. Recent listings show a community boat ramp, and the association also owns a boat storage lot on Holly Key Lane.
What are the HOA dues?
Recent listings show association dues of about $360 to $395 a year. Ask us for the current amount and the association documents.
What schools serve Magnolia Key?
Homes on Magnolia Key Drive, Jasmine Key Lane, Holly Key Lane, and Wisteria Key Place are assigned to Piney Woods Elementary, Chapin Middle, and Chapin High in Lexington-Richland School District Five. Assignments are set by address and can change.
What have homes sold for?
Recent sales include 309 Holly Key Lane (lakefront) at $799,900 in June 2026 and 120 Magnolia Key Drive at $775,000 in June 2026.
Is Magnolia Key the same as Magnolia Point?
No. Magnolia Point is a separate neighborhood in Columbia and has its own guide on our site.
The Patrick O'Connor Team publishes Magnolia Key information and updates and works with home buyers and sellers on Lake Murray and across the Midlands of South Carolina.