Last updated October 9, 2026
Spences Island — Lexington, South Carolina.
Spences Island is a small, gated private community of large homesites on Lake Murray in Lexington, South Carolina (ZIP 29072), in Lexington County outside the town limits. With fewer than ten homesites, it is one of the smallest lakefront communities on the lake, and every homesite is on the water.
Spences Island is a separate community from the nearby Spences Point condominiums. Schools are assigned by Lexington County School District One. See more on our Neighborhoods page.
The Patrick O'Connor Team keeps this guide current and is always happy to answer questions about Spences Island.
About Spences Island
Spences Island is a very small, private community, so every home and homesite matters.
- Size: fewer than ten homesites, with seven homes built so far
- Setting: a gated, private lakefront setting off Spence Drive, with large homesites
- Homes: single-family homes, mostly three to five bedrooms, in one-story and story-and-a-half plans, with brick or stucco exteriors
- Years built: from 1987 to 2018
- Association: a homeowners association with annual dues covers the shared entry and roads — ask us for the current amount and rules
- Not the same as: Spences Point, the condominium community nearby, or Spence Plantation
- Location: Lexington, SC 29072, on Lake Murray
Homes for Sale in Spences Island
Homes and homesites in Spences Island come up for sale only occasionally, and with so few of them, the right one can move quickly. Call The Patrick O'Connor Team at 803-243-0224 or use the button below for a current list of active and upcoming listings, and we'll set you up with alerts the moment something new hits the market.
For a wider look at the area, see our Lexington real estate market overview.
Market Data as of October 2026
Spences Island is so small that sales are rare, and no sale was recorded here over the most recent twelve months. That makes pricing a home here a matter of looking at similar lakefront sales nearby and adjusting for the specific shoreline, lot, home, and dock situation. Call 803-243-0224 and we'll build a comparison for a home you're considering.
Community details on this page come from Lexington County public property information, listing descriptions, and the Lexington One school locator, checked October 9, 2026. Ask us for the latest comparable sales and any recorded neighborhood restrictions.
Types of Homes
Spences Island is single-family homes and large homesites on Lake Murray. Homes have three to five bedrooms, mostly in one-story or story-and-a-half plans, and exteriors are brick, stucco, or wood. A few have private pools.
Because there are so few homes, each one is individual. Ask us about the specific shoreline, the view, the lot's elevation and slope, and whether there is an existing dock or permit.
Neighborhood Amenities
Spences Island is gated, and the homeowners association maintains the shared entry and roads. The main amenity is the setting: large private homesites with long stretches of shoreline on Lake Murray. One recent homesite listing described more than 600 feet of shoreline.
We can't publish association rules or current dues here, because they change. Ask us for the latest association documents before you write an offer.
Shopping, Dining, and Recreation
Spences Island is on the southern side of Lake Murray in the Lexington area, so everyday shopping, medical offices, and restaurants in Lexington are a drive away, and the neighborhood's privacy is part of the appeal. See our Patrick's restaurant recommendations for places we like to eat around the Midlands.
Tell us what you want close by — groceries, dining, marinas, or a particular commute — and we'll show you the options from the exact address you're considering.
Contact The Patrick O'Connor Team
Patrick O'Connor
The Patrick O'Connor Team
Coldwell Banker Realty
607 Columbia Avenue
Lexington, SC 29072
803-243-0224
patrick.russell.oconnor@gmail.com
Home Prices
Spences Island has so few homes that price depends almost entirely on the specific home or homesite: its shoreline and view, the lot, the house, and what can be done with a dock. We don't publish a single neighborhood average, because one number would be misleading for a community this small.
Thinking about a specific property? Ask us for a current comparative market analysis built from the most similar recent Lake Murray lakefront sales.
Quick Facts
- Location: off Spence Drive, Lexington, SC 29072, on Lake Murray
- Type: single-family homes and large homesites
- Size: fewer than ten homesites, with seven homes built
- Years built: 1987 to 2018
- Setting: gated and private, every homesite on the water
- Association: homeowners association with annual dues — ask us for current details
- Lake Murray: yes, lakefront on Lake Murray
- Schools: New Providence Elementary, Lakeside Middle, and River Bluff High, per the Lexington One school locator
School assignments are set by address and can change. Please confirm the schools for any specific home directly with the school district, and we're happy to help you check.
Waterfront Homes
Every Spences Island homesite is on Lake Murray, with long stretches of shoreline and wide water views. Because homes here sit on the lake edge, FEMA's current flood map shows a high-risk flood area touching the lots, so ask us to check the flood map, the home's elevation, and insurance requirements for any property you're considering.
Docks on Lake Murray need permission from the lake's owner and operator, and rules cover size and placement. We never assume a dock comes with a lot — ask us about the permit status and any existing dock for the specific property.
Lake Murray Access
Because the homesites are on the water, lake access comes with the lot rather than through a shared ramp. Whether you can build or keep a dock depends on the lake's permit rules for the specific shoreline, so we confirm that before you make an offer. Our Lake Murray boat ramps and access guide covers public launch options around Lake Murray if you ever need them.
If you want a neighborhood with a shared ramp or a marina, tell us and we'll show you the nearby lake communities that offer it.
Location and Commute
Spences Island is off Spence Drive on the southern side of Lake Murray, in Lexington, ZIP 29072, outside the Town of Lexington limits. It is near the Spences Point condominiums and Spence Plantation, but it is its own gated community with its own entry.
Relocating to the area? Our guide to relocating to Lexington covers what to expect, and our guide to Lexington living costs helps you plan a budget.
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 these nearby Lake Murray neighborhood guides:
Spences Point and Spence Point are separate communities from Spences Island, each with its own guide.
Browse more guides on our Neighborhoods page.
Buying a Home in Spences Island
A few things we help every Spences Island buyer check:
- Ask for the HOA documents, the current dues, and what they cover, including the gate and roads
- Ask for the dock permit status and any existing dock, since a dock is never automatic on Lake Murray
- Ask for a flood map check on the specific address, the home's elevation, and whether flood insurance is required or advisable
- Ask about the shoreline, slope, and any erosion or seawall, since lots here are right at the water's edge
- Ask about well and septic versus public utilities for the specific home
- Relocating from out of town? Start with our guide to relocating to Lexington
- Ask for the HOA or covenant documents and the current dues, if any, before you write an offer
- Confirm school assignment for the specific address with the school district
- 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 Spences Island
Buyers in Spences Island are often looking for privacy and a long shoreline, so the shoreline, view, dock situation, and the home's condition drive the result. Have your dock permit information, survey, elevation or flood documents, and any recent updates ready, and lead with what makes your property stand out. Our guide to selling a home in Lexington walks through the process.
We price Spences Island 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
Where is Spences Island?
Spences Island is a small, gated private community on Lake Murray, off Spence Drive in Lexington, SC, with mailing ZIP 29072. It is in Lexington County outside the Town of Lexington limits.
Is Spences Island the same as Spences Point?
No. Spences Point is a condominium community with its own association, and Spence Plantation and Spence Point are separate neighborhoods too. Spences Island is its own small gated community of single-family homes and homesites.
Is Spences Island on Lake Murray?
Yes. Every homesite in Spences Island is on Lake Murray. Whether a dock can be built or kept depends on the lake's permit rules for the specific shoreline, so ask us about the permit status of any property.
How many homes are in Spences Island?
Fewer than ten homesites, with seven homes built so far, from 1987 to 2018. Because it is so small, homes and homesites come up for sale only occasionally.
Is there an HOA in Spences Island?
Yes. Spences Island has a homeowners association with annual dues that covers the shared entry and roads. Ask us for the current amount, what it covers, and the recorded restrictions before you write an offer.
What schools serve Spences Island?
The Lexington One school locator lists New Providence Elementary, Lakeside Middle, and River Bluff High for the Spences Island addresses we checked. Assignments are set by address and can change, so confirm any specific home with the district.
Is Spences Island gated?
Listings describe Spences Island as a gated private community. Ask us how the gate works and who maintains it for the specific property you're considering.
Do homes in Spences Island flood?
FEMA's current flood map shows a high-risk flood area touching the Spences Island lots, which is typical for homesites at the edge of the lake. Flood exposure depends on the home's elevation, so ask us to check the flood map and insurance requirements for any specific property.
The Patrick O'Connor Team publishes neighborhood guides and works with home buyers and sellers on Lake Murray and across the Midlands of South Carolina.