118 Watson Way, Pawleys Island, SC, 29585
About This Home
Welcome to classic Pawleys Island living. Nestled on the peaceful waters of Pawleys Creek, this charming, raised cottage offers the timeless coastal lifestyle generations have cherished. This 2-bedroom, 2-bath waterfront retreat sits on over one-half acre of prime creekfront property, providing endless possibilities to enjoy today or expand for tomorrow. Imagine starting each morning with a cup of coffee on the spacious porch as the sun rises over Pawleys Creek. Take in the unobstructed views of the iconic Pelican Inn, enjoy the soothing sounds of the creek, watch the ever-changing marsh scenery, and experience spectacular sunsets, abundant wildlife, and the gentle tides that make Pawleys Island so special. Designed for embracing the Lowcountry lifestyle, the property features a beautifully landscaped outdoor living area complete with a custom paver patio, inviting fire pit, and multiple gathering spaces—the perfect setting for entertaining family and friends, relaxing under the stars, or simply enjoying cool coastal evenings by the fire. Whether you’re hosting oyster roasts, backyard cookouts, or quiet evenings overlooking the creek, this outdoor space is truly an extension of the home. Inside, you’ll find the warmth and character of an authentic old-school Pawleys Island cottage—a rare opportunity to own a piece of Lowcountry history while creating memories for generations to come. The expansive homesite offers room to grow, whether your vision includes adding a pool, guest quarters, or expanding the existing cottage. The raised construction provides generous storage underneath for golf carts, kayaks, fishing gear, and all your coastal toys. Perfectly situated to enjoy everything Pawleys Island has to offer, you’re just minutes from pristine beaches, world-class golf, boutique shopping, exceptional dining, boating, fishing, crabbing, paddleboarding, and the laid-back Lowcountry lifestyle that has made Pawleys Island one of the South’s most treasured coastal communities.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1971
Type & Style
- Home type: SingleFamily
- Architectural style: Raised Beach
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Interior Area
- Total structure area: 2,046
- Total interior livable area: 1,023 sqft
Property
Details
- Parcel number: 0401690070000
- Zoning: R
- Special condition: None
Lot
- Lot size: 0.61 Acres
- Lot size dimensions: 98 x 285 x 100 x 258
Parking
- Total spaces: 4
- Parking features: Underground
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Coastal Flooding
- Inland Flooding
- Earthquake
- Hail
- Heat Wave
- Ice Storm
- Tornado
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Georgetown County and South Carolina
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,067 | $72,804 |
| Home Insurance * | $740 | $8,880 |
| Property Taxes | $409 | $4,908 |
| Electricity | $204 | $2,449 |
| Total | $7,420 | $89,040 |
Income You'd Need if You Spent...
South Carolina FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-17 | Listed for sale | $1,200,000 |
| 2016-06-15 | Sold | $300,000 |
| 2016-03-31 | Sold | $300,000 |
| 2016-03-10 | Pending sale | $300,000 |
| 2016-03-10 | Listed for sale | $300,000 |
| 2012-09-21 | Sold | $125,000 |
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