Lockwood Folly, a 460-acre gated residential community tucked away in the woods on the western bank of the Lockwood Folly River, started development in 1987 by Channel Side Corp. Properties available include deep water river lots, marsh lots, golf course lots and lots with views of the Lockwood Folly River and the Intracoastal Waterway. Overlooking the river is the community clubhouse with an Olympic size swimming pool. Lockwood Folly also has an 18 hole Willard Byrd designed golf course, tennis courts, a boat ramp and storage area for residents’ boats.  The Country Club community is located at the northwest junction of the Lockwood Folly River and the Intracoastal Waterway, in the area locally known as Brown's Landing. From the boat ramp, it is approximately one nautical mile to the open ocean.

As of March, 2011 there are 299 homes completed, 26 townhouse/condo units, 1 home under construction and 291 vacant lots privately owned. At maturity, Lockwood Folly will contain 617 dwellings on 460 acres. Current status of development is about 53% of maturity.

Lockwood Folly is served by the Brunswick County Sheriffs Department and is within the Tri Beach Fire District.