I am constantly amazed at the resilience of some segments in this current market.
Yesterday, I visited a new planned unit development: Hilton Head Lakes in Hardeeville, SC. I wanted to get educated on what looks like an up and coming, upscale gated community in an unlikely place: Hardeeville.
You may ask, where the heck is Hardeeville? Well, it's 'about 26 miles west of Hilton Head Island. Hardeeville is also the home of the Tradition, another planned unit (Levitt) development off of route 278 which will be comprised of 9700 homes in years to come. Hardeeville, a rather rural looking area will have about 150000 homes by the year 2026
The Hilton Head Lakes P.U.D. is also off route 278 and first phase build out will be about 900 homes. This is a joint venture and one of the partners is Malphrus--a well know name in this area.
According to Rush Lowther, Sales Executive, their grand opening this past week produced 62 lot sales! They are offering buyers "pre-development incentives"--i.e. there will be about an 18 month wait for city sewer and water, so lot prices are at their lowest now--a buying opportunity. As services are hooked up, prices will increase. There are financing options that allow buyers to hold their lots while they sell their existing homes.
Homes can be built by one's own builder, with minimum home requirement of 1800 square feet. Amenities will include fitness center, walking trails galore, and a commercial center which will provide include local shopping opportunities. There is also space reserved for a School.
If you're a buyer, just remember, it makes a lot of economic sense to have a buyer's agent represent your interest in any transaction. Our fess are paid by the seller. When you work directly with a developer or builders agent, they represent both sides of the transaction. This is not to your advantage. Plus, there are additional services we offer that can save buyer's time and money.