Archive for the ‘Real Estate’ Category

Beach Compny to develop 1427 acres near Kiawah

Wednesday, November 18th, 2009

Johns Island retail, homes planned
Development still needs County Council approval

By Prentiss Findlay
The Post and Courier
Wednesday, November 18, 2009
The Beach Co. plans to develop 1,427 acres on Johns Island in a 20-year project that could create hundreds of jobs and pump millions of dollars into the local economy.

As planned, it will include 1,285 dwelling units, including single- family homes, townhomes and 117 units for workforce/affordable housing. In addition, there will be a maximum of 450 guest rooms in the form of hotels and villas.

The development would have 80,000 square feet of retail and office space, as well as a golf course. A wastewater treatment plant is planned, according to an executive summary of the project.

Charleston County Council held a public hearing on the development Tuesday night. Richard Thomas, who lives near the project, said he was concerned about more traffic aggravating already dangerous driving conditions. “People are killed and injured because of the way drivers drive out there,” Thomas said.

Thomas said he also worried that the project could pose a hazard to the marsh, creeks and bald eagles. “I don’t know where all that wastewater is going to go,” he said.

Johns Island resident Bill Saunders said, “We are being crushed. I was under the illusion that government looked out for everybody.” He said that he felt that the council had already decided in favor of the developer.

Tammy Hoy, director of the Lowcountry Housing Trust, praised the developer for including affordable housing for local workers.

Heidi Ravenel of Charleston, whose family owns 115 acres nearby, said, “We believe this is going to be a tremendous economic boon to the area.” Equestrian events at Mullet Hall are a big draw, but there’s no place to stay nearby, she said.

Even with the necessary government approvals, shovels would not go into the ground in the near future to start Kiawah River Plantation, said Kevin O’Neill, project manager for The Beach Company.

“We would not launch it in a poor market like what exists today. We certainly want it to be on the upswing,” O’Neill said. He said beginning work on the infrastructure is at least one year away. In another six to nine months, the first lots could be for sale, he said.

The Beach Company commissioned a study to estimate the economic impact of the proposed development on Charleston County. It was done by the Regional Dynamics and Economic Modeling Laboratory of Strom Thurmond Institute of Government and Public Affairs at Clemson University.

See an overview of the plan
Kiawah River Plantation (PDF)

The study concluded that the project during its 20-year life would generate approximately 900 jobs in Charleston County and an additional 1,500 jobs statewide.

The estimated average annual net fiscal gain to the county is forecast to be more than $16 million at project buildout, when total annual disposable income of all county residents is expected to increase by $29 million to $33 million.

The developers propose creation of a tax-increment financing district to fund the wastewater treatment plant, roads, sewers, stormwater facilities, parks and workforce housing.

According to the executive summary, the project seeks to preserve the natural environment, respect and enhance cultural resources, implement sustainable growth and provide a series of public parks, including one on the waterfront along most of the edge of the development centerpiece, River Village.

The development is committed to enhancing the Mullet Hall Equestrian Center and County Park, the summary said.

The property includes 732 acres of salt marsh and saltwater ponds as well as 187 acres of freshwater ponds and wetlands. The project could result in up to 169 boat and crab docks, according to an executive summary.

At least 50 percent of highland, or 635 acres, will be open space.

River Village, which will occupy about 20 percent of the highland, will have shops, the hotel rooms and 55 percent of the homes.

A market analysis predicts that 20 percent of homeowners will be those who buy second homes, 40 percent will be those who vacation and eventually retire there and 30 percent will be a mix of permanent and seasonal retirees.

For about 10 percent of homeowners, it will be a permanent, year-round residence.

Kiawah River Plantation, also know as Mullet Hall, was acquired by the Beach Co. in 1994 from the Limehouse family of Johns Island. At about the same time, the Charleston County Park and Recreation Commission acquired 738 acres adjacent to the property, also from the Limehouse family.

The Mullet Hall Equestrian Center and Charleston Park are located on the CCPRC property.

County Council will hold another public hearing on the development at 4:15 p.m. Dec. 3.

Charleston Selected as Top Tourist Destination

Tuesday, November 17th, 2009

Holy City named a top destination
Lonely Planet says ‘the well-groomed locale has … notable luxury accommodations, historical sites’
By Schuyler Kropf
The Post and Courier
Tuesday, November 17, 2009

The economy might be in the dumps, but the travel industry is still throwing praises at Charleston as a don’t-miss tourist destination.

Lonely Planet, one of the world’s more popular global tourism guides, says the Holy City is one of its “Top Cities to go to in 2010.”

The endorsement is particularly noteworthy, considering other destinations on the list include cities that pre-date Charleston by hundreds of years, including Kyoto, Japan; Istanbul, Turkey; and Cork, Ireland.

Alice Dull

Pedestrians stop at a historic house on the corner of Broad and Tradd streets Monday. The Lonely Planet travel guide listed Charleston as one of the top places to go in 2010, calling it the United States’ ‘home of aristocracy.’
Even so, the description given by Lonely Planet writers goes heavy on the cliche.

“This South Carolina city is the United States’ home of aristocracy,” the listing reads. “Etiquette is something this historic town is proud of, together with its numerous churches and palm-tree lined thoroughfares. The well-groomed locale has a thriving tourism business with notable luxury accommodations, historical sites and, recently a food festival and a Fashion Week.”

Mayor Joe Riley said the listing is a recognition reinforcing Charleston’s reputation among the must-see cities of the United States, and a shot in the arm when the global economy is suffering.

“It’s very important,” he said. “We’re involved in competition” with other tourism-based destinations.

The listing came as part of the company’s widely read “Best in Travel” destinations issued this month and seen by millions worldwide.

Other cities on the Lonely Planet’s 2010 list include Abu Dhabi in the United Arab Emirates; Cuenca, the third-largest city in Ecuador; Lecce in southern Italy; Sarajevo; Singapore; and Vancouver, Canada.

Welcome Boeing!

Friday, October 30th, 2009

With the recent announcement that Boeing will be building an assembly plant for the new 787 in Charleston the city is bubbling with excitement. At a time when the national and local economy is struggling this couldn’t have been better news. The plant will empoy an estimated 3,800 skilled workers. In addition there is expected to be a much larger number of employees working for vendors to Boeing in the area as the plant comes on line. Look for restaurants and shops to be filled with Boeing customers visiting the area to check on progress of their plane and related celebrations as planes are ready for delivery. Obviously this will have a very positive impact on the real estate market in Charleston. We have alreay worked with several Boeing families who are now living on Daniel Island. With the proximity to Daniel Island, we expect many of the new Boeing families will sellect the island as their new home.

We extend a warm welcome to Boeing. We look forward to the expasion of this world class company in Chalreston and assisting Boeing families as they settle in to their new homes, schools and enjoy all our little paradise has to offer.

Video News of Boeing Announcement

Link to Boeing Press release

Nation Wide PGA Tour at Daniel Island Octotber 22-25

Saturday, September 5th, 2009

CHARLESTON, S.C. — The Nationwide Tour and the Student Transportation of America Education Foundation Thursday announced the 2009-2011 Nationwide Tour Championship will be played at the Daniel Island Club. The official name of the tournament will be the “Nationwide Tour Championship at Daniel Island”. The 2009 dates will be Oct. 22-25.

The Nationwide Tour Championship is the Nationwide Tour’s final event. It concludes the season-long competition to identify the 25 players who earn PGA TOUR cards for the following season based on the Tour’s final money list. The field is limited to the top-60 money winners through the final full-field event of the season, which in 2009 will be the Miccosukee Championship, played the previous week in Miami, FL.

The Nationwide Tour Championship at Daniel Island will be one of only three events offering a $1 million purse and $180,000 first prize, both of which are the largest on Tour.

GOLF CHANNEL will televise all four rounds live.

“The partnership we have put in place for the Nationwide Tour Championship at Daniel Island is a terrific one,” said Nationwide Tour president Bill Calfee. “With the 25 PGA TOUR cards on the line, the Nationwide Tour Championship historically has been the most suspenseful week of the year on the Nationwide Tour. A number of players’ futures are literally riding on every shot. With the move to Daniel Island and our season now culminating two weeks before the end of the PGA TOUR season, the Championship will be enhanced and the Tour will benefit from the additional focus that will be on “THE 25″ competition. We look forward to working with the Student Transportation of America Education Foundation and the Daniel Island Club to achieve these goals and to advance theirs.”

The STA Education Foundation, the philanthropic arm of Student Transportation of America, the fourth largest provider of school bus transportation services in North America, is host organization for the Nationwide Tour Championship at Daniel Island.

“We are extremely pleased to be associated with the PGA TOUR, Daniel Island and the Greater Charleston community,” said Denis J. Gallagher, chairman of the STA Education Foundation and Charleston resident. “This high-profile event will not only be great for promoting the City of Charleston, it will donate a portion of the proceeds to The First Tee Program of Charleston to further their great work helping kids in ways that extend far beyond golf.

“STA’s business is all about kids and our Foundation was created to help fund the higher education opportunities they deserve,” Gallagher said. “This partnership with the Nationwide Tour will help us gain national recognition and greatly expand our ability to offer college scholarships to deserving high school students. As a result, for the first time, scholarships will be awarded to outstanding Charleston students who display pride in their community and choose to attend Charleston area colleges and universities. The City has been a big supporter in helping us bring this event to Charleston and, in return, we’re pleased to be able to give back to our community’s future leaders.”

Daniel Island, an award-winning master-planned community in Charleston, S.C., is home to the private Daniel Island Club. The Club’s golf offerings include two nationally-ranked courses designed by Rees Jones (Ralston Creek) and Tom Fazio (Beresford Creek). The Nationwide Tour Championship will be played on the Ralston Creek course, a par-72 layout that stretches to 7,446 yards.

“We were privileged to previously host a Nationwide Tour event on Daniel Island, and it was a great experience for the players and the Tour,” said Matt Sloan, president of the Daniel Island Club. “We are honored to not only welcome them back, but to bring their most important event to Charleston. Much like the PGA TOUR’s TOUR Championship at East Lake in Atlanta, we expect the Nationwide Tour Championship to call Daniel Island its home for many years to come.”

Southern Living Magazine Idea Home – Short Sale!!!

Wednesday, June 10th, 2009

Okay here is another great deal and it is our listing on Daniel Island. This home was built to specifications of Southern Living Magazine and was open to the public to tour. Over 1,800 visitors paid to tour the home. A young family bought the home for $1,950,000. After 15 months the owners moved out of state to help with the family business. The home was listed for $2,149,000. It has been under contract, but the buyers were unable to close. It is now offered as a short sale at $1,595,000. The home has a huge “wow” factor with over $500,000 in designer upgrades including hand-planed floors, extensive home entertainment system, gardens done by the top landscape architect in the area – and on and on. The home has views of Smythe Lake and is within walking distance of the Daniel Island schools k-8. This will be a great deal for a buyer looking for an over the top home with over 4,800 sq. ft. of dreamy space.

Click here to see this home

Not right for you? Contact us. We are aware of many great deal opportunities right now. We will find one for your specific needs.

Deep Water Home With Dock – Possible Deal!!!

Thursday, March 12th, 2009

UPDATE THIS HOME AT 1021 RIVERSHORE WAS ORIGINALLY LISTED AT $1,290,000 IN MAY 2008. IT SOLD FOR $800,000 MAY 2009.  The owners of this deep-water home listed by CarolinaOne have moved into their new home and want this home sold now. WE BELIEVE WE CAN NEGOTIATE A GREAT DEAL ON THIS HOME. The home is in Beresford Creek Landing which has excellent access to the 526 freeway. The home has expansive views to Daniel Island. It is 5 minutes from Daniel Island amenities and about 15 – 20 minutes to downtown Charleston, beaches, and the area’s best shopping. Beresford Creek offers deep water boating access to the Wando River and Charleston Harbor. The home appears to be in excellent condition and has a popular floor plan. This home will sell soon and it will be a heck of a deal. Deep-water properties under $1,000,000 are unheard of in this location. We have a great track record of negotiating outstanding deals for our clients. If interested, please give us a call for full details at 843-259-9913.

Click here to see pictures and information about this opportunity

 http://www.prestigehomesonline.com/full-mls.php?id=2825992

Where to go to find smiles in these tough times!

Saturday, March 7th, 2009

In our life I can recall several places you could go to be around happy people who didn’t seem to have a care in the world. We lived in Colorado before moving here and you could always count on finding friendly happy people at the ski slopes in the lift lines, chatting with you on the chair lift and of course at the apre ski gathering spots. We cleaned up our boat today and took it for it’s 2009 maiden voyage. How refreshing it was to see so many smiling faces at the marina – what recession? Young families – dad with his fishing poles, mom herding the young ones to get on the boat and of course the family dog. New boat or old boats everyone is talking to strangers and loving life. Of course, it is 80 degrees on March 12th, that helps. This has to be one of the finest boating areas there is. The new 300 slip marina on Daniel Island has been delayed, but that will surely start soon and what excitement that brings. Also, we took a new listing this week of a luxury condo at Oaks Riverside on Daniel island. The 3,200 sq. ft. “lock and leave condo” includes a 50′ boat slip a short walk from your door – now that is something to smile about too.  If the economy is getting you down go to a marina in Charleston. You will come home energized and exicted about life in our little paradise.

Auction – $7,000,000 Isle Of Palms Beachfront Home

Friday, February 27th, 2009

 UPDATE – A SUCCESSFUL BID DID NOT COME FORWARD ON THIS HOME AT THE AUCTION. IT IS STILL AVAILABLE AND THE LISTING PRICE HAS BEEN REDCUED TO $5,500,000. WE BELIEVE THHERE IS STILL A GREAT DEAL TO BE HAD ON THIS HOME. We have learned that renownded builder Tommy Evans has put his recently completed beach front home up for auction to be held March 21, 2009. This home is spectacular. It is an 8 bedroom home with open plan and massive living space, infinity pool and sits on a beautiful beach front lot. It is being offered with a starting bid of $3,000,000. If you are interested in learning more about this opportunity, please contact Scott Campebll at 843-259-9913 for full details.  For those you you who followed the recent beach front autction on Sullivan’s island, the home sold for about $1,000,000. That was a great deal on a wonderful home. Sullivan’s beach front homes typically sell for $2,000,000++.

Possible Deal Alert – 1269 Blue Sky Lane in Beresford Creek Landing

Tuesday, February 24th, 2009

1269 Blue Sky Lane, Beresford Creek Landing

 SORRY, THIS ONE IS GONE – A PRESTIGE REAL ESTATE CLIENT BOUGHT THIS HOME FOR $444,000 – FABULOUS DEAL!!! Buyers are searching for great deals in these times. 1269 Blue Sky Lane is in Beresford Creek Landing which is located next to Daniel island and very close to the Clements Ferry Road entrance to 526, the freeway that provides easy access to Charleston, shopping, the beaches and the airport. This new construction home sits on .40 acres and backs to woods. It is an easy walk to the community club house with pool and tennis courts. The home has 3,490 sq. ft.. main floor master and media room on the secodn floor. It was originally listed in June 2006 while under construction for $759,000. It has been reduced several times and is now listed at $495,000. This would make a great family home or investment property in our opinion. The home is listed by Remax. As your real estate agent, we feel confident we can negotiate a great deal on this home for you. Give us a call at 843-259-9913 for more details. Click on the photo for the full listing.

Welcome To Our Blog

Tuesday, February 24th, 2009

We are excited as we launch our blog. Our plan is to cover a wide range of subject matter that will be of interest to those looking for a new home or investment property in the Charleston area. Look for notices of properties we think are great deals, market information and fun items. Check back often and please send us an email with any feedback you would like to give us.

Sue Campbell, Scott Campbell and Mike Davis, Owners Prestige Real Estate Group