Coastal Communities

Perfecting the Coastal Carolina Lifestyle

Fortune Magazine cover story: It’s time to buy real estate

“Forget stocks. Don’t bet on gold. After four years of plunging home prices, the most attractive asset class in America is housing.”

A recent issue of Fortune Magazine featured an article on the real estate market that we thought was very interesting. The article pointed out a few observations to describe their assessment. Two important trends mentioned in the article were:

1 – The steady decline in prices which has been going on nationally since 2005 has finally hit the level where it costs less to own a house than to rent in many cities.
2 – Home builders have held back on building new homes for several years, creating the conditions for a shortage of new homes when demand goes up just a little bit.

If you would like to read the article, click here.

Now is a great time to buy real estate!

A Look Back and a Peek Ahead

In the message below, Director of Real Estate Sales Eric Johnson offers a look back at the Rivers Edge community and a peek ahead.

“A new year is well underway, and I thought you might be interested in a few 2010 highlights, as well as a projection or two for 2011.

Eight homesites were sold in 2010 for an average sales price of $103,785.00. We also had three Gallery Townhomes sell or go under contract for an average sales price of $211,333.00. Additionally, there was a large home along the Shallotte River and 16th Green that sold for over $700,000.00.

As for new construction, we were pleased to see the completion of four new homes in 2010, with three more currently under construction. With construction prices as low as they have been in years and interest rates at all time lows, it makes sense that many of our residents are taking advantage of the current opportunity to build their dream home – getting more for their construction dollar than they ever thought possible.

All indications are pointing to an increase in sales over 2010 numbers for this year. While it’s difficult to forecast an increase in values for our community, we do predict more sold properties this year and we are certain that we’ll see more people taking advantage of the tremendous opportunity to build.”

Director of Real Estate Sales Eric Johnson
Director of Real Estate Sales Eric Johnson

Ocean Ridge Property Sales Sizzling Hot

Although temperatures are cooling as summer draws to a close, property sales at Ocean Ridge are SIZZLING HOT! Ocean Ridge Plantation is celebrating FOURTEEN recently-signed contracts and even more home and homesite sales are underway.

It’s the perfect time to purchase a home or homesite or to build that new primary or secondary home you’ve been dreaming about. The quality, selection of available listings and values are incredible, and the last time average home loan interest rates were this low was in the 1950s! If you’re interested in joining the other families who are taking advantage of this rare, once-in-a-half-century opportunity, email info@oceanridge.com or simply call 800.556.6570 to speak to a real estate consultant.

Townhome Living at Rivers Edge

Have you ever thought about living in a townhome? Rivers Edge Golf Club and Plantation offers townhomes for the person who is looking for an alternative to single family home ownership and low maintenace with our Bluff and Gallery Townhomes. These homes are extremely well appointed and offer some tremendous golf and breathtaking waterfront views. For more information on current townhomes available in Rivers Edge call 800-789- 0535 or send us a contact form asking for townhome information… prices start near $300K.

Seawatch Construction and Growth

We are delighted to highlight some of the recent progress in our premier waterfront community. Seawatch at Sunset Harbor has seen construction trucks rolling in many different areas of the community lately with some projects ending as others are just beginning. The roadway paving at the entrance to and in the lower portion of the Tidal Village of our Bendigo neighborhood is now complete with the upper section of this neighborhood to follow. The bidding process for infrastructure construction in the lower portion of the Hartley neighborhood has just recently been finalized and construction is slated next. With completed sections of the community, new houses under construction and ongoing development in additional neighborhoods continuing, Seawatch is a community you need to visit and see for yourself.

Paving in Bendigo Neighborhood
Paving in Bendigo Neighborhood

Another good example is taking place just behind the Seawatch Welcome Center on Highway 211 as the 30+ acre site of Seawatch’s future coastal shopping village, The Market Place, undergoes preliminary site preparation for future construction.

If you have questions about the level of development in Seawatch or have any other questions please call our onsite team at 877.732.9282 or visit the Seawatch at Sunset Harbor website for more information and fill out the contact form to receive an information portfolio in the mail.

Award-Winning Communities

Our communities have annually been honored with placement and praise in nationally recognized publications. Here are three examples:

  • Ocean Ridge: Listed in the "Top Places To Retire" from Where To Retire Magazine.
  • Seawatch: Model home & community chosen by Coastal Living Magazine for the 2009 Coastal Living Idea House".
  • Rivers Edge: Golf course listed #12 in "Places to Play" from Golf Magazine.

Seeing is Believing

When you call or send us an email ask about our 3 days & 2 nights visitation packages. We'll help get you here at a discount so you can spend time in our communities and in coastal Carolina.