Luxury Real Estate at DeBordieu, the oceanfront community located just south of Pawleys Island, South Carolina, is getting a whole lot of attention these days. I ran across an article that partly explains why, so I thought I would share it with you.
(The luxury homes on this page represent those on the market at DeBordieu. Click the pictures to link to more detailed information about the home. )
Here are the article’s 5 reasons, and how they apply to DeBordieu:
1. The rich are getting richer.
With luxury homes from $800,000 – you actually don’t really have to be all that “rich” to secure a primary or secondary home at DeBordieu. Now, granted, we have our fair share of rich folks, but the two common threads that run through families who purchase at DeBordieu are that they (a) have a true love of nature conservation and low-density development, and (b) they have been very successful in their businesses.
2. Jumbo mortgages are historically cheap.
Very true! Though many DeBordieu buyers prefer cash transactions, others are taking advantage of some great rates for Jumbo Loans!
3. Foreign buyers are snapping up homes.
We don’t see too many foreign buyers at DeBordieu, most of our folks are from South and North Carolina, Charlotte in particular. We have many folks from the surrounding states, Georgia, Tennessee, Kentucky, Virginia, West Virginia, and a few from up that Northeast corridor looking for warmer temperatures. However, we would love to have more foreign buyers at DeBordieu!
There are currently 18 homes in some phase of construction at DeBordieu. Three of those brand new luxury homes are being built on a speculative basis, and will be listed for sale within the next month or so. DeBordieu purchasers have found that the real fertile gound is in older homes that are structurally sound, in great locations with fabulous views, but because they are 30 – 40 years old, are in need of updates, mostly in the kitches and baths.
Many of our DeBordieu luxury home builders have been very active in creating gorgeous renovations to some of our older, more dated homes in great locations on the beach, creek, marsh, golf course, or in the forest.
5. Trade-up buyers are making moves.
Last year we saw many “trade-up” buyers making their move from the golf course to the creek, from the forest to the ocean front, or just around the corner in their current DeBordieu neighborhood. We also see many folks who have property in Pawleys Island or Litchfield coming to DeBordieu to take advantage of the remarkable amenity package.
One of the main reasons we saw so many buyers move forward with their plans to purchase luxury real estate at DeBordieu last year is simply supply and demand. The second home market is just now beginning to recover from the national real estate crisis. As we’ve recovered at DeBordieu, our inventory has been reduced. Because of that, prices have stabalized and in some cases, with very special properties, in one of a kind locations, like the one pictured here, have begun to increase.
DeBordieu is located just north of Charleston, SC, between Georgetown and Pawleys Island. DeBordieu features private golf and tennis, saltwater creek access to the ocean, a 24/7 manned security gate, and luxury homes and villas surrounded by thousands of acres of wildlife and nature preserves. People who have been to this very special community say there will never be another like DeBordieu. To come take a look, contact TroiKaz@DeBordieu.com or call 843-455-4523.
To read the entire article in the Fiscal Times, CLICK HERE.