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South Carolina Retirement Communities

 

Del Webb Charleston

409 Coastal Bluff Way

 Summerville, South Carolina  29483

New Del Webb Retirement Community Beckons to Retirees Seeking Wide Range of Home Prices and Top-Notch Amenities

          

 

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Active Adult Retirement Communities

 

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Summerville is a city (population 33,000) located roughly 25 northwest of historic Charleston, South Carolina.  Within Summerville is a master-planned community called Cane Bay Plantation, and within Cane Bay Plantation is a brand new Del Webb 55+ active adult retirement community named Del Webb Charleston.  This is a growing area, as real estate prices in Charleston continue to rise, and this community makes retirement here affordable and very comfortable. 

Real Estate 55+ Active Adult

 

 

Pre-construction sales started in spring of 2007, and some homes are just starting to come to completion, although the entire community is not slated for completion until 2010.  There are three series of model homes, all single-family and all built on one level; the series are separated from one another in the development, with similar-sized homes grouped together.  Smaller homes, sized from 1,103 square feet to 1,414 square feet, are priced from $179,990 to $201,990 and have two bedrooms and two baths.  The middle series has homes priced from $234,990 (1,590 square feet) to $271,990 (1,919 square feet ) and with two to three bedrooms.   The most expensive homes have 2,050 square feet to 2,590 square feet, have two to three bedrooms and two to three baths and are priced from $301,990 to $389,990.

 

This is a large community (1,000 planned homes on 360 acres) and is generating a lot of excitement as it will offer some less expensive real estate in the Charleston area, where the median home price is $224,000.   The amenities are top-class, just as they are in most Del Webb developments.  Residents here will enjoy a 20,000 square foot clubhouse that will house a state-of-the-art fitness center, a kitchen, an aerobics studio, an indoor and outdoor pool, tennis courts, bocce courts, a spa and more (the clubhouse is slated to be finished in the fall of 2008).   Preserved wetlands and blooming flowers make for lush surroundings; there will also be miles of walking trails, a gate house manned during daylight hours and full time activities director; it's hard to be bored or reclusive here.   Monthly HOA fees are $199 in addition to a yearly HOA fee of $100.  Call 843-482-4600 for more information.

There are some restrictions that should be considered.  The HOA maintains the grounds and oversees the landscaping, so no above-ground fences are permitted (so even though three pets per household are allowed, they cannot be fenced in, which could be an issue, except for those with fish).  No gardens are allowed.  Golf carts are allowed.   Children and grandchildren under the age of 19 may stay in a home for up to 90 days in a consecutive 12 month period. Anyone over the age of 19 may be a full time resident, provided one household resident is 55 years or older.  

$5,000 earnest money is required at the signing of a contract.   With the slowing housing market, Del Webb is offering some buyer incentives.  Those closing in 2007 will have the option of having their HOA fees paid for two years (a roughly $5,000 value).   South Carolina allows a $50,000 homestead exemption on the fair market value of a home for residents who are 65 years or older, and the property tax rate of 4% is charged on roughly 1% of a home's assessed value.  

Charleston is a delightful city, characterized by West African, traditional southern American and French elements.  Founded in 1670, it is known as the Holy City due to its number of churches.  Live oaks draped in Spanish moss, grand historic homes and southern hospitality all add to its charm.  Deb Web Charleston is about 30 minutes from downtown Charleston and about 30 minutes from the South Carolina coast.  Trident Medical Center and Summerville Medical Center are approximately 15 minutes away.

There are a couple of drawbacks to consider if this area of the country is on the list for potential retirement spots.  It has a significant hurricane risk (and was hit by Hurricane Hugo in 1989) and has a higher than average earthquake risk.  

Mild winters, hot, humid summers, and significant rainfall are the norm; the average January high is 58 degrees, and the average July high is 90 degrees.  January lows are in the 30s and 40s; July lows are in the 60s and 70s.  


 

Great Retirement Communities Newsletter is published four times a month by Webwerxx, Inc.  2770 S. Elmira St., #152, Denver, CO  80231. (303) 358-0512.  Copyright © 2006-2007.  All rights reserved.  No part of this electronic publication may be reproduced without the express written consent of Webwerxx, Inc.  All attempts were made to verify the accuracy of the information contained in this bulletin, but some information may have changed since publication. Webwerxx, Inc. cannot be held responsible for information that has changed since this publication appeared online.  Please contact us at staff@greatretirementspots.com if you have questions or comments. 

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