Palmetto Bluff posts best sales since 2006

gsmith@islandpacket.comJanuary 8, 2013 

A construction crew continues work on homes in Palmetto Bluff Tuesday afternoon near Old Palmetto Bluff Road in Bluffton.

SARAH WELLIVER, STAFF PHOTO

Palmetto Bluff is touting a banner year, with real estate sales topping $61 million.

That breaks down to 142 transactions in 2012, more than 80 percent of which were lot sales. The rest were new and custom homes.

"(It's) the strongest since 2006," said Bryan Byrne, broker-in-charge for the high-end community in Bluffton. "And I believe it can be attributed largely to our commitment to the original vision of Palmetto Bluff being 'a place' rather than a planned development."

High-end residential sales are making a post-recession comeback, particularly in communities like Palmetto Bluff, where buyers can pick their lots and build to suit their tastes, according to Beaufort County real estate agents and builders. And Palmetto Bluff apparently is selling property at a faster clip than surrounding communities.

Here's why:

  • The Inn at Palmetto Bluff, where many future homeowners got their first glimpse of the community during overnight stays, weddings and other events. The inn has received AAA's Five Diamond rating and other national awards and publicity. "A significant percentage of buyers purchased on their very first stay at the inn," Byrne said.

  • Palmetto Bluff's work to gain more referrals from area Realtors. "Compared to 2011, in 2012 we had a seven-fold increase in broker referrals from Bluffton, Beaufort, Hilton Head and Savannah," Byrne said.

  • Susan and Bruce Treut recently purchased a lot in Palmetto Bluff, where they plan to build a house and live full-time in the next year or so.

    Susan Treut, who learned of the community in a magazine, said they love the natural scenery, golf course and well-built homes where neighbors are friendly and the choice of lots is abundant. And it doesn't hurt it's far away from the Massachusetts winters they now endure.

    "We really liked that if you wanted to be in a neighborhood where the houses are close, they've got that. If you want something where they're farther apart, they've got that," she said. "We wanted something in between, and they had that, too."

    Related content

    1. Palmetto Bluff to limit new homes near May River build more in other areas, Dec. 12, 2012
    2. Sales of high-end homes, lots making comeback, Dec. 10, 2012

    The Island Packet is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

    Commenting FAQs | Terms of Service