The Estate at Westbury Park – SOLD OUT - 320 units (2-01-2006)
Plantation Point (Formerly Ashley Plantation) – SOLD OUT - July 2005 - 414 units
The Legends on the Green - SOLD OUT - August 2005 – 119 units
Plantation Point - SOLD OUT - July 2005 - 414 units
The Villas at Old South - SOLD OUT - March 2005 - 144 units
Brighton Bay Villas - SOLD OUT - 153 units
The Preserve at Indigo Run - SOLD OUT - 252 units
Summer House Hilton Head - 194 units - SOLD 2007
The Reserve at Woodbridge - 214 units - SOLD 2007

CONTACT ME ABOUT NEW DEVELOPMENTS AND CONVERSION PROJECTS
GOING ON IN DOWNTOWN BEAUFORT!

Condominium conversions are thriving in the Hilton Head Island and Bluffton area. They have managed to push rental market conditions to all-time highs in occupancy as well as rental rates. Over the past two years, 1,134 units have been converted or are currently converting to condominiums, and 728 additional units slated for conversion within the next 12 months. In 2003, conversions represented approximately 36 percent of the 3,106 units in Hilton Head/Bluffton. With only 1,972 units remaining in the area, the additional conversions will move the rate closer to 60 percent. However, as stated before, a high number of converted units are being sold to investors, which is creating a “phantom rental pool.” So, the loss to the rental pool is not as significant as the numbers show. Brighton Bay, Preserve at Indigo Run, Old South and The Legends were among the first conversions in Hilton Head/Bluffton, while more recent conversions include Pine Court, Colonial at Ashley River Plantation and Westbury Park. Retail pricing for conversion sales range from $180 per square foot to more than $200 per square foot on Hilton Head Island and from $115 per square foot to more than $230 per square foot in Bluffton. Other recent developments include a portion of the Old Carolina Golf Course, which is being redeveloped for 200 new multifamily units, and the 156-unit multifamily Phase II of the Lakes at Myrtle Park which is also under construction. The Montecito Company, which recently converted the Estate at Westbury Park, is planning another conversion in the Low Country this year…………please contact me to find out when and where, I am a REALTOR® VIP member and recently sold a record number of units at Westbury.

No one has sold more conversion units that I have since these apartments began converting with Brighton Bay. My clients and I have done extremely well over the years, purchasing these at rock bottom prices as they convert. By getting in on the ground floor, we are building instant equity, putting a tenant in place in some cases, and selling them a few years later for a large profit! I am right there with my clients purchasing property at these conversions and we ALL have done well!

Westbury Conversion 2006

A look at original prices at a few of the recent conversions and their current re-sale value as of 1-2006: (Keep in mind some have views, some have water views. I used standard parking lot units ONLY in this comparison).

Brighton Bay Villas: 2003
Original 1 bedroom units, smallest: $90k
Currently 1 bedroom unit’s resale’s: $215k

Original 2 bedroom units: $135k
Currently 2 bedroom unit’s resale’s: $300k

The Preserve at Indigo Run: 2004
Original 1 bedroom units: $135k
Currently 1 bedroom unit’s resale’s: $245k

Original 2 bedroom unit, smallest: $185k
Currently 2 bedroom unit’s resale’s: $340k

The Villas at Old South: Fall of 2005 (Off Island)
Original 1 bedroom units: $85k
Currently 1 bedroom unit’s resale’s: $125k

Original 2 bedroom units: $125k
Currently 2 bedroom unit’s resale’s: $190k

Current Conversions:
Summer House
     1, 2, and 3 bedroom complex located on Marshland Road, mid Island
     Complete with pool, fitness center, car wash, club house, hammocks and detached garages,
this will be one to scoop up! Prices from $180,000 to the low $300,000's
     This will be gone before you know it, so contact me today for additional information
on the Island's newest future conversion!
SOLD 2007

Reserve at Woodbridge
1, 2, and 3 bedroom located OFF Island in Bluffton off of Buskwalter Parkway.
Villas starting from $89,990 to $159,990+. Pool, fitness center, tennis court, club house, business center,
and detached garages/storage available.
SOLD 2007

2007 and 2008 Tidal Bluff
The Island's newest conversion! Tidal Bluff of Hilton Head Island consists of
30 condominiums located off of Dillon Road.
3 bedroom, 2 bath with brand new kitchens, flooring, and updated bathrooms.
Close to the new Mitchelville Beach Park, you want to see these!
Prices starting in the high $200's

Please let me know if you would like to be kept up to date on the next condo conversions to hit the Low
Country………………they DO NOT LAST and you really need to have someone that knows what they are
doing in your corner!