Friday, March 7, 2014
There are currently 11 new homes under construction within DeBordieu Colony near Georgetown.
Compared to six homes completed in 2013, the increase in construction is a good sign for the local and state economy, said Bill Crowther, executive director for the Alliance for Economic Development for Georgetown County.
“An increase in building is a great thing for economic development in the area,” Crowther said.
“The economic impact will trickle down to everybody involved, including suppliers of materials and construction companies.”
Hampton Peace, broker-in-charge for DeBordieu Colony Real Estate, Inc. agreed, adding that it will also be important for the DeBordieu Colony community.
“The construction of more homes in DeBordieu bodes well for our community for a number of different reasons,” Peace said.
“Having more residents, whether primary or as second home owners, is a good thing from a DeBordieu Club perspective.”
DeBordieu Colony is home to the private DeBordieu Club, the social center of the community, and includes an oceanfront beach club, an 18-hole private Pete & P.B. Dye designed golf course, golf clubhouse, and tennis center, Peace said.
“More members and guests enhance the atmosphere and membership experience,” he added.
Peace said expanding the number of DeBordieu residences generally means more people will be visiting the DeBordieu community as both owners and guests.
“Owner and guest referrals usually account for a majority of all real estate sales within our community,” Peace said.
“I am hoping the construction of more homes will lead to an even higher level of real estate activity.”
DeBordieu has had vibrant construction activity for most of its history, Peace said.
“DeBordieu homes are an eclectic mix of architectural styles, come in a great variety of sizes, and obviously span the entire 40-plus year history of the community age-wise,” Peace said. “No one can ever say our community is outdated or reminds them of a particular era.”
He said that although DeBordieu has higher prices on average than other areas of the Waccamaw Neck, “exclusivity isn't necessarily based upon price or value.”
“Our exclusivity comes from many sources, but primarily it is derived from the limited availability of property within DeBordieu Colony and the limited opportunities for joining DeBordieu Club,” Peace said.
“Having a great place to live and play with direct access to the ocean, the North Inlet estuary, and excellent private club facilities, all found behind a very secure privacy gate is pretty appealing to just about anyone.”
DeBordieu Colony is limited to only 1250 properties on 2700 acres.
It still has over 300 unimproved homesites in private hands.
“I don't think that type of inventory exists anywhere else along this portion of our coast,” Peace said.
“More people are building at DeBordieu because it truly is something special and very unique.”
He said over the last five years, 57 homes have been constructed within the private coastal community.
The recent downturn in the real estate market affected DeBordieu as it did real estate everywhere. “The upside to that is our properties suddenly became much more affordable to a new generation of purchasers and the more experienced buyers saw how relatively well DeBordieu values held up overall throughout the recession when compared with other neighborhoods,” Peace said.