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3 SC communities make top 50 master-planned developments based on sales

2 of 3 are near Charleston; all near coast

Cane Bay

Cane Bay Plantation ranked No. 4 among the top 50 master-planned communities in the nation based on home sales in 2021. Neighboring Nexton, also in Berkeley County, came in at No. 34. File/Andrew J. Whitaker/Staff

Two of the Charleston region's largest housing developments and another neighborhood near Beaufort rank among the top 50 master-planned communities in the nation.

Both of the Charleston-area developments are in booming Berkeley County.

Cane Bay and Nexton made the list by RCLCO Real Estate Advisors for the most home sales last year in master-planned developments. Also on the list is Latitude Margaritaville-Hilton Head in the lower part of the state at Hardeeville.

Cane Bay, which has made the list for several years running, came in at No. 4 with 1,147 sales, up 15 percent from 2020.

About 10,000 homes are planned for the 4,500-acre Cane Bay tract off U.S. Highway 176. The neighboring 2,000-acre Wildcat Tract was bought by Cane Bay developer Gramling Brothers Real Estate & Development in 2016 and will have 5,700 homes at build-out. The two tracts are both part of the overall Cane Bay development.

Nexton aerial

Nexton made the list of the top 50 master-planned communities in the nation for the second time in 2021. It joins neighboring Cane Bay Plantation and Latitude Margaritaville near Hardeeville as the only three large housing developments in South Carolina on the list. Nexton/Provided

Just south of the Cane Bay tract is Nexton. It made its debut on the list for the first time in 2020 at No. 49. Last year, the 5,000-acre development climbed to No. 34 with 576 sales, compared to 456 in 2020, according to Maryland-based RCLCO. That's a 26 percent increase.

At the end of 2021, Nexton had 1,675 occupied homes and another 250 sold and under construction, according to spokeswoman Cassie Cataline. At full buildout, Nexton will have 7,500 residences.

Cane Bay had about 6,000 homes on the ground at the end of 2021, according to spokeswoman Kelly Gramling

Together, Cane Bay and Nexton will bring more than 23,000 new homes to the Lowcountry when completed if all of the approved houses are built.

At 2.5 people per household, the two communities, both almost entirely in unincorporated areas, will have 58,000 residents. That’s more than the town of Summerville, the state’s seventh-largest municipality, has now.

In the lower part of the Palmetto State, Latitude Margaritaville-Hilton Head appeared on the list for the first time at No. 35 with 572 home sales last year. That's up from 394 in 2020 for a 45 percent increase.

The No. 1 master-planned community based on sales continued to be The Villages, a community between Orlando and Ocala, Fla., with 4,004 transactions last year, up 63 percent from the 2,452 in 2020.

Fifteen of the top 50 are in Florida, but Texas has the most, with 18. Together, they make up about 66 percent of the sales among the top 50 master-planned communities.

Changing hands

A North Charleston apartment community is now under new ownership.

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California-based Lincoln Avenue Capital paid $26.56 million for the 160-unit Bradley Square Apartments at 6600 Rivers Ave. on Dec. 30, according to the commercial real estate firm Berkadia.

Mark Boyce and Blake Coffey of Berkadia handled the sale for the seller, Virginia-based Cohen Investment Group.

The garden-style community features one- and two-bedroom floor plans with updated kitchens and large closets. Amenities include a swimming pool, fitness center, clubhouse, dog park and barbeque picnic area.

Sea Island Preserve by Pulte Homes on Johns Island Hampton model home

The Hampton is one of the several different models being offered by Pulte Homes in the new 387-home Sea Island Preserve on Johns Island. The homebuilder is releasing the first of its oversized lots in the 700-acre development off Main Road. Pulte Homes/Provided

New homes

The developer of a new 387-home housing development on Johns Island is releasing the first of its oversized homesites.

Pulte Homes is offering the one-third- to one-half-acre lots, the homebuilder's largest in the Charleston area, in the 700-acre, gated community of Sea Island Preserve off Main Road across from Mary Ann Point.

Homebuyers have the choice of 11 single-family designs, ranging from about 1,600 square feet to more than 3,200 square feet, with one or two floors. Prices run from the mid-$300,000s to the low $500,000s.

The development will include a swim club, pickleball courts, walking and biking trails, open-air pavilion and deck overlooking a water feature and greenway. About half of the site will be conservation land.

Four model homes are expected to be completed early this year, including the open concept Hampton, with four to five bedrooms and two to three baths.

The community is open by appointment only. For more information, go to Pulte.com/SeaIslandPreserve.

More multifamily

A new apartment project is slated for the Cainhoy peninsula in the city of Charleston.

Woodfield Acquisitions of Sullivan's Island wants to build 71 units on a 2.7-acre tract on Enterprise Boulevard off Clements Ferry Road.

The project is being called Woodfield Cooper River Farms II and is next to an existing 300-unit apartment development called Cooper River Farms, according to site plans.

Future commercial spaces are planned along Clements Ferry separately from the nearby proposed apartments.

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Reach Warren L. Wise at wwise@postandcourier.com. Follow him on Twitter @warrenlancewise.