Real Estate News — Agent joins Carolina One, barrier island most affordable to build high-end residence

Heather Jackson (Photo provided).

• Large brokerage brings on one-time publishing sales rep •

Real estate agent and Zumba enthusiast Heather Jackson has joined Carolina One Real Estate in its Summerville Main Street office.

Jackson, who received her real estate license in 2007, is a member of the Shirley Phillips team.

She has earned designations as Real Estate Owned Specialist and Certified Negotiation Expert.

“Heather brings new energy and enthusiasm to our team and she welcomes all of her former clients,” Phillips says. “We are also very proud of her immediate production,” she says.

Jackson, who grew up in Charleston, previously held a sales position for 11 years with Trader Publishing Co. The Summerville resident has two children, Quinton, 17 and Kayli, 9.

According to Carolina One, she enjoys Zumba dancing, reading and a variety of outdoor activities.

Carolina One Real Estate promotes itself as the leading residential services firm in the metro Charleston market, handling nearly 32 percent of homes sales transactions as of June 30.

For more information, visit www.carolinaone.com.

• Kiawah Island found most cost-efficient in craftingsuper-luxurious house •

Foot for foot, an opulent Charleston area oceanside community offers the best deal when it comes to constructing an ultra-luxury beach home.

That’s according to a survey by Chris Pollack Ltd. of 10 top summer vacation destinations in the United States and nearby. The company describes itself as a “high-end real estate development advisory and owner’s representative” group.

Kiawah Island was the lowest cost in terms of construction per square foot at $450 and project cost per square foot at $585. By comparison, construction on highest-priced Hawaii is $950 a square foot and project cost is $1,300.

“Our study provides the high-net-worth individual with a unique window into what it actually costs to build second or summer homes in some of the most desirable locations in America,” says Chris Pollack, founder and president of Chris Pollack Ltd.

This is the company’s first study of the most cost-effective places to build a luxury summer home, he says.

“In compiling this data we looked at not just construction costs, but overall project costs as well, which includes everything from building materials, architectural and consultant fees and even permitting, adding to the square footage cost by an average of 30 percent,” Pollack says.

“High-net-worth buyers should be aware that not only do land prices vary from location to location, but so do construction and consultant costs,” he says.

Other markets and prices were Malibu, Calif., $900 per square foot construction and $1,170 a square foot project cost; Palm Beach, Fla., $850 and $1,105; Hamptons, N.Y., $850 and $1,105; Caribbean, $800 and $1,040; Miami, $750 and $975; Nantucket, Mass., $750 and $975; Cape Cod, Mass., $500 and $650; and Lake Geneva, Wis., $475 and $618.

According to the Pollack study, “value engineering” has lowered costs of the projects by 30 percent even as labor expenses on average are up in the markets by 13.8 percent from 2007.

Among the examples of value engineering are using PEX (cross-linked polyethylene) tubing in place of copper and utilizing a blend of traditional fiber glass insulation and spray foam, which both save money, he says.

Also, by taking advantage of tax incentive programs and using green building products such as geothermal heating systems, the company’s clients have cut cots while making investments towards environmentally friendly homes.

“Our summer home analysis provides a spot look at the high-end market, keeping clients abreast of the best locations based on an equalizing of per square foot costs,” Pollack says, noting that the study is the first of seasonal analyses to come.

• New neighborhood planned for Reserve at Lake Keowee •

Calling the move a first in its 12-year history, an Upstate resort is opening up home sites close to its waterfront village.

The Reserve at Lake Keowee, based in Sunset, is releasing a neighborhood of 14 homes in Marina Park, which is near the community’s waterside amenities.

The new neighborhood, Village Point is geared to second-home buyers and offers “remarkable beauty; quality, flexible floor plans; and value,” according to the resort.

Three home plans will be available at Village Point, ranging from 2,650 to 3,750 square feet. The customized homes can include terrace levels, garages and upper floors.

The neighborhood is located within five minutes by foot or golf cart from a host of The Reserve’s most popular attractions.

Situated on the water, Village Point features pedestrian pathways with manicured landscaping.

Home prices begin in the mid-$600,000s, and the homes qualify for the community’s residential rental program.

The Village Point homes’ designer is Atlanta-based Lew Oliver Inc. The contractor is Pyramid Construction, which built the resort’s pool pavilion, tennis and fitness center, Guest House Cottages and Laurel Pond neighborhood.

The architecture will be in the style of the summer lake cottage, says Lew Oliver, project architect.

“Found in lake districts and coastal villages of the Eastern Seaboard, the homes are free-form vernacular and shingle styled, with asymmetrical gables, ribbon windows and rambling porches,” he says.

The open and casual houses are designed to capture summer breezes. “Interiors will be comfortable and non-pretentious, but with a nod to style,” according to the resort. Finishings include mountain rock, handmade brick, wood shingles and siding and Arts and Crafts period colors.

Village Point will be pedestrian friendly and close to the Town Center, boat slips, clubhouse and amenities.

Chuck Pigg, community manager of The Reserve at Lake Keowee and vice president of the resort’s development partner Greenwood Communities and Resorts, says the groups for a couple of reasons are excited about Village Point.

“First, it feels great to be officially ‘back in the development business’, bringing this new product to market after prudent dormancy during the real estate recession,” he says. “Second, we are releasing our most compelling home packages to date. Never have we been able to sell property so close to the water at this price point,” he says.

The lakefront homesites historically have cost 25 percent more than what is being offered at Village Point. “We got creative with this, and we expect to be successful,” he says.

“Buzz has been building for Village Point since earlier this year,” says Rutledge Livingston, The Reserve at Lake Keowee’s director of sales.

“More than 150 people from across the country have signed up to be a part of an exclusive ‘interest’ list. We already have a handful of reservations for specific homes.”

The Reserve at Lake Keowee’s increase in sales activity is illustrative of a nationwide resurgence in second home purchasing power, the resort says.

According to the 2012 Investment and Vacation Home Buyers Survey published by the National Association of Realtors, sales activity surrounding second homes nationwide is up 64.5 percent in 2011 from 2010 and accounts for 11 percent of all real estate transactions.

Formed in 2000 by Greenwood Communities and Resorts, The Reserve at Lake Keowee is a residential community spanning 3,900 acres in the foothills of the Blue Ridge Mountains. It also has 30 miles of shoreline on Lake Keowee.

The resort offers more than $100 million in family amenities including a 200-slip Marina, Village Center, Jack Nicklaus Signature Golf Course and more than 1,400 acres of parks, preserves, trails, and green spaces.

There are about 350 members of the Reserve from 30 states, with another 660-plus extended family members who enjoy club privileges through the multi-generational Legacy Membership program.

Homesites at The Reserve start in the $100,000s while homes begin at below $500,000.

To learn more, call 877-922-LAKE (5253) or visit www.ReserveAtLakeKeowee.com.

• Foreclosures drop nationwide from year ago, rise slightly in S.C. •

Although the rate of foreclosures increased in South Carolina from a year ago, the figure was just a little bit higher than the national average.

The state’s “foreclosure inventory” as of May was 3.6 percent, up 0.5 percentage points from a year ago, according to California-based CoreLogic. The share ranked eighth among so-called “judicial foreclosure” states, which is headed by Florida at 11.9 percent. Foreclosures in those states go through a lengthier court process than in “non-judicial” states.

Nationwide, the number of completed foreclosures in May was 63,000, down from 77,000 a year earlier and up slightly over 62,000 the month before, according to CoreLogic’s National Foreclosure Report. There are 1.4 million homes across the country, or 3.4 percent of all residences with a mortgage, that are in the national foreclosure inventory —which includes all the mortgaged homes that are in some stage of the foreclosure process.

Since the financial crisis began in September 2008, there have been 3.6 million completed foreclosures across the country. Completed foreclosures are an indication of the total number of homes actually lost to foreclosure, CoreLogic explains.

“There were more than 819,000 completed foreclosures over the past year, or an average of 2,440 completed foreclosures every day over the last 12 months,” says Mark Fleming, chief economist for CoreLogic.

Although the level of completed foreclosures remains high, it is down 27 percent from a peak of 1.1 million in 2010, he says.

While foreclosure inventories in most states are declining, the foreclosure inventory is still rising in many judicial states, such as Hawaii, New York and Connecticut,” says Anand Nallathambi, president and chief executive of CoreLogic.

• Former teacher joins Carolina One as associate •

Ann Green Ailstock is the latest real estate veteran to sign with Carolina One Real Estate in its downtown Broad Street office.

Ailstock, who is a broker associate, brings almost thirty years of real estate experience to the company.

She was a school teacher and administrator for 17 years before beginning her real estate career with Ann Green Real Estate.

Ailstock, a graduate of Columbia College with bachelor’s degrees in French and English, also has a master’s degree from Converse College. She studied at the University of Neuchatel in Switzerland on a Rotary Club Fellowship.

“I am so pleased that Ann Ailstock is joining us on Broad Street,” says Nancy Roettger, Carolina One office manager. “She brings with her a very strong real estate sales background in addition to a great attitude.”

For more information, visit www.carolinaone.com.

• Pulte Homes comes to aid of courageous amputee •

A national builder with a big Charleston area presence is tackling a home project to improve Aimee Copeland’s quality of life.

Pulte Homes will be builder of a 1,956-square-feet addition for Copeland, a student from Georgia “who developed a rare bacterial infection called necrotizing fasciitis that resulted in significant health issues including multiple amputations,” the company says.

The two-story home addition is expected to be completed within 40 days, when she returns home from rehabilitation.

The space features a new bedroom, fitness room for rehabilitation and an elevator to get to other parts of the home such as the kitchen. It will also include the new Pulte Planning Center — an open room with accessibility and views to Aimee’s main space, which will be her study area for her continued education in psychology.

Pulte Homes said it volunteered for the project along with at least 30 trade partners. They are donating time, expertise and materials to ensure that the renovation is completed at no cost to the family.

“Aimee’s story and recovery has inspired many of us here at Pulte, and we were compelled to find a way to help,” says Stephen Haines, vice president of sales for Pulte Homes in Georgia.

“We have been overwhelmed by the outpouring of support to help build Aimee’s Wing — from Rob Ponder who designed the space and the general contractor Casey Moon who started demolition of the home, to our own trade partners who stepped up to be part of this effort,” Haines says. “The entire team is working to build a beautiful new space for Aimee that can help her heal both physically and emotionally.”

For more information, visit www.aimeecopeland.org. Additionally, the Pulte Homes Georgia team plans to update the progress of building the addition on Twitter @PulteHomesGA.

Pulte Homes and its sister builders Centex and Del Webb all have crafted neighborhoods in the Charleston area.

For more about Pulte Homes, visit www.pulte.com.