3 Reasons Now is the time to buy property on Dewees Island

Posted on Posted in Market News

IMG_2337

Buy Property on Dewees Island now to maximize the deal.

There are three good reasons that now is the time to buy property on Dewees Island.

  1. Price and Inventory
  2. Motivated Sellers
  3. Enjoy more of the Island

Price and Inventory

Prices are incredibly reasonable right now.  Waterfront lots with views like these are selling WAY below the original developer prices.  For more info on some of the reasons behind the low prices click here.

Lots 15 and 16, for example, are oceanfront lots and they are each listed for $175,000. They were originally purchased at the height of the real estate bubble for a million dollars each.  Both are part of the same connected group of boardwalks and private gazebo, and purchasing them both would give you a family compound for generations to come.

 

Lots 116, 111, 108, 107, and 105 are all on the Intracoastal waterway marsh with western views like these, and easy access to the docks at Lone Cedar and Big Bend.

The low prices are due to the high inventory right now.  As others go under contract, sellers may follow the lead of surrounding communities and raise the prices.  You have a chance to lock in your price before the underpriced lots are grabbed up.

Motivated Sellers

Part of the cost of a Dewees lot is the ongoing costs, which is what makes the community possible: the water, the public safety department, the clubhouse with hospitality suites and pool and tennis, and the fabulous nature programs.  Sellers are motivated for a variety of reasons: tax losses in a good stock year, change in retirement plans, family moved out of the area… whatever the reason, now is a great time to make an offer.

More Free Nights in the Clubhouse

You can enjoy more of the island in the last quarter of the year.  Lot owners get 10 free nights a year in the Hospitality suites for the cost of cleaning them, and the nights reset in January.  Even if the seller has used all their nights, the yearly count resets to 10 when you close.  So you have three months to use up your ten nights.  You can stay in any suite for the cleaning/admin fee of $75.00. (This is paid once per stay, whether you stay for one or all 10 nights.)  Friday nights are happy hour, and there are some great upcoming events that promise to make staying on the island worth it:

  • Author Brian Hicks October 7
  • Calligraphy class on October 8
  • Birding 101 on October 15
  • Robert Dixon soiree on October 21
  • Quilting workshop on October 22
  • Bird Banding demonstration on October 29
  • Halloween party October 29
  • Birding 101 on November 5
  • Wine and Warblers at the Landings November 11