If the owners of Hilton Head Lakes ever design a flag for their new development in Hardeeville, it should include a pontoon boat.
Families boating on the system of lakes in the 4,700-acre development are part of Hilton Head Lakes' marketing materials and neighborhood design concept; residents will be able to arrive by water at their neighbors' homes, future commercial area and amenities center.
This week's groundbreaking ceremony for the Lake Club laid to rest any doubt the developers will carry out their promises to build a first-class community, said Matt Peebles of Hilton Head Lakes."In the current economy, most developers are just holding on and not really doing anything," Peebles said. "We made the decision this year to get after it." The lake club will include a fitness center, banquet rooms and catering kitchen. Outside, a beach, infinity-edge pool, boat docks and a boat ramp will be built. The community's lakes range from 8 to 15 feet deep and will be stocked with bream and bass. The amenities center will open in July, Peebles said. "Next year we'll build a resort-style swimming pool with a lazy river," he said. Developers from North Carolina and Stratford Land of Dallas own Hilton Head Lakes in a joint venture.
Their real-estate portfolio includes communities such as Wild Wing Plantation, Plantation Lakes and Cypress River Plantation in Myrtle Beach and Governors Club in Chapel Hill, N.C. At the end of last year, the group also bought the 1,900 acre, bank-owned Tradition community on the north side of U.S. 278; it's now called Hilton Head Lakes North. Residents of both areas of Hilton Head Lakes will have access to the Tommy Fazio championship golf course on the north side and the Lake Club on the south side. The golf course is open to the public and is doing well, Peebles said."Eventually, we'll build some type of club house there," he said.
The private investor group is led by managing members Joe Brinn, Ralph Teal, Gary Ingersoll and Gilford Edwards, working in conjunction with Stratford Land. Peebles said prospective buyers are reassured that Hilton Head Lakes doesn't have bank debt.
On the community's north side, furnishings are being moved into a five-home model park built by the developers' construction company, Citizens Homes. The model homes are 1,400 to 3,000 square feet, and all homes in the community have natural gas. Custom homes also are being built, mostly on the south side. Several spec houses will be built in addition to the model homes, Peebles said. At work in the community are Reardon Custom Homes, Sea Castle Construction, H2 Builders and others. Peebles said buyers can choose to put a custom or Citizens' home "on any lot they wish, which is different than in most communities. The buyer can bring in any builder they want."Peebles said the developers are known for building communities that are sustainable without requiring high dues from owners.
They have pledged that property owners association dues at Hilton Head Lakes will never be higher than $130 a month.Home prices on the north side will range from $170,000 to $300,000, including the lot, and on the south side from $300,000, he said. For now, only the south side is boatable, but Peebles said lakes might be added on the north side in the future. The entrance to the north side of the community is being rebuilt to add waterfalls similar to those on the south side of Hilton Head Lakes. Lots start at less than $40,000. Peebles said the developers' in-house finance company provides most of the loans for lot purchases. Also, the developers are partnering with the city of Hardeeville to continue the Saturday farmer's market in the former Tradition sales center. The farmer's market will reopen in the spring, Peebles said.
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