Dec
08

Kiawah Property Owners Mull $13M Land Buy

By
– The Post and Courier

Real estate market downturns create opportunities, and one in particular is stirring some debate among Kiawah Island property owners.

Landowners in the upscale resort destination are weighing whether their community association should buy a 15-acre parcel owned by Kiawah Development Partners, the master developer of the island’s residential areas. The association has the marshfront land under contract for $13 million.

The company began clearing the land for 16 homes but has since sought other opportunities.

The purchase is tempting, given the parcel’s large size and central location. It is just beyond the second gate, near the intersection of Kiawah Island Parkway and Governor’s Drive.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.charleston.net/news/2008/dec/08/real64287/
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