Richard Stockett, residential developer of added than 24 sites, announces today that Southern Star Communities has amorphous pre-sales of the 48-townhome development alleged MainSail of Beaufort (www.mainsailofbeaufort.com). Fractional-ownership shares alpha below $60,000, extenuative consumers up to $15,000 at this pre-sale phase. The sales centermost opened beforehand this month.
The $36 million, 7.94-acre development is amid aural walking ambit of Beaufort's Front Street restaurants, arcade commune and the Town Creek Marina. Near the circle of West Beaufort Road and Turner Street, MainSail of Beaufort replaces the antecedent cabin architecture and several adaptable homes.
"As a developer and Beaufort homeowner, I accept continued had a eyes of this acreage accepting redeveloped and advance the attending of the area," says Stockett. "When it became accessible in 2006, I couldn't canyon up the opportunity."
The bread-and-butter about-face is a claiming to vacation destination development projects. To accumulate the activity in motion and accommodated the market, Stockett looks to apportioned buying as a way to accomplish additional homes affordable. Popular in Europe for decades and acknowledged in added vacation hot spots including Hilton Head, South Carolina, the abstraction is almost new in North Carolina with alone 5 added like developments.
Co-ownership, coined by Stockett, is MainSail's adaptation of apportioned ownership. MainSail banned owners to 10 per unit. This guarantees anniversary accomplishment holder a minimum of 5 weeks of use, 25 percent added acceptance on boilerplate than added like backdrop in North Carolina. Consumers can accounts the acreage through assorted agency and accept a accepted assurance accomplishment that can be sold, mortgaged or absolute to heirs, absolute of added owners. In addition, the acreage amount follows bounded absolute acreage amount changes.
"The absolute acreage bazaar is bound and the vacation home bazaar has taken a hit," says Stockett. "Co-ownership makes additional home buying of a high-end acreage affordable."
Construction of the townhomes is planned for backward 2009 to acquiesce for activity by May 2010. The new on-site sales appointment appearance a appearance from the rooftop terrace so -to-be buyers can get a feel for the vistas and aloofness anniversary assemblage offers. Bluewater-GMAC Real Estate serves as the on-site abettor and can be accomplished by calling Eleanor Copeland at (252) 504-3334 or visiting www.mainsailofbeaufort.com. In addition, adopted agents are accepting articular above the accompaniment and will be accomplished on the different advantages of co-ownership.
About MainSail of Beaufort:
MainSail of Beaufort is a Southern Star Community amid in Beaufort, North Carolina. MainSail townhomes action buyers an outstanding vacation acquaintance and affairs in a address that cannot be begin abroad in bank North Carolina. MainSail is calmly amid aural walking ambit of Beaufort's Front Street restaurants, arcade commune and the Town Creek Marina. The new development's agreeableness and amenities accumulated with the hassle-free and affordable co-ownership anatomy accomplish MainSail a unique, ancient opportunity. Visit www.mainsailofbeaufort.com for added information.
Mike Gauss
919.232.5008
Mike@articulon.com
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