Lennar’s new town home community, Royal Palms is centrally located community in Mt. Pleasant. There are 2 to 3 bedroom plans with 2 to 2.5 baths. Royal Palms is located on Dingle Road, close to Hwy 17. For families with children, there are numerous award winning schools close by.
ROYAL PALMS is a town home subdivision which was started around 2005 and then the economy fell apart and it went through bankruptcy. It sold a couple of times and re-emerged. A developer who bought it from the developer that had picked it up from the bank has finished ROYAL PALMS. You need a little bit of vision about the location of these town homes. Within ten years, ROYAL PALMS is going to be in a super spot. Probably, the properties nearby will be sold off, with the exception of the Jehovah’s Witness’ Kingdom Hall, and redeveloped for commercial and residential use. These are very nice town homes; tri-level with bedrooms and a bath downstairs and some owners use a bedroom for an office. The garage is actually a ‘stacked’ two car. The newer units are being built by Lennar, a national builder who has developed a good bit in Charleston, not as much in Mt. Pleasant, but specifically in Park West. The units to the left are the most recently completed. I (Bob) have sold a couple of the ROYAL PALMS town homes to investors and they are leased very well. They are approximately 1800-2500 square feet. Most have hard woods throughout, except for bedrooms and there is tile in the bathrooms. Most of the units back up to green space and for the price point…..I believe the one I sold last year was in the $275K range and the ones l looked at just the other day were in the $279K-$285K range. The square footage, finish work and location are a big plus. Remember to have vision as to the area and that it will gradually be redeveloped. So, if you want to be in Mt. Pleasant, but don’t want a single family home, and need more space, these are a good option. They are less than 10 minutes from Wando High School, 20 minutes from downtown Charleston, and about 12 minutes to the beach on Isle of Palms. There are no amenities at ROYAL PALMS, so there is a small home owners association. There are currently no plans for an Amenity Center. The town homes are in the arts and crafts style. I would personally place these on my list to buy as a good investment.
