Market Confidence: Reserve at Lake Keowee adds new neighborhoods

        The surest sign of a comeback in the leisure residential market, including golf communities, is new construction. That happens when individuals who have been sitting on home sites decide the time is right to build their dream homes, and when developers have confidence that the market has turned strongly in their direction. The Reserve at Lake Keowee, citing a strong rise nationally in vacation home sales, is adding to its supply of homes in the mid-six-figure range and up.

        Between 2011 and 2012, vacation home sales rose 10.1%, and 45% of those transactions were in the U.S. South. The Reserve is not strictly a second-home community, but given its position a few hours from Atlanta and less than an hour from Greenville, the communities officials understand that a continuing improvement in the economy will drive weekenders and seasonal visitors to their front gate.

        The Village Point neighborhood is adjacent to The Reserve’s marina and just steps from the golf community’s market and post office, and pool (with lake view) and just a short golf cart ride to clubhouse, fitness and tennis center and golf practice facility. The neighborhood debuted a year ago and, since then, 11 of the 13 home sites in phase I have sold, with seven in construction already. The model at Village Point features a 2 bedroom, 2 ½ bath layout, a two-story porch and courtyard with grill and wet bar. Phase II, just announced, adds 17 more home sites with full home and land packages starting in the mid $700s.

ReserveatLK15approach

There is plenty to distract the eye at The Reserve, including the approach to the lakeside 15th green.

 

        For those looking for slightly lower prices in an upscale community, The Reserve offers its newest neighborhood, High Grove, a group of eight lake access and parkside homes that will suit either seasonal or year round residents. They are priced from the low $400s, which is the most reasonably priced new construction in the community. For those looking for a more indigenous style of home, The Reserve’s Cottages at Laurel Pond provide 1,800 square feet of open-floor plan in two post-and-beam options and prices that begin in the low $500s.

        At the The Reserve’s heart is a challenging and beautifully conditioned Jack Nicklaus Signature golf course good enough to host a Web.com tour event earlier this year. I attended one day of the tournament and it was gratifying to see the large turnout by residents to watch and, in many cases, volunteer in support of the event. I’ve now played the Nicklaus course a few times and am always impressed at its condition and layout; it isn’t exactly a walking course, given the dramatic changes in elevation, but if you play to the correct sides of the fairways and greens, you should find a fairly level lie more often than not.

        If you’d like more information on golf and real estate at The Reserve, contact us.

ReserveVillagePointhomes

The first phase of the Village Point at The Reserve has nearly sold out, prompting the announcement of a second phase of the $700,000+ homes beside the lake and marina.

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