It is amazing what can be accomplished by injecting a little value into a neighborhood. Do not ever underestimate the importance of "value." Take Somerset Point on Lady's Island, which is one of Beaufort, SC's main residential hubs.
Somerset Point languished for several years as the very unsuccessful Coosaw River Estates, a neighborhood which attempted to exploit the $350,000 to $400,000 price point, which was riding high in the early to mid-2000s. As the real estate market slowed, one of the most severely affected areas was this critical price point, which was popular in neighborhoods like Walling Grove, Coosaw Point and Coosaw River Estates.
In 2010 the existing Somerset Point development team re-assessed the neighborhood, the existing real estate
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