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(352) 442-2736
E-mail:
Susan@HernandoInvestments.com
For the last 30 years, "Royal Highlands" was a just group of
limerock roads in the scrubland of northwest Hernando county;
however, in recent years "Royal Highlands" has been transformed.
 The
streets are now becoming lined with brand new homes on beautifully landscaped
yards. The property owners have said they were attracted to
the area because of the low, rapidly-climbing cost of lots and the
freedom from the rules that govern many of the other newer
developments. The lots, were in very recent years, selling for
$3K - 6K; however, they are now selling for $25K and up.
The lots of "Royal Highlands" have a standard size of 1/2 acre per
lot. The lots located in the Southern portion of "Royal
Highlands" have sold for as much as $80K. A more typical
price is $35K - $50K. This is actually rather stunning since
lots in the area were selling for as low as $2K during the late
1990s. Some of the price increases have been fueled by
builders and
investors who have been purchasing large numbers of lots.
The most obvious problem with "Royal Highlands" had been the unpaved
roads; however, the residents have assessed themselves to pave many
of the roads within the subdivision. The pace of the road
improvements is sure to move faster as the population increases
along with the value of the lots. Increased population will
also create a need for collector roads - built at the expense of the
county.
The county does not have any plans to provide "Royal Highlands" with
sewer and water service, so the residents use wells and septic
tanks. The residents don't seem to mind this one bit.
The most popular draw to "Royal Highlands" is that the smallest lots
are .46 acre. This means that no one will be building their
homes uncomfortable close to anyone else's home. Everyone has
a certain amount of privacy along with peace and quiet - a fantastic
break from the everyday hustle and bustle of life.
According to the Hernando County Property Appraiser's Office, sales
in "Royal Highlands" has skyrocketed. In 2002, there were only
49 property sales. In 2003, that number increased to 404
sales. In 2004, that number more than tripled with 1,454
property sales.
People are also enjoying the freedom of owning a home that is not in
a real strict deed restricted area. Many deed restricted area prohibit
parking a boat in your yard or even having a truck in your yard that
has a business sign on it. The citizens of the deed restricted
area also have to pay dues - many people don't want to have to pay
dues to live within a community in a home they own.
Once fully developed, "Royal Highlands" there will be nearly 10,000
houses . At the moment, the rate of building in the area has
not quite caught up with the rate the lots are being purchased.
Now is the time to invest in "Royal Highlands" and purchase your
lots. The prices are only going to increase - you want to buy
while the prices are still pretty low.
FOR MORE INFORMATION ON "Royal
Highlands"
DON'T HESITATE TO CALL OR E-MAIL
ME!
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(352) 442-2736
E-mail:
Susan@HernandoInvestments.com
RAI,
Realty Associates, Inc
3088 Broad St.
Brooksville, FL 34604
Office
Phone:(352)583-2600
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