Hilton Head Island's Little Green Signs

Posted by Rich Neste on Tuesday, December 16th, 2014 at 12:00pm.

Another reason Hilton Head Island is Special, those little green signs. You can't travel too far on Hilton Head without seeing one. About four feet high and always saying the same thing: "This (insert #) acre site is protected from commercial development by the Town of Hilton Head Island" Sometimes the parcels are only three or four acres; sometimes close to 100 acres. In total, in the last 15 years close to 1000 acres of prime commercially zoned land has been purchased by the Town and left in its natural state or developed into parks. Much of this land is right along the "main drag", HWY 278. So what could have been a gas station or a shopping complex remains: "a bunch of trees". What could have been near ocean condos or homes is now soccer fields and tennis courts.

Where does the town get the money to purchase prime high value land to either remain in its' natural state or be developed into parks for both residents and visitors to enjoy? The Town of Hilton Head has a one time "real estate transfer fee" which is .025% of the purchase price of any Real Estate transaction. That is only $250 per $100,000 and buyers seem fine with it since it only happens once and they can see that the funds enhance the value and beauty of the Island. Over the last fifteen years, and especially in the "boom" years of 2004-2006, this seemingly small fee raised millions of dollars with the proceeds being used to increase the quality of living for everyone. Thank you, Town of Hilton Head!

 

Bart Whiteman

BartWhiteman@FoundationRealtyTeam.com

Cell (843)298.0755

Office (843)686.4002

www.BlufftonRealEstateS.com

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