Bluffton, South Carolina Real Estate Overview

Bluffton Real Estate Owners Enjoy Explosion Of Local Real Estate Market

Bluffton, South Carolina, has come a long way from being a town of just one square mile. Over the past few years, Bluffton has annexed more than 32,000 acres of land for commercial and residential real estate development, creating a rapidly growing town. Bluffton's real estate market has exploded with continuous growth. The appeal of Bluffton, South Carolina, real estate can be found in the amenity filled communities, waterfront homes and its desirable location close to the beach.

Alongside the May and Colleton River, cozy beachfront cottages to magnificent mansions outline the Lowcountry shore. After the development of Sun City, a private residential retirement community within the Bluffton real estate market, the Bluffton, South Carolina, area boomed with tremendous development. Homes in Bluffton real estate are priced from $180,000 into the millions. The Buckwalter Parkway consists of 16 neighborhoods alone. There are several gated communities in Bluffton's real estate market, including Belfair, The Crescent, Palmetto Bluff, Hampton Lake, Eagles Point, Berkley Hall to name just a few.

Before purchasing Bluffton real estate, buyers should learn about the taxes and benefits of the area. In South Carolina, the market value of a property with up to five acres of surrounding property is assessed at four percent. If you are 65 years old or older, legally blind, or permanently and totally disabled, and have been a resident for one year, you are qualified for an exemption for the first $50,000 of the property. This property tax exemption can only be used on your main home and not a second home. In South Carolina, there is no inheritance tax and the estate tax is regulated by the federal state tax collection. If an estate is left to a spouse, it is exempt from being taxed.  //