Sales for the resort's developer Ginn Real Estate Co. hit $28.8 million last year. Contracts included 211 lots for $24.1 million, or an average $114,218 per lot, and 17 townhomes for $4.7 million, or an average $276,471 per residence. Since opening Reunion Resort 13 months ago, the community has generated $52 million in total property sales. That total comprises 438 lots for $40 million or an average $91,324 per lot; 40 townhomes for $11 million or an average $275,000 per unit; and eight resales.
"We've been averaging one homesite sale every day since we opened and the truth is, we're just getting warmed up," says Ginn principal Jeff Davis. "This is one of the fastest-selling communities with which I've ever been associated."
When completed, Reunion Resort & Club will be a mix of full-time residences, second homes, hotel rooms and vacation ownership units with an estimated build-out value of $2 billion, Davis says.
Among the communities amenities are three championship-size golf courses designed by golf pros Arnold Palmer, Tom Watson and Jack Nicklaus and an 8,000-sf pro shop, restaurant and locker room facility scheduled for completion by fall of this year.
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