Why it worked: Gated community in fast-growing area north of Tampa, Fla., is attracting move-up buyers from across the county line to lower tax Pasco County.
* Development north of Tampa is proceeding so fast that 33-acre Pinecrest is becoming relatively closer to the city, as new communities are planned farther north. So Pinecrest isn't as far out of town as it once may have seemed.
* Since Pinecrest is a village in the Seven Oaks master planned community, residents have access to a recreation complex with a clubhouse, tennis courts, and water park, as well as a jogging/biking trail system.
* Half of the master plan is set aside for marshy conservation areas, open space, and forest, so many homes look out to natural areas.
* Buyers tend to be move-up families with elementary school-age children. An elementary school and library are planned for Seven Oaks.
Project Credits
Project: Pinecrest, Seven Oaks, Pasco County, Fla.; Sales started: April 2003; Sales through November: Premier, 104; Nohl Crest, 34; Units planned: Premier, 201; Nohl Crest, 45; Price: Premier $331,000 to $381,000; Nohl Crest $350,000 to $375,000; Unit size: Premier 3,000 to 3,900 square feet; Nohl Crest 2,895 to 3,904 square feet; Developer: Crown Community Development, Chicago; Builder: Premier Homes of Southwest Florida, Pasco County, Fla.; Nohl Crest Homes, Tampa, Fla.; Architect: for Premier, Fine Homes by Design, Tampa, Fla. and Bloodgood, Sharp and Buster, Tampa; for Nohl Crest, in-house; Landscape designer: for Premier, Cornerstone Tree Farm, Dade City, Fla.; for Nohl Crest, in-house
Learn more about markets featured in this article: Tampa, FL.
