ST. CHARLES, Md., Jan. 11, 2016 /PRNewswire/ -- The St. Charles Companies reported 269 new home sales for 2015, the fourth year in a row of more than 200 new home sales contracts and the highest annual sales yet for the 9,200 acre community in Waldorf, MD. The amenity-rich master planned community continues to be the top-selling new home community in Southern Maryland, with new townhomes and single family homes priced well below similarly located metropolitan Washington area communities. St. Charles is just 11 miles south of the Capital Beltway, offers easy access to the area's transportation corridors, and is close to Southern Maryland's military bases and the booming retail and entertainment hub at National Harbor.
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"St. Charles continues to offer new home buyers outstanding value and a wide variety of new home products," said St. Charles Companies President, Matthew Martin. He continued, "From townhomes and single family homes for the first time home buyer to larger and more luxurious homes, our builders – Lennar, Ryan Homes and K. Hovnanian® Homes® – provide top of the market floor plans and features at an unmatched price point in a master planned community."
In 2015, St. Charles expanded the breadth of new home offerings with the addition of renowned homebuilder, K. Hovnanian® Homes®. The new line of K. Hovnanian® Homes® have options for dual owner's suites, tandem 3 car garages, convenient high tech drop zones and plans with the versatility to have up to 7 bedrooms, prices starting from the $360's.
St. Charles High School, which offers unique educational opportunities to students and the community alike, continues to attract home buyers to St. Charles, as discussed in a 2015 Washington Post article. Built on a 100-acre site donated by The St. Charles Companies, the new school includes programs on environmental and natural resource management, technology, and current issues related to these fields of study, as well as cutting edge learning experiences such as a digital classroom and "Science on a Sphere." This feature, co-developed by NASA, provides students with visual instruction about science, the Earth and the environment.
"St. Charles has also experienced a strong surge in interest from retailers and business owners," said Martin, "With more than 40,000 residents, approximately 50% of Charles County's population lives within the St. Charles and Waldorf communities**, and Census data shows that the income and education level of those residents continues to increase, creating a strong and growing demand for upscale goods and services."
St. Charles, MD is the best-selling new home community in Southern Maryland and is considered one of the most successful master planned communities in the Country, recently ranked 42nd by industry data firm, John Burns Real Estate Consulting, in their independent ranking of the Top Selling Master Planned Communities of 2015 across the nation. Over the past few years, St. Charles has been featured multiple times in The Washington Post and was profiled alongside the Washington area's top master planned communities in The Washington Times (Master-Planned Towns, Age 50, Innovative Still). St. Charles has achieved record-level sales in recent years as buyers and renters recognize the advantages of a mixed-use community with unique features such as the Regency Furniture Stadium, the new West Waldorf library, and the new St. Charles High School. Named by CNN's Money Magazine as one of the top twenty small cities to live in America, St. Charles is known for its diverse and abundant neighborhoods, lively retail centers, recreational opportunities and excellent schools. St. Charles appeals to all ages and lifestyles and was named by U.S. News and World Report as one of the nation's top bargains for places to retire. St. Charles invites you to like us on Facebook at St. Charles MD or visit us at www.stcharlesmd.com.
The St. Charles Companies includes American Community Properties Trust, The Apartments of St. Charles, American Land Development and St. Charles Community, LLC. The St. Charles Companies' lines of business include the residential and commercial development of St. Charles, a 9,100 acre planned community in Charles County, Maryland and the ownership of an operating apartment portfolio of approximately 2,500 units in St. Charles.
Federal Capital Partners® (FCP) acquired The St. Charles Companies in December 2009. FCP is a privately held real estate investment company that has invested in or financed more than $4.0 billion in assets since its founding in 1999. FCP invests in all asset classes and provides equity, preferred equity and structured debt investments for commercial and residential real estate. The firm, based in Chevy Chase, MD, owns and manages in excess of $2.3 billion in assets. FCP is currently investing its third investment fund, a recently closed commingled, discretionary fund targeted at real estate markets on the East Coast of the United States. For further information on FCP, please visit www.fcpdc.com.
*Building Market Intelligence by John Burns Real Estate Consulting, January 16, 2015
**Source: Charles County Department of Economic Development
Contact: Craig Renner
301.653.4531
[email protected]
SOURCE The St. Charles Companies
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