Indigo Run Real Estate
Indigo Run Home Sales Analysis & Market TrendsIndigo Run Condo Sales Analysis & Market TrendsIndigo Run Lot Sales Analysis & Market Trends
About Indigo Run
Right across Highway 278 from Hilton Head Plantation, Indigo Run’s approximately 1,780 acres lie only two miles from the beaches. Possibly the final plantation community to be added on Hilton Head Island, it has been in development since the mid-80s. Indigo Run is a private golf and residential neighborhood bordering Broad Creek’s marshes, and should hold approximately 1,400 residences at build-out. The plantation is named for the area’s once-primary crop, indigo, which was developed by botanist/plantation wife Eliza Lucas—later known as Eliza Pinckney.
Security Features
Indigo Run is equipped with manned security gates and patrolling officers.
Indigo Run: History
Indigo Run Plantation was designed with Hilton Head Plantation in mind, but as a more affordable version of plantation living. In 1985, developer Bobby Ginn used mortgages on Indigo Run property to finance an $84 million purchase from the Hilton Head Company and Vacation Resorts. Developer Richard Covelli fought and won approval from Beaufort County to begin Indigo Run, against arguments that the community would cause increased traffic on William Hilton Parkway.
Ginn went bankrupt within a year and had to sell Indigo Run to Philip Schwab, who in turn also defaulted. The property landed in the hands of a federal trust corporation established by Congress to manage and resell such projects of failed Savings & Loans agencies. In August of 1991, Indigo Run was finally sold to Melrose Corporation for $24.8 million. (Stretching 1,712 acres, Indigo Run was the largest remaining undeveloped tract on Hilton Head Island, and the original 244 lots were a mess of overgrown forest). Melrose Corporation opened sales again only five months after the purchase, and had 308 lots sold by mid-1994; such a surprising interest in Indigo Run property after six years of inactivity can be attributed in part to the community’s close proximity to shopping and schools.
