Slow Times Create Incredible Bargains for Buyers

Spring Hill, FL, March 22, 2008 --(PR.com)-- Plantation Palms, A Community of Distinctive Homes, is one of the newest Spring Hill area communities in Hernando County, Florida. It is a community of 81 lots, all of which are at least a half an acre in size. The upscale visual quality of this neighborhood is obvious when you notice the underground electric service leaving no room for unsightly electric lines. It has radiant night lighting, and sidewalks are required. With space to stretch, the developer allotted land for 2 parks, one is 1.82 acres and the other is .98 acres. Grassy swales, treed lots and a boulevard lined with Magnolia and Crape Myrtle trees add to the elegant feel of this community. Only 2 miles from the Suncoast Parkway, Plantation Palms is centrally located adjacent to the existing community of Plantation Estates & J.D. Floyd Elementary School. The minimum sized home will be at least 2,000 square feet of living space and will require at least a 2 car garage.

The first 10 buyers will be able to take advantage of a special loan package that has been negotiated with Cortez Community Bank allowing qualified buyers to make no payment and pay no interest for a period of three years. The Bank will require a 20% down payment and will offer a fixed rate loan with the interest rate fixed at National Prime as recognized by the Wall Street Journal.

Plantation Palms Developer John McRae said, “In the current tough real-estate market this will allow buyers adequate time to sell their existing home and build their new home. Buyers can take advantage of securing the land for their new home at today’s prices.”

For Deed restrictions and further information visit the web site at www.plantationpalmsfl.net

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