You are off to a great start by asking questions. The homes which are built in there are relatively cheaply priced, but from what I've seen the quality of the buildings should be looked at very closely. I've seen sagging porch ceilings in particular (on a couple of the new homes). There is also another property between that small subdivision and the bay and the tenant/owner had chickens and roosters running loosely around Pine Trace, the last time I drove down that street.
You might want to see it in person before saying yes or no.