This ski-in, ski-out, community is
located close to the new 6-pack,
high-speed ski lift. The new partially
completed development is
FOR SALE and when complete
will represent 84 Luxury
Condominiums to be used as
rentals, private residence,
timeshare or fractional ownership.
This is a Unique Developer's Investment Opportunity!
Reserve III is a partially completed gated community located on the slopes of Sugar Mountain. Reserve I and Reserve II are located below
this ideal tract of land and have been sold out for years. All of these “Reserve” communities are luxury condominiums with spectacular
views of the Blue Ridge Mountains. Reserve III is unique in that it has ski-in/ski-out access to the high-speed ski lift.
THE RESERVE AT SUGAR MOUNTAIN
A PROVEN SUCCESS
12.78 acres that have been partially completed which will ultimately render 21, 4-plex buildings, totaling 84 units of luxury condominiums. $1.2 Million has already been spent on improvements and infrastructure. Phase 1, or 12 units, is ready to go vertical. The earlier phases of the Reserve, Reserve I and II, have been sold out for years. This Summer, there was only one resale in the entirety of Phase 1 and 2, and it sold within one week.
The North Carolina Mountains, because of their beautiful vistas and hosting year-round activities, offer a favorite destination spot for many tourists and seasonal visitors.
This ski-in/ski-out jewel of a property is located on Sugar Mountain at an elevation of 5,000+ feet overlooking majestic Grandfather Mountain.
The subject property of this offering is The Reserve III at Sugar Mountain Resort. It is in Avery County in the beautiful High Country region of the North Carolina Mountains. Due to many year-round outdoor recreational activities and climate, the High Country has long been a major tourist and vacation home destination. Besides Sugar Mountain Resort itself, well-known communities in the area include Banner Elk, Boone, Valle Crucis and Blowing Rock.
Discover Unlimited Beauty
The High Country of North Carolina
The immediate area east of Sugar Mountain Resort is the center of the High Country. Popular tourist communities include Banner Elk (1 1/2 miles), Boone (13 miles) and Blowing Rock (13 miles).
Well-known landmarks include Appalachian State University, Appalachian Trail, Blue Ridge Scenic Parkway, Grandfather Mountain and Tweetsie Railroad.
Besides excellent skiing in the winter, the area abounds in outdoor
recreational activities throughout the remainder of the year. Examples include hiking and biking trails, whitewater rafting, rock climbing, trout fishing, boating and horseback riding.
The nearby communities of Banner Elk, Boone and Blowing Rock
provide live theater, outdoor concerts, and a wide variety of shopping and restaurants. A large outdoor water park between Boone and
Blowing Rock is in the financing stage
Every year, the ski slopes at Sugar Mountain
welcome over 700,000 visitors. Because of that increased interest in the ski slopes and other area attractions in the high country, a need for rental properties has been created. Occupancy rates are currently at an all-time high and indicate an obvious shortage of units to accommodate the ever growing need.
A record visitor spending year in North Carolina saw increases in all 100 counties, including the High Country, according to a NC Dept. of Commerce report released on Aug. 23.
Tourism statistics in the area have been increasing every year for eight years. Across the three-county area of Ashe, Avery and Watauga, visitor spending has increased a total of $134.78 million since 2009, according to the commerce department’s statistics.
Watauga County saw $253.72 million in visitor spending in 2017, up 2.08 percent from 2016. The total is the 19th highest of all 100 counties in the state. Both Avery and Ashe saw growth higher than the state average of 4.2 percent as Avery saw an $125.59 million influx in 2017, up 5.14 percent from the year before; and Ashe was up 4.9 percent to $57.65 million.
A world filled with seasonal colors
If you are looking to spend your days in a place where you can truly experience all the seasons of the year, then the High Country of North Carolina is where you need to be. The old saying goes, “If you don’t like the weather, don’t worry, it will change.” It could not be truer for Ashe, Avery, and Watauga counties. Enjoy a delightful summer with day temperatures rarely reaching over 80 degrees and cool evenings that are perfect for outdoor gatherings with family and friends.
When Fall arrives, you will experience some of the best “leaf-looking” as the surrounding landscapes display their scorching colors. You might see some snow in November and on through March, but that simply allows for a longer skiing and snowboarding season. The Locals are pretty used to dealing with the snow, so unlike many areas, this place doesn’t shut down in the event of an inch or two of it.
More color comes in the spring with the vibrant, lush hues of the rhododendrons and azaleas along the Blue Ridge Parkway. The rain comes and goes throughout the year, often popping in on one side of the mountain and never touching the other, which allows a year round forecast suited for many types of recreational fun.
The cost of this investment opportunity is $2.9 Million. $1.2 Million worth of improvements have already been included. The net result of the RESERVE III development is 84 luxury condominium units with
ski-in/ski-out access to the ski lift at the top of Sugar Mountain.