Existing Improvements

There has been a GRAND TOTAL of $1,181,693.00
worth of completed improvements at the Reserve III
at Sugar Mountain, North Carolina.

Estimated Costs to Completely Build Out The Reserve III

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What has been completed on
Lots 1 thru 3 — (12 Units)

1. Electric, 462 feet – $9,240.00
2. Water, 462 feet – $13,167.00
3. Sewer, 435 feet – $17,400.00
4. Grade building sites – $15,000.00
5. Grade road – $8,500.00
6. Dirt, 250 loads – $30,000.00
7. Gravel – $12,606.00
8. Pavement – $15,280.00
9. Rock walls, $50,000.00 x 3 – $150,000.00
10. Clear and haul away stumps – $30,000.00
TOTAL – $301,193.00

The first 12 units on Lots 1-3 could be turn-key ready for occupancy in 6
to 8 months. Attractive building plans have been prepared for a typical
four-plex unit, if the purchaser wishes to use them.

Approvals have been received from Carolina Water for water and sewer hookups, with such utilities abutting the property. A paved public road passes along the property.

What has been completed on
Lots 4-7 — (16 Units)

1. Clear and haul o stumps – $80,000.00
2. Grade building site – $40,000.00
3. Rock wall – $400,000.00
4. Dirt hauled in, 400 loads – $40,000.00
5. Grade parking lot – $45,000.00
6. Drilling and hammering rock – $60,000.00
7. Electric, 800 feet – $16,000.00
8. Sewer taps – $10,000.00
9. Erosion control – $12,000.00
TOTAL – $703,000.00

Underground electrical completed; requires water
and sewer piping and road paving.

Approvals have been received from Carolina Water for water and sewer hookups, with such utilities abutting the property. A paved public road passes along the property.

What has been completed on
Lots 8-21 — (56 Units)

1. Clear and haul away stumps – $90,000.00
2. Grade road and haul away dirt – $45,000.00
3. Grade building site – $10,000.00
4. Drilling and hammering rock – $25,000.00
5. Storm drains (all 3 areas) – $7,500.00
TOTAL – $177,500.00

Requires underground electrical, water and sewer
piping and road paving.

Approvals have been received from Carolina Water for water and sewer hookups, with such utilities abutting the property. A paved public road passes along the property.

GRAND TOTAL  —  $1,181,693.00

Clearing is completed for all roads and the 21 building pads (with a total of
84 units).

The Prime Parcel which is Reserve III is part of an
Overall Established, Successful Development

Reserve III is part of a successful overall development and is the closest to the top of the mountain.

Reserve III is Ready to Go

100 percent of infrastructure exists for 12 units; all approvals are in place for water and sewer hookups which abut the site; paved public road exists to the
site; clearing has been performed for all roads and building pads.

 

Adding on to Existing Success

Part of a larger development referred to as Reserve I and II with over 200 existing vacation homes. Reserve III is closer to top of the mountain, and is the prime parcel in the overall development because it is higher up the mountain with ski-in/ski-out access to the high speed, 6 pack lift.

 

 A Variety of Applications

The 21 lots are properly zoned for 84 units of resort timeshare, fractional, vacation rentals or private ownership. Approvals have been received from Carolina Water for water and sewer hookups, with such utilities abutting the property. A paved public road passes along the property.

 

Acres of Property

4-Plex Pads

Luxury Condominiums

Happy Customers Who Are Living At The Reserve

“Fantastic views, quiet, great accommodations and very close to all the events and places in the mountains you want to visit. Great place…. My favorite place to stay in NC Mountains. Beautiful views and quality condos.

“The views, the quality of the units, the landscaping and the proximity to the slopes and all the high country has to offer make The Reserve the best places on Sugar Mountain. Did I mention the views? Gorgeous!.”