SUGAR MOUNTAIN

Highlights of The Reserve III include:

  • 12.78 acres in a private gated development.

  • Direct ski-in/ski-out access to perhaps the best ski mountain in the Southeast – Sugar Mountain Resort, with a summit elevation of 5,300 feet, a vertical drop of 1,200 feet, 100 percent snow-making coverage, 21 trails, 7 lifts, night-skiing and almost 700,000 annual skier-visits.

  • 21 platted lots, with each developed for a four-plex, resulting in 84 potential residential units.

  • Contiguous 8-acre parcel which is adjacent to the Oma Meadows chairlift drop-off, and could contain another 40 to 50 units for an overall total of more than 125.

  • Zoning allows for private ownership, vacation rentals, fractional ownership and Time Share.

READY TO BUILD

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.

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. Other approvals include the Preliminary Plat, Storm Drainage, Sanitary Sewer and Water Plan, Site Details, Landscaping Plan and North Carolina State Permit issued by NCDENR.

The only remaining requirement is simply to sign and record the Final Plat and pull the Building Permits. Reportedly, the Town Manager, Zoning Administrator, Planning Board and Town Council are all supportive of completing the development as soon as possible,

A significant amount of infrastructure is already in place over much of the property. It is 100 percent completed for three of the 21 lots, containing the first 12 units.

INEXPENSIVE CONSTRUCTION
Construction costs in the High Country are very inexpensive relative to the rest of the country. Such costs on the high-end would be approximately $125 per square foot.

This means a unit with 1,200 square feet (ca. 111 square meters) would only cost $150,000 to construct. Total turn-key costs, including land and infrastructure, should be approximately $200,000 per unit less General Contractor profit and overhead. Property taxes are among the lowest in the country.

SUGAR MOUNTAIN RESORT AND ENVIRONS

At the base of the slopes is Sugar Mountain Village is the small, incorporated community that contains a variety of boutique shops, restaurants and year-round activities.

A multi-million dollar new ski run (Gunther’s Way) was added in 2014. A new 6-pack lift is being added to the summit for the 2015 ski season. This new lift will reduce travel time to the summit from 20 minutes to 5 minutes.

All new snow blowing equipment was recently installed to cover 100% of the slopes. Total investment/ improvements to Sugar Mountain Resort exceed $8 million.

Owners in the 84 units at The Reserve III will have direct ski-in-ski-out access, by skiing down the slopes to chairlifts at the base. The drop-off for the Oma Meadows lift is just a short distance from the development. The available additional 12-acre parcel is contiguous to the drop-off facility.

A FOUR SEASONS
DESTINATION

The growing popularity of the North Carolina High Country is very easy to understand: beautiful panoramas, plenty of seasonal attractions and events, mild summers and an abundance of fine dining and restaurants.

SUGAR MOUNTAIN IS THE LARGEST SKI AREA

IN NORTH CAROLINA

NEW SKI RUN ADDED

A multi-million dollar new ski run (Gunther’s Way) was added in 2014. Owners in the 84 units at The Reserve III will have direct
ski-in/ski-out access.

NEW-6 PACK SKI LIFT

A new 6-pack lift is being added to the summit for the 2015 ski season. This new lift will reduce travel time to the summit from 20 minutes to 5 minutes.

new snow blowing

All new snow blowing equipment was recently installed to cover 100% of the slopes. Total investment/ improvements to Sugar Mountain Resort exceed $8 million.

Exclusive Offer

a rare buying opportunity

Build out this beautiful project and enjoy significant profit from a luxury condominium community situated in one of the most beautiful places in this country.