Mountain Life Estates

Highlands 28741

MLS #Devlopment Opportunity

Mountain Life Estates

Introducing you to the exclusive Mountain Life Estates.

Welcome to Mountain Life Estates, where the timeless beauty of nature converges with the epitome of luxury living. Nestled amidst the majestic 150-year-old white pines and Rhododendrons, yet conveniently located just three blocks from town, this tranquil enclave offers a rare opportunity for those seeking an unparalleled escape from the bustle of everyday life.

Situated at N 5th Street Highlands, NC 28741, The 9.76 acres site of Mountain Life Estates boasts a prime location that seamlessly blends seclusion with accessibility. picture entering the property through a private gate and over a quaint bridge, you'll be greeted by the serene melody of a meandering stream, which gracefully traverses five of the estate lots, further enhancing the enchanting ambiance.

Imbued with a rich history dating back to the 1800's, Mountain Life Estates is currently owned by the esteemed heirs of the original Old Edwards family. Spared from the tree harvesting of 1946, the property's lush landscape serves as a testament to its enduring legacy and unwavering commitment to preserving its natural splendor.

An Opportunity to Invest

Mountain Life Properties is seeking a select group of individuals to invest in the development of unique properties in the Highlands and Cashiers area. These projects will offer distinct characteristics or locations that set them apart from the competition. The company is looking for a $9,000,000 investment with an expected return of 40% for its initial project. It plans to purchase and develop the land using cash, construct two spec homes and pre-market lots and homes upon land acquisition. Remaining lots will be developed as spec homes or built to suite for presold lots. The homes will be developed as semi-custom for the buyer.

Project Financial Summary

Land Aquisition $4,500,000.
Site design and development $800,000.
Cost per developed lot $450,000
Retail value of finished lot $600,000.
Cost of home construction $1,760,000
Retail Value of home $3,200,000
Projected profit for project $6,100,000

In conclusion, Mountain Life Estates stands as a testament to the harmonious coexistence of nature and luxury, offering a sanctuary where residents can immerse themselves in the timeless beauty of their surroundings while indulging in the finest comforts that Highlands has to offer..

For additional information or to schedule a private meeting, please contact Doug Treadwell at 828-482-2800. or email Doug@MountainLifeRe.com

The Concept

With minimum disruption caused to the natural environment, the development plan is to create one-acre building lots. The entrance to the development would be across a small bridge with a gated entrance. The stream bed would be cleaned up and a small pond added near the southeast corner of the property. With the property being adjacent to conservation land and a trail head, the homeowners would have easy direct access to the wilderness trails as well as being In-town and only a few blocks from main street.

The illustrations below represent examples of the homes to be built. The typical home would measure 3200 to 3400 square feet, contain a three car garage and will target a sale price of $3,200,000.

The demand for high quality homes either in the town of Highlands or close to the town continues to remain robust. While there are several homes in the area that are currently on the market, Mountain Life Estates provides a unique location and wooded environment that will be attractive to buyers looking to be in the City of Highlands. The average asking price or sold price for these competing homes is $3,750,000. By keeping our asking price to the $3,200,000 area and offering superior quality and environment, we will be able to consistently beat the competition for the buyer pool.

Each of the 11estate lots within Mountain Life Estates offers a unique opportunity to embrace a lifestyle of unparalleled luxury and tranquility. With building sites featuring gently sloped terrain and a select few nestled against the more dramatic slopes of Little Bear Pen Mountain, residents are afforded the peaceful quiet of woodland views that serve as the backdrop for their daily adventures.

While Mountain Life Estates exudes a timeless charm, it seamlessly integrates modern conveniences to ensure a seamless living experience. With city water and sewer readily available at the edge of the property, the development of utilities is both efficient and cost-effective, further enhancing the appeal of this exclusive enclave.

This property is located In-town and only a few blocks from main street and the downtown restaurants and shops in Highlands. Additionally, it's adjacent to conservation land and one of the many trail heads for hiking through the wilderness.

Other similar properties in the area that are available for sale, are pending, or have sold.

The home located at the top left corner was closed at $3,400,000 after being listed at $3,495,000. The home situated in the upper right is currently listed for $4,995,000 and is pending. And lastly, the dwelling to the left is listed for $3,725,000. These are a few of the homes in Highlands that are comparable to what's being proposed for Mountain Life Estates.

In town, but when you enter the property, you will feel you are truly in the wilderness.

Mountain Life Estates offers the perfect blend of modern living and nature at its finest. With just 11 homesites, this development ensures minimal disruption to the natural beauty and preservation of the majestic trees that have stood tall since the mid-1800s. (this only includes the larger property)

Come and enjoy the tranquility that is Mountain Life Estates.

The property spans 9.76 acres and is conveniently connected to City water and sewer services. Access to the Downtown area of Highlands can be gained directly from the entry point on 5th Street N, making it a highly desirable location that still manages to retain a remote vibe far removed from the hustle and bustle of City life.

You will be constantly reminded of the natural beauty here, whether it's by the sounds of the gently flowing stream that feeds into a pond to be stocked with trout, or by walking nature trails inside and outside the property that weave through the forest.