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Laurelmor
Overview |
Laurelmor Golf Lot 234 Opportunity |
Laurelmor Amenities |
Laurelmor Video Tour |
Laurelmor Photo Gallery |
Laurelmor Builder Photo Gallery & Info |
Additional Links of Interest |
Area Information |
Comparative Market Analysis |
Leaseback Opportunity |
Financing |
Contact Us
Laurelmor
Overview
Ginn’s Blue
Ridge Mountain Masterpiece!
Located on
6,300 acres of Blue Ridge splendor, Ginn Laurelmor will be limited
to less than
1,500 homes integrated into its natural beauty. Its
dramatic changes in elevations will offer
a variety of
picturesque views and the opportunity to create experiences
unlike anywhere
else. Your initial drive will be cut out of a scenic
ridge where you will get your first glimpse
of the world-class
mountain lodge and the community nestled throughout the valley
below.
Ginn Laurelmor is envisioned to ignite
the reemergence of the true mountain club experience. It will offer
a 100,000+ sq. ft. clubhouse
comparable to none
other than the world famous Biltmore Estate, a championship Tom Kite
signature golf course which, when finished,
will be the most
expensive golf course in the United States. It will also
feature a multi-million dollar spa and fitness facility,
exquisite
fine dining, championship tennis, rock climbing, Camp Laurelmor for kids, paintball, exclusive X-games trails, ice
skating, fly fishing, an
equestrian center and more. It is truly the
most spectacular resort undertaking ever east of the Mississippi and
will live on for generations
to come. Laurelmor is in a class of its
own.
The task of realizing the Ginn
Laurelmor vision in the Blue Ridge Mountains of North Carolina lies
in the expert hands of the Ginn Resorts
team, under the direction of
Founder Bobby Ginn. The company has earned a reputation as one of
North America’s foremost developers
and operators of resort
destinations that revolve around unparalleled club experiences.
Today, Ginn Resorts is ushering in a new era of
luxury. One marked
not only by highly sought-after amenities and world-class,
unpretentious service, but with a variety of opportunities
to
celebrate precious time reserved exclusively for family and friends.
The mountain beauty, club activities
and family gatherings will all center on the hearth of your
signature mountain home. Fashioned
from stylish natural materials
such as stone, granite and timber, your home at Ginn Laurelmor will
allow you to embrace mountain
living while reveling in modern
comfort. Open floor plans, media rooms, state-of-the-art appliances
will honor the past while embracing
the present.
Laurelmor
Golf Lot 234 Opportunity top
Laurelmor lot 234
is the
lowest priced golf lot in the entire development of 6,000+
acres! As a matter of fact, it is one of only 8 lots at
Laurelmor
with golf views. This lot is a true diamond in the rough and is
priced to sell. There is a tremendous amount of demand for golf
lots at Laurelmor and very little supply available.
There is very little
slope on this lot making for an excellent building pad,
minimizing foundation costs. The building area is absolutely
enormous at 68,207 sq. ft.. The total lot size is just as impressive
at 3.23 acres with breathtaking views of the Tom Kite
signature golf course
and mountain ranges!
List Price:
$695,000
Total acreage: 3.23
acres
Building Area: 1.57
acres
Additional
incentives on this lot include:
-
No HOA dues until the
end of 2009 ($10,000 incentive)!
-
No Club dues until
the end of 2011 ($40,000 incentive)!
-
No club membership
initiation fee ($50,000 incentive)!
-
No real estate taxes
until the end of 2009 ($4,000 incentive)!
Total Value of Incentives Exceed $100,000!
Click here to
download the lot 234 plat map
You are purchasing at
roughly 80% LTV and it will not be around for long. Please
contact us to arrange a
private showing and to request
additional information on this golf
estate lot.
Laurelmor
Amenities
top
Laurelmor's amenities package is like no other. The total cost of
the amenities package alone is in excess of $500M! The Manor at
Lauremor,
Laurelmor's clubhouse, has a projected cost in excess of
$250M! The Tom Kite signature golf course is costing over $75M to
develop and is
almost completed. To give you a better idea of just
how much this is, the 2nd most expensive golf course developed to
date in the U.S. is
Trump National at $39M. Another $50M is being
spent for water and sewer and $84M for roads ($1.4M per mile of
paved roads). Everything
else in the area is well and septic. A $28M
lake is being developed that is over 100 ft. deep, and much more!
Laurelmor by far is the most extravagant resort development EVER
undertaken in the Blue Ridge Mountains of North Carolina. There
is
literally nothing else like it east of the Mississippi.
More
details can be found below about the full amenities package at
Laurelmor.
|
Did you know there are only
three places in the country where homes prices are rising --
and Charlotte, N.C., is at the top of that very short list?
Charlotte posted the largest gains in the country at 4.3%! |
The Manor - 100,000+ Sq. Ft. Clubhouse
& Lodge Comparable to the Biltmore Estate!
 At
the heart of Ginn Laurelmor will be a spacious mountain lodge called
The Manor
at Laurelmor. Leather chairs. Roaring fireplaces. Large
windows to take in the spectacular views. The Manor's well-appointed
and elegant
interior will sit naturally in its rustic mountain
setting. In addition to a limited number of guest accommodations,
The Manor will act as heart
and soul of the Club. You'll appreciate
a professional yet refreshingly relaxed manner of all the staff.
Think first-class pampering surrounded
by majestic mountain beauty
at the Spa at Ginn Laurelmor. Your personal concierge will always be
prepared for your arrival with an itinerary
of activities for you
and your family. And the Sommelier will know your preferred wine
selections and will recommend the possibilities of
new favorites.
$75M PGA-caliber Tom Kite Signature Golf
Course!
|
 This
Tom Kite signature golf course will be the most expensive course
ever built in the
United States when completed, the 2nd most
expensive golf course being Trump National at $39M.
Ginn Laurelmor will incorporate ridge top locations and
elevation variations to create one of the most dramatic golf
experiences on the East
Coast. The first piece of the puzzle
will be a dynamic and inviting Championship golf course designed
by PGA great, Tom Kite. Since 1972,
Tom Kite has enjoyed a
vibrant presence on The Tour, posting 19 Tour victories
including the 1992 U.S. Open. While continuing to enjoy a
strong
presence on the Senior Tour, Kite has designed an exclusive
number of courses and plans to integrate Ginn Laurelmor's
diverse terrain
and sweeping views into his Signature design.
The year-round Ginn Laurelmor golf experience will also include
a full-service practice facility,
driving range and some of the
most pleasing golf holes in the U.S.
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Equestrian Center with Over 100 miles of
Trails!
Western North Carolina is known as horse country and more than a few
show winners have been raised and trained in these hills.
Ginn
Laurelmor will pay homage to this fine tradition by offering a
world-class riding program and equestrian center as a central
amenity.
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Did you
know Laurelmor broke state records in 2007 from their
original lot release? 248 out of 300 lots were sold on day 1
resulting in $155M in sales! All of this in a "down" real
estate market. You can only imagine what will happen to values
when the resort is completed and the market improves! |
Hundreds of Miles of Hiking & Biking Trails
Exploration will be the order of the day at Ginn Laurelmor - be it
your surroundings or your inner self. When you take to the hills on
foot or
wheels, you'll discover you indulge in a bit of both.
 Planned
Overnight Excursions
For a true adventure, we will offer elegant overnight campgrounds
where your canvas tent will be set up and all your gear will be
waiting for
you upon arrival. A chef will even prepare your dinner
for you when you arrive! All the fun of camping with none of the
work.
Star Gazing Trhough a Magnificent Glass Dome
Ginn Laurelmor will be dedicated to minimizing light pollution,
which will help keep the sky dark and the stars bright. Observation
Decks will
offer an inviting setting for you to explore the stars
and planets, including a magnificent glass dome overlooking the
mountains!
Championship Fly Fishing School
Fly fishing is a favorite pastime in Western North Carolina and the
region offers a number of streams for anglers to work their magic.
Ginn Laurelmor will offer guides, equipment and lessons as needed.
Skeet Shooting
Test your accuracy beyond the golf course and discover a new topic
for bragging rights. Qualified professional instructors will provide
expert training for novices or skilled marksmen.
Archery Range
Archery encourages concentration, poise and determination, but does
not require great strength or stamina. Classes will be offered for
both juniors and adults.
Camp Laurelmor for Kids
 The
Ginn Laurelmor lifestyle will be as focused on kids as it is on
grown-ups. Tree
swings and swimming holes will put to shame the
latest gizmos and ignite pure imagination in the heart of every
child. Camp Laurelmor
will offer a multitude of programs for our
junior Members, while offering an experience for kids to call their
own. A meeting place for
friends, a hangout for teenagers and a
playground for all. Camp Laurelmor will feature an indoor pool with
climbing wall, an interactive
game room and organized discovery
outings. Your children will be so busy having fun, they won't even
notice that they'll be developing
lifelong friendships and inventing
traditions that they'll pass on to their own kids.
Additional Amenities Include:
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Indoor & outdoor championship tennis
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Indoor & outdoor Olympic-size swimming pools
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Pet parks and lodge for entertainment
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Rock climbing and rope climbing walls
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Championship Paintball courses
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X-games trails carved out for snow shoeing, skiing,
snowboarding and snowmobiling
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Snow sledding hills
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Ice skating pond
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And more!
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Did you know the original lots
at Laurelmor were released centrally around the clubhouse,
with new company inventory releases being further away from
the amenities core? There are currently a couple resale
opportunities at 80% LTV. |
Laurelmor
Video Tour & Photo
top
If for some reason you are unable to view the flash video above you
may manually download it
here.
(right click + save as)
Laurelmor Photo Gallery
top
Click image to view larger
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Did you know there are leaseback
opportunities on vacant land at Laurelmor right now? You can
purchase in Laurelmor's early stages of development still, at
substantially below market, and not have a single payment
for 5 years. |
Laurelmor Builder
Photo Gallery & Info
top
Click image to view larger
|
Did you know you can buy land
for under $700,000 still, build a 4,000 sq. ft. home @ $250 /
sq. ft., and be in for under $1.7M? Comparable model homes at
Laurelmor already under construction are currently selling for
$2.4M - $3M. |
For
more information on what you can expect at $250 / sq. ft. at
Laurelmor follow the links below.
|
Did you know the Ginn Company is
80% owned by The Lupert-Adler Foundation, an ivy league Real
Estate Investment Trust? The Ginn Company has been the funds #1
performing asset for 10 years running now, and is also the
only residential asset in their portfolio. The development of
Laurelmor is moving along very quickly with a scheduled
completion date of the 3rd quarter of 2009. There
are still opportunities though to pick up distressed resales
at 80% LTV while credit is tight. |
Area Information
top
 Laurelmor
is located between the quaint towns of Boone & Blowing Rock, North
Carolina
in Wilkes and Watauga County. The 6,000+ acres that Laurelmor spans is large enough to take both Boone and Blowing Rock
and place them
within the town of Laurelmor.
Click here
to download the Laurelmor area map.
Boone acquires
its name from the famous pioneer and explorer Daniel Boone, who on
several occasions camped at a site generally agreed to
be within the
present city limits. Boone was served by the narrow gauge East
Tennessee and Western North Carolina Railroad (nicknamed
"Tweetsie")
until the flood of 1940. Boone is the home of Appalachian State
University, a constituent member of the University of North
Carolina. Appalachian State is the fifth largest university in the
sixteen campus system. Caldwell Community College & Technical
Institute
also operates a satellite campus in Boone.
Boone has an elevation of 3,266 ft (995.5 m) above sea level. During
summer, high temperatures in Boone are typically 80 °F (27 °C) or
below,
noticeably cooler than the lowland areas to the east and
south, and summers are also considerably less humid than in other
parts of the
Carolinas. The dramatic elevation changes help Boone
rank among the top in the United States for golf destinations.
During the winter you
can enjoy some of the best skiing east of the
Mississippi at the nearby skiing resorts Sugar and Beach Mountain.
The town of Blowing Rock takes its name from an unusual rock
formation which juts over 1,500 feet above the Johns River gorge.
Due to the
rock's shape and size, wind currents from the gorge often
blow vertically, causing light objects to float upwards into the
sky. The Blowing Rock
area was once fought over by the Cherokee and
Catawba Native American tribes. According to legend, two lovers -
one from each tribe - were
walking near the rocks when the man
received a notice to report to his village and go into battle. When
his lover urged him to stay with her,
he became so distraught that
he threw himself off the blowing rock into the gorge. The woman
prayed to the Great Spirit to return her lover,
and the Spirit
complied by sending a gust of wind which blew the man back up the
cliff and landed him safely on the blowing rock itself. Today
"The
Blowing Rock" is a popular tourist attraction and is well-known for
its superb views of the surrounding Blue Ridge Mountains.
Another popular tourist attraction in Blowing Rock is the Tweetsie
Railroad theme park, which is home to the only remaining
fully-functional
steam engine train in North Carolina. Visitors to Tweetsie can ride the train for three miles and enjoy the mountain
scenery; the park also
contains traditional amusement-park rides and
attractions.
Comparative Market Analysis
top
There isn’t a lot to choose from in this price
range, but when something like this does become available you can be
assured that it’s going to
sell quickly. There is a tremendous
demand for estate-sized, golf view lots near the clubhouse such as
this, and strong, recent comparable
sales to support values.
Lot 158
$1,195,000
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Lot 51
$995,000
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Lot 52
$995,000
|
Lot 54
$895,000
|
Lot 137
$895,000
|
Lot 115
$849,000
|
Leaseback
Opportunity
top
There is currently a
leaseback opportunity available on this land being offered by the
Seller. They are interested in leasing back the lot for
2 years at
$5,000 / month! The details of the leaseback are below.
$795,000 Purchase Price
24 month leaseback @ $5,000 / month
Total
leaseback amount is $120,000 and can be paid upfront at closing!
Additional incentives on this lot include:
-
No HOA dues until the
end of 2009 ($10,000 incentive)!
-
No Club dues until
the end of 2011 ($40,000 incentive)!
-
No club membership
initiation fee ($50,000 incentive)!
-
No real estate taxes
until the end of 2009 ($4,000 incentive)!
Total Value of Incentives Exceed $100,000!
|
Did you know Laurelmor's next
company inventory lot release is scheduled in 2008 with 15 -
30 acre parcels being
priced between $2M - $4M? Yet
there are still currently a few resale opportunities for
smaller, estate-sized parcels
UNDER $700,000 with
comparable if not better views and locations. These distressed
resales represent the best values
within the entire community
and countless hours of time and research by our firm.
|
Financing
top
Financing is
available at very competitive rates and high loan-to-values for this
lot. The Seller will consider carrying a 2nd mortgage as well
for
the right offer and buyer. Please contact us for rates.
Laurelmor
lot 234 is
the lowest priced golf lot in the entire development of 6,000+
acres. You are purchasing at roughly 80% LTV and it is
priced to
sell. It will not be around for long. Please contact us to arrange a
private showing and to request additional information on this golf
estate lot.
|
Contact / Request Information
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