2500 Acres Watauga County, NC

Farm Description

The Last significant private holding and the largest parcel of land in the Northwestern Mountains of North Carolina the Ninth most populated state in the United States. Located less than 15 minutes from Boone, NC the vibrant hub of the High Country and less than 5 minutes from the Blue Ridge Parkway. From the North boundary of this property it is only ONE mile to a four-lane highway for easy access to Wilkesboro, NC and all the desirable locations of the High Country and the Yadkin Valley.

Some of the desirable characteristics of this property include:

- 2,500 acres of mature forest and gently rolling meadows

- More than 10 miles of streams with many of these miles being excellent trout water

- Many Significant Natural Water Features which include a lake, streams with multiple cascades, and waterfalls that fall from 50 feet to 180 feet

- Many miles of mountain top with panoramic views

- Significant historical points of reference are plentiful

- Merchantable timber valued at in excess of Easy access into the property at three different locations from State Maintained roadways

This is a property considered for purchase by many different entities. The State of NC has demonstrated a continuing interest to acquire it to be the last Large State Park in this area of the State.

After many decades of sustained growth, North Carolina is now ranked as the Seventh state in the United States in its rate of population growth. The land demand created by population increases combined with the very limited amount of undeveloped land remaining in this area assures a wide variety

of land use options which can create multiple exit strategies. The County land use regulations are encouraging for ownership because of the many land use options permitted by the County with no zoning and very reasonable subdivision regulations.

The Value of this property as presented in its most recently completed appraisal (available upon request) dated June of 2015 is per acre. This amount is 30% below the value of the property prior to the recession with current market conditions now showing upward pressure on its value.

Every statewide indicator is reflecting a strong positive influence on housing and real estate values in general. An option would be to purchase this property in combination with the purchase of another property owned by the same owners located near Snowshoe SKI Resort in West Virginia and by purchasing both of these tracts (Many Waters Forest and Mingo Trails Ranch) a significant reduction in price is possible.

Vicinity Information

Identified as the area having the highest averaged elevation in the Eastern part of the United States the “High Country” of Northwestern North Carolina is the home both to the oldest mountain and the place of origin of the second oldest river on Earth. Grandfather Mountain designated by the United

Nations as an International Biosphere and the New River second in age only to the Nile River are both located a short drive West of the Many Waters Forest property. The altitude, latitude, and topographic makeup of this property combine to provide it four equal seasons. Many consider the seasonal temperature ranges here to be the best you can find. Spring and Fall are warmer in the higher elevations of the property than in the surrounding valley

locations resulting in a longer growing season due to the greater number of frost-free days. The Summer is comfortable enough for most people without requiring air conditioning and the Winter has typically no more than a few days of snow. All of these factors combine to provide what many believe to be the best year-round living location in the Eastern United States.