Showing posts with label Cashiers North Carolina Real Estate. Show all posts
Showing posts with label Cashiers North Carolina Real Estate. Show all posts

Why people from Atlanta select Western North Carolina for Vacation Homes


Here's a nice article from the Atlanta Journal Constitution regarding the Cashiers, NC area and why people from Atlanta are choosing to buy their vacation home here in the mountains!

Vacation Home of the Week: Cashiers, NC

Natural beauty with plenty to do

By Lori Johnston
For the AJC

Sunday, January 18, 2009

Mark Carruth and his wife, Dena, built a second home in Cashiers, N.C., because of its laid-back locale and proximity to high-end homes Carruth was building in the area, including in Trillium. Carruth, co-founder of Windsong Properties, which also creates active adult communities in metro Atlanta, chatted about their North Carolina getaway.

Their place: This is the couple’s third home in Cashiers. Features that they haven’t had in previous vacation homes include the outdoor fireplace. “Especially this time of the year, we enjoy sitting around it. That would be the most unique feature about the house,” he said. While their home in Atlanta is more formal, the North Carolina house features natural materials such as stone and antique beams and distressed wood floors. “It’s very cozy, warm. It just has a real good feel to it,” he said. Across the street is an unusual amenity, a croquet court - and their home also backs up to a garden golf course and trails. They’re walking distance to the activities center, which has a gym, spa and indoor tennis courts.

How far from home: About three hours from the north side of Atlanta. “You’ve got this incredible drive, for the most part,” he said. “When you get off the interstate, you get into some beautiful scenic areas.”

How often theyire there: Carruth is typically there every week, for work and relaxation.
What they love about it: The solitude. “We’re in a very quiet area where you’ve got the natural beauty of the mountains surrounding you,” Carruth said.

What they do when they’re there: Golf on Trillium’s mountain course. They also enjoy hiking and mountain biking. “It’s just incredible trails, with tremendous views. We had some friends up (one) weekend and hiked up to Chimney Top,” he said. On Friday evenings, they often meet with neighbors at wine and cheese events sponsored by the development. “That’s sort of where you connect and you go out to dinner and make arrangements for weekend activities from there,” he said.

At a Glance
Mark and Carruth’s home has 2 bedrooms, 2 baths and features such as a master on the main, vaulted ceilings and a stone fireplace. The home was completed about two years ago.

Community Overview
Trillium has more than 300 existing homes, with a total of 500 planned. Prices range from $400,000-$3 million in the community, which started development 12 years ago. The homes range from 1,500-6,000 square feet, with lot sizes averaging 1 acre. They have four bedrooms and 4 baths, on average, and features such as outdoor fireplaces or fire pits and a master on the main. Amenities include a lake, 18-hole golf course and golf learning center, tennis courts, pool, two restaurants, fitness center, garden golf and croquet. Annual dues in the community, developed by Trillium Links & Village, range from $6,000-$8,500.

To tour any homes for sale feel free to contact us at 828-226-8837. Resales and developer inventory are available in the Cashiers, Highlands and Sapphire areas.

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HOMES AND LAND FOR SALE HERE


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For more information regarding Homes for Sale, Real Estate,Large Parcels of Land and Lots for sale in the Western North Carolina Area mailto:info@carolinapg.com or call 828-226-8837

RIVER ROCK Receives 20.5 Million Dollar Loan, Now what?

Good News for Real Estate Market-River Rock, Cashiers, North Carolina

Kennedy Funding, Inc.

Kennedy recently closed on a $9.54 million loan to High Grove whose principals are Robert A. Corliss and Theodore C. Morlok. Based in NorthCarolina, High Grove plans a 500-acre upscale community — High GroveEstates — at the foothills of the fabled Great Smokey Mountain range.

On the same day as the High Grove closing, the same developers closed with Kennedy on a 20.5 million loan for their River Rock community 40 miles to the south inCashiers, NC. Both communities are a short drive from major North Carolinacities and from Atlanta.

Legasus developers Robert A. Corliss and Theodore C. Morlok needed a major loan to build the Tuckasegee neighborhood of River Rock, a community in Cashiers, NC, along the Highland-Cashiers Plateau.

Cashiers, North Carolina is a hidden gem and longtime permanent or vacation home destination for affluent buyers, this area holds promise forsuccess despite the oft-reported housing market downturn.

With wooded hikingtrails, a planned entertainment and fitness complex, and with high-country living, Tuckasegee will present buyers withscenic settings and desirable lifestyle elements.

The $20.5 million loan will pay off existing debt and fund improvements including new roads, footbridges,an entrance feature, utilities, community lodge design, and constructionstartup for Phase I. The builders offered 677 acres of appropriately zonedland for collateral.

Another attraction to River Rock is Phil Mickelson's first project with his deisgn company, River Rock Golf Club in Cahiers, N.C., will debut in 2010. Weaving delicately along the natural contours of the Blue Ridge Mountains, the River Rock golf course layout is to debut in 2010 combines panoramic vistas, meandering streams and lush forests into a thrilling experience.

SEARCH MLS LISTINGS, HOMES AND LAND FOR SALE HERE

For more information regarding Homes for Sale, Real Estate,Large Parcels of Land and Lots for sale mailto:info@carolinapg.com or call 828-226-8837

Sapphire Ridge-Sapphire Valley/Cashiers, NC

I've decided to write a little review of my own when I take a tour of a community. I think it's important in deciding what to buy, and where to buy, to take a look at different areas and price ranges. Like the show "What you get for the money". This is my version!


This neighborhood is situated above Holly Forest and beneath Eagle Ridge in the Resort Community of Sapphire Valley/Cashiers, NC. Elevation is somewhere around 3,400-3,700 ft.


This community will be gated once the roads & infrastructure are completed. Large estate size lots, community water, big easterly to southwest mountain views. Owning in Sapphire Ridge will also give you access to the Sapphire Valley Amenities.


Developer will provide septic permit and survey at closing.


Lot 25 is my pick as the number one lot in this subdivision as it offers a great up close view of the face of Little Hogback Mountain and the Eastern Continental Divide. The lot is 2.7 acres


Other lots have nice creeks running through them and waterfall views as well. Pricing range from 125K to 275K and lot sizes are 1.6 to 4.0 acres in size.


For those investors looking to get in on the ground level there are no restrictions on timeframe to build. You won't be able to get up to the site without a 4 wheel drive until paving is complete, as there are signs posted at the entrance.


Let me know when you'll be in town. I'll be happy to show you the any of the lots Sapphire Ridge!




For more information regarding Real Estate, and Lots for sale mailto:info@carolinapg.com or call 828-226-8837

AVERAGE HOME SALES PRICE UP 7.5% CASHIERS, HIGHLANDS NC

Map of Western North Carolina. Cashiers is located in Jackson County. Highlands is in Macon County

Here are the latest sales figures on the Cashiers/Highlands North Carolina Home Sales





The Numbers
Entire MLS Area
1/1/07 thru 9/21/07
Versus
1/1/06 thru 9/21/06

Jan 1 2006 thru September 21 2006

Number of Sales 315
Sales Volume $198,067,747
Average List Price $672,482
Average Sales Price $628,786
Average DOM 217
% of sell to list sold for 93.5% of list


Jan 1 2007 thru September 21 2007

Number of Sales 289
Sales Volume $195,290,323
Average List Price $735,360
Average Sales Price $675,745
Average DOM 225
% of sell to list sold for 91.9% of list

State of the market

Number of Sales down 8.3 %
Sales Volume down 1.4 %
Average List Price up 9.4 %
Average Sales Price up 7.5 %
Average DOM up 3.5 %
% of sell to list down 1.8 %

Source: Closed sales on Highlands/Cashiers MLS
Single family homes







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Cashiers' NC real estate on par with other resort markets

 Whiteside Mtn. - Cashiers, NC

Whiteside Mountain Views

Cashiers' real estate on par with other resort markets


By Jessica Connor - Editor


Posted:


Wednesday, Jul 05, 2006 - 09:46:03 am EDT



Cashiers’ real estate market is “on the map” when it comes to other resort areas’ markets, say some local Realtors.The Chronicle surveyed a handful of other resort markets in the country - Highlands; Key West, Fla.; Vail, Colo.; Newport, R.I.; Martha’s Vineyard, Mass.; Hilton Head, S.C.; and Jackson Hole, Wyo.

Though our median and million-dollar home sale figures are not the highest of these markets, they are not the lowest, either.And that spells good things for the community, said Cathy Garren, vice president of the Highlands-Cashiers Board of Realtors.“I think it certainly puts us on the map, so to speak, as being one of the top resort areas in the nation,” Garren said. “We know we are one of the top beautiful areas in the nation, but more people are finding out the same thing that we already know.”

The figures represent single-family houses sold between May 16, 2005, and May 15, 2006, most retrieved through a community’s Multiple Listing Service (MLS).The numbers are as follows:

Cashiers - $510,000 median, 38 sold at $1 million and up (representing the Jackson County area of the Board of Realtors, which comprises primarily Cashiers, Glenville, Sapphire Valley, Yellow Mountain and the Norton Community)

Highlands - $542,500 median, 48 sold at $1 million and up

Key West $775,000 median, 111 sold at $1 million and up

Vail - $698,500 median, 184 sold at $1 million and up

City of Newport - $472,000 median, 27 sold at $1 million and up

Martha’s Vineyard - $712,250 median, 117 sold at $1 million and up (representing all six towns on the island)

Hilton Head - $700,000 median, 323 sold at $1 million and up

Jackson Hole $298,000 median, 170 sold at $1 million and up

For more information regarding Real Estate, and Lots for sale and new developments in the Cashiers, Highlands and Lake Glenville areas please contact us 828-226-8837

Head for the Hills-Cashiers/Highlands North Carolina

Head for the Hills
By Kathy Becker

Dry Falls, Highlands, NC


A change in climate with a change of pace -- the same thing that draws many people to Southwest Florida -- is proving to be an irresistible lure for some working Neapolitans, who find themselves heading for the high hills of Georgia and North Carolina.

In the jargon of the development real estate business, they are called half-backs or boomerangs, because many of them originally came to Florida from the north. Now they are landing about halfway back to their birthplaces, seeking getaways well above sea level.

"We moved down here from the north and find ourselves halfway," says Michael Vranek, vice president of sales at Lely Resort for Stock Development, who has a getaway place he visits nearly every other weekend in Blairsville, Ga., just south of the North Carolina border. "There are four seasons up there, but none of them are so harsh. It's so delightful in the summer. The golf courses are open 12 months of the year. There is some snow or ice, but it's gone in a few hours or a day. And there's unbelievable, true beauty. My wife's family is in Baltimore and Cleveland, and everyone can meet there. We had 13 people for Thanksgiving there last year."

June Mueller, former president of the Naples Area Board of Realtors in 1999, is semi-retired and selling real estate to Neapolitans in Cashiers, N.C. "It's the same issue that drove the baby boomers to Florida looking for a simple, safe place," she says. "They like that kind of lifestyle. It's so similar to Naples. I could see it blossoming in the same way as Naples."

Neapolitans are helping fuel North Carolina's boom. Mueller says about 25 percent of the members of the Country Club of Sapphire Valley near Cashiers are from Naples. "When I built my house three to five years ago, it was $140 a square foot to build," Mueller says. "Now it's between $200 and $450."

This is an article that was published Nov 2006 in the Naples Ilustrated Magazine.

Market Growth in Cashiers, North Carolina



Real Estate January 5, 2007, 12:01AM EST

Luxury Real Estate Snapshot: North Carolina

With its hearty economy, varied landscape, and ideal climate, North Carolina has rapidly become a magnet for wealthy homeowners
by Maya Roney

Ask a North Carolinian about the housing bubble bust, and you might get a quizzical look. Bubble? What bubble? It never happened here. In any conversation about local real estate, they will, however, be happy to tell you about "half-backers." Not a football player, but a name for affluent professionals and retirees who move from the Northeast to Florida and halfway back again, to North Carolina.

This migration pattern has contributed to the state's recent population boom and continued home sales growth, even as the U.S. housing market gets whacked due to years of speculation. North Carolina has moved past New Jersey as the 10th most populous state as its population grew 2% in 2006 to 8.8 million, according to the U.S. Census Bureau. In 20 years, it is expected to be the country's seventh most populous state.

The influx seems to be keeping North Carolina's housing market afloat. Existing home sales in the state were up 4% year to date as of November, 2006, vs. a 4.4% year-to-date decline nationwide. Compared to November, 2005, North Carolina home sales slipped 4% in November, 2006, while U.S. sales fell 10.7% in the same period.

Business Bait
"[The population growth] bodes well for real estate, both for real estate investors and practitioners," says Tim Kent, executive vice-president of the North Carolina Association of Realtors (NCAR). "We have every indication that 2006 was the sixth straight record year for home sales in North Carolina."

There's something addictive about North Carolina, the site of the first English colony in the Americas. And it's not the state's abundant tobacco crop. North Carolina's strong economy might have something to do with the recent population boom (and vice-versa). In the 2005-06 fiscal year (July 1 to June 30), the state's gross domestic product grew 3.9%, outpacing the country's 3.5% growth. North Carolina also added 120,000 jobs in 2006. Roughly 20,000 were in construction, and about 10,000 were in financial services at firms like Wachovia (WB) and Bank of America (BAC), both based in Charlotte.

"We have a migration of people, profitable banks, a good university system, and a strong military presence," says Harry Davis, chairholder and economist for the North Carolina Bankers Association. "When you put all those factors together, it creates a good economic environment, and a strong real estate sector."

Forget Florida
Another feature attracting masses to the Tar Heel State? Value. Whether you are relocating for your job or purchasing a second home, as a general rule, you can buy more house in North Carolina than you can in Palm Beach. And you'll still get the ocean view.

"I see a lot of people saying, 'As soon as I can get my home in Florida sold I'll move [to North Carolina],'" says Pat Handley, a realtor with McKee Properties in Cashiers.

The Outer Banks, with its 100 miles of beaches, has always been a popular destination for homeowners and vacationers from the Northeast. The climate is more temperate than in coastal areas further south, and the houses, though costly, are not unattainable. The most expensive beach homes on the market will run you about $5 million. In the case of our featured house in Wilmington, that price buys seven bedrooms and eight bathrooms on the ocean.

The New Aspen
As half-backers make their way to the undervalued mid-Atlantic, another kind of migration is going on within North Carolina—homeowners are fleeing the hurricanes and sweltering summers of the coast, and taking refuge in the mild weather of the western mountains.

Cashiers, a tiny resort community in the Blue Ridge Mountains, was settled about 200 years ago by pioneers from the south looking to escape the summer heat. Today, it still has four livable seasons and some stunning luxury homes. Cashiers also has plenty to do recreationally, with golf courses, streams for kayaking and canoeing, miles of unspoiled forest for hiking, and even skiing.


"Our area has been likened to Aspen as it was in the '50s, before it was developed," says McKee Properties' Pat Handley, who is marketing one of the community's highest-priced properties—a private mountaintop estate with valley and mountain views from every room—for $4.48 million.


Growing Market
Homes over $5 million are still a rarity in North Carolina, especially when you leave the secluded mountains or the coveted coast.

"Emerging is a good word for it," says Ed Willard, an agent with York Simpson Underwood, who has a 10,000-sq.-ft. home on the market for $3.895 million in one of Raleigh's most desirable neighborhoods. The average house in Raleigh, a burgeoning business center, goes for about $250,000, Willard estimates.

The relative inexpensiveness of North Carolina homes can make selling at the highest end a challenge. "The high-end market down here is a little rough," says realtor Martha Bick, whose 15,000-sq.-ft. chateau-style listing near Durham, at $7.763 million, is the second most expensive property in the state. "But it might be $20 million in New York," she adds.


For questions regarding the real estate market in North Carolina, Land Developments, and Golf Course Communities contact The Carolina Plateau Group 888-277-2006 x2 or send us an email

Why people are investing in North Carolina

HAVENS Highlands and Cashiers, N.C.; On the Blue Ridge, Twin Towns Draw a Younger Crowd
By DENISE KIERNAN


HIGHWAY 64 rises on the one-hour drive from Asheville, N.C., to the Highlands-Cashiers Plateau in the Blue Ridge Mountains. As it climbs, the cool mountain air and the wide expanse of sky offer a sense of refuge for those arriving from hot, sticky cities like Atlanta and Charleston.


That sense of refuge has drawn Southerners to homes in the twin towns of Highlands and Cashiers for well over a century. But now, with more and more part-time residents staying beyond the summer and a younger, more active set of homeowners over all, it may no longer be true to say that Highlands-Cashiers is one of the best-kept second-home secrets in the nation.


Once, the towns' trademark feature was their several golf communities for retirees, said Ann McKee Austin, a local real estate agent. But now, she said, you're likelier to see ''the S.U.V. with the Labrador in the back and the kayak on top.'' Or, as Cathy Garren, another real estate agent, put it: ''It used to be retirees from Florida. Now it's working people from Atlanta.''


They come for the mild weather and for the lush forests and waterfalls set amid stunning mountain silhouettes. But despite the climate and the setting, relative distance from big cities has helped to keep real estate prices from skyrocketing; local agents say that in the last five years, prices have increased from 12 to 20 percent. ''This is not a boom or bust area, where you have windfall years and then slack years,'' Ms. Austin said. ''It's consistent and steady. We like it that way. It's not some kind of new, made-up town on the coast of Florida.''


The Scene
Highlands and Cashiers (pronounced CASH-ers) are equally affluent fraternal twins, nestled in the midst of the Nantahala National Forest. The area has been used as a summer retreat since the mid-1800's, when wealthy families from the Low Country of South Carolina began putting up summer cottages and modest Greek Revival houses there. The town of Highlands was founded in 1875 by Kansas developers who, the story goes, drew two lines on a map, one from Chicago to Savannah, the other from New York City to New Orleans, believing that the intersection would be ideal for trade.

Today, if there is a difference between the two towns, it is that Cashiers is a little bit country, Highlands a little bit country club. Highlands, fittingly, is also higher, at an elevation of 4,113 feet to Cashiers's 3,500 feet. New homes in both towns tend to be large houses located either in gated communities or on estate lots of five acres or more.

Highlands has a proper Main Street, which draws strolling day-trippers in khakis and polo shirts. But both towns offer plenty of boutique shopping and local crafts. For activities, there's a lot to do, from pampering to playing in the rugged outdoors. You can indulge in a massage at the spa of the Old Edwards Inn on Main Street in Highlands or play croquet on the lawn of the Chattooga Club in Cashiers. Or you can climb the sheer face of Whiteside Mountain, hike to the 411-foot-tall Whitewater Falls or fish on Lake Glenville.

Mike Hays, who owns an insurance agency in Sarasota, Fla., lived between the two towns for five years and is buying a new home in Cashiers. ''I like living in Cashiers and going to Highlands,'' said Mr. Hays, a 36-year-old father of two young children. ''We've got a mountain double-jog-stroller, and we take the kids hiking with us. We go out for ice cream, We play in the yard. We're at home.'' Mr. Hays's family comes back to the area in the fall for the colors and at Thanksgiving.

Sue Gail, originally from England, lives most of the year in Fort Lauderdale, Fla., and found herself at Highlands Falls Country Club in 2001, after her husband, a developer, began working on projects in the area. Ms. Gail, 60, started the Highlands Film Festival, which just completed its second year. She and her husband spend several months in Highlands in the summer; she says many residents she knows are spending more and more time there. ''It's beautiful,'' she said. ''People are so wonderful up here. It's a rejuvenating getaway.''


Pros
Property taxes vary but are relatively low (an example: $1,485 a year for 6.94 acres). Views are long, summers are mild and breezy, and fall features a mind-boggling palette of colors.


There are many golf courses of distinction in the area. Bobby Jones spent several summers at the Highlands Country Club, and he still holds the course record. The Wade Hampton Club, designed by a golf course guru and area resident, Tom Fazio, was ranked 17th in the United States by Golf Digest in 2005.

Outdoor Magazine ranked Cashiers one of America's ''top dream towns'' in 2004.
If exerting yourself is not a priority, there are plenty of shops and restaurants in both towns, or you can hop into your car and go for a scenic drive.


Cons
Anything that travels to the Highlands-Cashiers Plateau takes the same twisting drive, and getting stuck behind a land-yacht can add time and nausea to your trip.
Unincorporated Cashiers is dry, though brown-bagging is permitted practically everywhere. Alcohol can be bought in Highlands, which is incorporated, but laws there are complicated (some restaurants can serve wine, but not beer). Nevertheless, many club communities have stocked bars and restaurants, and private restaurant clubs (membership fees range from a dollar a year to more than $100) have full permits.

Some of the restaurants and shops shut down during the winter, and even in summer, things close early. ''We do have some great restaurants,'' said Debi Dickson, an Atlanta resident who spends four months a year in Highlands. ''Just don't expect to eat at them at 10 p.m.''


The Real Estate Market
Expect to spend at least $700,000 to buy into one of the high-end, full-amenity gated communities. (Many of the club amenities in those communities close in the winter.) Houses at that price will probably not include a view or a fancy kitchen. At about $900,000, you can begin to have a house with everything: views, granite countertops, extensive decks, three bedrooms, an acre of land. Styles vary, but variations on Adirondack, Shingle-style and English cottage are popular.

Bargains can still be found in some of the smaller, older cottages in the woods, especially if you're willing to be 10 to 15 miles outside town. With some searching, you can perhaps find a little bungalow, a ranch or an A-frame in the $200,000-to-$400,000 range with two or three bedrooms, depending on the condition and age of the home.

It's not unusual for a house to stay on the market for six months because of the seasonal nature of home sales. Ms. Austin recently sold a three-bedroom, three-and-a-half-bath, 1,962-square-foot Shingle-style house on 3.47 acres in the Chattooga Club. It had another 1,069 square feet in porches and decks, views and included many antiques. It was listed at $2,295,000 and sold 35 days later for $2,245,000.

Ms. Garren recently sold a 30-year-old three-bedroom, three-bath house on .81 acres in a subdivision for $440,000. It was on the market for 64 days.

There is a good deal of new high-end development in the area, more than 3,000 acres in and around Cashiers alone. But agents suspect that the out-of-the-way location of Highlands-Cashiers, although attractive, keeps prices and development from spiraling out of control.

''We don't want the fudge factories, the T-shirt shops and water slides,'' Ms. Austin said.


LAY OF THE LAND POPULATION -- The Highlands area has about 3,000 year-round residents and about 20,000 in season. The area around Cashiers has 1,700 year-round residents and about 10,000 in season.


LOCATION -- Western North Carolina in the Blue Ridge Mountains, roughly 80 miles southwest of Asheville.


WHO'S BUYING -- Retirees with a love of golf who park themselves there for the summer and wealthy pre-retirees from nearby Atlanta who use their homes throughout the year. Still a favorite of Southerners, but Midwesterners are starting to stop in.


GETTING THERE -- Asheville's airport is the closest at about 60 miles, roughly an hour and a half drive. The Greenville-Spartanburg International Airport is a two-hour drive away in South Carolina. Atlanta is a two-and-a-half-hour drive away.

WHILE YOU'RE LOOKING -- The Old Edwards Inn and Spa (445 Main Street, 866-526-8008) on Main Street in Highlands offers Swedish massage packages, upscale shops and fine dining in Madison's Restaurant and Wine Garden. Its 30 rooms, suites and cottages start at $235.


For questions pertaining to the Cashiers/Highlands Real Estate market contact The Carolina Plateau Group info@carolinapg.com or call toll-free 888-277-2006 x2