Real Estate Investment Opportunity
Recorded Final Plat Subdivision
29 One Acre + Lots Plus Additional 28 Acre Potential Conservation Tax Credit
Executive Summary Peaks Bald Estates
Peaks Bald Estates sits on 71 acres of land that back up to thousands of Acres of the Nantahala National forest in the Cowee Mountain area of the Smoky Mountains of North Carolina. The property has 29, 1 acre + home sites along with approx 28 acres of undeveloped land that can be used as a phase II development for Peaks Bald Estates or as a Conservation easement (Please see the article below to see the benefits of have a conservation easement as part of your investment plan).
The 71 acres was purchased in 2006 by Peaks Bald Land LLC. Within 3 months of closing Peaks Bald Development LLC commenced developing the property. By spring of 2008 the project was complete
Peaks Bald Estates is a fully developed subdivision with power by Duke Energy, phone conduit by Verizon, septic permits and erosion control plans approved and implemented by the Swain County.
The Keys That Make This A Solid Turn Key Investment Opportunity
Turning conservation easements into tax credits. Peaks Bald has approximately 28 acres of conservation area that can be used for tax deductions by designating the property back to the government. (Please consult your tax accountant for exact numbers)
Purchase Peaks Bald Land and Peaks Bald Development LLC’s as a turn Key investment.
Peaks Bald Estates is a fully developed subdivision, power by Duke Energy, phone conduit by Verizon, septic permits approved, erosion control plans approved and implemented.
Buying land in Swain County can be a challenge because very little of the land is privately owned. In all, 87% of the county – over 500 square miles – is owned by the federal government, either as part of the Great Smoky Mountains National Park or U. S. Forest Service.
The remaining 13% is highly valued because the stunning views that make this land so beautiful won’t be consumed by development. Of course, this scarcity tends to drive prices up as there are usually more people who want to buy land in the county than there are people willing to sell it.