Blue Ridge Parkway Property
Thank you for considering our developments. We thought you might like to know why we do the things we do in shaping the developments on the ground and through the legal process.
These are quaint and serene developments much like a Christmas card with single-lane paved roads winding through the woods, through extraordinary views, and by creeks and waterfalls. We’re about 25 years behind the times and willing to fight anyone who wants us to catch up.
We try to create wilderness type communities that are much like the areas you grew up in years ago. We are at about 3,000 feet of elevation and, therefore, have cool breezes most of the time. Screens on the windows prevail with air conditioning being necessary very little. Exercise machines are not necessary. It is commonplace to see neighbors walking the roads and hills for exercise in the cool air.
Wildlife includes deer, rabbits, squirrels, black bear, bobcats, and wild turkey.
In our elevations, many times, you will be seeing hawks soaring below you.
Property prices have steadily risen since we started in 1999. Our equity increases for customers has been very favorable. Most big view lots that were sold for $31,500 in 2002 will now bring $65,000-$85,000. The amount of surround view land left to be developed in other areas of Fancy Gap is very small. Further out the Parkway from us, in both directions, the view areas are about used up. Those areas are generally steeper and rockier than our area. The county and the state recently changed developmental codes to where most developing in these extreme view areas along the Parkway will not be feasible. The cost of development under the new codes will at least triple. This tripling effect will slow new developments and send our equity increases higher than ever before. We were fortunate to be able to cut out, survey and finalize, pass through the Planning Board, and record over 150 new tracts before the law changed.
Most developers didn’t think the new law would be so severe and did not cut their remaining land. Therefore, as demand increases, supply will be very short. Our prices will, therefore, remain reasonable with increases through attrition.