This is a new sub-division that was started in 2007 with approximately 2-miles of paved roads, under-ground utilities, 2-large concrete bridges, a pond, streams, timber, and lots of trails. No lots have been sold. The total developer's investment was in excess of $9,000,000. Developer declared bankruptcy and bank foreclosed. Property's new owner has since purchased a much larger parcel of land to build his private estate. This property can still be a development, or a family retreat / compound! The current owner now has the property in the Present Use Value Program, where the timber is in a management program. Taxes for the 509-acres are $846.53 per year! This is the best investment opportunity that I have ever had the opportunity to be a part of. The asking price of $1,350,000 is FIRM.
Listing courtesy of Carolina's Land, Inc..