We recently listed a 72 acre parcel north of Asheville having full legal access to 1,200′ of frontage on the Big Rock Creek (great trout fishing), two ponds, a gated covered bridge entrance and outstanding infrastructure. This acreage was originally to be developed into a high end single family community centered around the river and common area elements. When the crash of 2008 hit, things stalled although the owners continued maintaining the property.
Today there are just three property owners in the entire project, which means if you own these 72 acres, you only share these common areas with three other folks. There are covenants that run with the property, but they are nominal. Example, you can build rental cabins, hunt, hike, fish, ride ATVs and UTVs, etc. Its the best of both worlds. You have loads of infrastructure in place, all secured by a gated bridge crossing over the river and yet total privacy with tremendous freedom to do what you want with the land. Would make a tremendous bugout property for one or more families, or a vacation rental community. Click here for the full web page.