| Blue Ridge Mountains yield yet another community |
| Monday, 21 January 2008 | |
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It seems there is an almost inexhaustible amount of Blue Ridge Mountain property available. Hardly a month goes by without the debut of some new large community promising unparalleled mountain views, "signature" golf and enough other amenities to fill up the week of the most active retiree. The Coves at Round Mountain in Lenoir, NC, is but one of the latest, although the development has been quietly selling lots in Phase I for a year. Comprising more than 3,600 acres about an hour from Asheville and Winston-Salem, and just north of Hickory, The Coves boasts four miles of frontage on the Johns River and The Coves has four miles of frontage on the Johns River and reaches a top elevation of 4,500 feet. Only a few Phase I properties remain, with prices starting at around $50,000 for an acre. Phase II will offer a number of lake and golf views beginning at slightly higher price points. Count on some impressive mountain views as well; the community begins at an elevation of 1,700 feet and tops out at 4,500 feet. The marketing materials are somewhat coy about the 18-hole "signature" golf course that will be built on the property. I called the sales office and was told that an architect was walking the property today and could be given the job in the next few days. Although we will respect the request to embargo the information until an announcement is made, the leading candidate is a former U.S. Open champion. As soon as they make the decision, we'll report on it here. Other details will follow as well. Click here for a location map. Comments (2)
  written by Ryan Lechtner, February 28, 2008
I heard that they were getting Hale Irwin as their signature course designer...is that true? He does some really great stuff, TPC Wakefield in Raleigh, for example. $50K for a lot in a signature golf course community seems like a pretty good value if thats the case?
 written by Larry Gavrich, February 28, 2008
Ryan -- Thanks for posting your question. I just called The Coves and although they are not confirming it publicly, I would bet you are right. There were some discussions with Fred Couples and another unnamed designer, but Irwin seems to be the one with whom they are tying things up. Look for an announcement in the next 30 days. I agree that $50,000 is outstanding for a lot in such a community, but that is a fairly remote area, and services will not catch up for a while. I hope to visit the Coves this summer for a birds eye view. Thanks again for your questions. Keep 'em coming.
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