Thursday, October 30, 2008

The Divide at Bald Rock - Western North Carolina

Divide Your Time... Define Your Life...




The Western North Carolina Mountains offers a beauty all its own. It is a way of life... a place of peace and tranquility that can only be described by living it.


Creekside at The Divide:

Creekside lots nestle up to the bold fresh mountain stream of Little Hogback Creek. With its waterfall backdrop, lush forest, and stunning rock formations this is the hidden gem you have been looking for. If your desire is to experience mountain living the way it was meant to be, you owe it to yourself to experience mother nature at her finest... The Divide At Bald Rock.



Panther Ridge:

Panther Ridge boasts lots at the highest elevations in the community. At around 4500 feet this phase posses views overlooking Panthertown national forest, signature mountains such as Whiteside and Chimney Top, and vistas as far away as Georgia, South Carolina , and the Blue Ridge Parkway. These views simply must be seen to be believed. With only six homesites left this phase is a must see.
Contact Mathew S. Kowal O: 828-743-7077
C:404-394-7144

Wednesday, October 29, 2008

The Highlands-Cashiers Land Trust






"The mission of the Highlands-Cashiers Land Trust is to preservethe natural areas, scenic beauty, and green spacesof the Highlands-Cashiers Plateaufor the enjoyment and benefit of the public."



Disappearing Land
In North Carolina more than 155,000 acres of farm land and open spaces are lost each year to development. That's an average of 427 acres of open space a day, or 17 acres an hour lost forever. That is a land area the size of Charlotte, North Carolina, gone each year that will never be restored. Only you can help us protect our natural lands, water quality and wildlife.



How we Work
A land trust works privately with property owners who have a deep love for their land and want to protect it from intrusive development. Some of the ways we conserve natural areas are through:
-Fee simple donations of land to be owned and protected by the land trust forever
-Conservation easements in which property owners donate certain development rights to the land trust forever, while retaining ownership
-Bargain sales of property to the land trust at a reduced price.
All these protection methods may bring considerable tax benefits to property owners.
The Highlands-Cashiers Land Trust exists to help property owners and their community save something they love Please contact us to learn how you can leave a natural legacy for the future.





THE CONSERVATION EASEMENT


The conservation agreement is an effective means of conserving land in North Carolina. A conservation agreement or an easement, have been used to protect lands as varied as mountain ridge tops, piedmont river corridors, farms, Christmas tree farms, and coastal beaches. Nearly half of the 225,000 acres protected by Land Trusts in North Carolina are conservation easements. In Highlands and Cashiers, easements have led to the protection of nearly 1,000 acres.
Because conservation agreements have only recently become popular, most landowners are unaware of how useful this land protection tool can be. Conservation agreements enable landowners to preserve their land, maintain ownership of it, and usually realize significant tax savings and reduced property taxes.
What is a conservation agreement? A conservation agreement is a written agreement between a landowner and a qualified conservation organization such as a Land Trust in which the landowner promises to keep the land in its natural condition and the land trust is granted the right to enforce the agreement and to monitor the property.
The conservation agreement is similar to a declaration of restrictive covenants in a subdivision. It contains a series of restrictions relating to various uses of land.
Conservation agreements are intended to preserve property in its natural, undeveloped condition providing a benefit to the public by conserving open lands, forests, farmland, streams and significant natural resources. Because of the public benefit, there are federal, state, and local tax incentives for the landowner who donates a conservation agreement.
On August 17th, 2006, President Bush signed into law significant new tax incentives for conservation agreement donations that increase these incentives. The new law raises the deduction a landowner can take for donating a conservation agreement from 30 percent of their adjusted gross income in any year to 50 percent and up to a 100 percent for farmers and ranchers; increases the number of years over which a conservation easement donor can take those deductions from 6 to 16 years, and these incentives are in effect for only 2006 and 2007.


For additional information on the Highlands-Cashiers Land Trust you can contact them directly or contact The Blue Ridge Summit Group at 828-743-7077 or 404-394-7144


Tuesday, October 28, 2008

Let it Snow on the Highlands Cashiers Plateau...


In a place where it rarely snows in the dead of winter we had a beautiful fall dusting last night. It has been a friged week as we in the Western North Carolina Mountains got our first taste of winter this week. The funny part is it was probably colder than it will get all winter. We traditionally have very mild winter here on the Plateau and can enjoy days in the mid 60's even in January.

To miss the fall color of Highlands area mountains is a personal tragedy, it is a time of such beauty that it is hard to describe. Hues of oranges, yellow, red flame from the forests, hills and valleys. Mother Nature's artistic talent at her finest. Fall typically makes a gentle transition into winter, but this year we have been blasted with some cold. Thanksgiving and Christmas/New Years week are very popular times for area inns and restaurants. Winter is also a great time to see the scenic character of property that you might be interested in. During the winter months more and more retail stores, restaurants and inns remain open as the number of visitors to Highlands and Cashiers have increased greatly during these months. The Cashiers-Highlands plateau is quickly becoming a year round destination....

For more information on how to become a member of our lovely mountain community contact The Blue Ridge Summit Group at 828-743-7077 or 404-394-7144

www.dividenc.com

www.baldrock.com

Monday, October 27, 2008

Bald Rock - Equestrian Community in Western North Carolina



775 Gated acres with the most pristine mountain veiws in all of cashiers. This full service equestrian community is bordered by 6500-acres of Panthertown Valley National Forest. At a breathtaking 4100 feet Bald Rock carefully blends a limited number of estate lots with the natural beauty of a secluded wilderness. If it's a second home, a mountain retreat, or just escaping the city life come visit "Bald Rock".

For information on how to become a member of this magnificent community contact Mathew S. Kowal with The Blue Ridge Summit Group at O:828.743.7077 or C: 404.304.7144

Sunday, October 26, 2008

Is the housing market on the Highlands Cashiers Plateau near bottom??

Here is a great article I found about the housing market. Remember the the Cashiers Highlands market is always a bit ahead of the curve. I hope you enjoy.....



Bottoms Near in Housing Market

By Mike ColpittsEditor

The big question everyone seems to be asking these days is when will the bottom of the housing market hit? The toughest aspect of forecasting any real estate or financial market for that matter is this proverbial age-old question.
The bottom of the real estate market will hit the over-whelming majority of U.S. housing markets beginning in mid-2009 and slowly move across the country through mid-2010, according to the newly issued Housing Predictor forecast. The bottoms for local housing markets won't happen all at once. Instead, they'll occur in stages and slowly spread in domino fashion across the country from one market to another.
The majority of local housing markets are still working through their downturns and won't see lower pricing levels flatten until sometime in 2009, close to what we forecast last April.
In April we also forecast an up tick in home sales in many markets across the country, which developed during late summer as a result of the epidemic of foreclosures. Pent up demand played a part, and now we project lower interest rates will combine to trigger an increase in home sales by late spring, 2009.
The massive $700-billion plus bailout, efforts by special interest groups to limit the number of foreclosures and interest rate cuts will all be part of the effort to stabilize the housing market. Additional efforts by the Fed and Treasury will also act to aid the marketplace.
But the real question consumers might be more concerned about these days is just how long it will take for improving market conditions to develop in the overall housing market. Housing Predictor analysts have examined our data to determine just how many years it will take for the market to show an overall sign of improvement, and at this point in the economic cycle we just aren't sure of how many years it will take for conditions to improve. Our best guess is that that conditions might begin to show overall economic enhancements sometime by 2011.
Although still in housing depressions, markets in California, Florida, Ohio, Indiana and Michigan are showing signs that some markets are nearing their bottoms, despite many of these areas being the hardest hit in the real estate crisis.
The Housing Predictor forecast is based on studies of more than 250 markets regularly tracked by researchers.
As forecast by Housing Predictor, the national mortgage crisis triggered by Wall Street bankers working in conjunction with mortgage companies to sell loans as securities on Wall Street seized credit markets around the globe, to become the worst economic crisis since the Great Depression.
As government efforts across the world increase to stabilize nation's economies, efforts to stabilize housing markets should develop into improving overall economic conditions in coming months and at least return local housing markets to be more attractive to real estate buyers.

For more information on the Cashiers or Highlands markets, contact Mathew S. Kowal with The Blue Ridge Summit Group at 828-743-7077 or 404-394-7144

Thursday, October 23, 2008

Are you retiring in Highlands or Cashiers???

Medical Care on the Highlands Cashiers Plateau should be a concern if your looking to retire to the area.... We have a fantastic facility, The Highlands-Cashiers Hospital. Here is some food for thought when it comes to your health on the Plateau.




The Mission Statement



For more than half a century, Highlands-Cashiers Hospital has been dedicated to serving the medical needs of the people of southern Macon and Jackson Counties. In recent years we extended quality medical care to people in western Transylvania County and to residents of the Sky Valley and Dillard communities in neighboring Rabun County, GA.
Highlands-Cashiers Hospital is a modern 24-bed hospital and 80-bed long-term nursing center (the Fidelia Eckerd Living Center) staffed by highly qualified, dedicated physicians and a caring team of medical professionals.

The hospital continues to expand its services to provide you with the widest possible range of quality heath care. Our full-time medical staff and roster of associated physicians continues to grow.
In fact, medical specialties usually found only in much larger, metropolitan areas are now available locally. We've also expanded the range of diagnostic procedures available "on the mountain" by adding important new equipment and also utilizing a variety of mobile services, including bone density testing, nuclear medicine scans, and stereotactic breast biopsy.
And through our series of community health screenings, we're bringing heath care practically to your doorstep.
Although we've grown in recent years, we still go the extra mile to make you feel special every time you pass through our doors. Whether you are a patient, a family member, or a visitor, you're among friends who care about you as well as for you.




How do I get to the Medical campus????



Highlands-Cashiers Hospital is located just off US 64 between Highlands and Cashiers, NC -- approximately four miles east of Highlands and eight miles west of Cashiers.


From the South, travellers should take GA 246 to the right just north of Dillard, GA (which becomes NC 106) and follow it until it intersects with US 64 in Highlands (turn right at the first stop light and continue on US 64 east until you reach the Hospital campus).
If you need to phone the hospital....
Main Switchboard..................(828) 526-1200
For All Emergencies, Call 911
For more information on how to become a member of our gorgeous mountain community contact Mathew S. Kowal with The Blue Ridge Summit Group at 828-743-7077 or 404-394-7144

Tuesday, October 21, 2008

The Highland Hiker - A staple of the Highlands and Cashiers Area




When your traveling in the Western North Carolina Mountains, and you find that you have forgotten something, the Highland Hiker is the place to go. With locations in both Highlands and Cashiers you are sure to find what you are missing. The Store is filled with the mountain essentials from socks and shoes, to climbing gear, camping equipment, you name it they've got it. One of my favorite things they sell is the guide to day hikes. It breaks it down for you with difficulty levels, and even how long the hikes take. When you here on the Plateau, don't forget to stop at the Highland Hiker or visit their web-site at http://www.highlandhiker.com/






For more information on how to become a member of our mountain community contact The Blue Ridge Summit Group at O:828-743-7077 C:404-394-7144




Highland Hiker Day Hike Guide

The purpose of this trail guide is to provide information to visitors on many of the local hiking trails that can be completed in one day or less. It covers a large area encompassing parts of 3 states, 3 National Forests, and some state and private lands.
The guide includes a general location map to show the approximate location of the trails. It can be used to determine which trails are closest when time is limited. An appendix at the end of the guide lists the trails in the approximate order of their length and severity. The shortest and easiest trails appear first.
Several of the trails detailed in this guide have hand drawn maps to help orientate you before, during, and after your hikes.

Monday, October 20, 2008

Carving up the Highlands Cashiers area....


A South Africans First Halloween....



As he explained to us that he wanted to carve a pumpkin, we replied, "go ahead". Little did we know or even realize that he was from South Africa and had never carved a pumpkin before. We showed him all different types of Jack-O-Lanterns. Well Floris decided he had the artistic ability to carve some pretty intricate designs. Now keep in mind he is a builder by trade so we thought he would be savvy enough to accomplish his seemingly lofty goals.




So he begins to gut the pumpkin and make an awful mess.... I guess we forgot to tell him about newspaper.... After carefully drawing his design on the pumpkin he began carving. The carving was slow going. A few moments later from in the house we heard a loud noise, what could it be??? It was just Floris carving his pumpkin with a jigsaw to make it go faster. A great time was had by all and we got to see Floris carve his first ever pumpkin with a jigsaw.
For more information on how to become a member of our fun-filled mountain community contact The Blue Ridge Summit Group at O: 828-743-7077 C: 404-394-7144

Highlands and Cashiers a True Haven


I found this article in the New York Times and it seems to really give some insight into what exactly is happening on the Highlands-Cashiers Plateau



HAVENS Highlands and Cashiers, N.C.; On the Blue Ridge, Twin Towns Draw a Younger Crowd

By DENISE KIERNAN
Published: September 30, 2005
HIGHWAY 64 rises on the one-hour drive from Asheville, N.C., to the Highlands-Cashiers Plateau in the Blue Ridge Mountains. As it climbs, the cool mountain air and the wide expanse of sky offer a sense of refuge for those arriving from hot, sticky cities like Atlanta and Charleston.
That sense of refuge has drawn Southerners to homes in the twin towns of Highlands and Cashiers for well over a century. But now, with more and more part-time residents staying beyond the summer and a younger, more active set of homeowners over all, it may no longer be true to say that Highlands-Cashiers is one of the best-kept second-home secrets in the nation.
Once, the towns' trademark feature was their several golf communities for retirees, said Ann McKee Austin, a local real estate agent. But now, she said, you're likelier to see ''the S.U.V. with the Labrador in the back and the kayak on top.'' Or, as Cathy Garren, another real estate agent, put it: ''It used to be retirees from Florida. Now it's working people from Atlanta.''
They come for the mild weather and for the lush forests and waterfalls set amid stunning mountain silhouettes. But despite the climate and the setting, relative distance from big cities has helped to keep real estate prices from skyrocketing; local agents say that in the last five years, prices have increased from 12 to 20 percent. ''This is not a boom or bust area, where you have windfall years and then slack years,'' Ms. Austin said. ''It's consistent and steady. We like it that way. It's not some kind of new, made-up town on the coast of Florida.'' The Scene
Highlands and Cashiers (pronounced CASH-ers) are equally affluent fraternal twins, nestled in the midst of the Nantahala National Forest. The area has been used as a summer retreat since the mid-1800's, when wealthy families from the Low Country of South Carolina began putting up summer cottages and modest Greek Revival houses there. The town of Highlands was founded in 1875 by Kansas developers who, the story goes, drew two lines on a map, one from Chicago to Savannah, the other from New York City to New Orleans, believing that the intersection would be ideal for trade.
Today, if there is a difference between the two towns, it is that Cashiers is a little bit country, Highlands a little bit country club. Highlands, fittingly, is also higher, at an elevation of 4,113 feet to Cashiers's 3,500 feet. New homes in both towns tend to be large houses located either in gated communities or on estate lots of five acres or more.
Highlands has a proper Main Street, which draws strolling day-trippers in khakis and polo shirts. But both towns offer plenty of boutique shopping and local crafts. For activities, there's a lot to do, from pampering to playing in the rugged outdoors. You can indulge in a massage at the spa of the Old Edwards Inn on Main Street in Highlands or play croquet on the lawn of the Chattooga Club in Cashiers. Or you can climb the sheer face of Whiteside Mountain, hike to the 411-foot-tall Whitewater Falls or fish on Lake Glenville.
Mike Hays, who owns an insurance agency in Sarasota, Fla., lived between the two towns for five years and is buying a new home in Cashiers.
''I like living in Cashiers and going to Highlands,'' said Mr. Hays, a 36-year-old father of two young children. ''We've got a mountain double-jog-stroller, and we take the kids hiking with us. We go out for ice cream, We play in the yard. We're at home.'' Mr. Hays's family comes back to the area in the fall for the colors and at Thanksgiving.
Sue Gail, originally from England, lives most of the year in Fort Lauderdale, Fla., and found herself at Highlands Falls Country Club in 2001, after her husband, a developer, began working on projects in the area.
Ms. Gail, 60, started the Highlands Film Festival, which just completed its second year. She and her husband spend several months in Highlands in the summer; she says many residents she knows are spending more and more time there. ''It's beautiful,'' she said. ''People are so wonderful up here. It's a rejuvenating getaway.'' Pros
Property taxes vary but are relatively low (an example: $1,485 a year on a $1,675,000 house on 6.94 acres). Views are long, summers are mild and breezy, and fall features a mind-boggling palette of colors.
There are many golf courses of distinction in the area. Bobby Jones spent several summers at the Highlands Country Club, and he still holds the course record. The Wade Hampton Club, designed by a golf course guru and area resident, Tom Fazio, was ranked 17th in the United States by Golf Digest in 2005.
Outdoor Magazine ranked Cashiers one of America's ''top dream towns'' in 2004.
If exerting yourself is not a priority, there are plenty of shops and restaurants in both towns, or you can hop into your car and go for a scenic drive. Cons
Anything that travels to the Highlands-Cashiers Plateau takes the same twisting drive, and getting stuck behind a land-yacht can add time and nausea to your trip.
Unincorporated Cashiers is dry, though brown-bagging is permitted practically everywhere. Alcohol can be bought in Highlands, which is incorporated, but laws there are complicated (some restaurants can serve wine, but not beer). Nevertheless, many club communities have stocked bars and restaurants, and private restaurant clubs (membership fees range from a dollar a year to more than $100) have full permits.

Some of the restaurants and shops shut down during the winter, and even in summer, things close early. ''We do have some great restaurants,'' said Debi Dickson, an Atlanta resident who spends four months a year in Highlands. ''Just don't expect to eat at them at 10 p.m.'' The Real Estate Market
Expect to spend at least $700,000 to buy into one of the high-end, full-amenity gated communities. (Many of the club amenities in those communities close in the winter.) Houses at that price will probably not include a view or a fancy kitchen. At about $900,000, you can begin to have a house with everything: views, granite countertops, extensive decks, three bedrooms, an acre of land. Styles vary, but variations on Adirondack, Shingle-style and English cottage are popular.
Bargains can still be found in some of the smaller, older cottages in the woods, especially if you're willing to be 10 to 15 miles outside town. With some searching, you can perhaps find a little bungalow, a ranch or an A-frame in the $200,000-to-$400,000 range with two or three bedrooms, depending on the condition and age of the home.
It's not unusual for a house to stay on the market for six months because of the seasonal nature of home sales. Ms. Austin recently sold a three-bedroom, three-and-a-half-bath, 1,962-square-foot Shingle-style house on 3.47 acres in the Chattooga Club. It had another 1,069 square feet in porches and decks, views and included many antiques. It was listed at $2,295,000 and sold 35 days later for $2,245,000.
Ms. Garren recently sold a 30-year-old three-bedroom, three-bath house on .81 acres in a subdivision for $440,000. It was on the market for 64 days.
There is a good deal of new high-end construction in the area, more than 3,000 acres in and around Cashiers alone. But agents suspect that the out-of-the-way location of Highlands-Cashiers, although attractive, keeps prices and development from spiraling out of control.
''We don't want the fudge factories, the T-shirt shops and water slides,'' Ms. Austin said. LAY OF THE LAND POPULATION -- The Highlands area has about 3,000 year-round residents and about 20,000 in season. The area around Cashiers has 1,700 year-round residents and about 10,000 in season. LOCATION -- Western North Carolina in the Blue Ridge Mountains, roughly 80 miles southwest of Asheville. WHO'S BUYING -- Retirees with a love of golf who park themselves there for the summer and wealthy pre-retirees from nearby Atlanta who use their homes throughout the year. Still a favorite of Southerners, but Midwesterners are starting to stop in. GETTING THERE -- Asheville's airport is the closest at about 60 miles, roughly an hour and a half drive. The Greenville-Spartanburg International Airport is a two-hour drive away in South Carolina. Atlanta is a two-and-a-half-hour drive away. WHILE YOU'RE LOOKING -- The Old Edwards Inn and Spa (445 Main Street, 866-526-8008) on Main Street in Highlands offers Swedish massage packages, upscale shops and fine dining in Madison's Restaurant and Wine Garden. Its 30 rooms, suites and cottages start at $235. COMPARABLES Mountains Where Weekenders Find Reasons to Stay All Week Information on properties was supplied by the listing companies. WHAT -- 3-bedroom house HOW MUCH -- $435,000 This 2,200-square-foot house in Highlands was built in 1995. It has three bathrooms, decks and mountain views. The property is 4.66 acres. Agent: Cathy Garren, Century 21 Mountain Lifestyles, (828)743-7999; www.c21mountainlifestyles.com. WHAT -- 3-bedroom house HOW MUCH -- $745,000 This 3,400-square-foot house is within walking distance of Main Street in Highlands. It was built in 2001 and has two gas fireplaces and three and a half bathrooms. The property is .68 acres and has a small stream and an artificial waterfall. Broker: Wick Ashburn, Coldwell Banker Ashburn Real Estate, (828)526-4151; www.ashburnrealestate.com. WHAT -- 4-bedroom house HOW MUCH -- $1,999,999 This 5,374-square-foot Cashiers house was built in 2000 and expanded in 2003. It has six fireplaces, including two gas ones in the master suite; a greenhouse; and four full and two half bathrooms. The property is 3.49 acres at an elevation of 4,350 feet. Agent: Terri Hammond and Beth Townsend, McKee Properties, (828)743-3411; www.mckeeproperties.com.
Correction: October 7, 2005, Friday A picture caption with the Havens column last Friday about Highlands and Cashiers, N.C., misidentified a golf course in the area. It was the Highlands Falls Country Club. (The Highlands Country Club is nearby.) A property tax example cited in the column, for a house priced at $1,675,000 on a 6.94-acre lot, was in error. The house in the example has not been assessed since it was completed. The figure $1,485 was for the tax on the land before the house was built.
For more information on the Highlands Cashiers area or to learn how to become a member of one of our astonishing communities contact Mathew S. Kowal, The Blue Ridge Summit Group at 828-743-7077 or 404-394-7144

Sunday, October 19, 2008

The Divide at Bald Rock - Chili Cookoff

On a cool fall evening, residents of The Divide and Bald Rock begin to show up at the community pavilion for the annual Chili Cookoff.



The fires roared, but not as hot as some of the chilli's.... It's a good thing they where giving out free Alka-Seltzer. A Big thanks to


Michelle Styring and friends as she spearheaded the event this year and made it one to remember with her spicy decorations and great chili's. The annual chili cookoff is just one of many community events held at the
pavilion each year.
For more information on how to become a member of our gorgeous community contact The Blue Ridge Summit Group at O: 828-743-7077
C: 404-394-7144
First Place - Linda Pinch
People's Choice - Chad Obrien
A BIG THANKS to our celebrity judges as well......

Friday, October 17, 2008

Western North Carolina - Catamounts

WCU



Just minutes from Highlands and Downtown Cashiers is the town of Sylva, Home to Western North Carolina University. Just qa quick trip north and down the mointain you can enjoy the life of a great mountain school. The "Catamounts" have provide us with a host of activities from the arts to colleges sports. For a list of calanders and sporting activities check out http://catamountsports.cstv.com/index-main.html .






The Catamounts....



The Moniker since 1933



What is a Catamount?????



This article courtesy of the WCU website... Check out great fun at an excellents institution, Come support the Cataounts Golf Team as the compete in the catamount classic at The Country Club of Sapphire Valley in Cashiers the begginging of November.







Western Carolina University's unique mascot and nickname for its athletics teams seems to always bring about the same question when the Catamounts play on the road ... "What exactly is a Catamount?"
Webster's Dictionary defines "catamount" as "any of various wild cats such as a cougar or lynx." Cats of the catamount variety, including the bobcat, have roamed the southern Appalachian Mountains, where Western Carolina University is located, for years.
The nickname evolved from a contest that was held on the Cullowhee campus in 1933. At the time, the school was called "Western Carolina Teachers College" and its teams were known as "the Teachers."
Everyone on campus was invited to participate in the naming of the teams. The usual names were suggested -- Bears, Indians, Panthers. However, the college wanted an unusual name, a name that few others had and that everyone would not copy.
The contest came down to Mountain Boomers, a small ground squirrel that scampers about the woods and is extremely difficult to catch, and Catamounts. The latter was the favorite of Head Football Coach C.C. Poindexter and was the nickname chosen. Poindexter wanted his players to be Catamounts with "fierce spirit, savage attacks, and lightning quick moves."
Western Carolina University is the only one of two NCAA schools playing under the Catamount moniker. Western is the only football-playing school in the nation using the nickname "Catamounts," with the University of Vermont being the only other school using that nickname.





For more information on WCU or it's affiliated events Check out the web or call The Blue Ridge Summit Group at 828-743-7077

http://www.wcu.edu/

Market Statistics - Highlands, North Carolina


A big thanks to Traci Morreale Strub for posting this great article about the Highlands Market. Traci has been visiting the area for years and will vouch for the untouched natural beauty of the area.


Traci Morreale Strub

HIGHWAY 64 rises on the one-hour drive from Asheville, N.C., to the Highlands-Cashiers Plateau (including Lake Glenville) the Blue Ridge Mountains.
The sense of refuge has drawn Southerners to homes in the twin towns of Highlands and Cashiers for well over a century. But now, with more and more part-time residents staying beyond the summer and a younger, more active set of homeowners over all, it may no longer be true to say that Highlands-Cashiers is one of the best-kept second-home secrets in the nation.
Once, the towns' trademark feature was their several golf communities for retirees, said Ann McKee Austin, a local real estate agent. But now, she said, you're likelier to see ''the S.U.V. with the Labrador in the back and the kayak on top.'' Or, as Cathy Garren, another real estate agent, put it: ''It used to be retirees from Florida. Now it's working people from Atlanta.

''They come for the mild weather and for the lush forests and waterfalls set amid stunning mountain silhouettes. But despite the climate and the setting, relative distance from big cities has helped to keep real estate prices from skyrocketing; local agents say that in the last five years, prices have increased from 12 to 20 percent. ''This is not a boom or bust area, where you have windfall years and then slack years,'' Ms. Austin said. ''It's consistent and steady. We like it that way.
Sun rise in Highlands, NC
The Scene - Highlands is nestled in the midst of the Nantahala National Forest. The area has been used as a summer retreat since the mid-1800's, when wealthy families from the Low Country of South Carolina began putting up summer cottages and modest Greek Revival houses there. The town of Highlands was founded in 1875 by Kansas developers who, the story goes, drew two lines on a map, one from Chicago to Savannah, the other from New York City to New Orleans, believing that the intersection would be ideal for trade.
Today, if there is a difference between the two towns, it is that Cashiers is a little bit country, Highlands a little bit country club. Highlands, fittingly, is also higher, at an elevation of 4,113 feet to Cashiers's 3,500 feet. New homes in both towns tend to be large houses located either in gated communities or on estate lots of five acres or more.
Highlands has a proper Main Street, which draws strolling day-trippers in khakis and polo shirts. But both towns offer plenty of boutique shopping and local crafts. For activities, there's a lot to do, from pampering to playing in the rugged outdoors. You can indulge in a massage at the spa of the Old Edwards Inn on Main Street in Highlands or play croquet on the lawn of the Chattooga Club in Cashiers. Or you can climb the sheer face of Whiteside Mountain, hike to the 411-foot-tall Whitewater Falls or fish on Lake Glenville.
Pros - Property taxes vary but are relatively low (an example: $1,485 a year for 6.94 acres). Views are long, summers are mild and breezy, and fall features a mind-boggling palette of colors.
There are many golf courses of distinction in the area. Bobby Jones spent several summers at the Highlands Country Club, and he still holds the course record. The Wade Hampton Club, designed by a golf course guru and area resident, Tom Fazio, was ranked 17th in the United States by Golf Digest in 2005.
Outdoor Magazine ranked Cashiers one of America's ''top dream towns'' in 2004. If exerting yourself is not a priority, there are plenty of shops and restaurants in both towns, or you can hop into your car and go for a scenic drive.
Cons - Anything that travels to the Highlands-Cashiers Plateau takes the same twisting drive, and getting stuck behind a land-yacht can add time and nausea to your trip. Unincorporated Cashiers is a dry county, though brown-bagging is permitted practically everywhere. Alcohol can be bought in Highlands, which is incorporated, but laws there are complicated (some restaurants can serve wine, but not beer). Nevertheless, many club communities have stocked bars and restaurants, and private restaurant clubs (membership fees range from a dollar a year to more than $100) have full permits.Some of the restaurants and shops shut down during the winter, and even in summer, things close early. ''We do have some great restaurants,'' said Debi Dickson, an Atlanta resident who spends four months a year in Highlands. ''Just don't expect to eat at them at 10 p.m.''
The Real Estate Market - Expect to spend at least $700,000 to buy into one of the high-end, full-amenity gated communities. (Many of the club amenities in those communities close in the winter.) Houses at that price will probably not include a view or a fancy kitchen. At about $900,000, you can begin to have a house with everything: views, granite countertops, extensive decks, three bedrooms, an acre of land. Styles vary, but variations on Adirondack, Shingle-style and English cottage are popular.
Bargains can still be found in some of the smaller, older cottages in the woods, especially if you're willing to be 10 to 15 miles outside town. With some searching, you can perhaps find a little bungalow, a ranch or an A-frame in the $200,000-to-$400,000 range with two or three bedrooms, depending on the condition and age of the home.
It's not unusual for a house to stay on the market for six months because of the seasonal nature of home sales. Ms. Austin recently sold a three-bedroom, three-and-a-half-bath, 1,962-square-foot Shingle-style house on 3.47 acres in the Chattooga Club. It had another 1,069 square feet in porches and decks, views and included many antiques. It was listed at $2,295,000 and sold 35 days later for $2,245,000.
There is a good deal of new high-end development in the area, more than 3,000 acres in and around Cashiers alone. But agents suspect that the out-of-the-way location of Highlands-Cashiers, although attractive, keeps prices and development from spiraling out of control.''We don't want the fudge factories, the T-shirt shops and water slides,'' Ms. Austin said.
LAY OF THE LAND POPULATION -- The Highlands area has about 3,000 year-round residents and about 20,000 in season. The area around Cashiers has 1,700 year-round residents and about 10,000 in season.
WHO'S BUYING - Retirees with a love of golf who park themselves there for the summer and wealthy pre-retirees from nearby Atlanta who use their homes throughout the year. Still a favorite of Southerners, but Midwesterners are starting to stop in.
GETTING THERE -- Asheville's airport is the closest at about 60 miles, roughly an hour and a half drive. The Greenville-Spartanburg International Airport is a two-hour drive away in South Carolina. Atlanta is a two-and-a-half-hour drive away.



For More Information Contact The Blue Ridge Summit Group at 828-743-7077 or 404-394-7144







Thursday, October 16, 2008

The HIghlands Cashiers Mortgage Market


Mountain Village mortgage sends out weekly updates on the Cashiers Highlands mortgage market. These are Jim Mullen's latest findings and his opinion on what is happening and what we can expect here in the western North Carolina Mountains.


This has been another wild week. The 30 year conforming fixed rate is now 6.250% and the 15 year rate is 5.875%. This is up from last week but still at a historically low rates. The experts feel the markets will level out soon.

The current market conditions make it more important than ever for your purchasers to discuss their mortgage needs with a trusted mortgage counselor as early as possible. I can be reached at night and on weekends on my cell 828 200-9168.

Mortgage Time Mortgage Market News for the week ending October 10, 2008
Compliments of Jim Mullen Mountain Village Mortgage Loan Consultant
PHONE:(828) 743-7073
FAX:(828) 743-9830
https://mail.kendallhunt.com/exchweb/bin/redir.asp?URL=http://www.ncmountainvillagemortgage.com
jmullen@metrocitiesmtg.com
3065 Highway 64 East Sapphire, NC 28774
Cell: (828) 200-9168
Events This Week:
Fed Funds rate cut
Pending Sales rose
Trade Deficit lower
Import Prices fell
Events Next Week:
Wed 10/15 PPI Retail Sales
Thur 10/16 CPI Industrial Prod.
Fri 10/17 Housing Starts Sentiment

Stocks Fall Further
This week the stock market fell to the lowest level since 2003. Normally mortgage markets improve during a stock market decline, since Fannie Mae, Freddie Mac, and Ginnie Mae mortgage backed securities (the vehicles through which most mortgages made today are sold) are considered a relatively safe haven. This week, however, the prices paid for these securities moved lower as well. One reason is that some investment funds have been forced to reduce their leverage and sell nearly every asset class in their portfolios. Another factor is investor concern that the supply of debt will increase significantly as the government funds its rescue actions. Mortgage rates ended the week moderately higher.
Investors viewed the $700 billion rescue plan passed last week as a necessary first step, but not an immediate solution to the credit crisis. Governments around the world took a variety of additional steps during the week to support the banking system. A historic coordinated interest rate cut from many central banks took place on Wednesday. The Federal Reserve lowered the Fed Funds rate by one half point to 1.50%, citing reduced inflationary pressures due to an economic slowdown and falling energy prices. The Fed Funds rate heavily influences short-term interest rates, but its impact on long-term mortgage rates varies based on inflation expectations. In this case, the Fed rate cut most likely helped move mortgage rates a little lower, but the factors described above had more influence.
The decline in home prices was a major cause of the credit crisis, and stabilization in the housing market will be important to resolve the problems. Little noticed this week, August Pending Home Sales jumped 7% from July, far above the consensus for a small decline. They were 9% higher than one year ago and were at the highest level since June 2007. Pending Home Sales are a leading indicator for the housing market, meaning that the next Existing and New Home Sales reports may show increases. Investors will be closely watching future housing market data to see if the trend continues.


Also Notable:
Fed Chief Bernanke predicted that inflation will moderate "pretty significantly"
In August, consumer borrowing declined for the first time in more than a decade
The Dow was down about 40% from the record high levels seen in October 2007
Oil prices fell to $80 per barrel, down from $147 per barrel in July

Average 30 yr fixed rate:
Last week:
+0.03%
This week:
+0.20%
Stocks (weekly):
Dow:
8,216
-2,470
NASDAQ:
1,581
-438


Week Ahead
The Economic Calendar will be full next week. The Consumer Price Index (CPI) inflation report will come out on Thursday. CPI looks at the price change for those finished goods which are sold to consumers. The Producer Price Index (PPI) will be released on Wednesday. PPI focuses on the increase in prices of "intermediate" goods used by companies to produce finished products. Retail Sales is also scheduled for Wednesday. Industrial Production, an important indicator of economic activity, will be released on Thursday. Housing Starts will come out on Friday. Consumer Sentiment, the Philadelphia Fed index, and the Fed's Beige Book will round out a busy week. Investors will also be watching for additional government actions to ease credit markets. Mortgage markets will be closed on Monday in observance of Columbus Day.

To learn more about news impacting interest rates and mortgage markets, go to https://mail.kendallhunt.com/exchweb/bin/redir.asp?URL=http://www.mbsquoteline.comTo learn more about the newsletter, please call 800-627-1077All material Copyright © Ress No. 1, LTD and may not be reproduced without permission.

Tuesday, October 14, 2008

Cashiers and the Chattooga River

Here is a great article by Buzz Williams talking about the Cashiers Quadrangle. The Chattooga watershed area has some of the most amazing natural wonders you could ever hope to see. Wether your just coming to visit or your looking to make the Cashiers area you home you will surley want to read this.


Buzz Williams




It has often been said by the folks who really know Chattooga country that one could spend a lifetime exploring the places in the watershed that have cultural, geological, aesthetic, or environmental significance. We thought it might be more practical for our quarterly publication to take it a little bit at a time. This installation marks the first in an ongoing series that will examine an area in the watershed as defined by the standard U. S. Geological Survey (USGS) “quad” maps. The 200,000 acre Chattooga River watershed is covered by 10 USGS quads. We hope you enjoy this first installment in the Chattooga River Quad Discovery Series, featuring the Cashiers Quadrangle.
The U. S. Geological Survey is a federal agency founded in 1879 with the mission to classify the public domain by surveying the geological structure, mineral resources, and products of America’s vast public lands. Today the U. S. Forest Service, the Department of the Interior, and almost all other federal and state agencies as well as most conservation groups use U. S. Geological Survey maps. These quads are also the base maps of choice in most Geographic Information Systems (GIS) used by everyone from land management professionals to amateur explorers. Standard USGS maps cover one eighth of one degree of latitude and longitude, or a rectangular area encompassing six miles by eight miles. The scale of a quad map is 1:24,000.
The Cashiers Quad, General Description
The northeast corner of the Chattooga River watershed is covered by about one-third of the Cashiers quad, roughly bounded by Chattooga Ridge on the east as it zig-zags its way north, connecting the dots of eight mountains all around 4,000 feet in elevation, and finally connecting with the Blue Ridge Divide at the extreme northwest corner of the map near the resort village of Cashiers. The eastern two-thirds of the Cashiers quad covers the headwaters of the Whitewater, Thompson, and Horsepasture Rivers, which along with the Toxaway and Eastatoe Rivers further to the east in the Reid Quad, make up the spactacular Jocassee Gorges. Highway 107 roughly follows the Chattooga Ridge on the road’s winding way from Walhalla, South Carolina, in the south to Cashiers, crossing at low points at Heady Gap and then back across Chattooga Ridge near Cashiers. Here, the Chattooga Ridge brackets Cashiers to its east along the tops of Chimneytop Mountain (4,618 ft.) and Rock Mountain (4,300 ft.), both of which exhibit sheer granite faces to the southwest. Highway 107 t-bones into Highway 64 in Cashiers with the left fork leading 10 miles to Highlands, and right to Sapphire Valley, Rosman, and eventually to Brevard, North Carolina. Two secondary roads lead west off of Highway 107, the Whiteside Cove Road to the north just out of Cashiers and the Bull Pen Road at Mulkey Gap. These two roads leave the Cashiers quad, heading west but soon merge near Horse Cove leading to Highlands. The Chattooga River winds its way down the west side of the Cashiers quad from its headwaters above Cashiers Lake to the old iron bridge on Bull Pen Road just on the southwest corner of the quad. The state line between North and South Carolina runs from the east just below Upper Whitewater Falls diagonally to the west to the Chattooga River at Ellicott Rock. Here, the river south of the 35th parallel becomes the boundary between Georgia and South Carolina. A large part of the 9,012 acre Ellicott Rock Wilderness Area is shown in the south west corner of the Cashiers Quad at the boundary along the Bull Pen Road and down Highway 107.
The Chattooga River and Its Tributaries
The most prominent of the six small mountain streams that make up the headwaters of the Chattooga River emerges as a small spring at the crest of the Blue Ridge Divide about a mile northwest of Cashiers, North Carolina, where it tumbles onto a plain at about 3,000 feet in elevation above sea level. A small resort lake in Cashiers briefly restrains the fledgling headwaters stream for about one-half mile before releasing it to plunge away for another .8 miles and then down the 150 foot Silver Slipper Falls into the deep woods of Nantahala National Forest. The strengthening headwaters flow boldly for about one-quarter of a mile, merging with other streams flowing from beneath the foreboding Devil’s Courthouse looming above on the north side of Whiteside Mountain. For three quarters of a mile or so, the young stream—now a large creek—passes through young forests growing in old abandoned fields before tucking under a ledge against a steep cliff on the right and cascading for a sheer 75 feet to a pool below. Ribbon Falls, as it is called, offers a dramatic view of the eastern side of Whiteside Mountain. The large potholes lying in a row down the left side of the smooth, worn precipice at Ribbon Falls, some three feet across and eight feet deep, testify to the age and power of the Chattooga landscape, among the oldest geologic forms in the world. The Chattooga River gains its true identity here and for the next three-quarters of a mile, the river flows swiftly through old forests gaining volume, crossing into private property and then emerging in a wide, green valley of pastures and old fields about one-half mile above Grimshawes Bridge on the Whiteside Cove Road. The sheer 2,000 foot face of Whiteside Mountain to the northwest comes into full view in the open terrain here at the mouth of Whiteside Cove, offering some of the most stunning scenery in the Southern Appalachians.
The cultural history of both native American and European settlers runs deep in these ancient fields and fording places near Grimshawes Bridge. The old Norton Cemetery is located on the south side of the Whiteside Cove Road, about a mile to the northeast of Grimshawes Bridge. Buried here are some of the Norton family who first settled Whiteside Cove in the early 1800’s. The Forest Service has acquired a small parcel of land on the river just north of Grimshawes Bridge called Sliding Rock that has been a favorite swimming hole for generations. Grimshawes community is located only about one half mile to the west on Whiteside Cove Road, where once stood an old inn dating back to the turn of the century, and where still stands a tiny building that has the distinction of once being the smallest post office in America. Another old cemetery, Whiteside Cove Cemetery, is located a few miles west the on the Whiteside Cove Road. A short distance further west is the site of Whiteside Church, once an old school house at the juncture of an old road that crossed the river below Grimshawes community.
Below Grimshawes Bridge by about three-quarters of a mile, the river merges with Fowler Creek coming in from the river left. Fowler Creek heads up in Cashiers near Wade Hampton Country Club. Heavy logging along Fowler Creek at the turn of the century is evident all along its length where a “dummy line” was used to pull logs to a saw mill near Grimshawes community. A steam-driven tramcar was used to pull the lumber up Fowler Creek to Cashiers, where it was taken via ox cart to the railhead in Toxaway, North Carolina. About a mile below Fowler Creek, just above the confluence with Green Creek coming in from the river right, is Corkscrew Falls dropping vertically for 25 feet, the largest single drop on the Chattooga River. Just below Green Creek, the river crosses back onto federal land where it continues for another 1.5 miles along a moderate descent, to Norton Mill Creek coming in from the right.
A short distance above its confluence with Norton Mill Creek, an old ford crosses the Chattooga River that once connected the old Bull Pen community with Whiteside Cove (mentioned above). On the east side are the ruins of an old cabin that was built by one of the first settlers in the upper Chattooga headwaters known as the Monroe cabin. Downstream, the river flows beneath Chattooga Cliffs, which tower 400 to 600 feet above. Many rare plants occur in these unique outcrops above the upper Chattooga narrows, including rock clubmoss (Huperzia porophila), fir clubmoss (Huperzia selago), Biltmore sedge (Carex biltmoreana), divided leaf groundsel (Senecio millefolium), dwarf filmy fern (Trichomanes petersii), and sword moss (Bryoxiphium norvegicum). This 2 mile section of the river to the old iron bridge on the Bull Pen Road includes spectacular scenery, treacherous rapids, large tree-topped boulders, and swirling potholes.
The Chattooga River turns east below Bull Pen Bridge, flowing for another 2 miles over rapids and cascades interspersed with deep green pools between steep ridges to Ellicott Rock. Notable in this section is scenic Scotsman Creek, that tumbles into the Chattooga about 1 mile below Bull Pen Bridge on the left side. Similarly, the second Fowler Creek enters the river about three-quarter of a mile further down. Here ends the coverage of the Cashiers quad.
Wild and Scenic River Classification
The Chattooga River as required by the Wild and Scenic Rivers Act is classified by section according to its level of wildness. Sections with no impoundment, unpolluted, and which are inaccessible except by trail are classified as wild. Scenic sections are primitive in nature but may be accessible in places by roads. Recreational sections are readily accessible by roads with some shoreline development and may have had some impoundments or diversions in the past. The section of the Chattooga River from .8 miles below Cashiers Lake to .2 miles above Norton Mill Creek is classified as recreational. The next two miles along Chattooga Cliffs is classified as wild. From one-quarter mile above to one-quarter of a mile below Bull Pen Bridge, the river is classified as scenic. The Ellicott Rock section of the river, from one-quarter mile below Bull Pen to one-quarter of a mile above Burrells Ford Bridge, is classified as wild. The part of the Ellicott Rock section below the Cashiers quad description in this article will be covered when we get to the Tamassee quad.
Trails
There are four major developed trails in the Cashiers quad: the Upper Chattooga River Trail, the Bull Pen Bridge Trail, the Bad Creek Trail, and the Sloan Bridge Trail. Only part of the Bull Pen Bridge Trail and most of the Upper Chattooga River Trail lie within the Cashiers quad but will be described in full here.
The Chattooga River Trail runs south from a parking lot in the Nantahala National Forest near the Whiteside Cemetery on the Whiteside Cove Road, descending to the river below Green Creek down to connect with the Bull Pen Bridge Trail. This 6 mile trail offers spectacular views of Bull Pen Mountain and Chattooga Cliffs.
The Bull Pen Bridge Trail is a 1 mile loop trail from and then returning to Bull Pen Bridge on the west side of the river. The first part of the trail near the bridge is a rough, up-and-down hike, and then descends along the river for some spectacular scenery along the narrows. After about one-half mile, the trail turns back west and up to an old logging road, and then south back to the parking lot at the bridge. The trail has an elevation change of about 200 feet.
The Bad Creek Trail is a 3.5 mile trail that follows a ridge to the Ellicott Rock wilderness boundary, where it intersects the Sloan Bridge Trail and then descends to the river, intersecting the Chattooga River Trail. From this intersection it is only a short distance to the famous Ellicott Rock. The elevation change on the Bad Creek Trail is 800 feet.
The Sloan Bridge Trail is a 6.3 mile trail from Sloan Bridge at a parking lot on Highway 107, about one mile below the North/South Carolina state line, to the intersection with the Bad Creek Trail, and then onwards 1.2 miles to Ellicott Rock. The trail is moderate, and passes north of Fork Mountain (3,294) in the Ellicott Rock Wilderness Area. Sloan Bridge is also the origin of the Foothills Trail that runs northeast, 4.4 miles to Whitewater Falls, and southwest for 3.3 miles to the road leading from Highway 107 to the Walhalla Fish Hatchery. The elevation change on the Sloan Bridge Trail is also 800 feet.
History
The rich human history of Cashiers Valley, Grimshawes, Bull Pen, or the Pleasant Grove communities can not be covered adequately in this Cashers quad overview. Look for future articles in the Chattooga Quarterly about early settlers including the Norton, Alley, McCall, and Zachery families. Also planned are articles about famous early visitors to the area such as Andre Michaux, who was sent to America in 1788 by King Louis XVI and Queen Marie Antionettee to gather seeds and plants from the New World for the famous Parisian gardens of the Park of Rambouillet, explorer naturalists Ben Grosscup and Wilber Ziegler, who visited the Grimshawes homestead in 1883, the travels of geologist George Featherstonhaugh in 1837, and the raid on Whiteside Cove by Colonel George Kirk, who led a band of renegade Union soldiers and Confederate deserters known as “Kirk’s Raiders.” Other topics exploring the natural history and geology of the area will be addressed in a regional context in future articles. For more information about the natural and cultural history of the Cashiers area, see past articles in the Chattooga Quarterly including “General Wade Hampton III” (spring 1999), who established a summer retreat in the Cashiers Valley prior to the Civil War, “Green Salamander” (spring/summer 2001), that describes a rare disjunct population of salamanders that inhabit the Chattooga River watershed, and “The Walton War” (winter 2005), about the “Orphan Strip” where in the early 1800’s lawlessness prevailed in a disputed strip of territory of about 12 miles along the border of North Carolina, South Carolina and Georgia, until the famous survey by Andrew Ellicott.
For more information contact The Blue Ridge Summit Group at 828-743-7077 or 404-394-7144

Monday, October 6, 2008

Christmas In Cashiers.... But It's October???



The Divide at Bald Rock is bringing Christmas to the Mountains just a bit early this year. Our model home is being furnished for Christmas. We will be hosting the Lynn Monday Designer Christmas Showhouse through the end of the year. Just follow the road signs for your early slice of Christmass this year. It is a home that is sure to get you in the Christmas Spirit.
Come enjoy fresh baked cookies and hot apple cider any time Wednesday through Sunday in October. Just follow the "Fall into Christmas" signs.
We are expecting a spectacular leaf season this year with all the reds, gold's and oranges flaming bright. Come join us for an early Christmas this year....
LYNN MONDAY DESIGNER CHRISTMAS SHOWHOUSE

For More Information Contact The Blue Ridge Summit Group at 828-743-7077 or 404-394-7144






Friday, October 3, 2008

Western North Carolina - Woman to cooperate with feds, admits stealing $12-milion

Woman to cooperate with feds, admits stealing $12-milion
By Lucy Morgan, Times Senior Correspondent In print: Friday, October 3, 2008




This article appeared in the St. Pete Times about some shady happenings in the Western North Carolina Mountains. I hope all of these people see jail time. This is NOT how we do buisness in the Western North Carolina Mountains.

Yolanda Serrano, 44, agreed to help in the case involving N.C. real estate.
]A Brevard County woman who bought property in a questionable North Carolina real estate development has agreed to cooperate with federal investigators as part of a plea agreement.
Yolanda Serrano, 44, pleaded guilty to wire fraud during a court appearance in Orlando on Tuesday, for a maximum prison sentence of 20 years. She admitted stealing more than $12-million from her employer, Southeast Petro Distributors of Melbourne. The money was transferred through internal computer systems at SunTrust.
As part of the bargain, Serrano promised to testify in investigations against others who are not named in the 18-page agreement.
Serrano was arrested by Brevard County sheriff's deputies, but the case was transferred to federal court because some of her transactions involved land in North Carolina and other cities and states.
Serrano used some of the stolen money to buy eight lots in Blue Ridge Mountain Estates, a development about 10 miles north of Cashiers, N.C. The property is being developed by Domenic Rabuffo, a resident of Miami and New York, who went to federal prison on mortgage fraud charges in 1994.
Rabuffo, buying most of his property in a former wife's name, says he is putting in a first-class development with houses that would normally sell for more than $2-million. The houses, all more than 4,000 square feet, are being sandwiched onto 1-acre lots on steep slopes. Neighbors say the project is an eyesore.
All of the lots and the 16 houses under construction are heavily mortgaged, with SunTrust holding about $34-million in outstanding mortgages. SunTrust has foreclosed on two of the lots Serrano owned and has filed suit against 13 other property owners, saying they lied about their income when applying for loans.
Serrano has signed deeds conveying all of the real estate she owned in Florida and North Carolina to her former employer. Her plea agreement requires her to make full restitution of the $12-million.
Times researcher Caryn Baird contributed to this report. Lucy Morgan can be reached at lmorgan@sptimes.com.

Thursday, October 2, 2008

Cashiers.... A Top Ten Retirement Destination



Top Ten Small Towns To Retire To


A great article shedding some light onto Western North Carolina's active retirement scene...




Elizabeth Lewis, Feature Writer



When the time comes to retire, many people dream of retreating to the quiet life of a small town--preferably one conveniently located near the amenities of a larger city. For people looking for just such a situation, North Carolina is a haven. The state offers a slew of choices that can fulfill any prerequisite hopeful retirees might have: quiet life, outdoor activities, good weather, top-notch medical care, cultural events, easy access to major highways...you name it. What follows below, and in the related college-town feature, is our look at just a few of the many options that await you in North Carolina.
Highlands/Cashiers
Legend has it that, in 1879, developers Samuel Kelsey and Clinton Hutchinson took out a map and drew two lines--one connecting New York to New Orleans, the other connecting Chicago to Savannah. The men believed the spot where the lines intersected would be the ideal location for a vacation town. That spot was Highlands, N.C.
It turns out Kelsey and Hutchinson were right. And all the things that make it a wonderful place to vacation make Highlands, and nearby Cashiers, the perfect place to retire.
Located at the southern tip of the Blue Ridge Mountains, near the point where North Carolina, South Carolina and Georgia meet, Highlands and Cashiers offer a pleasant climate, clean air, fantastic shopping and the natural beauty of the mountains and numerous waterfalls.
The Highlands Country Club features a world-renowned Donald Ross golf course, which has been played by many golf legends. The course record is still held by Bobby Jones, who maintained a summer home at the club. Highlands also is home to the Highland-Cashiers Hospital, recognized for its excellent staff and modern facilities.
Cashiers, which has only one stoplight, is home to the High Hampton Inn and Country Club. The rustic retreat features cabins covered with shaggy chestnut bark, horseback riding, water sports on Lake Hampton, mountain climbing and gold.
Currently Highlands has a permanent population of about 2,000, but each summer that number jumps to 25,000. (In Cashiers, those numbers are 1,250 and 9,000 respectively.) During their summer vacation, those tourists can expect cool temperatures. During July, the average low is 56 degrees; the high 76 degrees. The residents who stick around for winter can expect an average low of 24 degrees and an average high of 42 degrees in January.
The great weather is perfect for outdoor activities of all kinds and the Nantahala National Forest provides ample opportunities for hiking, fishing, hunting, camping and more. The Great Smoky Mountains National Park and the Blue Ridge Parkway also are within driving distance of Highlands.
If you're interested in more cultural pursuits, each summer Highlands is home to an annual music festival and the Highlands Playhouse has performances throughout the season. If you're interested in continuing your education, Western North Carolina University is in nearby Cullowhee and Elderhostel offers a summer program each year.
For more information about how to make the Cashiers Highlands Plateau your retirement haven contact The Blue Ridge Summit Group at 828-743-7077 or 404-394-7144

Wednesday, October 1, 2008

What Is A Conservation Easement???


Rae's blog, The Cashiers Real Estate Insider. Helps ansewer the question; What is a Conservation Easement? We have many conservation easements throughout the Cashiers Highlands Plateau and they are an important and integral part of sustaining the natural beauty of our area.


The view of Laurel Knob and Cow Rock from Lonesome Valley's new 26 acre conservation agreement.In Cashiers, just off of Highway 64, there is a remarkable box canyon with a view that extends to Laurel Knob, the tallest granite face in the Eastern United StatesThis place is known as Lonesome Valley and has been owned by the Jennings family since 1895. This nearly 800 acre tract of land has enjoyed a rich history as a farm, mink ranch, trout farm and today is an innovative, family-friendly, conservation-oriented community.At the very heart of the community the Jennings family has established a 26 acre conservation easement that encompasses six different habitat types including the vast main meadow, a cove forest, and a southern Appalachian bog.In a conservation easement or conservation agreement, owners give up certain rights to future development within the easement area. They still own the property, and in exchange for development rights, they may receive a federal income tax deduction and a North Carolina tax credit. Most importantly, the easement are is forever preserved and protected from future development. The easement must be received and monitored by a qualified entity such as a land trust.The Lonesome Valley conservation easement is held by the Highlands-Cashiers Land Trust and protects important open space, wildlife habitat and an incredible scenic view of Cow Rock and Laurel Knob.The landscape of western North Carolina has become increasingly fragmented over time as development has progressed. In Jackson County alone, the number of new parcels in the last 10 years exceeds 5,000. The ecological result of this fragmentation is the loss of habitat, along with isolating remnant habitat patches from each other. This fragmentation potentially inhibits the movement of wildlife and plant dispersal.The Conservation Easement at Lonesome Valley avoids this isolation effect by being connected to approximately 250 additional acres of designated greenspace within Lonesome Valley including streams, wetlands, rock faces, and forests that will never be developed.More than 30 percent of the entire development is committed to greenspace selected specifically to maintain the ecological integrity and connectedness of the Lonesome Valley landscape. Additionally, Lonesome Valley's green corridors also connect to Panthertown Valley, a 7,000 acre portion of the Nantahala National Forest and wildlife sactuary.To learn more about Conservations Easements, contact the Highlands-Cashiers Land Trust at (828) 526-1111.
For more information on the cashiers Highlands area contact The Blue Ridge Summit Group at O: 828-743-7077 or C: 404-394-7144 or check out The Cashiers Real Estate Insider