This months featured community is Balsam Mountain Preserve, a 4400 acre golf and conservation community with only 354 homesites less than 40 minutes from downtown Asheville. The community is nestled in a preserve with 70% of the land protected from development providing a density of one home for every twelve acres ensuring a feeling of privacy for residents.
Balsam has firmly established itself as one of the premier residential communities in North Carolina. As a mature debt-free community with completed amenities and a strong sense of community, our recommendation of Balsam Mountain Preserve centers on the three key metrics we believe are most important to today's buyers.
The first of those is the financial strength and stability of the owner/developer.
Balsam Mountain Preserve is owned by Vestlyn BMP a financially strong institutional investment group. Vestlyn actively manages several billion dollars of real estate assets and capital around the world. Vestlyn is not a bank, so it takes a longer-term approach than traditional lenders are equipped to handle. Bottom line, unlike most master-planned communities in the North Carolina mountains, Balsam no longer has debt or the external pressures of working with an outside lender, which we believe are critically important attributes in this current market.
Balsam Announces Special Pricing On Its Summer Homesite Release
Many of our customers believe that now is the time to purchase that second home or retirement home they have always dreamed of with 74% of the 2010 on-line Community Finder Surveys reporting that they intend to purchase property in the next 12 months. The combination of historically low interest rates with purchase incentives that would have been unheard of just a few years ago are very compelling reasons to consider a purchase in Western North Carolina.
At Private Mountain Communities, we would tell you before you jump in the water to take advantage of all the great values, make sure you've done your homework, that the community is a match for your lifestyle, that you love the community, what it stands for, and what it will offer your family in the way of experiences. At the end of the day, make sure you're considering all the stakeholders in the decision, including your kids, grandkids, and possibly the generations that follow - ask yourself, is this the kind of place that my children, their children, and their children's children will look forward to coming to again and again?
From our interviews with some of the existing families that call Balsam Mountain Preserve home, the answer is a resounding "Yes". Sam Belfore, a Balsam homeowner since 2007, commented, "Balsam Mountain Preserve offers such a wide array of attractions to its home and property owners. It has one of the finest mountain golf courses in the country, along with numerous amenities and miles of beautiful hiking trails, and a fully staffed Nature Center for families to enjoy. However, I think that the strongest feature of the development is the enormous feeling of community and friendship among its members."
Now more than ever, families are not only focused on the community, but also on the value for the dollar it represents. And this brings us to the second metric we evaluate when researching communities to recommend:
What is the value proposition of the community?
Balsam certainly measures extremely well on this metric with the values they are offering during their summer homesite release. What impresses us most is that these properties are not the "non view" interior sites that you might expect to find at these price points. On the contrary, they offer big views and a big opportunity to live the Balsam lifestyle for less than you may have expected for a community of this scale.
For example, the following homesite is now priced at $250,000, and that price includes the opportunity to choose either a sports or a full golf membership in the Balsam Mountain Club with no membership deposit requirement.
Homestead 162
1.88 acres
4,100 feet in elevation
Views to the Northeast, North, and Northwest
Quite simply, right now, for the same price you would pay to own property in a "no" or "low" amenitized community, you can have everything Balsam Mountain Preserve has to offer - golf, equestrian, swim, tennis, dining, hiking, camping, and more family focused activities than many other mountain neighborhoods - all in a vibrant, established community. Call 888-517-3322 to learn more, or click here to visit the Balsam Mountain Preserve website.
The third key metric we evaluate is the stage of development that a community is presently in.
With every committed amenity completed and over 230 of the 354 homesites sold and 65 homes either completed or under construction, we can comfortably recommend Balsam to anyone looking for an established and vibrant community.
In fact, when looking for the perfect community for a second home or retirement home, most consumers today are no longer interested in pre-development communities that were popular in the past, and focus exclusively on communities like Balsam that have a strong financial position, completed high-quality amenities, and an established base of homeowners. According to our 2010 survey results, 88% of PMC's customers that have indicated plans to purchase within the next 12 months are focusing primarily on communities with substantially completed or totally completed amenities and infrastructure.
The Arnold Palmer Signature Golf Course pictured above was named the Best New Course In North Carolina in 2009 and was recognized by Links Magazine and Travel + Leisure Golf Magazine as one of the top 100 golf communities in the country.
Discover Balsam Stay and Play Package
Private Mountain Communities recommends that you personally experience a community to help ensure that it's truly the right place for your family before you make a purchase decision. To help make it an easy and enjoyable experience for you, Balsam Mountain Preserve is offering the following special package for PMC customers:
For $199 per night, PMC customers can enjoy accommodations in one of Balsam's private mountaintop cabins, with the opportunity to explore both the community and the surrounding area.The beautifully decorated cabins feature antique wood walls and floors, luxury bedding, and indoor and outdoor fireplaces.
Discovering the real estate opportunities here is just one part of what you can explore. You will also have the opportunity to golf on one of the finest courses in North Carolina, experience a guided horseback ride on one of our private trails, meet with a staff naturalist to explore one of the most ecologically diverse mountains in the Blue Ridge, enjoy the company of our residents at the Boarding House restaurant, explore the nearby "main street" mountain towns of Waynesville and Sylva, or just kick back in front of a roaring fire on the porch of your cabin, and feel the stresses of the outside world melt away.
This offer is based on availability with a two night maximum stay. Click here for more information on this special opportunity, or call our concierge at 888-517-3322.
Private Mountain Communities offers a real estate advisory service and cost free buyers resource center that showcases Western North Carolina communities and real estate offerings. You can visit us at our Discovery Showroom, the regions most comprehensive preview center located in the Grove Arcade in downtown Asheville or log onto our website and search for properties that are a match for you using our online Community Finder Lifestyle Survey.
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