ONLINE ONLY - Spectacular Mountaintop Residential Development on the Blue Ridge Parkway for Sale at Auction!

Start Bidding:

10/7/2016 9:00:00 AM ET

End Bidding:

11/4/2016 2:00:00 PM ET

Event Date:

11/4/2016 2:00:00 PM ET
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    Spectacular Mountaintop Residential Development on the Blue Ridge Parkway for Sale at Auction!

    Real Estate

    Spectacular mountaintop residential development on the blue ridge parkway for sale at auction the seven springs development and three contiguous buil
  • alt=

    Spectacular Mountaintop Residential Development on the Blue Ridge Parkway for Sale at Auction!

    Real Estate

    Spectacular mountaintop residential development on the blue ridge parkway for sale at auction the seven springs development and three contiguous buil
  • alt=

    Spectacular Mountaintop Residential Development on the Blue Ridge Parkway for Sale at Auction!

    Real Estate

    Spectacular mountaintop residential development on the blue ridge parkway for sale at auction the seven springs development and three contiguous buil
  • alt=

    Spectacular Mountaintop Residential Development on the Blue Ridge Parkway for Sale at Auction!

    Real Estate

    Spectacular mountaintop residential development on the blue ridge parkway for sale at auction the seven springs development and three contiguous buil
  • alt=

    Spectacular Mountaintop Residential Development on the Blue Ridge Parkway for Sale at Auction!

    Real Estate

    Spectacular mountaintop residential development on the blue ridge parkway for sale at auction the seven springs development and three contiguous buil
  • alt=

    Spectacular Mountaintop Residential Development on the Blue Ridge Parkway for Sale at Auction!

    Real Estate

    Spectacular mountaintop residential development on the blue ridge parkway for sale at auction the seven springs development and three contiguous buil
  • alt=

    Spectacular Mountaintop Residential Development on the Blue Ridge Parkway for Sale at Auction!

    Real Estate

    Spectacular mountaintop residential development on the blue ridge parkway for sale at auction the seven springs development and three contiguous buil
  • alt=

    Spectacular Mountaintop Residential Development on the Blue Ridge Parkway for Sale at Auction!

    Real Estate

    Spectacular mountaintop residential development on the blue ridge parkway for sale at auction the seven springs development and three contiguous buil
  • alt=

    Spectacular Mountaintop Residential Development on the Blue Ridge Parkway for Sale at Auction!

    Real Estate

    The seven springs development and three contiguous building lots at the renowned doe run resort on the blue ridge parkway are being offered by online
The Seven Springs development and three contiguous building lots at the renowned Doe Run Resort on the Blue Ridge Parkway are being offered by Online Only Auction. At nearly a 3,000 foot elevation, The Seven Springs is a magnificent assemblage of mountaintop properties located between mile markers 191 and 192 on the Blue Ridge Parkway, on the Patrick County and Carroll County, Virginia lines in Fancy Gap, VA. This auction presents a rare opportunity to own splendid mountaintop property adjacent to the Blue Ridge Parkway, the most visited national park in the United States. The development has been improved with a sweeping parkway and buried electrical lines so as not to mar the magnificent views. Many lots have breathtaking views into the Piedmont region of North Carolina and lush surrounding mountains, while others have streambeds, rock outcroppings, wellheads and walls of abundant rhododendron and mountain laurel. Whether you are an investor planning to resell individual lots or a buyer looking for a private Blue Ridge Mountain retreat, this Auction offering provides a rare opportunity to own premium real estate in the Blue Ridge Mountains at your price.



The online auction will begin on Friday, October 7th at 9:00 am and will "Begin to End" (defined below) at 2:00 pm on Friday, November 4th. The Seven Springs Development is comprised of Seven Villages. Each Village will be offered individually; the Seven Springs Development will also be offered in its entirety. The Seven Springs and each Village separately have a reserve of only $1,000 per acre. The most recent sale of an individual lot in this development was for over $12,000 per acre (3.409 acres sold for $42,500). The Villages are: Mill Creek, with 10 available lots totaling 27.276 acres; Quail Run, with 6 lots totaling 12.646 acres; Hawke Pointe Landing, with 5 available lots totaling 11.587 acres; Falcon Ridge, with 7 available lots totaling 14.82 acres; Pheasant Chase, with 18 available lots totaling 56.282 acres; Sunset Ridge (has been surveyed but no roads and utilities installed), with 23 lots totaling 52.643 acres and Raven Hills (which has not been divided into lots), containing two tracts totaling 45.006 acres. The portion of the Seven Springs Development that is up for auction comprises a total of 220.08 acres: 69 building lots and two undeveloped tracts in Raven Hills. There will also be a total of .97 acres made up of three contiguous building lots in the Doe Run Resort offered with a reserve of $10,000.

Underground electric lines and roads are in place for all villages except for Sunset Ridge and Raven Hills. There are utility easements in place for Sunset Ridge and Raven Hills. End users wishing to build a home on developed lots will be responsible for installing well and septic, and electric connection. Water appears to be abundant at Seven Springs. According to caretaker of development, the wells installed in Quail Run recorded 100 gallons per minute.

The Online Only Auction will have 9 offerings. The bid link will be placed here, on our website, http://www.blueridgelandandauction.com on Friday, October 7th by 9 am Eastern Standard Time. This bid link will take you to an online auction platform for all 9 offerings. The Online Only Auction will Begin to End on Friday, November 4th at 2:00 pm Eastern Standard Time. “Begin to End” is a term signifying that final bids will be considered and prolonged until active bidding ceases. Fair warnings will be given. Bidding for each offering will run simultaneously. Bidders will be able to bid on one or all offerings during the auction. Each offering will remain open until bidding on each offering stops.

Winning Bidders must sign a Purchase Contract and place a 10% Earnest Money Deposit on November 4th. Wiring instructions will be provided to successful bidders. There is no Buyer’s Premium for this auction, and all purchases must close within 30 days after auction. The reserve for The Seven Springs is $1,000 per acre, whether for an individual Village or the entire development. Seller reserves the right to accept, at its sole discretion, a bid on the entire Development, even if that bid is less per acre than bid(s) on individual Villages or is less than the reserve. Maps, Terms and Conditions, Map Explanations, HOA, and other information can be found and downloaded from this site. By registering to bid, buyers acknowledge that they have read through the HOA package, that the 48-hour review period of the HOA has been satisfied and that they accept the HOA as it is written.

The developer who created the Seven Springs had a vision of a Blue Ridge Mountain retreat that provided secluded home-sites with stunning mountain views. The acreage he assembled is in a phenomenal location adjacent to the Blue Ridge Parkway, convenient to US Route 58 and Interstate 77. He was able to see a portion of his vision fulfilled as a number of lots were sold and homes built. The family of the original developer would love to see a capable buyer or buyers purchase the splendid remaining portion of Seven Springs in order to complete that vision. For more information about the developer’s vision, visit http://www.thesevensprings.com . Please note that information presented on that page may not be current and does not apply to this auction and is informational only. All information regarding this auction is located on this page and bidder packet for this auction.

The Doe Run lots being offered total .97 acres and can be improved with one or more homes which would overlook a lovely pond within the beautiful Doe Run Resort, which is just off the Blue Ridge Parkway, and which is fully improved with a restaurant, tennis courts and more. To reach Doe Run, travelling north on the Blue Ridge Parkway, pass mile marker 190, turn right onto the paved entrance to Doe Run, take a left on Buck Hollar, a right on Pilot View and a left on Groundhog Hills Road. The property for auction is on the right, on a curve, before the tennis courts. There is an aerial view and a survey in the Bidder’s Packet. Bidders acknowledge by bidding on this property that they have reviewed the HOA for Doe Run and approve the HOA as it is written.

Directions to Seven Springs: From I-77 Fancy Gap, take Blue Ridge Parkway Exit 8. Travel towards Route 52. Proceed north on the Blue Ridge Parkway approximately 7 miles and take a right onto Willis Gap Mountain Road. There is a sign on the right.

These Properties being offered at Auction are located in Fancy Gap, VA, which is within a 30 minute commute to Stuart, VA, Floyd, VA, and Hillsville, VA, a one-hour commute to Blacksburg, VA, Radford, VA, Christiansburg, VA, Wytheville, VA, Greensboro, NC, Winston Salem, NC, and Mount Airy, NC, and within a two-hour commute to Charlotte, NC and Roanoke, VA.

TERMS:

The Online Only Auction will have 9 offerings. The bid link will be placed here, on our website, http://www.blueridgelandandauction.com on Friday, October 7th by 9 am Eastern Standard Time. This bid link will take you to an online auction platform for all 9 offerings. The Online Only Auction will Begin to End on Friday, November 4th at 2:00 pm Eastern Standard Time. “Begin to End” is a term signifying that final bids will be considered and prolonged until active bidding ceases. Fair warnings will be given. Bidding for each offering will run simultaneously. Bidders will be able to bid on one or all offerings during the auction. Each offering will remain open until bidding on each offering stops.

Winning Bidders must sign a Purchase Contract and place a 10% Earnest Money Deposit on November 4th. Wiring instructions will be provided to successful bidders. There is no Buyer’s Premium for this auction, and all purchases must close within 30 days after auction. The reserve for The Seven Springs is $1,000 per acre, whether for an individual Village or the entire development. Seller reserves the right to accept, at its sole discretion, a bid on the entire Development, even if that bid is less per acre than bid(s) on individual Villages or is less than the reserve. Maps, Terms and Conditions, Map Explanations, HOA, and other information can be found and downloaded from this site. By registering to bid, buyers acknowledge that they have read through the HOA package, that the 48-hour review period of the HOA has been satisfied and that they accept the HOA as it is written.

DOCUMENTS:

Questions? Contact Us!

Matthew Gallimore

(540) 745-2089

gallimore.matt@gmail.com

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