In the aftermath of Tropical Storm Helene’s devastating impact on Western North Carolina, the region’s luxury housing market has demonstrated remarkable resilience. A stunning mountaintop estate, known as “Lazy Bear Lodge,” has sold for a record-breaking $14 million, surpassing the previous high of $13.9 million.
Located at 1907 Flattop Cliffs Drive in Linville, this breathtaking property boasts panoramic views of the Blue Ridge Mountains from its 5,000-foot ridge perch. The 8,700-square-foot main residence is complemented by a charming “Hobbit home” guest house, replete with a golf simulator and wet bar, as well as the “Folly House,” an entertainment venue rivaling the finest in the world.
Initially listed at $29.75 million two years ago, Lazy Bear Lodge’s sale price, finalized on October 7, underscores the strength of the luxury market. This segment has maintained momentum despite challenges in other areas of the housing market.
According to Avery County records, the property’s tax evaluation stands at $6.1 million, less than half the sale price. To put this in perspective, a 10% down payment and 15-year mortgage would translate to monthly payments exceeding $115,000.
The sale of Lazy Bear Lodge highlights the allure of Western North Carolina’s luxury properties. Other notable listings in the region include Deerhaven Gardens, priced at nearly $20 million, and Sagee Manor, a Highlands estate previously listed for $50 million.
Premier Sotheby’s International Realty, the company behind the sale, attributes the success to the market’s resilience. Marilyn Wright marketed the property exclusively, while Natalie Earnhardt and Josh Aldridge, based in the Linville Ridge Office, brought the buyers to the table.
Budge Huskey, President and CEO of Premier Sotheby’s International Realty, noted, “This sale demonstrates the unwavering confidence in the market’s recovery, even in the face of adversity. Buyers recognize the unparalleled beauty and opportunity that properties in this region offer.”
Key Takeaways:
– Lazy Bear Lodge sold for $14 million, setting a record for Western North Carolina’s most expensive home sale.
– The luxury housing market remains strong despite challenges in other market segments.
– Tropical Storm Helene’s impact did not deter high-end buyers.
– Premier Sotheby’s International Realty facilitated the sale, highlighting the market’s resilience.
– Other notable luxury listings in the region include Deerhaven Gardens and Sagee Manor.
As Western North Carolina recovers from Tropical Storm Helene, the luxury housing market’s robust performance serves as a testament to the region’s enduring appeal. Lazy Bear Lodge’s record-breaking sale underscores the confidence of high-end buyers and the unwavering allure of the Blue Ridge Mountains.
In the realm of luxury real estate, Western North Carolina has solidified its position as a coveted destination. Properties like Lazy Bear Lodge offer an unparalleled blend of natural beauty, exclusivity, and world-class amenities.
The sale of Lazy Bear Lodge has sent a clear message: Western North Carolina’s luxury housing market remains a beacon of strength and sophistication, poised to weather any storm.
As the region continues to rebuild and recover, this landmark sale serves as a reminder of the area’s intrinsic value and allure. Whether drawn by the majestic mountains, pristine landscapes, or upscale lifestyle, buyers are willing to invest in Western North Carolina’s luxury properties.
In conclusion, Lazy Bear Lodge’s record-breaking sale has redefined the boundaries of luxury living in Western North Carolina. This remarkable transaction has cemented the region’s status as a haven for discerning buyers seeking unparalleled beauty, exclusivity, and sophistication.