elk river spA club.
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It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.
Make it stand out.
It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.
“It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.”
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About offering
Elk River Country Club
Elevated Developments is raising capital to acquire Lot 31 Elk Knob Drive in the Elk River Country Club Community of Banner Elk, NC. The land is being purchased for $120,000 , which is an attractive basis for Elk River real estate. The Target Annual Return on Investment for investors is projected at 27.2%, inclusive of an 8% dividend paid monthly.
The to-be-constructed home will contain approximately 5,400 sf of living space consisting of 5 bedrooms, 5.5 baths, flex room/bonus room, a three-car garage, a pool and pool house and an outdoor kitchen/living area with high-end finishes, consistent with the market. The home will offer incredible views and sunsets over Tennessee from the second level. The above-described home is currently being designed by our preferred architect and will be fully complete and engineered and in for permitting prior to closing on the land.
A first draft of the home, floor plans and finishes are included in this presentation.
We are seeking $400,000 to acquire the land and construct the above-described homes. Elevated Developments will obtain debt financing for the remaining capital stack at 70% LTC / 60.3% LTV. The full sources and uses of funds and projected profit is described below (Excel proforma with all the details is available upon request).
The Project is located in the Elk River neighborhood of Banner Elk, NC, approximately 3.5 miles from the Beech Mountain Ski Hill. Famous for its emerald waters and stunning white sand beaches, 30A is comprised of 18.5 miles along the Gulf of Mexico and is made up of nine quaint, distinct, and upscale beach communities, funky beach bars, world-class restaurants, 25,000 acres of protected state forest and rare coastal dune lakes that lures millions of visitors annually with its beauty and serenity.
The to-be-built home will offer incredible views and sunsets over Beech Mountain from the second level of the home. The community is proximate to the west end entrance of 30A, which is the quieter side of the strip providing easy beach access and all that 30A has to offer. A private golf course, Runway and Equestrian center are located within minutes from the lot. The community is located right off of xxxxxxx Road, approximately a five-minute drive to Banner Elk and the shopping and entertainment hubs of the Blue Ridge Parkway
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