MAJESTIC HIGHLANDS OF ASHEVILLE

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1 MAJESTIC HIGHLANDS OF ASHEVILLE Asheville s Premier, High-Elevation, Mountain-Top Property 795 ± Acres Buncombe County Western North Carolina SEALED BID AUCTION Followed by a live auction on June 21st Sealed bids are due June 12th Qualified bidders will be invited to a Live Auction! (see details on back) HallandHall.com

2 Unusual, high-elevation, 8-acre Lake Tsuga 795± Acres of Exceptional Mountain-Top Land Minutes from Asheville, NC Incredible Panoramic Views Excellent Buildable Topography Outstanding Development Potential In the Heart of the Blue Ridge Mountains Unique, 663-Acre Mountain-Top Bowl

3 MAJESTIC HIGHLANDS OF ASHEVILLE Asheville s Premier, High-Elevation, Mountain-Top Property 400 Spring Mountain Road, Fairview, NC The Blue Ridge Mountains of the Southern Appalachian Mountain Range provide some of the most unique opportunities in the world for mountain-top living. One can discover a variety of large-acre tracts that offer highelevation settings with excellent buildable topography; other properties offer a combination of old-growth, hardwood forests and open pastureland; a handful of large, contiguous tracts offer 360-degree, 50 mile views in all directions, with orientations predominately in the much desired easterly, southerly and westerly directions; in more rare instances still, some hard-to-find properties include an existing trail system comprised of miles of hiking, nature and equestrian trails; they are very difficult to find, but there may be a few high-elevation tracts that offer mountain peaks connected by miles of ridgelines that encircle a private, protected bowl of unmatched beauty; and a precious few more offer a serene mountain-top lake setting. Finding property with one or more of the above attributes would be truly unique. Finding all of the above attributes in one, contiguous, expansive tract of mountain-top land is simply extraordinary. Welcome to The Majestic Highlands of Asheville, a one-ofa-kind, trophy property where the confluence of all that nature has to offer is located here, in the heart of the Blue Ridge Mountains of Western North Carolina.

4 ProPerty as a UniqUe opportunity Majestic Highlands is comprised of approximately 795 acres of exceptional, high elevation, mountain-top land situated high atop the Swannanoa Mountain Range located immediately east of Asheville, North Carolina. The Swannanoa Mountain Range is the highest elevation collection of peaks and ridgelines set in such close proximity to the valley that defines the thriving small city of Asheville. Approximately 776 of the 795 acres are made up of two abutting premier land tracts consisting of 663 acres and 113 acres. The 663- acre tract, historically known as The Ponderosa, consists of a very large and unique mountain-top bowl surrounded by spectacular ridgelines about its perimeter. The views from these ridgelines are breathtaking in virtually all directions. The remainder of the 776 acres, including the 113-acre tract, is comprised of natural forest filled with mature hardwoods, hiking, nature and equestrian trails and tremendous, scenic beauty.

5 lake tsuga Beautiful 8 acre lake Pristine mountain-top amenity Perfect for canoeing, kayaking, fly-fishing & swimming lake tsuga A 10-acre tract that abuts the 663-acre tract includes what was historically known as Lake Tsuga. This pristine lake is approximately 8 acres in size and serves as a fabulous mountain top amenity, perfect for canoeing, kayaking, fishing, fly-fishing and swimming. An additional 9-acre tract that borders the northern shoreline of the lake and includes more than 700 feet of lakeshore frontage, is also included in the overall land package, bringing the total land area to approximately 795 acres.

6 asheville and the Western north Carolina region If the unique characteristics of this uncommon property were not enough to attract the most discriminating of buyers, then perhaps the property s physical proximity (25 minutes) to the remarkable downtown vibrancy of the small city of Asheville would serve as the tipping point. Asheville has been called the Paris of the South, the San Francisco of the East and the Key West of the Mountains. The accolades are never-ending and they span a very wide range of cultural interests and diversity in lifestyle. Suffice it to say that Asheville s restaurant, art and music scene is more active and culturally diverse than many of the much larger metropolitan areas across the country. Asheville has been recognized on more national and international Top Twenty lists of favorable descriptions than perhaps any other small city in the nation. Set forth below is just a small sample of these impressive accolades: #1, Best U.S. Destination for 2017 One of the 9 Most Romantic Cities in the South One of the 20 Coolest Towns in the U.S. One of the 13 Greatest Destination Food Towns in America #10, on the list of Friendliest Cities in the U.S. #4 on the list of Top Ten Foodie Cities One of America s Best River Towns One of the Most Beautiful Places in America #1, Place to View Fall Foliage The Happiest City in the United States America s 12 Greatest Music Cities

7 recreational opportunities The nearby outdoor recreational opportunities and eco-tourism in and around the Asheville area and the greater Western North Carolina region are as diverse and accessible as any location in the world. Canoeing, kayaking, white-water rafting, tubing, fishing and fly-fishing are available on a wide range of rivers including the French Broad, Nantahala, Tuckasegee, Nolichucky, Davidson, Pigeon, Little Tennessee and North Fork Rivers and Hazel Creek and Eagle Creek in the Great Smoky Mountains National Park. Hiking and mountain-biking opportunities are plentiful along the Appalachian Trail and along numerous trail systems accessed from the scenic Blue Ridge Parkway, the Great Smoky Mountains National Park, the Pisgah, Nantahala and Cherokee National Forests as well as the Dupont and Headwaters State Forests. Winter sports and recreational venues provide additional, nearby outdoor entertainment opportunities that truly provide for yearround exercise and athletic challenges. Skiing, snow-boarding and snow tubing facilities are found from the Cataloochie Ski area located just west of Asheville to the Wolf Laurel Ski area to the north and the Beech Mountain and Sugar Mountain Ski areas to the east. Cross-country skiing and snowshoeing adventures are also available within many of the same areas that cater to hiking in the warmer months.

8 the BlUe ridge MoUntains of the southern appalachian MoUntain range

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10 extraordinary real estate In summary, Majestic Highlands is perhaps the most extraordinary and unique, high-elevation property of this magnitude remaining in the Western North Carolina region. It has to be seen to be fully appreciated. The elevations range from a low of approximately 3,200 feet to a high of more than 4,300 feet. The high elevation allows for a distinctly private setting, with cool summers, phenomenal fall and spring colors and the occasional blanket of snow during the winter months. There is an almost endless traverse of easily walkable ridge lines that connect one mountain peak to another, offering incredible 360-degree views of a large expanse of Western North Carolina. There are numerous well-maintained hiking, nature and equestrian trails that wind their way throughout the forested topography for miles. This property includes a 663-acre tract consisting of a very large and unique mountain-top bowl surrounded by spectacular ridgelines about it s perimeter and a 113-acre tract comprised of natural forest filled with mature hardwoods, hiking, nature and equestrian trails and tremendous scenic beauty. A 10-acre tract that abuts the 663-acre tract includes what was historically known as Lake Tsuga. This pristine lake is approximately 8 acres in size and serves as a fabulous mountain top amenity, perfect for canoeing, kayaking, fishing and swimming. An additional 9-acre tract that borders the northern shoreline of the lake and includes more than 700 feet of lakeshore frontage, is also included in the overall land package, bringing the total land area to approximately 795 acres.

11 LOcATiOn TO nearby AMEniTiES: 25 minutes to downtown Asheville 30 minutes to the Biltmore Estate 20 minutes to the Blue Ridge Parkway 40 minutes to Chimney Rock State Park 45 minutes to Lake Lure 1 hour, 25 minutes to Great Smoky Mountains National Park 1 hour to the Tryon International Equestrian Center 35 minutes to the Asheville Regional Airport 1 hour, 20 minutes to the Greenville-Spartanburg lnt l Airport 1 hour, 50 minutes to the Charlotte lnt l Airport 30 minutes to 1 hour 30 minutes to 8 major navigable rivers 1 hour to 1 hour 45 minutes to 4 major ski resorts SEALED BID AUCTION Followed by a live auction on June 21st Sealed bids are due June 12th Qualified bidders will be invited to a Live Auction! (see details on back) HallandHall.com

12 HallandHall.com Hall and Hall Auctions 100 S. Cherry Ave., Unit 6D Eaton, CO MAJESTIC HIGHLANDS OF ASHEVILLE Asheville s Premier, High-Elevation, Mountain-Top Property 795 ± Acres Buncombe County, Western North Carolina Sealed bids are due June 12th Qualified bidders will be invited to a Live Auction! Qualified bidders will be contacted by June 14th, 2017 and invited to a live auction to be held on June 21st after which the auction will be closed and the successful bidder shall execute a Purchase and Sale Agreement. SUMMARY OF TERMS: A 10% earnest money deposit of the total contract price will be due immediately from the successful bidder. The property is being sold AS IS, WHERE IS and without any contingencies including financing. 100% of the Seller s mineral interest will convey. Closing will be set 20 days from the auction date or as soon thereafter as closing documents are available. A 10% Buyer s Premium is associated with this purchase. Broker participation available