Reserve II Sugar Mountain Pre-Construction

Back in 2008, the Reserve II at Sugar Mountain project was halted midway through the project due to the slow-down in the economy with only 18 or the planned 39 buildings completed.

Recently a group of seasoned developers from the Carolinas has purchased the property and is completing the project, starting with the completion of buildings 19, 20 and 21 which will be under construction this summer of 2023. Those buildings are planned to be completed by summer of 2024, weather and supplies permitting and God willing. The buildings will follow the exterior design and basic layout of the original buildings, though some modifications to the interior of the units have been added to enhance the experience of living near the top of Sugar Mountain and enjoying the unsurpassed views that exist at the Reserve I and Reserve II communities. The site work for buildings 22-39 must be completed before those buildings are started, so no other buildings will be started until at least the spring of 2024, depending on construction progress and market conditions-so there are no guarantees that any other Reserve II units will be available in 2024 or 2025, though plans call for starting more buildings in 2024.

Plans are to join the existing Homeowners Association at Reserve II (dues $325/mo., paid quarterly), with the caveat that the new buildings and units will form their own association if the existing association does not allow short-term rentals in our new buildings, as market research has shown that most owners prefer having the option of renting, even if they do not plan to do so themselves at this time. We know that many of the units at Reserve I and

Reserve II do not rent short-term because their owners love spending time at The Reserve and enjoying luxurious living and the wide-open views of the Blue Ridge Mountains, including Grandfather Mountain. Still, the option of renting or not should belong to the owner.

Since the LLC Manager, Randy Wallace and LLC Assistant Manager, Chuck Cox, are life-long developers and Realtors in North and South Carolina, they will be coordinating all initial reservations and purchase contracts for the new buildings and are available at the numbers and emails below. Jim “Fitz” Fitzpatrick at Peak Real Estate is providing consulting and limited listing services, and his office will be housing the project color and selection samples for the project. Chuck’s wife, Robin, will be providing assistance with the selections available for personalizing your condominium. Presently you can reserve a specific unit and lock in your purchase price in the first 3 buildings only, as the developer reserves the right to adjust their reservation and contract forms in the future to allow for the adjustment of prices and materials and timing of buildings 22-39 as market conditions may dictate.