Price :
1,950,000  
ID :
450  

OVERVIEW

LAKEMONT is a spectacular 47 acre private country estate located in Mercer County near Princeton WV. The immaculate custom home is nestled into a beautiful hardwood forest with acres and acres of greenspace surrounding the home and attendant improvements. An added bonus, and most importantly, Lakemont adjoins the Glenwood Park 40 acre lake offering all types of water recreational opportunities, including fishing, paddle-boating, floating and sunning.

LAKEMONT HIGHLIGHTS

  • 7/10 miles of paved private driveway winding through 47 acres of mature forest, green spaces and estate grounds
  • Adjoins the quaint 120 acre Glenwood Park with its spectacular 40 acre lake that offers water recreational opportunities including fishing and paddle-boating.
  • Completely secluded in a world away, while being only 5 minutes to shopping, schools, hospital, and all city amenities
  • Easy access to I-77, US 460, I-64 with 3 commercial airports 30-90 minutes away
  • Immaculate 4160’ custom home created by one of the area’s finest builders
  • 2 drilled water wells provide abundant, exceptionally cool, chemical free, and amazingly clean drinking and general use water
  • Underground utilities
  • Century old trees intermixed with acres of green space create a park-like setting
  • Wildlife abounds including with resident wild turkey, deer, squirrel and rabbit, as well as song birds, owls, hawks and ravens
  • Long views of the distant East River Mountain with little intrusion from the outside world
  • Well done garage-workshop building with antique car storage bays behind main home
  • Open floor plan apartment above the garage building with full kitchen, bath, living room and bedroom
  • 10’ ceilings downstairs with 9’ ceilings upstairs
  • Slate, marble and hardwood flooring
  • Security system
  • 20,000 KW propane fired backup generator provides all electrical needs during electrical outages or for “off the grid living”
  • Interior finishes include slate, marble and hardwood floors. Corian counters, with custom cabinetry, wide moldings and many extra features throughout
  • Large 6 car garage with full apartment above
  • Miles of forest trails for hiking on property and in the adjacent 120 acre park
  • Exceptional songbird population including neo-tropicals, woodpeckers, owls, cardinals, blue jays,  and hawks
  • Resident wildlife population density is unrivaled with rabbit, squirrel, deer, turkey, raccoon, fox and chipmunk
  • A “Dark Skies Property” with no light pollution for fantastic star & planet gazing
  • 3 electric heat pumps supported by 3 propane fired forced air furnaces and one electric furnace

MAIN HOME INFORMATION

Home Square Footage Summary

2,827 SF +/- (First Floor)
1,333 SF +/- (Second Floor)
Total = 4,160 Square Feet

3 Bedrooms (all 3 have private baths and wardrobes; 2 are Master Bedrooms with large Master Baths and large wardrobes)
3 1/2 Total Bathrooms (including the 3 with the Master Bedrooms)
Kitchen with Breakfast area
Dining Room
Family Room with Fireplace
Great Room with Fireplace
Living Room
Sun Room
Laundry Room

Room Dimension Summary

1st Floor:

Kitchen and Breakfast area 20 X 16
Dining Room 14 X 12
Family Room with Fireplace 20 X 15
Foyer 14 X 12
Great Room with Fireplace 25 X 32 (plus large storage closet)
Living Room 14 X 15
Sun Room 12 X 12
Master Bedroom 14 X 18
Master Bathroom 10 X 14
Master Wardrobe 10 X 13
Laundry Room 8 X 9
Powder Room 8 X 6

2nd Floor:

Master Bedroom 14 X 18
Master Bathroom 14 X 12
Master Wardrobe 7 X 15
Bedroom 13 X 15
Bathroom 8 X 9
Wardrobe 8 X 6
Conversation Area 25 X 16

Apartment

29 X 40 = 1160 Square Feet

Room Dimension Summary

Kitchen, Eating Area, and Living Area 18’8″ X 40′
Bedroom 9 X 12 1/2
Dressing Room 9 X 12
Bathroom 9 X 6
Utility 9 X 5 1/2

ITEMS TO CONVEY

Main Home: Countertop Range, Double Oven, Refrigerator, Microwave, Built-In Vacuum System, Clothes Washer and Dryer,and Direct TV Satellite Dish
Apartment: Range, Refrigerator, Microwave, and Clothes Washer and Dryer

Other: 20,000KW backup generator, 1000 gallon underground propane tank.

LOCATION

Lakemont is located in Princeton, the county seat of Mercer County. This 47-acre agricultural-timberland-recreational opportunity is located in the scenic, mountainous region of southeastern West Virginia. The surrounding Mercer County landscape is part of the southeastern Ridge and Valley Region, a scenic tapestry of elongated hardwood Allegheny & Appalachian mountain ranges. Much of Mercer County remains undeveloped and is characterized by its scenic farm valleys, small communities and large expanses of hardwood forest.

Lakemont, with nearly 47 acres of mature forest and open spaces, represents an opportunity to continue the classic family ownership legacy for the next generation. Terrain is typical of the region and considered flat to rolling to mountainous, with upland hardwood flats and ridges separated by hollows that flank the lower lying stream drainage.

Google Coordinates at house are: Latitude: 37.337669N Longitude: -81.161398W

ACCESS

Year round access to the property is excellent. The property fronts the hard-top state maintained WV RT 20 and then follows the Buena Vista Drive for 7/10 mile to the home.

Internal access is considered excellent with the paved private Buena Vista Drive winding through the heart of the property and terminating at the home and estate grounds. Additional hiking trails provide access to the adjoining lake, nice stands of timber and nearly all corners of the property. These trails offer nature viewing and hiking, peace and solitude.

SURROUNDING AREA

The surrounding area offers unlimited soft recreational activities including white water rafting, golfing, fishing, camping, hiking, bird watching and rock climbing. Snow skiing at the Winterplace Ski Resort is a ½ hour away. In 1 hour you can catch the Amtrak train in Hinton and ride to Chicago or New York City. The Greenbrier Valley Airport is an hour away and the Beckley Airport is just 30 minutes away. Yeager Airport in Charleston WV, is an easy 90 minute drive on I-77.

Lakemont is supported with the thriving community of Princeton. The area is a strong economic generator with a solid workforce employed in county/state government, tourism, hospitality, education, retail, construction, wood products, mining and agriculture. The surrounding area is richly blessed with a wide array of cultural events that keep life interesting and satisfying. Visit http://www.visitmercercounty.com/

Charleston is West Virginia’s state capitol and is an easy 90 minute drive. Charleston is West Virginia’s largest city with a population of some 50,000 and a metro area of 225,000. It is the center of government, commerce, culture and industry. There is a commercial airport with daily flights to most major hubs.

Beckley is a 30 minute drive, has a population of 34,000, and is the county seat of Raleigh County. All amenities are available in Beckley. Beckley is located at the intersection of I-77, I-64 and US 19 so easy access to Charlotte, Pittsburgh, Charleston and Cincinnati is just around the corner.

The world renowned 4-Star Greenbrier Resort, home of the PGA tour, is an hour drive. Several other area golf courses are available in the area. The New River Gorge recreation area offers white water rafting, rock climbing, ziplining, camping and horseback riding. The nearby and very popular 100+ mile long Hatfield-McCoy ATV trail makes for a very active recreation area.

Year round, state maintained paved roads and a private driveway provide easy access. Weekly trash pickup, daily newspaper and daily mail delivery is available at curb-side. UPS and FedEx service this area also.

Situate within an hour’s drive of the confluence of the New River, Bluestone River and Greenbrier River, the 2000 acre Bluestone Lake, at Hinton is truly a gateway to water recreation. The 80,000 acre New River National River Park, Bluestone State Park, Pipestem State Park Resort and 17,000 acre Bluestone Wildlife Management Area are recreational cornerstones in the area. The new 10,000 acre Boy Scout high adventure camp is an hour’s drive.

THE NEW RIVER AND BLUESTONE LAKE

The New River Gorge was a vast and largely unsettled wilderness until the C&O railroad was built on the eastern side of the river in the 1880’s. The railroad opened up the rich coalfields and virgin timber stands of the region. Early “mountaineers” settled the area and soon were carving out mountain farms and raising families.

Lakemont is located in the heart of the recreational mecca area encompassing the New River and 2000 acre Bluestone Lake at Hinton. The New River is the second oldest river in the world, preceded only by the Nile; it is the oldest river in North America. The New River is unique because it begins in Blowing Rock, N.C. and flows north through Virginia into West Virginia. The Nile and Amazon are the only other major rivers that also flow north. Year after year, it produces more citation fish than any other warm water river in WV. Smallmouth bass, largemouth bass, crappie, catfish, sunfish, hybrid striped bass, and muskie are all common species of fish found in the New River and Bluestone Lake.

Bluestone Lake is over 2000 acres at summer pool and is the state’s third largest body of water. Great hunting and fishing opportunities abound at the 17,632 acre Bluestone Wildlife Area adjacent to the park and nearby Camp Creek State Forest.

GREENSPACE – AGRICULTURAL RESOURCES

There are approximately 14 acres of open land presently maintained in cool season landscape grass, making up the greenspace around the home. The ground is fertile and could easily support pasture and hay production for horses, cattle or other livestock.

FOREST/TIMBER RESOURCES

The distinguishing features of Lakemont’s timber resource include its unusually high hardwood sawtimber and pole stocking with a basal area per acre of 145. This stocking is well above average for the region. This well managed timber resource can provide a great deal of flexibility to the next ownership in terms of potential harvest revenue and can be managed to provide cash flow opportunities to offset holding cost and long-term asset appreciation.

Forest-wide, most stands are fully stocked, providing the next ownership with a great deal of flexibility in shaping their own silvicultural legacy. Stem quality forest-wide can be considered excellent with the forest containing an abundant current and future veneer source.

Lakemont’s timber component has been well managed over the years and generally consists of two age classes that have been managed under even-aged silvicultural guidelines. The predominant timber stand contains 40-120 year old stems ranging in size of 10”-28” dbh.

The second distinct stand was established over the past 50 years when some of the farm fields and pastures were abandoned and the forest began to naturally regenerate. These stands represent a quality hardwood resource will be reaching economic maturity in the next 20-40 years.

Sawlog & Veneer Value: These species dominate the sawlog and veneer value, collectively representing nearly all the value: The Red Oak, White Oak, Yellow Poplar/Basswood, Maples, Hickory, Ash, Beech, Black Walnut, Birch and other associates.

Several “Heritage Trees” are scattered throughout the forest and field edges. These ancient trees, some 200-300 years old, have withstood the test of time, weathering ice, wind, lightning strikes and fire.

The forest is healthy and there are no signs of pest infestations of Gypsy Moth. The Emerald Ash Borer may be present and it is anticipated that the Ash component will be compromised by the borer in the next decade. There have been no forest fires in the recent memory.

The forest floor is home to several types of mushrooms, medicinal plants, wild ginseng, ferns and cool green mosses. One could spend a lifetime getting to know this inviting environ.

WILDLIFE

Lakemont has a mixture of greenspace, mature forest and old abandoned farm fields, coupled with the abundant water supply from intermittent streams, springs and the adjoining lake, which create the perfect wildlife habitat. The miles of “edge effect” created between greenspace and forest is the perfect habitat for all the resident wildlife. Even the edges of the private drive are planted with a mix of grasses creating a ¾ mile wildlife food plot. White tail deer, wild turkey, squirrel, rabbit, raccoon, fox and many species of songbirds, owls and raptors make up the resident wildlife population.

With no hunting pressure from the surrounding Glenwood Park and other adjoining properties, the resident wildlife population has thrived for many, many years.

The hardwood forest provides the essential nutrient source and produces tons of hard mast including acorns, hickory nuts, beech nuts and black walnuts. Soft mast includes stag horn sumac, black cherry, tulip poplar seeds, maple seeds, autumn olive berries and blackberries.

The adjoining 40 acre lake is stocked with bass, bluegill and catfish and kids of all ages have fun fishing and skipping stones across the lake. Several large bullfrogs enjoy the lake as well and their nightly singing is a welcome sound. Muskrats, groundhogs, raccoon, and maybe a few otters enjoy the lake as well. Blue Herons have been seen around the lake along with many species of wild duck and flocks of Canada Geese.

A number of Bald Eagles have been spotted up and down the Greenbrier and New Rivers and are a thrill to see with wingspans of 6-7 feet.

WATER

Lakemont is blessed with a year-round water source being the adjoining 40 acre Glenwood Lake. The lake is maintained by the Mercer County Commission.

On property, three large hollows, several ephemeral streams and a spring provide topographic relief throughout the property allowing for water flow during rain events and snow melt.

There are two drilled water wells on the property providing cool, clear and amazingly clean drinking water and general use water. The flow rate in gallons per minute was measured at 5 gallons per minute and 10 gallons a minute, which is a total potential production a day of over 20,000 gallons. The water is pure enough that no chlorine or other chemical treatment as used in public water treatment plants is necessary.

UTILITIES

  • Water – Two wells: 1st well is 125 feet deep and produces at 10 gallons per minute; 2nd well is 499 feet deep and produces at 5 gallons per minute. The water was recently tested and found to be perfect.
  • Sewer – Septic
  • Electric – Appalachian Electric Power
  • Landline Phone – Frontier
  • Cable TV – DirectTV
  • LP Gas – Various local suppliers. 1000 gallon underground tank is owned by seller.
  • 2-50 gallon , propane fired, self-cleaning water heaters
  • Trash Pickup – Curbside
  • Cell phone coverage is excellent
  • USPS and Overnight Couriers deliver to the area

MINERAL RESOURCES

The owner has chosen not to lease out any mineral-oil/gas rights and all rights the owner has will convey with the property.

BOUNDARIES AND SURVEY

The property has been survey and a compilation plat of the 8 tax parcels was compiled by the Shields Engineering Company of Bluefield, West Virginia, on August 12, 2014.

Google Coordinates at the house are: Latitude: 37.337669N Longitude: -81.161398W

Elevation Range: 2,480 ft. to 2,645 ft.

ZONING

There is currently no county zoning in this area of Mercer County.  Further information on county zoning may be answered by contacting the Mercer County commissioner.

LEGAL and TAXES

911 Address:

724 and 823 Buena Vista Drive
Princeton, WV 24740
Mercer County, West Virginia

Current Acreage: Residual acreage appears to be 46.68 acres, more or less, plus the strip of land acquired by DB 596 Page 768 for which the acreage is not stated.

Private Access Road: 0.3 mile
Home/Apartment/Yard/: 2.4 acres+/-
Forestland: 31.4 acres +/-
Field: 10.2 acres +/-
Area Cleared for Use Conversion: 2.6 acres +/-

Tax ID/Acreage:
The property is taxed as eight parcels.
Mercer County, Beaver Pond District (2)
TM 13 Parcel 3.4, 3.33 AC RT 20 GLENWOOD PK
TM 13 Parcel 5.14, 0.66 AC GLENWOOD
TM 13 Parcel 5.15, 1.13 AC NEW HOPE RD
TM 13 Parcel 6.2, 1.83 AC GLENWOOD
TM 13 Parcel 7.4, 0.13 AC GLENWOOD
TM 13 Parcel 10, LOT 39
TM 13 Parcel 14, 27.1 AC & LOT 39 BRUSH CK (R W RT 20 INC PCL 10)
TM 13A Parcel 18.1, PT LOT 117 LAKELAND PARK SD (0.13 AC)

Total 2015 Real Estate Taxes: $2,197.58

This property is being sold by the boundary, not by the acre.

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