inner banks elite properties, llc

INNER BANKS ELITE PROPERTIES, LLC
The Sunset over the
I
Inner
B
Bankk off NC
Come and JJoin us
The Sailing Capitol of
North Carolina
What are the Inner Banks?
North Carolina
2
I
B k Elite
Elit P
ti LLC
Inner
Banks
Properties,
KEY PERSONNEL
E. Geary Crist
Mobile:
Email:
Josh Nobles, PLS
Mobile:
Email:
John G. Thomas, PE
Mobile:
Email:
Wendy Lovelace
Mobile:
Email:
Brenda Riddle Crist
Mobile:
E il
Email:
FIRM ADDRESS
Owner/Broker in Charge
252.202.6118
[email protected]
Senior Surveyor
252.671.3171
J
[email protected]
g
Project Engineer – Thomas Engineering, PA
Owner – L.R. Thomas & Sons, Inc.
252.671.5855
[email protected]
Associate Broker
540.586.3356
[email protected]
Asset Specialist
252.562.4463
EGC i t@ h
[email protected]
Inner Banks Elite Properties, LLC
20014 North Carolina Hwy 55
Merritt, North Carolina 28556
Email: [email protected]
Facsimile: 919.882.8784
3
Th IInner B
k Eli
i T
The
Banks
Elite P
Properties
Team
E. Geary Crist
Geary, 64, graduated from Saint Leo University in Florida with a Bachelor of
Science Degree and a major in finance. An Eagle Scout, after six years in the
Navy, Geary began his career in securities and for 30 years he was an analyst,
a partner/owner of various firms in the Virginia Beach and Norfolk areas. At
the end of his career he was senior partner and owner of Creative Investment
Planning. Foreseeing the opportunities in North Carolina, in 1999 Geary
began his residential/commercial real estate career in Elizabeth City, North
Carolina. He was the Broker in Charge of GVA Advantis World-wide as a
commercial firm in that city as well as owner of Nortech Commercial Realty.
Geary brings
b
a wealth
l h off knowledge
k
l d to the
h NC Inner Banks
k present
opportunities.
4
Inner Banks Elite Properties Team (cont.)
JJosh Nobles,, PLS
Josh, 59. Following his schooling in North Carolina, began his 40 year career in land
and development surveying. As a native of Pamlico County, North Carolina and
because of his work Josh has an unprecedented knowledge of the area and for years
has been considered by the real estate community professionally as one of the most
knowledgeable land surveyors and developers locally. Josh brings a unique ability to
the Inner Banks Elite Properties team with his surveying credentials, complete
familiarity of governmental land restrictions, development background, necessary
governmental contacts
contacts, and knowledge of land ownership in the Inner Banks of
Beaufort and Pamlico Counties. In addition, Josh has brought not only beautiful,
undervalued Inner Banks residential waterfront and commercial property
opportunities to our inventory but, gorgeous property tracts along the Rappahannock
River in Virginia spanning over 1000 acres
acres. He works closely with Geary and John in
maximizing the division of land tracts for their best and most economical usage, while
strictly adhering to environmental and governmental guidelines.
5
Inner Banks Elite Properties Team (cont.)
John G. Thomas, PE
John, 58, graduated from North Carolina State University with a B.S. in Industrial
Engineering and opened the doors of Thomas Engineering in 1983. Over the past 23
years, his company has been responsible for over 1700 projects. Thomas Engineering
provides civil engineering services in the areas of stormwater management, water line
extensions, sewer line extensions, sewer pump station design, and onsite wastewater
systems. They strive to produce practical projects that maximize constructability while
minimizing development costs and work with local municipalities' planning and
engineering offices and state organizations to permit projects in a timely manner. The
Thomas Engineering group is constantly looking for innovative ways to ease impacts
on the environment and communities. Additionally Thomas Engineering provides
land development and project management services. They meet with
developers prior to property purchase to discuss project feasibility and consult on cost
analyses, then compile expense takeoffs to give the client accurate estimates of all
expenses that they will incur throughout the life of the project.
6
I
B k Elite
Eli P
i Team
T
(
)
Inner
Banks
Properties
(cont.)
Wendy Lovelace
Wendy,38, graduated from Averett College with a B.S. degree in Environmental
Science, Biology and Chemistry. After completing college Wendy began her career
working in the environmental industry specializing in Storm Water Pollution
Prevention Plans (SWPPP), ground water monitoring, remediation, DOD work and
waste di
disposal.l B
Becoming
i iinterested
d in
i the
h coastall area an opportunity
i presented
d itself
i lf
to work with a land consulting firm where she was able to use her knowledge of the
environmental arena with the selling of coastal waterfront property. This started
Wendyy into a successful land career that has spanned
p
for 13 years.
y
She holds Broker
licenses in North Carolina, Virginia & Tennessee as well as her contractors license.
Wendy has extensive knowledge of the North Carolina coast and has worked with
several land developers from the Virginia Beach region to the Wilmington area.
Wendy now owns her own firm as well as owning part of a construction company
both based in the foothills of the Shenandoah mountains. Combining her
environmental background, land sales & development experience, extensive
knowledge of the coastal Inner & Outer Banks of North Carolina with her
construction involvement, Wendy is able to provide sound service to and for her
clients.
7
Inner Banks Elite Properties Team (cont.)
Brenda Riddle Crist
Brenda, 59, brings unique abilities to the Inner Banks Elite Properties Team. With a GRI
designation in real estate, vast experience working with individual and group pension profit
sharing, IRA and 401 K products, and a tax accounting background she plays an intregral part
in differentiating Inner Banks Elite Properties from any of our competitors
competitors. At Inner Banks Elite
Properties Brenda works with clients who desire hard asset land purchases transferred into any
choice of their asset accounts. For our clients who wish an asset transfer, she performs the work
necessary interfacing with qualified trustees to affect said transfers while continually educating
said clients regarding their rights and restrictions.
restrictions She also details and does necessary initial IRS
reporting and to the extent necessary interfaces with client CPAs or other tax professionals.
Inner Banks Elite Properties provides this ongoing unique service as part of the total purchase
experience with no additional charge to our clients.
8
The
Banks
Th Inner
I
B k off NC
is virtually
UNDISCOVERED &
UNDERVALUED
f you, the
for
h Client!
Cl
!
9
The Inner Banks of NC - A view of the Neuse River
y East Coast Waterfront Scarce
y Cape Cod
d
y Long Island
y Annapolis
y The Chesapeake
y Virginia
y All of the above either developed or
y
y
y
y
y
prohibitively
hibi i l expensive
i
Inner Banks waterways conducive to
year around boating
Water topography is silt vs
vs. rock
Inner Banks protected Haven
Affordable vs. the high cost of the Outer
Banks
Boating Paradise
10
If you are an investor, a sailor, a bluewater fisherman or just want a tranquil life
with beautiful vistas, the Inner Banks of North Carolina provides the last piece of
waterfront real estate to the Atlantic Ocean.
y Home to 7 Sounds: The Pamlico,
y
y
y
y
y
y
Albemarle, Bogue, Currituck, Croatan,
Core and Roanoke Sounds.
The Albemarle and Pamlico Sound area
is the second largest estuarine system in
the U.S.
The Inner Banks encompass 22,227
square miles.
il
1000’s of miles of inner beaches and
shorelines.
20 Atlantic Ocean Inlets that feed the
Inner Banks from South Carolina to the
Virginia border.
Boating throughout via the federally
maintained Intracoastal Waterway.
Waterway
A free North Carolina Ferry System.
11
Migration
y Florida owners of real estate migrate to the Inner
Banks during the Spring, Summer, and Fall periods of
the
h year to escape the
h heat.
h
y Northern States’ owners of real estate migrate to the
I
Inner
B
Banks
k d
during
i the
h winter.
i
y Inner Banks owners have boating and recreation 10-11
months
th annually
ll
…SOMETHING MUST BE RIGHT!!
12
E
l off C
i
Examples
Current P
Prime,
Trophy Properties
Our relationships afford us the opportunity to provide prime
properties which are not available through standard real estate
channels…
channels
y Harbor Pointe
y Vandemere Waterfront
y Warsaw Pointe, Va The Rappahannock
y Grantsboro
G
b
Commercial
C
i l Property
P
y 230 acre Waterfront tract – New Bern, NC
13
14
Harbor Pointe
y A deepwater, waterfront tract with 487 acres.
y Located at the convergence of the Pamlico River, Pungo River,
and
d Pamlico
P li S
Sound.
d
y Five nautical miles from the Intracoastal Waterway and
pp
y 30 nautical miles from the Atlantic Ocean.
approximately
y Currently subdivided into 41 individual 11 acre plus waterfront
lots with 250-300 linear feet per lot of deep water. Average water
d h soundings
depth
di
are fi
five (5) feet
f at water’s
’ edge.
d
y Each lot can, in turn, be subdivided into a 10 acre and one acre
plus parcel.
p
p
15
HARBOR POINTE
16
HARBOR POINTE
17
E
Example
l off view from
f
H
Harbor
b P
Pointe
18
E
Example
l off view from
f
H
Harbor
b P
Pointe
19
Example of view from Harbor Pointe
20
Example
l of elevation
l
and
d view from Harbor
b Pointe
21
Example of Subdividing Harbor Pointe into 41 11-Acre Waterfront Lots
22
Current Harbor Pointe Lot Pricing
y This offering is new.
y Individual lot pricing below is for the current plat
build out. However, this tract can be purchased in it’s
entirety at a discounted price, and the configuration
changed
h
d if an investor
i
materializes.
i li
That
Th price
i for
f the
h
entire 487 waterfront acres is $8.1 million verses the
$10 9 million for individual lot sales.
$10.9
sales Except for
individual septic and wells, infrastructure will be
provided at the 10.9 million price
p
p
point.
p
23
Current Pricing for Harbor Pointe by Lot
LOT #
ACREAGE
PRICE
LOT #
ACREAGE
PRICE
LOT #
ACREAGE
PRICE
1
11.45
11 45
$ 108,900
108 900
15
11.10
11 10
$ 339,900
339 900
29
11.10
11 10
$ 163
163,900
900
2
11.10
$ 185,900
16
11.10
$ 251,900
30
11.10
$ 306,900
3
11.10
$ 317,900
17
10.54
$ 373,900
31
12.83
$ 273,900
4
11 10
11.10
$ 383,900
383 900
18
11 16
11.16
$ 328,900
328 900
32
12 72
12.72
$ 218,900
218 900
5
11.10
$ 295,900
19
11.09
$ 350,900
33
15.85
$ 163,900
6
11.10
$ 317,900
20
11.10
$ 372,900
34
15.07
$ 141,900
7
11 05
11.05
$ 273,900
273 900
21
11 10
11.10
$ 405,900
405 900
35
11 10
11.10
$ 152,900
152 900
8
11.10
$ 284,900
22
11.10
$ 383,900
36
11.10
$ 196,900
9
11.10
$ 361,900
23
11.13
$ 383,900
37
11.10
$ 141,900
10
11 10
11.10
$ 362,900
362 900
24
11 08
11.08
$ 383,900
383 900
38
11 10
11.10
$ 169
169,400
400
25
11.10
$ 273,900
39
11.10
$ 158,400
11
UNAVAILABLE
12
11.10
$ 372,900
26
11.03
$ 217,900
40
11.10
$ 108,900
13
11.10
$ 383,900
27
11.61
$ 317,900
41
13.93
$ 108,900
14
11.10
$ 317,900
28
11.10
$ 207,900
24
Harbor Pointe Subdivision Location
Harbor Pointe subdivision is a peninsula on the Inner Banks at the
convergence of the Pamlico River, Pungo River and Pamlico Sound, located
in Beaufort County, NC. The subdivision is approximately 5 miles from the
town of Aurora for gasoline
gasoline, grocery and hardware products
products. By land
land, Harbor
Pointe is approximately 22 miles from the town of Oriental, 60 miles to the
Eastern NC medical hub of Greenville and Pitt Memorial, 35 miles to
medical and town facilities of New Bern, approximately 2 hours to Rt 95
either
h North
N h or South,
S h or alternatively
l
l another
h 30 minutes to the
h triangle
l off
Raleigh, Durham, and Chapel Hill and the Raleigh Durham International
Airport. Delta and U.S. Air fly out of the New Bern and Greenville airports.
By water Ocracoke and the inlet for the Atlantic Ocean, across the Pamlico
Sound is approximately 40 miles, to Oriental 45 miles. The Inland Coastal
Waterway is minutes away from the property.
25
Vandemere Waterfront
We have an eight acre tract of land located just off the Pamlico
Sound. This gorgeous tract has been subdivided into four 2 acre
lots on deep water (5-6 feet).
feet) This tract is available for $430
$430,000
000
and can be divided as the investors/owners desire. One of the
lots already has a substantial house pad facing the water and
septic
i iinstalled,
ll d a $30,000
$30 000 investment.
i
Fort Vandemere, the subdivision directly across from this tract is
currently being sold @ $230
$230-250,000
250,000 for a ¾ of an acre parcel.
26
27
View from Vandemere Property
28
Another view from Vandemere Property
29
A h view
Another
i from
f
V d
Vandemere
P
Property
30
Vandemere Waterfront Location
The Vandemere Waterfront Tract is located in Pamlico County,
North Carolina. By land, this tract is 20 miles from Oriental,
from New Bern 30 miles, 60 miles from Greenville and
approximately
pp
y 2 hours to Rt 95 North or South or alternativelyy
to Rt 264 W to The Raleigh, Durham, Chapel Hill Triangle and
The Raleigh Durham International Airport. As with the Harbor
Pointe p
property,
p y, this tract is approximately
pp
y the same distance to
either the Greenville or New Bern airports. Grocery, gasoline,
and hardware products are available in the town of Vandemere.
pp g is available in Washington,
g , New Bern,, and
Full shopping
Greenville. The by-water distances mentioned for Harbor Pointe
are approximately the same for this tract.
31
Warsaw Pointe
This gorgeous 1000 acre tract of land is on the Rappahannock
River in Virginia and has been given to Inner Banks Elite
Properties on an exclusive basis to sell.
sell
Neither price, nor possible subdivide options, have been
determined at this time as we have just obtained this special
tract of land. Access to Richmond, Charlottesville and all of the
historic points in between are part of what this land is all about.
32
1000 Acre Warsaw Tract – Rappahannock River, VA
33
Grantsboro Commercial Property
Inner
Banks
I
B k Elite
Eli Properties
P
i has
h a special
i l seller’s
ll ’ situation
i
i for
f a
prime commercial real estate site in Grantsboro, North Carolina.
This is a 65 acre tract for $30,000 an acre. Adjacent commercial
property is selling for $180,000 an acre. This site is prime for a
medical facility/critical care facility, and zoned as well for
restaurant(s), stores, and /or doctor’s
doctor s offices.
34
Grantsboro Commercial – 65 Acre Tract
35
Grantsboro Commercial – 65 Acre Tract
36
Grantsboro Commercial – 65 Acre Tract (across street)
37
230 Acre NC 55 Tract – Waterfront Commercial
230 Acre
lane
highway,
some nine
A tract
t t located
l t d on NC 55,
55 a four
f
l
high
i
miles from the town of New Bern, North Carolina.
This p
property
p y is cleared and has a turn lane off of Rt 55 and
initial paved entrance, a real value for the investor. The current
owners have agreed to subdivide the tract into 20 acres of road
frontage for a retail site and 210 acres behind the first 20 acres for
a more serene setting located on waterfront. The 210 acre tract is
a perfect setting for a senior center.
38
230 Acres on NC 55 near New Bern, NC
39
230 Acres on NC 55 near New Bern, NC
40
230 Acres on NC 55 near New Bern, NC
41
Other Current Property Representations
y 112 Slip
Sli Marina for Sale
M i f S l in Oriental, NC. i O i
l NC 1,600 linear feet or 30 slips will go with the sale, approximately 4.85 acres with approximately 3 waterfront acres to be developed as purchaser wishes, 3,200 square foot Office complex, shop area 2,400 square feet, a fuel dock, f Offi l h f
f l d k and 1,200 additional linear feet of inside dockage for long term storage and brokerage. Additionally, currently CAMA has approved the construction of two 60 foot docks permit is in hand The asking price is $3.7 million, two 60 foot docks, permit is in hand. The asking price is $3 7 million however will be subject to a surveyor's /appraiser's report of the value of the property.
42
k Elite
l Properties differentiates
d ff
lf
Inner Banks
itself
with many of our Clients in an important way…
A Property Search Company
y As indicated we will always have special inventory properties available to our clients,
but another part of our work comes with clients and/or investors who have asked us
to search for a property for them which will fulfill their needs.
y At present, in 2010 we have three ongoing searches in progress
(1) A land setting which, with our engineering and surveying partners will be built
out as an upscale Recreational Vehicle Park including state-of-the-art facilities and
recreational opportunities. The site has been located and we are in the design
stages.
(2) A senior living facility which will have water frontage and span 230 -250
250 acres.
acres
Once again the tract has been discovered at optimum pricing and our group will
help the investor group with the respective build-out.
((3)) The Pamlico Chamber of Commerce has indicated to us a tremendous need.
43
Why is Inner Banks Elite Properties Different ?
1.
1 We continually educate:
• Funding Opportunities to purchase land
2. We are a solutions company:
• Asset Growth
• Proper Asset Allocation
• Family Wealth and Asset Preservation
44
h differentiating
d ff
k
Three
services d
done b
by Inner Banks
Elite Properties for its Clients:
y We are equipped to interface with selected, qualified trustees
and do all related paperwork necessary to transfer IRA, Roth,
and 401K assets and place a purchased “Hard”
Hard asset into any
one of those accounts at our Client’s direction.
y Our team has the engineering and surveying capabilities to
work with our Client’s needs for subdivision development.
y We obtain hard-to-find waterfront and commercial properties
which are not openly listed to retail brokerage.
brokerage
45
k Elite
l Properties, LLC
Inner Banks
Mission Statement:
Whether it be an investment in residential land tracts,
commercial real estate, a single investment in a family’s future,
or simply
l the
h desire
d
to fulfill
l ll the
h dream
d
of owning deep
d
water//
waterfront property, Inner Banks Elite Properties’ sole ongoing
responsibility
p
y is to our clients’ financial well being.
g
46
Inner Banks Elite Properties, LLC
We,
LLC, are a different type of Real
We at Inner Banks Elite Properties,
Properties LLC
Estate Brokerage Firm. The inventory we provide and/or the search
we will affect on behalf of our Clients has one determining factor in
mind…
OUR CLIENT
Contact Info:
Inner Banks Elite Properties, LLC
E. Geary Crist, Owner/Broker in Charge
20014 North
N hC
Carolina
li Hwy
H 55
Merritt, North Carolina 28556
Mobile: 252.202.6118
Email: [email protected]
47