Lot #44, Sheep Meadow, at The Homestead Preserve
Lot #44, Sheep Meadow, at The Homestead Preserve
Listing Price: $395,000
The Homestead Preserve Building Lot # 44
Sheep Meadow Hot Springs, Virginia
PRICE: $395,000
Reduced from: $475,000
Bacova Properties is proud to offer the public a chance to own one the most desirable lots in the incomparable Homestead Preserve. A Homestead Golf and Tennis membership is reserved for the purchaser of this lot.
Contains 1.18 acres with Old Course frontage and views of the Hot Springs Gap and the Homestead Tower. It is the closest available lot to The Homestead Resort in the current Preserve portfolio and within walking distance of the hotel, the driving range and the ski lifts. Lot 44 was one of the most preferred lots of choice in the initial public offering. Three of the four building patterns can be built on this lot which will offer views of the lush, manicured grounds of the Homestead. There will never be any other residences built in front of this location. This is truly one of the most desirable building sites available in the entire Preserve.
A homestead golf and tennis membership is reserved for the purchaser of this lot. The initiation fee currently stands at $40,000. Annual dues for a social membership are approximately $2,400 per year while a full family golf and tennis membership is approximately $3,961 annually. This membership is transferable to subsequent owners of this property or the membership may be bequeathed to heirs. Upon transfer there is also a partial refund (75% of current initiation fee not to exceed 100% of amount originally paid) Paid to the transferring member based on his original initiation fee.
