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Reservation Agreement
Emerald
Creek is A Luxury Condominium Resort in the Heart of
all the Attractions of Pigeon Forge, Gatlinburg and The
Greater Smoky Mountains
Emerald Creek once completed will consist of over 200
condominium units. The buildings will be 4 stories high
with underground parking. Two, Three and four bedroom
floor plans ranging in 1250-2100sq ft. The units may
be purchased either furnished or unfurnished
During the preconstruction phase discounts will be
given by the developer
You do not want miss out on this extraordinary ground-floor
opportunity to be among the first to take advantage of up
to $30,000 in preconstruction discounts
Phase 1 will consist of only 64
units
A
series of price increases are expected in each phase
released.
Emerald Creek Resort offers such an array of amenities
Large Adult Pool with stone waterfall & tunnel,
200 ft lazy river,
Kids Water park,
Large hot tub,
Game Roo m,
Fitness center with Steam saunas,
Meeting / presentation room,
Catering Kitchen,
Spacious patios for sunning and lounging,
Small lakes with water fountains,
Grilling and picnic areas,
All beautifully landscaped
Condo Specifications
Ceramic tile floors
Hardwood floors
Custom Cabinets & eating bar
Solid surface counter tops
Whirlpool in Master Bedroom Baths, 2 in Penthouse Suites
Electric Fireplaces
Washer & Dryer
Range
Microwave
Dishwasher
Refrigerators w/ ice makers
Ceiling fans Living room and bedrooms and balconies
Large Balcony
Tile & glassed in master bedroom showers
This is expected to be a fast
moving sale and a relatively fast moving project.
In
this project buyer-investors have the right to sell the unit
to a subsequent buyer prior to closing with the developer by
the means of assignment method.
It
is not possible to determine the acceleration of the Real
Estate appreciation. However, we can tell you that
our preconstruction prices are being offered well below
other condo projects in the area that have recently sold
out or are selling now.
How to Purchase
Who is buying -
Second Home Sales Hit
Another Record in 2005; Market Share Rises
WASHINGTON (April
5, 2006) – Vacation- and investment-home sales both set
records in 2005, with the combined total of second home
sales accounting for four out of 10 residential
transactions, according to the National Association of
Realtors®.
The annual report
shows that 27.7 percent of all homes purchased in 2005 were
for investment and another 12.2 percent were vacation homes.
All together, there were 3.34 million second-home
sales in 2005, up 16.0 percent from an upwardly revised
total of 2.88 million in 2004. The market share of
second homes rose from 36.0 percent of transactions in 2004
to 39.9 percent in 2005.
Vacation-home
sales increased 16.9 percent last year to a record 1.02
million from a downwardly revised 872,000 in 2004, while
investment-home sales rose 15.7 percent to a record 2.32
million in 2005 from an upwardly revised 2.00 million in
2004.*
The baby boom
generation is driving second home sales – they’re at the
optimum point in life when people become interested in
second homes, they’re at the peak of their earnings,
interest rates remain historically low and boomers want to
diversify investments
There are significant
motivational differences between vacation-home buyers and
investment buyers. “Vacation-home buyers are making
lifestyle choices and purchasing primarily for their own
enjoyment
Investment-home buyers
are seeking rental income and portfolio diversification,
although vacation-home buyers also mentioned
diversification.”
Most investment
home buyers are in the South – 38 percent of the total.
Buyers in the Midwest and Western regions each purchased 24
percent of investment property, and the Northeast, 15
percent.
One-third of
vacation-home buyers and 36 percent of investment-home
buyers said it was very likely that they would purchase
another home, in addition to properties currently owned,
within the next two years.
It is difficult to
project where the market will go in 2006. “Vacation-home
sales will likely remain strong for the foreseeable future
given the fact that baby boomers are favorably positioned in
terms of affordability, as well as being at the stage in
life when people are most interested in making that kind of
a lifestyle purchase
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Emerald Creek Resort
HOA’s Fees
2 BR 1050 sq ft
Crown Royal Suite $295.00
3 BR 1450 sq ft
Blue Diamond/Sapphire Suite $395.00
4 BR 1975 sq ft
Emerald and Marquee Suite $495.00
4 BR 2100sq ft
Crown Jewel Suite $495.00
Monthly fees
cover the following :
Phone with
Unlimited Long Distance Package
High speed
internet
Basic Cable
Water and Sewer
Gas
Trash Removal
Pest Control
Ground and Pool Maintenance
Building and Common Area
Insurance
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