Pointe 16/Jones Ridge Property located on county-maintained road. . . .Jones Ridge Road. 12 acres of continuous situated property (all land/property is adjacent and side by side with no land/property separation). Entire property is lake front on Norris Lake at Point 16 on the Powell River side of Norris Lake. There is over 320 feet of lake frontage. All lake frontage is deep water year-round. PRICE CAN BE OFFSET BY 8% - 10% BASED ON VALUE OF TIMBER CUT (SELECT CUT)! We purchased the property 11 years ago with intentions of developing it for ourselves. We also own a home on Norris Pointe and land in the Buckeye Landing section of Deerfield. We’ve decided that we are going to further develop the Norris Pointe property and are selling Point 16/Jones Ridge and the Buckeye Landing properties. There is a boat ramp. We considered and are still considering logging the Jones Ridge property. We’ve had three (3) different logging companies and one logging consultant evaluate the property. The timber was valued at $35,000 (amount for us) 8 years ago. We estimate that the timber has increased in market value to around $20,000 today. The true attraction to this property is simply it’s location away from the ever-increasing traffic on Norris Lake. While more secluded, this property is still only 5 minutes from Union County Boat Dock, 15 minutes from Blue Springs Marina and 20 minutes from Flat Hollow Marina by water. A new modern campsite was opened at Point 17 (about 20 minutes further up from this property) that has quickly become a desired attraction for “modern” campers. I say “modern”, because this campsite only allows campers and fifth wheels of larger sizes, the campsite has a clubhouse, tennis courts, swimming pools and full internet connections. This attraction will definitely benefit property values between the Flat Hollow are and Point 17. We will also consider owner financing.
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