IJB Portfolio of Fine Properties 2022 Vol. 1 by Ivester Jackson

PORTFOLIO OF FINE PROPERTIES WESTERN NORTH CAROLINA IVESTER JACKSON | BLACKSTREAM | CHRISTIE'S 2022 VOLUME 1

SURGING HOME PRICES AND SCARCE INVENTORY PROPEL REAL ESTATE MARKET ACROSS WESTERN NORTH CAROLINA Western North Carolina continues to see steady growth in both the

Cash still continues to be king across the region when it comes to

luxury market ($1,000,000+) and the mid-market ($500-$999K)

luxury real estate. In the first quarter of 2022, well over half of

segments throughout the first quarter and moving into the second

all transactions in excess of $1,000,000 were done with cash in

quarter. Strong demand from out of state buyers coming from markets

Buncombe County. Interest rates, while still being near all time

such as Texas, Florida, New York, and California have propelled

lows, have risen over 1.75% since the beginning of the year and are

the market forward even with low inventory numbers. Bidding

currently at 5.49% for a 30 year fixed rate. The luxury market tends

wars, appraisal addendums, and waived contingencies have become

to lean more towards cash transactions historically, with the mid-

commonplace for buyers as inventory is at an all time low and demand

market being much more dependent on traditional financing such as

continues to rise.

a conventional 30 year mortgage.

With the above mentioned market conditions, we are starting to see

While both closed sales and pending sales are up in most of the areas

exponential sell-through in the “Emerging Markets” across Western

in and around Western North Carolina, it will be interesting to keep

North Carolina. Small towns and communities such as Columbus and

an eye on housing supply, interest rates, and home values over the

Mill Springs (Polk County) have seen growth not seen in generations

upcoming weeks and months. These factors, combined with unsettled

mostly attributed to tight inventory in large markets such as Asheville,

financial markets, could set the table for a slowdown in the housing

Greenville, and Charlotte. In fact, Mill Springs has seen 3 transactions

industry, specifically in the mid-market segment. The luxury segment

over $2,000,000 in the previous 12 months, which would have been

is known to experience many cash transactions and thus is somewhat

unheard of in previous years. This fact points to many luxury buyers

insulated from large fluctuations in mortgage rates. However, the

looking to smaller markets with less competition in which to purchase

luxury market does remain heavily tied to the financial markets which

homes. Many of these communities offer an elevated quality of life,

have been sporadic over the last few months. Keep an eye on the

close proximity to regional and international airports, and world class

emerging markets to make waves in the 3rd and 4th quarters of 2022

dining and entertainment.

as low inventory and supply issues persist in the larger metropolitan areas.

Regards,

Jonathan Hunter Broker-in-Charge 828-606-4160

Reed Jackson Managing Partner 704-713-3623

ON THE COVER 6521 Lake James Road | $1.38 M Rachel Alosky Stark | 828-329-3552

REACH THE WORLD'S LEADING COLLECTORS OF FINE ART & EXCLUSIVE PROPERTIES

WISH TO HAVE YOUR HOME FEATURED IN THIS EXCLUSIVE PORTFOLIO? Contact One of Our Expert Brokers at: 828-367-9001 www.IJBProperties.com

PORTFOLIO OF FINE PROPERTIES WESTERN NORTH CAROLINA IVESTER JACKSON | BLACKSTREAM | CHRISTIE'S 2021 VOLUME 2

IJBProperties.com

MARION

UNDER CONTRACT

LAKE JAMES LUXURY ESTATE 6521 Lake James Road | $1.38 M | MLS 3839021 Rachel Alosky Stark | 828-329-3552

Welcome to your own privately gated estate overlooking the pristine waters of Lake James. The chef 's kitchen offers quartz countertops, 36-in Thor gas oven/range, and an oversized island perfect for entertaining. Cookout or relax on the screenedin back porch while taking in mountain views of Dobson's Knob and your large, level yard. The primary suite provides unobstructed lake views.

SOLD

ASHEVILLE

The ARRAS Residences, the definition of upscale living in the heart of Downtown Asheville. One of only three, 2BR/2.5BA, units on the coveted NE corner of this recently completed project that transformed the Asheville skyline. IJBProperties.com

SOLD

ASHEVILLE

LUXE LIVING IN BILTMORE FOREST 4 Stuyvesant Crescent | $1,175 M | MLS 3807869 Jonathan Hunter | 828-606-4160 Stacey Klimchuk | 828-777-3152

This well appointed home welcomes you with warmth & comfort. The upstairs boasts 4 bedrooms and 2 baths. Endless possibilities for the family room in the lower level. The screened porch serves as a sanctuary, while the expansive deck enhances your enjoyment of the tree filled vistas on your property. Come live the Biltmore Forest lifestyle right here.

SOLD

FAIRVIEW

Designer custom finishes accentuate the exquisite definition in the details. Open floor-plan, cathedral ceilings, stone surround wood-burning/gas fireplace, gourmet kitchen, elegant main level master suite. Ivester Jackson Blackstream represented both sides of this transaction. IJBProperties.com

SOLD

ASHEVILLE

UNRIVALED TOWN MOUNTAIN SUNRISES 84 Town Mountain Road | $724,900 | MLS 3811716 Jonathan Hunter | 828-606-4160

Unrivaled Majestic Sunrises and Sunsets. Spectacular Views. Expansive & Abundant Windows to enhance the enjoyment of those Blue Ridge Mountains. A Breath of Fresh Air. How we spend our days is, of course, how we spend our lives. Choose to spend them living here on coveted Town Mountain Road.

SOLD

ASHEVILLE

STUNNING VIEWS - BEAUTIFUL CRAFTSMANSHIP

9 Winding Poplar Road | $1.25 M |MLS 3830392 Janet Blake | 828-450-5359

As you enter this gorgeous Arts & Crafts home you will be amazed at the stunning year-round mountain views! Craftsman and artistic details are throughout including several built-in features.

FLETCHER

COUCH MOUNTAIN OVERSIZED PRIVATE LOT Mountain Grove Lane Lot #81 | $499,000 | MLS 3822773 Rachel Alosky Stark | 828-329-3552

Sprawling 3.84-acre lot in desirable Couch Mountain. Lot 81 is one of the largest lots in the neighborhood and offers long-range mountain views and stunning sunsets from the top. IJBProperties.com

ASHEVILLE

HISTORIC ASHEVILLE VIEWS 181 Ardmion Park #3 | $1.325 M | MLS 3683505 Betsy Gudger | 828-279-5789

Experience Asheville at its best! A short walk to the center of downtown Asheville’s shopping and renowned restaurants, this oneof-a kind property offers a perfect blend of old and new, drama and beauty, nestled into a peaceful setting--all of the advantages of downtown living with a secluded feel.

FORMER GATSBY-ESQUE SPEAKEASY HITS THE MARKET Step back in time and experience Asheville at its best. Built in 1894, the former Sky Club was Asheville's hotspot for dancing, great food, and famous guests. Originally Oliver Cromwell Hamilton's mansion, the Sky Club was bought and run by Gus and Emma Adler in the late 1930s. The Adlers would host dinner parties for celebrities such as Robert Mitchum and Grace Kelly while they visited Asheville to shoot their movies. The Sky Club was even called a "Gatsby-esque speakeasy" at the time. In the 1980s, two local businessmen purchased the building and turned it into five condominiums. They planned for the building to have two apartment flats, a townhouse, and two penthouses.

The Art Deco architecture and design are complemented by endless views of the Blue Ridge Mountains that surround the city and can be seen throughout this exquisite home. The spacious, newly renovated twobedroom condo was intentionally designed to accentuate the 1894 Art Deco building. Throughout the home, you’ll find beautiful hardwood floors and custom built-ins, artwork from local artists and furniture selected to complement the space. Light fixtures have been carefully selected as functional art. The outside is no less impressive. Easy access to a private twocar garage and grounds that include a heated swimming pool, immaculate landscaping, and gated entrance. A place for all. IJBProperties.com

1111

FLETCHER

MOUNTAIN VIEW LOT IN COUCH MOUNTAIN

158 Laurel Ledge Way #28 | $544,920 | MLS 3788731 Rachel Aloksy Stark | 828-329-3552

Large, level 2.5 acre lot with expansive long-range southeast and southwest mountain views and breathtaking sunsets. The homesite is cleared and ready to build on with a 4-bedroom septic permit, space for bees and chickens, and sunny areas for gardening.

MARION

40 UNRESTRICTED ACRES OF LAND Jakes Branch Road | $360,000| MLS 3806399 Rachel Alosky Stark | 828-329-3552

Rudd Orr | 828-329-1519

Situated 35 minutes from Asheville, 15 minutes to downtown Marion, and only 10 minutes from Old Fort. Convenient to I-40 and Lake James with easy access via paved roads. The property is bordered by Jake Creek and features mature trees, abundant wildlife and mountain views from the top.

SYLVA

FULLY FURNISHED ELEGANT MOUNTAIN ESTATE

TURNKEY SOUTHERN LIVING PROPERTY

379 Sweet Fern Way| $4.95 M | MLS 3778183

Laura Browne Livaudais | 828-712-5445

ASHEVILLE

MILLS RIVER

400 Ray Hill Road | $2.995 M | MLS 3786425 Ellen Browne McGuire | 828-551-7027

ASHEVILLE

STUNNING NORTH ASHEVILLE CUSTOM HOME

NORTH ASHEVILLE VIEWS AND NATURAL LIGHT

51 Robinhood Road | $3.675 M | MLS 3746119

92 Robinhood Road | $2.45 M | MLS 3791972

Laura Browne Livaudais | 828-712-5445

Laura Browne Livaudais | 828-712-5445 IJBProperties.com

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SOLD

ASHEVILLE

SOLD

FLETCHER

THE FITZGERALD OF ASHEVILLE

MODERN FLAIR IN KING HEIGHTS

288 Macon Avenue #D307 | $2.5 M | MLS 3794776

21 King View Drive | $1.2 M | MLS 3822877

Stacey Klimchuk | 828-777-3152

Re prese nting Buye r

SOLD

CLYDE

1414

ASHEVILLE

SOLD

PICTURESQUE LOG CABIN

ASHEVILLE MOUNTAIN HOME

3424 Wesley Creek Road | $519,900 | MLS 3828145

101 Crestwood Road | $1.8 M | MLS 3623558

Stacey Klimchuk | 828-777-3152

Laura Browne Livaudais | 828-712-5445

Re pr ese nting Buye r

Betsy Gudger | 828-279-5789

OUR ASHEVILLE SIGNIFICANT SALES

T H E C L I F F S AT WA L N U T C O V E

NORTH ASHEVILLE

POPLAR RIDGE

2 2 R o c k V i s t a Wa y

27 Beaverbrook Court

16 Windcliff Drive

Stacey Klimchuk | 828-777-3152

L a u ra B row n e L i va u d a i s | 8 2 8 -7 1 2 - 5 4 4 5

M i r i a m M c K i n n ey | 8 2 8 -7 7 7-7924

Representing Buyer

SOLD | $2.5 M

SOLD | $1.995 M

S U N S E T M O U N TA I N

F L E TC H E R

SOLD | $3.5 M

NORTH ASHEVILLE 105 Robinhood Road

101 Crestwood Road

38 Bradford Vista

L a u ra B row n e L i va u d a i s | 8 2 8 -7 1 2 - 5 4 4 5

Betsy Gudger | 828-279-5789

M i r i a m M c K i n n ey | 8 2 8 -7 7 7-7924

L a u ra B row n e L i va u d a i s | 8 2 8 -7 1 2 - 5 4 4 5

Britt Allen | 828-450-8266

SOLD | $1.8 M

SOLD | $1.75 M

G R O V E PA R K

F L E TC H E R

SOLD | $1.9 M

SOUTH ASHEVILLE 595 Merrills Cove Road

54 Macon Avenue

21 King View Drive

Kim Gentry Justus | 828-301-3330

Laura Browne Livaudais | 828-712-5445

S t a cey K l i m c h u k | 8 2 8 -7 7 7-3 1 52

SOLD | $1.325 M

Representing Buyer

SOLD | $1.425 M

SOLD | $1.2 M IJBProperties.com

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Reach the World's Most Affluent Collectors of Art and Fine Properties  50 Auction houses, 1,350 Real Estate offices  200,000 monthly digital newsletter subscribers  Magazine & art catalogs read by 250,000+ quarterly 16

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IJCOASTAL.COM 910.300.5140 Over 75 estate homes listed at over $2 million in value sold over the past year Christie's reaches the world's leading collectors of fine art and exclusive properties with over 900 offices and 400 annual auctions

SOLD

ASHEVILLE

POPLAR RIDGE

UNDER CONTRACT

SHELBY

54 Crestridge Drive | $1.35 M | MLS 3781680

45 ACRE ORGANIC PRODUCE AND LIVESTOCK FARM

Betsy Gudger | 828-279-5789

147 Cabaniss Farm drive | $1.3 M | MLS 3810666 Joy Pharr | 704-418-2963

BARNARDSVILLE

SOLD

ALEXANDER

SOLD

POVERTY BRANCH STREAM MOUNTAIN HOME

HOME ON THE FRENCH BROAD RIVER

425 Poverty Branch Road | $925,000 | MLS 3782734

169 Chandler Road | $599,000 | MLS 3806843

Rudd Orr | 828-329-1519 | Representing Seller Ellen Browne McGuire | 828-551-7027 | Representing Buyer

1818

Kim Gentry Justus | 828-301-3330

400 RAY HILL ROAD

Investment properties available 5.2 ACRES MILLS RIVER

152.39 ACRES BLACK MOUNTAIN

3.38 ACRES ARDEN

2.15 ACRES FLETCHER

400 Ray Hill Road | $3.45 M

99999 Major Mountain Road $1.57 M

44 Rockwood Road | $1.57 M

34 & 22 Redmond Drive $899,000

Casual elegance with Southern Charm! Unique opportunity, the possibilities are endless, family compound, a venue with lodging, corporate retreat, a wellness center-the list goes on and on.

Developer opportunity to own gated Black Mountain platted subdivision with 125 lots. Some of the most unbelievable views that Western North Carolina has to offer with gentle topography ready for building.

Family owned property for over 60 years. Paved road access, south off Airport Road and Underwood Road, Sewer Allocation Letter, 3.38 acres with water extension line, 400 ft road frontage, zoned C-2 (Hotels, Motels and Inns), parcel one address Arden and parcel two address Fletcher.

Rapid growth area just off of Airport Road. 2 adjacent parcels sold together comprised of 2.15 acres.

Ellen Browne McGuire 828-551-7027 Laura Browne Livaudais 821-712-5445

Miriam McKinney 828-777-7924

Betsy Gudger 828-279-5789

Miriam McKinney 828-777-7924 Stacey Klimchuk 828-777-3152

1919

SOLD

FAIRVIEW

SOLD

FAIRVIEW

SOUTHCLIFF

21 Hawks Branch circle | $1.15 M | MLS 3815883

3 Turkey Roost Court | $915,000 | MLS 3767793

Stacey Klimchuk | 828-777-3152

Jonathan Hunter | 828-606-4160 | Representing Seller

Mike Zboyovski II | 828-337-7600

Laura Browne Livaudais | 828-712-5445 | Representing Buyer

Representing Buyer & Seller

SOLD

FAIRVIEW

SOLD

FAIRVIEW

SOUTHCLIFF

16 Peregrines Ridge Court #3 | $159,000 | MLS 3782708

565 Southcliff Parkway Lot #712 | $299,000 | MLS 3352375

Jonathan Hunter | 828-606-4160

Mike Zboyovski II | 828-337-7600

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OUR QUARTER 1 LUXURY MARKET REPORT IS

AVAILABLE NOW

ANDREAS TROSS

828-785-9817 Andreas@IJBProperties.com IJBProperties.com Born and raised in Europe, Andreas spent his early adulthood in South America where he joined the corporate world. He later moved to New York where he worked for IBM, Oracle and several well known Internet ventures while studying Business Economics at night. As a Sales & Marketing Executive, he became a strong believer in client satisfaction and relationship building as the cornerstones of his success and his mantra became “sell low and deliver high”. He brought those convictions with him when he relocated to Asheville, NC in 2016 to be near his children and become a Realtor®. His deep knowledge of sales and marketing, his negotiating skills and his effectiveness in both midand high-end markets made him a perfect real estate partner for Sellers and Buyers alike. He speaks English, Spanish and German and feels equally passionate about working with clients whether they are local, national, or overseas.

JONATHAN HUNTER Broker in Charge 828-606-4160 JHunter@IJBProperties.com IJBProperties.com Jonathan is a true native Ashevillian. His hyperlocal real estate insights may be attributed to his deep roots - countless generations deep - a boon both to you and to your real estate goals. His professional credentials incorporate both an active North Carolina Certified Real Estate Appraiser’s license (a priceless advantage in your favor) along with his NC Realtor’s broker-in-charge license. His top real estate expertise coupled with his appraisal skill mastery have been recognized and applauded not only by the industry but also by his clients - and proven by his record setting multi-millions in closed transactions. Reward yourself today and enjoy the advantage of his approachable style highlighted by his unforgettable concierge level of service.

BETSY GUDGER 828-279-5789 Betsy@IJBProperties.com IJBProperties.com Betsy brings a wealth of knowledge, experience, and community understanding to Ivester Jackson Blackstream, the region’s exclusive affiliate of Christie’s International Real Estate. A native of Asheville, Betsy’s roots run deep through many generations. Her love of Western NC brought her back to Asheville 20 years ago after honing her experience in the corporate world, living and working in cities such as Atlanta, Washington DC, LA, and NYC. When she returned to Asheville, Betsy started her own boutique real estate firm with a focus on introducing new residents to the charm and opportunities of this area. Each person is unique and every situation different, and Betsy recognizes the importance of understanding the cyclical nature of real estate in Western North Carolina and the needs of her clients.

KIM GENTRY JUSTUS Senior Broker

828-301-3330 Kim@IvesterJacksonBlackstream.com IJBProperties.com Kim is the seasoned, competent agent that you are looking for! With roots that go back several generations, she has a perspective that is becoming more and more unique in a local agent. After all, Kim knew Asheville before it grew and developed to the popular destination it is today. She knew the mountain communities surrounding Asheville when they were decidedly more sleepy. This connection to the people of the mountains is a wonderful resource to have, whether you are searching for the perfect home, building site, or negotiating for the best deal. Excellent people skills, as well as her years of real estate experience, will help buyers and sellers get the most money from whatever side she is negotiating on the behalf of. Kim's art & design background provide the vision needed to both see the potential in a property, as well as list homes for sale with expert presentation. Luxury, land, and farms are her specialties, but she works effortlessly at all price points. A wonderful perk for her clients is that Kim does not limit her scope of work or mountain zip code. Kim is qualified to assist in Asheville’s downtown, as well as smaller towns in the mountains of Western North Carolina.

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STACEY KLIMCHUK

RACHEL ALOSKY STARK

Senior Broker

828-329-3552 Rachel@IJBProperties.com IJBProperties.com

828-777-3152 Stacey@IJBProperties.com IvesterJacksonBlackStream.com

Rachel is a multimillion-dollar top producing real estate professional who has called Asheville home for over 20 years. She is known for her high standards of professionalism and dedication to client satisfaction. Originally from New England, she found her way to North Carolina to play college field hockey at Catawba College. After graduating from nursing school at Western Carolina University, she found her way to Asheville and knew she had found her home. Rachel has an extensive market knowledge of the Asheville and Lake James areas, and she spends her free time with her husband Brad and their rescue pup Winston at their home on the lake. Rachel loves running, hiking, mountain biking, paddle boarding and Lagree Pilates and is always up for new adventures. Her experience as a Registered Nurse taught her to always listen and put the needs of others first. Rachel has a compassionate and caring nature and although her first love was healthcare; her true passion is real estate.

Stacey Klimchuk grew up in Asheville and has watched Western North Carolina grow into the thriving and vibrant region it is today. After graduating from Denison University, Stacey lived in Manhattan where she worked in sports marketing and advertising sales. Ultimately, the allure of the Asheville lifestyle drew her home. Stacey has an innate understanding of market conditions and trends in the Asheville area and this expertise, along with her marketing and sales background, equates to great results for her clients. She is a skilled communicator and is committed to exceeding expectations at every stage in process of buying and selling real estate. Stacey is a member of Women for Women, The Junior League of Asheville, is a committee member for Maccabiah USA, and supports BRCA research and Breast Cancer Awareness. Stacey was recognized as an honoree for Asheville's 40 Under 40 and was an Asheville Top 100 Realtor in 2020 and 2021. She and her husband reside in Biltmore Forest with their dog, Bogey. They enjoy golfing, hiking, and exploring Asheville’s incredible restaurant scene.

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