Similar to Jasper Highlands, Thunder Enterprises will have to build a road up to the top of Aetna Mountain. Our community's wide-open spaces, scenic views and amenities align with what's important to them." "Since the onset of the pandemic, we saw a dramatic increase in sales because people are looking for a different type of lifestyle. "We've continued to see record-breaking sales in 2021 as we did last year," Bradshaw said. Ultimately, the development is expected to top $750 million in investment, with most homes ranging from $400,000 to $2 million in value. After a slow start, Jasper Highlands has nearly sold out in recent years, with nearly $180 million of property sales on Jasper Mountain on the Cumberland Plateau just above Kimball.Ībout 200 of the 1,300 lots are now occupied with residents in homes, and more than 100 other houses in Jasper Highlands are under construction.
The developers had to build a road up the mountain, along with building their own utilities, from water to high-speed internet service. Thunder Enterprises bought Jasper Mountain in January 2008, shortly before the Great Recession slowed the housing market. The success of Jasper Highlands gives the developers, as well as the homebuilders who will build homes on the sites, more confidence for the future. "That's why I think Jasper Highlands was so successful, and we hope Aetna Mountain will be as well." "I think the draw of our county is the beauty of this area with the river and our mountains, combined with a very low property tax rate and cost of living," said Marion County Mayor David Jackson.
But both of the mountaintop developments, along with the new Cameron Harbor project taking shape on the former Rarity Club on Nickajack Lake, is drawing local workers and relocating seniors. The new development is just west of the 2,600-acre Black Creek Mountain development atop the Raccoon Mountain ridge west of downtown Chattanooga.īlack Creek is a more conventional, denser development with city sewers. The first lots in the Aetna Mountain development are expected to be ready for sale sometime next year and the entire project is likely to take seven to 10 years to sell out, Thornton said. The area is also about 10 minutes closer to Chattanooga, while still being in nature and near the Tennessee River. "Most of these sites will be 1 to 1.5 acres in size, with plenty of open areas to provide the privacy most people always wanted but still with a sense of community," said Dane Bradshaw, president of Jasper Highlands. Just off of the Interstate 24 Haletown exit, Exit 161, Thornton said the features of the property resemble what has drawn buyers from 47 states and a half dozen countries to Jasper Highlands: seclusion without isolation. "Try to find 7,500 acres within 20 minutes of a metropolitan city anywhere, but to find this scenic site next to such a great city like Chattanooga is about impossible," he said. Thornton said he has been talking for the past three years with the previous owners of most of the property as he prepares to launch the ambitious venture on what Thornton called one of the most unique sites in the nation. "Buyers are eager to find a dream home in scenic Tennessee, and we're able to offer them a great extension of the community we've created at Jasper Highlands." "The property is an incredible piece of Tennessee land with the river encompassing it and multiple bluffs, creating sweeping views of the valley below," said Thornton, CEO of Thunder Enterprises.
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Luxury Vinyl Plank Flooring throughout - Beautiful Kitchen and Baths with quartz counter-tops! Incredible Laundry room with tons of storage! So many extras for this quality built home - whole house water filtration system - continuous tankless water heater - spray foam insulation including the crawl space with a dehumidifier - universal transfer switch for a generator in the garage -500 gallon propane tank and a 12 x 20 storage building.Just above the former Hale's Bar Dam in Guild, Tennessee, Thunder Enterprises acquired 6,259 acres of a former coal mine and timber property in September and will soon close on the purchase of another roughly 1,100 acres from the Tennessee Wildlife Resources Agency. Enjoy the morning sunrises and the view of the river as you sip your coffee from the front porch of this beautiful three year old home with a cul de sac location in the Beautiful Jasper Highlands! Absolutely gorgeous landscaping with a fenced back yard and 21 Big Boy Evergreens for privacy! High Quality Cement Board Siding with stacked stone and stamped concrete walkways and screened porch that's just off of the great room with a massive stone fireplace.
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