The Emerald Bay “Opportunity Investment Drawing” held Sunday, October 17, 2010 at The Waterfront Country Club yielded six properties that are now under contact. Properties under contract include three lots, two village homes and a 5.053 acre tract with the old farm house all of which resulted in over $1.5 million in real estate sales.
“While we recognized we were not in the prime SML selling season as we were for Bridgewater Pointe, the decision to utilize the “Opportunity Investment Drawing” format proved to be a great jump start to selling the Emerald Bay project. We are excited to witness the transformation of Emerald Bay as it evolved into an inviting and beautiful setting which people can now begin calling home,” said Ron Willard, President of The Willard Companies.
The sellers proved their commitment to the project by investing over $1.2 million to finish out the development while The Willard Companies and Prudential Waterfront Properties is committed to representing the community and will continue marketing Emerald Bay. “Opportunity Investment” pricing will be honored on any contracts closed by year end with prices increasing effective January 2011.
According to Christopher Finley, Director of Marketing for The Willard Companies, “Our partnership with the Emerald Bay sellers allowed our company yet another great opportunity to promote lake-front real estate throughout the East coast to prospective families for their retirement, as a second home, or as a primary residence at beautiful Smith Mountain Lake.”
For more information about Emerald Bay, contact Prudential Waterfront Properties at (800) 858-4653 or visit www.smithmtnlake.com.