149+ Acres of Development Land Sold - August 2008

Roanoke County, Virginia

Mason’s Crest is ideally located in one of Southwest Roanoke County’s most desirable areas, just off of Merriman Road and only minutes from Tanglewood Mall. The rolling landscape offers gorgeous long range mountain views and a tranquil setting. Numerous building lots are offered, all with public water, sewer and underground utilities.

The village cluster home lots are for detached, single family living and a maintenance free life style. In addition there are larger single family home manor lots which are maintained by the owner. Most lots are graded and ready to build. Mason’s Crest is served by excellent Southwest County Schools; Penn Forest Elementary, Cave Spring Middle and Cave Spring High School.

The development land consists of 149+ acres which is in addition to the lots being offered. It has been conceptually planned for approximately 235 additional building lots. The land offers gently rolling hills and open meadows with outstanding views, abundant wildlife and adjoins the Blue Ridge Parkway.

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PINE ISLAND SELLS AT AUCTION FOR $3.4 MILLION

Located on the North shore of Lake Pontchartrain, Pine Island consists of approximately 2500 acres of pristine wetlands and timberland and approximately 275 acres of mixed timberland with development potential. This property that has been in the same family for three generations was sold at public auction on October 19th after a three month marketing campaign. Eight registered bidders competed for the chance to own this incredible property with Llog Exploration of Metairie, LA winning the final bid. Named for its “islands of pine trees” located throughout the wetlands, Pine Island is known for its natural beauty, resources & wildlife. This property is unique because of its established roads for easy access throughout the wetlands acreage and around the perimeter of the 218 acre lake. In the 1970’s, building roads through wetlands was outlawed by Federal Law, so properties like Pine Island are very rare. With close proximity to the New Orleans airport, and located just off LA Hwy. 22 and only minutes to IH-12 this property is very accessible. Highlights Include:

▪ 2500+ Acres of Wetlands & timberland with established all-weather roads throughout for vehicle access (property like this is very rare)
▪ Approximately 275+ acres of mixed timberland with development potential
▪ No Conservation Easements have been placed on this property which provides potential tax benefits. ▪ Incredible hunting & fishing
▪ Lake Theodora is located on the property with 218 +/- Acres for great fishing & waterfowl and is home to the 2nd Largest Rookery in Louisiana. National Geographic has conducted several photo shoots at this lake!
▪ Less than 1 hour drive to the New Orleans Airport
▪ Development potential
▪ The Ultimate Sportsman’s paradise.

The new owner plans to use Pine Island for recreational purposes and preserve its natural beauty for future generations.

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RED SKY RANCH SELLS FOR MORE THAN $3 MILLION

Lago Vista, Texas. - July 26, 2008 - J. P. King Auction Company, the nation's leading auction marketing firm specializing in high-end properties sold the exclusive Texas Red Sky Ranch for more than $3 million on July 25th.

"The new owner of the ranch toured the property during the preview period and was so impressed that he decided to pre-empt the bidding by making an acceptable offer a day prior to the scheduled auction,” said Craig King, president & CEO of J. P. King Auction Company.

The new owner of Red Sky Ranch resides in Dallas, Texas.

Red Sky Ranch is situated on 96+/- acres and consisted of 4 tracts, with areas available for numerous home site possibilities on upstream and downstream frontage.

A 2-story, 5 bedroom and 3.5 bath home stucco home with breathtaking views of Lake Travis and Hill Country is located on the property.

Red Sky Ranch is centrally located along the high growth corridor between Lago Vista and Marble Falls. The ranch is a short drive from the city of Austin. The property features hundreds of mature oaks and sycamore trees throughout. The ranch has been improved by the removal of water-hogging cedars on the lower elevation.

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