Listing Saved
Email Sent

New Lake Recreational Investment

Gall Road : Belhaven, NC 27810

Hyde County, North Carolina

14,594 Acres
$28,458,261
$1,950 / ac
Create a FREE Buyer Profile or sign in to save this land. DISMISS

Land Description

PRICE REDUCED. This beautiful property is located in Hyde County just minutes from US Highway 264 near Belhaven, NC. This is a rare opportunity to purchase 14,500+ acres that adjoins the Pocosin Lakes National Wildlife Refuge. The property has beautiful views, income potential, and is rich in natural resources. A geologist has expressed belief that there is a large deposit of natural gas or oil under the rock substrate. New drilling technology makes it feasible to drill through the rock to extract the deposits. Seller has not signed the agreement offered allowing further testing, so this mineral deposit runs with the property. To add additional value, a Carbon Credit Bank has estimated that there are 5-7 million dollars' worth of Carbon Credits available now based on the above ground biomass, and that number would climb as the timber grows. There are no conservation easements, wetland mitigation/preservation, or other restrictive covenants on property. Approximately 4,000 acres have had wetland delineation, and 176 acres of New Lake bottom has been deeded. Some of the acreage is being used for row crops, but most of the land is pond pine. The southern 7,000 acres of the property are suitable for conversion to very high yield row crop land, while the northern 7,600 acres are suitable for conversion to very high yield blueberry farming. The property is easily accessible and is the highest property in Hyde County with elevations from 12-18' above sea level. There are 52 miles of 80-100' wide roads and a grass runway. Several miles of the road system are more than suitable for takeoff/landing small aircraft. To add value, there is incredible potential for a ldquo;for profit rdquo; bear, deer, turkey, and waterfowl hunting operation, as this area is known as one of the few ldquo;bear hunting/waterfowl capitols rdquo; worldwide. The property probably has the highest number of bears per acre of any property in the continental U.S. The Department of Natural Resources told the owner he could harvest 20-25 bears/year without diminishing herd. He has allowed only five per year to be harvested in the last 20-years. Don't miss your opportunity to own this unique tract. Call to schedule your private tour today.

Directions

From Belhaven follow US-264 E for approximately eight miles. Turn left onto State Road 1302 then take a left onto New Lake Road. Turn left onto Gall Road. Property will be on your left.

Files & Attachments

More Land Details

Owner Will Subdivide
No
Owner Will Finance
No
Owner Will Lease
No
Covenants / Restrictions
No
Residence / Home
No
Commercial Building
No
Zoning
Mixed Use
Terrain
Various
Access
Other
Electricity Service
No
Telephone Service
No
Water Service
No
Sewer Service
No
Natural Gas Service
No
Cable TV Service
No
Cell Service
No
Internet Service
No
Well
No
Septic
No
MLS / Other ID
777575
Parcel / Tax ID
G4 2
Posted on LANDFLIP
334 Days Ago
Last Updated
76 Days Ago
LANDFLIP ID
109171
Land features, descriptions, details, sales history, photos, maps, boundaries and files are deemed reliable and provided "as is" without guarantee, warranty, representation, expressed or implied by LANDFLIP or its advertisers, and is subject to errors, omissions, sale or withdrawal. Contact the advertiser directly regarding this listing.