Under current tax law, real estate investors have broad flexibility in choosing properties and structuring 1031 exchanges. Typically, they can exchange a rental house for farmland, an apartment building for a commercial shopping strip. They can even exchange office buildings for mineral rights.
Given the tight statutory timetables to choose qualified properties for exchanges, that flexibility can be crucial. Other types of investment assets, by contrast, get much stricter treatment under the tax code — and that difference in treatment opens the door to periodic attempts by green-eyeshade tax reformers on Capitol Hill to raise federal revenues by cutting down the number of eligible real estate exchanges. (more…)
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Vacation property, an investment for retirement or a permanent residence, this Lake James waterfront home may be your dream property.
The beautiful water front home is located in a private community with spectacular views of the Blue Ridge Mountains. It has a double deck boat dock, an enclosed boat garage and a private ramp to launch your own watercraft. The home was built originally in 1972 and totally renovated in 2002. A four car detached garage was built in 2002.
There is a total of 264 ft. of water front. Beautiful three tier sea walls accent this elegant home. Hard wood and tile floors, modern appliances and vaulted ceilings are only a few of the amenities that capture you with this home.
Private dock permit.
List Price: $1,800,000
Flexibility: Willing to finance
Acreage: .75 acres
Type: Waterfront
Floors: 2
Bedrooms: 4
Bathrooms: 4
Sq. Footage: 3700
Garage Size: 4.0
Year Built: 1972, totally renovated in 2002
School District: Nebo
Suitable Use: Residential
Topography: Rolling
Road Frontage: Private Road
Location: Lake James, Burke County, NC
Amenities: Waterfront, Fireplace, Central AC, Alarm, Wood Floors, Gas Range, Patio, Wheelchair Accessible, Nature/Bike Paths, Boating, Controlled Access, Spa/Jacuzzi
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search for : Lake James waterfront home, Blue Ridge Mountains, Lake James, Burke County, NC
