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Laurelmor Has New Name, New Pricing PDF Print
Written by Steve Frank   
Tuesday, 29 September 2009 02:04
laurelmor.gifDeep Gap--The new owners of the now former Laurelmor resort have announced a new name for the resort and new pricing for the remaining lots. 

Reynolds Signature Communities bought the 6000-acre resort in a default sale last December, and is now marketing the site as Reynolds Blue Ridge, according to Toby Tobin, Florida real estate expert on his website.  Tobin obtained a September 25th letter from Reynolds president Terry Russell to the 179 property owners at the former Ginn site, reassuring them of plans to go foward with a somewhat scaled-down resort, with lot prices ranging from $139,900 to $569,900, well under the initial average purchase of $625,000.  The letter, posted on Tobin's site, reports that homes on the 240 available lots in phase 1 will probably be likewise scaled back due to the current real estate economy.  


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