A boutique luxury residential subdivision delivering 24 architect-designed modular homes on a pristine 9.5-acre parcel in Martinsville, Virginia — a market segment wholly absent from Henry County.
The Martinsville / Henry County market is characterised by older stock transacting at $90,000–$200,000. There is documented demand for luxury new-build product — and virtually no supply. Blue Ridge Crest fills that gap.
Each model serves a different luxury buyer segment while maintaining a mountain-modern aesthetic throughout the community. All delivered via premium modular construction on permanent foundations.
The 9.5-acre parcel yields 24 residential ¼-acre lots after road corridors, the retained homestead (Lot 21), and green buffer zones. A natural stream corridor is accommodated within the protected buffer.
Revenue driven by 24 units across three collections. Infrastructure-first delivery and off-plan pre-sales manage cash flow and reduce development risk.
| Model | Sq Ft | Price | Units | Revenue |
|---|---|---|---|---|
| The Ashby | 2,200 | $420,000 | 7 | $2,940,000 |
| The Ridge | 2,500 | $480,000 | 10 | $4,800,000 |
| The Crest | 2,800 | $560,000 | 7 | $3,920,000 |
| Total | Avg 2,467 | Avg $480K | 24 | $11,660,000 |
| Cost Line | Amount |
|---|---|
| Gross Development Value | $11,660,000 |
| Infrastructure & Roads | ($544,000) |
| Construction — 24 units @ $280K | ($6,720,000) |
| Sales & Marketing (3%) | ($350,000) |
| Professional Fees | ($160,000) |
| Finance Costs | ($320,000) |
| Land Contribution | ($800,000) |
| Contingency (5%) | ($215,000) |
| Net Development Profit | ~$2,551,000 |
Total capital requirement ~$8.17M across four layers. The Simon Family Trust seeds the project. The purpose of this proposal is to identify co-investors and development partners to deliver the full programme.
All comparables are existing resale homes built pre-1990s on standard lots. Blue Ridge Crest delivers new-build, modular-constructed, architect-specified luxury on ¼-acre landscaped lots — a categorically different product commanding a significant premium.
| Address | Sq Ft | Sale Price | Date | $/SF |
|---|---|---|---|---|
| 660 Turner Ashby Rd | 1,662 | $230,000 | Dec 2021 | $138 |
| 720 Turner Ashby Rd | 1,936 | $225,000 | Feb 2024 | $116 |
| 760 Turner Ashby Rd | 2,343 | $289,000 | Aug 2022 | $123 |
| 265 Turner Ashby Rd | 2,879 | $375,000 | May 2023 | $130 |
| 405 Turner Ashby Rd | 2,228 | $279,000 | Feb 2024 | $125 |
| 200 Jeb Stuart Rd | 4,173 | $360,000 | May 2025 | $86 |
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This proposal has been prepared by Blue Ridge Crest Development, LLC for informational purposes only and does not constitute a public offering of securities, an offer to sell, or a solicitation of an offer to buy any interest or security in any jurisdiction. All financial projections, cost estimates, and revenue forecasts are based on publicly available market data, comparable property research, and modular construction industry data as of May 2026. They are estimates only and are subject to change based on market conditions, regulatory approvals, construction costs, and other factors beyond the control of Blue Ridge Crest Development, LLC. The site plan depicted is a conceptual layout prepared for investor illustration purposes only — it is not a certified survey or engineering drawing. Final lot count, boundaries, and road layout are subject to formal survey, civil engineering, and Henry County Planning Department approval. Prospective investors are strongly advised to conduct independent due diligence, seek independent legal advice from a Virginia-licensed attorney, and obtain independent financial and tax advice from a Certified Public Accountant. This document does not constitute financial promotion or investment advice.