24 architect-designed modular luxury homes on ¼-acre lots at 400 Turner Ashby Road. A $11.66M gross development opportunity in the heart of Henry County's untapped luxury market.
Martinsville and Henry County present a luxury residential void unlike any in Virginia — virtually no new-build, architect-designed product on generous lots. Blue Ridge Crest is the only offering of its kind within this sub-market.
The subject property at 400 Turner Ashby Road is a 9.5-acre parcel in Henry County, Virginia — owned by the Simon Family Trust and anchored as the project's seed capital. The Trust funds the initial equity tranche at 15% APR, providing co-investors a fully-aligned capital structure.
Buyers in the luxury segment are currently forced to look to Roanoke, Greensboro, or Blacksburg — markets 45–90 minutes distant. Blue Ridge Crest captures that demand locally, at a price point approximately $200/sf against an existing resale market of $92–$97/sf.
Three distinct architectural models designed to serve different segments of the luxury buyer market, each maintaining a cohesive mountain-modern aesthetic and identical specification standards throughout the community.
The 9.5-acre parcel is configured into 24 numbered ¼-acre residential lots served by an internal loop road and a cul-de-sac branch. A natural stream corridor runs through the buffer zone. Lot 18 retained as the principal homestead plot.
A compelling 21–36% development margin across all scenarios, anchored by an off-plan sales strategy and fixed-price modular construction contracts that control cost risk.
| Revenue by Home Model | Units | Price | Revenue |
|---|---|---|---|
| The Ashby | 7 | $420,000 | $2,940,000 |
| The Ridge | 10 | $480,000 | $4,800,000 |
| The Crest | 7 | $560,000 | $3,920,000 |
| Gross Development Value | $11,660,000 | ||
| Total Cost Summary | Amount |
|---|---|
| Construction (24 units @ $280K) | $6,720,000 |
| Infrastructure & Roads | $544,000 |
| Sales & Marketing (3%) | $350,000 |
| Professional Fees | $160,000 |
| Finance Costs | $320,000 |
| Land Contribution | $800,000 |
| Contingency (5%) | $215,000 |
| Net Development Profit (Base) | ~$2,551,000 |
Blue Ridge Crest is open to discussing equity co-investment, preferred equity arrangements, JV SPV structures, or senior development finance. Total project capital requirement: approximately $8.17M across a 24-lot programme.
A phased programme designed to fund construction through off-plan pre-sales, with infrastructure delivered first to maximise buyer confidence and minimise peak equity requirement.
This proposal is strictly confidential and intended solely for named recipients. To receive the full investor prospectus, detailed financial model, and site documents, please complete the form.
This does not constitute a public offering of securities. All investors should seek independent legal and financial advice from appropriately qualified professionals.
Important Disclaimer
This website and the materials herein have been prepared by Blue Ridge Crest Development, LLC for informational purposes only and do 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 estimates only, based on publicly available market data as of May 2026, and are subject to change based on market conditions, regulatory approvals, and factors beyond the control of Blue Ridge Crest Development, LLC. The site plan is a conceptual layout for investor illustration purposes only; it is not a certified survey or engineering drawing. Final lot count is subject to Henry County Planning Department approval and formal survey. Prospective investors are strongly advised to conduct independent due diligence, obtain independent legal advice from a Virginia-licensed attorney, and seek independent financial and tax advice from a Certified Public Accountant. Blue Ridge Crest Development, LLC is registered in the State of Colorado. Company Secretary: Jasmine Berry. Classification: Strictly Private & Confidential.