| ext">Current Echota homeowners already | | | | and town homes. With each phase of |
| stepping up to plate with 60% of Morgans | | | | development, you cannot help but want to get |
| Ridge’s current sales coming from existing | | | | involved. |
| residents | | | | James and Shirley Corriher of Cornelius, NC, have |
| Foscoe, NC — Word of Foscoe | | | | referred many to the first two phases of the |
| Companies’ Phase III development, | | | | development, proving current residents are also |
| Morgans Ridge within Echota, being ready to | | | | the development’s most powerful sales |
| break ground and presell lots spread like wildfire | | | | force. Others have bought here as a result of |
| among current Echota homeowners over the | | | | our recommendation, says James Corriher, |
| past months. As a result, before even officially | | | | We consider Echota an exceptional place |
| announcing the availability of lots to the public, the | | | | offering exceptional value. From the colors used |
| developer has gained commitments from current | | | | on the architecture to their focus on not |
| residents on this gated community of single-family | | | | disturbing nature in working with the existing |
| custom homes. | | | | boulders, trees, and creeks, they have done an |
| The interest by current owners did not surprise | | | | outstanding job preserving everything that makes |
| Mark Harrill, founder and President of Foscoe | | | | the mountain area so appealing. |
| Companies. When we entered into Phase II of | | | | A Preview Event of Morgans Ridge within Echota |
| our development with Echota on the Ridge, we | | | | is planned for Saturday, September 9, 2006 |
| immediately found Phase I owners interested in | | | | starting at 8 a.m. Due to the demand, |
| buying properties to move into and then use their | | | | prescheduled appointments to tour the sites and |
| existing Echota property as an investment. | | | | amenities are strongly encouraged with bookings |
| states Harrill. The demand was so strong in | | | | already well underway from current residents |
| Echota on the Ridge that we allocated 38 units in | | | | who have encouraged friends to check out the |
| a friends and family’ lottery. They | | | | community. Those interested can contact the |
| were purchased quickly before all participants | | | | sales office at 800.333.7601 Monday — |
| could choose, so we felt obligated to open an | | | | Saturday, 8:30 a.m. — 6 p.m. |
| additional 12 units, which were immediately | | | | Morgans Ridge within Echota offers the added |
| purchased by the remaining lottery | | | | privacy and security of being a gated single-family |
| participants. | | | | custom home community within the gated Echota |
| Currently, 40 families own or have purchased | | | | community. Home sites range from |
| more than one property within the multiphase's of | | | | low-maintenance quarter-acre lots to |
| the development ranging from two to four | | | | approximately 1.5 acres. All sites offer an |
| condos, town homes or single-family units being | | | | elevation of more than 3,700 feet overlooking |
| purchased by a single owner since its opening in | | | | Grandfather Mountain, Valle Crucis or other Blue |
| 2001. A combination of factors has played into | | | | Ridge monuments. This is the first phase within |
| this pattern of loyal repeat buyers with value, | | | | the development to allow outside companies to |
| amenities and return on investment being at the | | | | design and build within the development. All |
| top of the list. According to owner, Al DeForest | | | | amenities within Echota will be available to Morgans |
| of Winston-Salem, NC, who has purchased more | | | | Ridge residents and their guests. |
| than one unit with wife, Tricia, Foscoe has | | | | Echota is a gated mountain home community |
| established a formula for success that has | | | | located in Foscoe, NC, on 133 Echota Parkway off |
| created a loyal following of current owners in | | | | of Highway 105. The development offers condos, |
| whatever the developer ventures into next. | | | | town homes and single-family units in its first two |
| We originally lookedinto Echota for a rental | | | | phases, Echota and Echota on the Ridge. A total |
| property, but as we saw it being built, we decided | | | | of 566 units are approved in the first two phases |
| to keep it for ourselves and have already bought | | | | with 385 units already sold since Echota’s |
| and sold another property at Echota on the | | | | introduction to the marketplace in 2001, making it |
| Ridge, states DeForest. Echota is a first | | | | the fastest selling mountain home development |
| class operation in every aspect. These are | | | | along the Blue Ridge Parkway. Amenities within |
| excellent investments on top of being wonderful | | | | the development include four stocked fishing |
| properties to enjoy. | | | | ponds, walking trails, an indoor/outdoor pool, |
| Several second-home residents have also made | | | | workout facility, and clubhouse. A second outdoor |
| buying at Echota a family affair. Wayne and | | | | pool and spa with outdoor entertainment bar and |
| Cynthia Burris of Smith Mountain Lake, VA, have | | | | clubhouse is currently being constructed in Echota |
| referred many and also have their daughter and | | | | on the Ridge featuring a dramatic waterfall flowing |
| son-in-law as a part of the community, who | | | | behind the pool. The development has been |
| purchased a cottage unit in Echota. We are so | | | | named the High Country’s Best Planned |
| pleased with Echota that we have referred family | | | | Community two years in a row, as well as being |
| and friends and are buying other units for pure | | | | recognized for its award winning design. has |
| investment reasons. Foscoe knows how to create | | | | named Echota a Spotlight community and among |
| a value-added experience in their homes, condos, | | | | the Best of North Carolina’s Communities. |