20.76 Acres - 23.43 Acres Located in Burke County, NC This beautiful property known as RANCHO EL DORADO (Ranch of Gold in Spanish) and RANCHO RIO VISTA (River View Ranch in Spanish) is located on Gold Mine Road approximately 5 miles south of I-40 at exit 94 and 12 miles Southwest of Morganton, NC.  The land is in the rolling foothills of the Smoky and Blue Ridge Mountain Range.  Deposits are now being accepted for the purchase of these lots.  We offer Estate sized lots from 3 acres to 4.74 acres.   All of the property is wooded, lot 2 has a spring fed pond, lot # 4 on the west end of the 23.43 acre parcel has a year round bold creek running through it and 4 lots offer highway frontage on Goldmine Road.  We are currently taking deposits for the sale of these two new subdivisions.  All this property will feature Paved Roads and underground electric and phone service.  (HURRY, WE ONLY HAVE 8 LOTS LEFT- THESE LOTS IN RANCHO EL DORADO AND RANCHO RIO VISTA ARE QUICKLY SELLING)

Typical view of wooded lots

Typical View of Year Round Creek area

Typical paved road

Typical Paved interior Cul-d-sac

Map to Property

Plat map for Rancho El Dorado

Plat map for Rancho Rio Vista

THE RANCHO ELDORADO PURCHASE PRICES WILL BE AS FOLLOWS:

 Lot 1 - 3 acres - mountain view  - Close out priced at $35,500

Lot 2 - 3.60 acres - privacy and goldmine rd frontage priced at $38,500

Lot 3 - 3.66 acres - privacy and goldmine rd frontage - priced at $39,500

Lot 4 - 3.68 acres - (SOLD)

Lot 5 - 3.49 acres -  (SOLD)

Lot 6 - 3.36 acres - (SOLD)

THE RANCHO RIO VISTA PURCHASE PRICES WILL BE AS FOLLOWS:
     
Lot 1 - 3.36 acres - (SOLD)

Lot 2 - 4.14 acres - privacy, spring fed pond and mountain View priced at $59,500

Lot 3 - 3.54 acres - (SOLD)

Lot 4 - 4.74 acres - privacy, wooded, bold creek - priced at $65,500

Lot 5 - 4 acres - privacy lots of flat areas to build - priced at $59,500

Lot 6 - 3.43 acres - privacy, excellent hwy frontage - close out priced at $38,500

DEED RESTRICTIONS:(please read as these restrictions will be recorded with each deed to the property)
State of North Carolina
County of Burke
Township of Silver Creek

Declaration of Covenants and Restrictions
Of Casa De Oro & Rancho Eldorado Subdivision

            WHEREAS, PORTFOLIO MANAGEMENT INC. Gene R. Conley, President, has established an overall plan of improvement and development of a Minor Subdivision known as CASA DE ORO and/or RANCHO ELDORADO and/or RANCHO RIO VISTA consisting of  separate lots of three acres or more further described in Plat Book        , Page      of Burke County Registry, and are desirous of placing certain restrictions and limitations upon ownership, use and occupancy of each lot; and to insure the improvement, development and maintenance of said subdivision, said owner(s) hereby place the following restrictions, limitations and reservations, upon the lots in said subdivision, which shall run with the title to each of the lots in said subdivision and shall be binding upon each lot and all persons acquiring title to any of said lots from the owner(s), its grantees, successors or assigns.

            NOW THEREFORE, PORTFOLIO MANAGEMENT INC, Gene R. Conley, President, hereinafter referred to as the developer, does hereby impress the following Covenants, Restrictions, Limitations, Reservations and Servitudes upon the ownership and occupancy of each of the lots in the subdivision known as CASA DE ORO and/or RANCHO ELDORADO and/or RANCHO RIO VISTA hereinafter referred to as  the subdivision; which shall run concurrent for a period of 10 years from the date acknowledged herein by the developer; at which time they will expire unless renewed by a majority vote of owners within the subdivision; which shall run with the title to each of the lots in the subdivision and shall be binding upon each lot and all persons acquiring title to any of the said lots from the developer, subsequent owner(s), their grantees, successors, assigns or heirs:

 No lot shall be used for any purpose other than for residential occupancy.  There shall be no commercial businesses operated on or upon any lot within the subdivision.  A home based business that does not create any excessive traffic or excessive truck deliveries shall be allowed provided said business does not interfere with the quiet enjoyment of the other owners in the subdivision and is within common reason and common sense.                                                                                                                                  No Manufactured Housing (i.e. single or double wide mobile homes) that are initially sold with a title shall be allowed to be placed on any lot in the subdivision.  However, modular homes with all wood framing (i.e. floor support beams and floor joist) along with log and custom built homes having at least 1,200 square feet of measured living space not including decks, garages or unfinished basements shall be permitted.  In the event that a two story home is erected on any lot, the ground floor of such two story residence shall contain not less than 900 square feet of measured living space not including decks, garages or unfinished basements.  All construction of any kind must be done with valid permit issued through Burke County.

 No recorded lot in the subdivision shall have more than one single family residence constructed except that a small guest house or garage guest house shall be allowed not to exceed 1200 square feet of measured living space not including decks, garages or unfinished basements.                                                                                                                                  Camping shall be permitted on any lot by the use of specific equipment professionally manufactured for that purpose (i.e. campers, travel trailers, motor homes, etc.) any camping equipment situated on any lot whereon a permanent home has not been built or is under construction must be removed from the lot by January 5th of each year and such camping equipment (or any replacement thereof) cannot be returned to, or used on said lot until March 1 of each year.                                                                                                                                   No unlicensed, disabled or abandoned vehicles shall be permitted on any lot nor shall any such vehicles be stored thereon.                                                                                                                                                 No commercially raised animals, livestock, cattle, pigs or poultry of any kind shall be kept on any lot, except that dogs, cats or other commonly domesticated household pets may be kept.  However, such shall not be maintained for commercial purposes and my not be allowed to become a nuisance (such as continually barking) to the other lot owners in the subdivision. Two horses, two cows, two pigs, two goats or 5 chickens per fenced acre shall be permitted provided the out buildings shall be maintained 100’ feet from any lot line and sanitation from said animals does not become a nuisance to other lot owners in the subdivision.                                                                                                                                                                                                                  No noxious, loud or offensive activity shall be carried on upon any lot nor shall anything be done thereon which may be or may become a danger, annoyance or nuisance to other lot owners in the subdivision.                                                                                                                                     In the event that a stream crosses or is located upon any lot, the owner of said lot shall not cause that stream to cease to flow, nor divert it from its natural course, nor allow any pollution to enter said stream so as to affect any other property owner.  Said lot owner may properly install a culvert and road crossing as needed for ingress and egress to and from the home site to and from the subdivision road.                                                                                                                                  The cutting of any trees (10”) ten inches in diameter or larger is prohibited on any lot except within (50’) fifty feet of the house site, or where necessary for construction of driveways or septic tank systems.  Any and all trees cut and/or underbrush cut shall be removed, or buried and reseeded within 90 days of said cutting.  No construction or cut tree/underbrush debris shall be visible from any roadway or other lot in the subdivision.                                                                                                                             Initially the developer shall complete main road into the subdivision to all weather specifications and maintain said roads until at least a majority of lots are sold.  At that time the lot owners shall be responsible for upkeep and maintenance of said road.  Assessments may be levied for said maintenance from time to time and shall be proportional to the size of the lot owned.  Any assessment not paid by an owner within 60 days of being levied by a majority vote of the other lot owners for road maintenance shall be afforded due legal process and subsequently recorded as a lien on the property until paid.

Enforcement of any of these deed restrictions shall be by proceedings at law or in equity against any person or persons violating any covenant, either to retrain violation or recover damages.                                                                                                                               Invalidation of any one of these covenants by judgment or court order shall not in wise affect any of the other covenants which shall remain in full force and effect.