Come Live By The Bay

Ahead of the Curve

Today a great opportunity exists for the savvy investor to purchase land in the Northern Neck and Middle Peninsula areas of Virginia. These peninsulas, which border the pristine Chesapeake Bay, are conveniently situated between Virginia's capital of Richmond to the North and the tri-city area of VA Beach, Norfolk, and Hampton Roads to the South.

Currently the value of waterfront property is on the rise in these areas as such property does not exist in Richmond to the North and the land to the South is almost completely developed. Furthermore the close proximity of these Peninsulas to the recreational activities the bay has to offer and tourist locations such as Colonial Williamsburg, make this land very appealing to individuals from the Northern U.S. who wish to maximize their retirement savings in the more affordable South.

Where is the Northern Neck/Middle Peninsula?

The Northern Neck Middle Peninsula which consists of such counties as Gloucester, Mathews, Essex and Lancaster, lies approximately forty-five minutes to one and one-half hours to the North of the VA Peninsula. The VA Peninsula contains the cities of VA Beach, Norfolk, Hampton Roads, and the historic cities of Yorktown and Williamsburg. Many of these areas, which are more metropolitan in nature, have been built out to a 95% capacity when compared to the lower rates of the Northern Neck and Middle Peninsula. The counties on these peninsulas are still rich in waterfront property greatly desired by individuals in the surrounding areas and from the North. Please see the statistics below to better understand the availability of developable land in these areas.

Why is this land so attractive?

As mentioned, the Northern Neck and Middle Peninsula is conveniently situated between Richmond and the VA Peninsula. The Richmond area offers among other things: business opportunities, great shopping, and possesses one of the best hospitals in Virginia. This hospital and its area partners, offers a broad array of specialized medicine and health care services for those new to the area.

The Patrick Henry airport located on the VA Peninsula is conveniently located thirty minutes to an hour from the Northern Neck/Middle Peninsula. This airport is currently expanding and offers flights to many of the major hubs in the U.S. which is obviously a plus for business people living in the area.

The recent expansions of the Coleman Bridge accessing the South and the West Point Bridge to the North, allow for more convenient travel to and through the Northern Neck/Middle Peninsula from both the Washington D.C./Richmond area and the VA peninsula.

Williamsburg is one of the top tourist attractions in the U.S. offering a broad spectrum of activities for adults and children. Colonial Williamsburg and nearby Jamestown offers a fascinating glimpse into our Country's foundation and past way of life while Busch Gardens, voted the most scenic theme park in America and its sister park Water Country USA, are constantly expanding their offerings to cater to children and adults of all ages. Fine dining and shopping at Williamsburg's numerous restaurants and Outlet Mall are available to those favoring less excitement.

The Northern Neck/Middle Peninsula area's main appeal is the tranquility that accompanies living in a rural atmosphere. Living nearby Richmond and the VA Peninsula offers the urban conveniences to which individuals from the North are accustomed but still allows them to return home to the serenity of their waterfront lands. Living on or near the Chesapeake Bay provides Northern Neck residents with such recreational activities as boating, fishing, swimming, sightseeing, waterskiing etc.

The recreational activities are terrific but the school systems in rural VA are also exceptional as they provide a more personal atmosphere in which students tend to excel. Take comfort in knowing that your children can walk or ride to school safely in a community that thrives on moral values and looks after its own. The school systems also offer a variety of sports not necessarily common to other areas of the country such as crew.

The low cost of living is obviously a plus as well. Residents of the Northern/Neck Middle Peninsula can save hundreds if not thousands of dollars a year on property taxes for properties comparable to those in more urban areas. A Sunday drive truly becomes a drive as the traffic congestion in this area is easily 50-60% less than most urban areas.

In Closing

The land is available and given the way the market is moving, an investor could make a huge profit in several years by clearing and developing a piece of undeveloped land. The pros. in moving to the Northern Neck/Middle Peninsula far outweigh the cons.

Benefits:

• Low cost of living
• Nearby metropolitan areas of VA Beach, Norfolk, and Richmond
• Nearby historic Jamestown/Williamsburg
• Good school systems
• Low crime rates
• Exceptional boating, fishing, recreating, etc.
• Beauty, tranquility, and peace of mind