BURNT JACKET

OVERVIEW

A unique ownership and investment opportunity in Maine sitting on the edge and part of the largest privately-owned forest in the United States. It really is a one of a kind property having a managed forest, an entire mountain (Burnt Jacket Mtn.), access by an excellent interior road system and over Five miles of frontage on Moosehead Lake.

 

Beaver Cove is a residential community developed by a Timber Company in the late 60’s. There are over 300 mostly Lakefront residences with about 80 year around residents. The Town contract services, Fire, Police and refuse management from the adjoining town of Greenville. Real estate taxes are some of the lowest in the State of Maine.

Moosehead Lake is one of the largest in the Northeast at 40 miles long and 20 miles wide. The water is crystal clear, over 100 feet deep in many places and nearly 70% of the shoreline is protected from development. In the late 1800’s and early 1900’s a tourist industry was created by bringing people by train from Northeast cities.

 

Tourists still come here today to enjoy the peace and serenity of this special place. Moosehead Lake has a mix of permanent and seasonal residences ranging from small cabins to expensive Lakefront homes with values from $200,000 to several million dollars; one in particular is valued at over $30 million.

TOWN OF GREENVILLE MAINE
The Town of Greenville is only six miles away and is the area’s service center. There are Schools, a Hospital, Merchants of all kinds, a number of Restaurants and lodging from small Motels to very nice Inn’s. Greenville is also the starting out place for Wilderness adventure and outdoor recreation. Popular activities include Boating, Golf, Camping, Mountain Biking, Hiking the ATV trails, downhill Skiing or just exploring the adjoining Wilderness.
BURNT JACKET MOUNTAIN - YOU CAN OWN THIS AND MORE!
The present ownership is vested in Burnt Jacket, LLC, a partnership created to hold the property in 2004. It’s a contiguous tract that has been legally divided into several tracts. A new owner would have the option to sell or develop some of the land if they so desired. There is potential income from the management and sale of Forest Products and there is interest from a group that has plans for a Wilderness Resort.
The partners, after a 15-year hold, have decided that they will exit this investment and sell the property. This is a private offering and the partners would not be responsible for real estate brokerage or other fees not contracted by them. The property is available for inspection at the convenience of a prospective purchaser.