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IKE MORRIS ASKING $51 MILLION FOR LODGE ON 10,000 ACRES |
| (11/04/2005) |
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Gilmer businessman Ike Morris is selling off some of his holdings. About 10,000 acres in a Doddridge County spread that is touted as a private hunting club, has stables and a lodge and even its own little river. The price tag on the private hunting club is $51 million. It is being listed by Leading Estates of the World, a company that publishes a pricey magazine of some of the most expensive properties around the world. The West Virginia property is the most expensive. "There's some very serious interest in it," said Steve Holloway, land manager for Morris' company, Waco Oil and Gas. "It's a big price tag, but you are talking $5,000 an acre. And you can't find 10,000 acres anywhere in northern West Virginia." "It has limited development potential because of the location and the terrain, but it could make a great resort, a golf course or some kind of recreational property," said Holloway. The description on www.leadingestatesonline reads: "Rich in history, the West Virginia wonderland of 10,200 acres minutes from U.S. Route 50...showcases to perfection the majestic beauty of the Mountain State, taking in the headwaters of the south fork of the Hughes River. Its welcoming hunting lodge offers a handsome base for horseback riding, hiking, fishing and exploring the vast domain." The land is near West Union, off U.S. 50 near Clarksburg. Morris bought the 10,000 acres ten years ago. He has used it as a private get-away. Doddridge Realtor George Adrian said "I believe he bought it for about $1.7 million," who scoffed at the current price tag. "There's no way he's going to get $51 million for it now." "Very seldom do you find that much acreage together," Adrian said. "I have trouble getting four or five hundred acres together." |
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