Powder Horn Mountain
Encyclopedia
Powder Horn Mountain is a gated residential/resort community
in Triplett, Watauga County, North Carolina
, located in the Blue Ridge Mountains
. The project was founded by developer Bob Horne, and included a golf course
, riding
stables and trails in nearby Wilkes County
, but after undergoing bankruptcy
and foreclosure
it was divided and sold separately. A group of property owners founded a partnership called the Laurel Creek Group, purchased the homes from foreclosure, and created the Powder Horn Mountain Property Owners Association. The group then deeded the common property to the homeowners association.
The golf course no longer exists, and the land is now owned by many individual owners and is not part of PHM. Leatherwood, a newly formed gated community, is located on the site of the old riding stables. Recent years have seen the community resuming steady but slow growth. The Powder Horn Mountain POA annexed more than 200 acre (0.809372 km²) formerly known as "Brightwood IV" into Powder Horn in 2005, an area now known as Powder Horn Estates. The primary developer of Powder Horn Estates declared bankruptcy on August 15 2007. However, the Powder Horn Mountain POA remains viable, with a claim of eleven thousand dollars pending against the bankrupt estate. Most of the annexed property is now being liquidated by the court appointed trustee.
There is an unrelated Powder Horn Golf Community in Colorado http://www.thepowderhorn.com/.
Gated community
In its modern form, a gated community is a form of residential community or housing estate containing strictly-controlled entrances for pedestrians, bicycles, and automobiles, and often characterized by a closed perimeter of walls and fences. Gated communities usually consist of small residential...
in Triplett, Watauga County, North Carolina
Watauga County, North Carolina
-Demographics:As of the census of 2000, there were 42,695 people, 16,540 households, and 9,411 families residing in the county. The population density was 137 people per square mile . There were 23,155 housing units at an average density of 74 per square mile...
, located in the Blue Ridge Mountains
Blue Ridge Mountains
The Blue Ridge Mountains are a physiographic province of the larger Appalachian Mountains range. This province consists of northern and southern physiographic regions, which divide near the Roanoke River gap. The mountain range is located in the eastern United States, starting at its southern-most...
. The project was founded by developer Bob Horne, and included a golf course
Golf course
A golf course comprises a series of holes, each consisting of a teeing ground, fairway, rough and other hazards, and a green with a flagstick and cup, all designed for the game of golf. A standard round of golf consists of playing 18 holes, thus most golf courses have this number of holes...
, riding
Equestrianism
Equestrianism more often known as riding, horseback riding or horse riding refers to the skill of riding, driving, or vaulting with horses...
stables and trails in nearby Wilkes County
Wilkes County, North Carolina
Wilkes County is a county located in the U.S. state of North Carolina. The 2000 U.S. Census listed the county's population at 65,632; the 2010 U.S. Census listed the population at 69,340...
, but after undergoing bankruptcy
Bankruptcy
Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....
and foreclosure
Foreclosure
Foreclosure is the legal process by which a mortgage lender , or other lien holder, obtains a termination of a mortgage borrower 's equitable right of redemption, either by court order or by operation of law...
it was divided and sold separately. A group of property owners founded a partnership called the Laurel Creek Group, purchased the homes from foreclosure, and created the Powder Horn Mountain Property Owners Association. The group then deeded the common property to the homeowners association.
The golf course no longer exists, and the land is now owned by many individual owners and is not part of PHM. Leatherwood, a newly formed gated community, is located on the site of the old riding stables. Recent years have seen the community resuming steady but slow growth. The Powder Horn Mountain POA annexed more than 200 acre (0.809372 km²) formerly known as "Brightwood IV" into Powder Horn in 2005, an area now known as Powder Horn Estates. The primary developer of Powder Horn Estates declared bankruptcy on August 15 2007. However, the Powder Horn Mountain POA remains viable, with a claim of eleven thousand dollars pending against the bankrupt estate. Most of the annexed property is now being liquidated by the court appointed trustee.
There is an unrelated Powder Horn Golf Community in Colorado http://www.thepowderhorn.com/.