The High Hampton property, comprising the High Hampton Inn and 2,400 acres of beautiful mountain land in Jackson County, recently purchased by a syndicate of investors, has been sold to R.M. Combs of Sarasota, Fla., it was announced today.
The purchase price was given as $335,000.
Mr. Combs plans to spend $1 million in development of the property, and will place it on the market as soon as his program of improvement is completed. A landscape architect to have charge of laying out the grounds, developing golf links, improving the lake, and otherwise enhancing the grounds, highways, and drives, has been employed, according to the announcement.
The sale was made by Fred Burnett of Hendersonville.
Some six weeks ago the property was acquired by a syndicate of whom E.L. McKee is president; H.W. Plummer, Asheville, secretary-treasurer; Gilbert White of Durham and Charles E. Waddell of Asheville, vice-presidents.
This company incorporated with $500,000 capital stock, and first announced intention of improving and developing the property. The sale to Mr. Combs however terminates this program, and the new owner has announced that he will proceed with the development.
Mr. Combs is a successful real estate operator at Sarasota, where he has extensive holdings, it is announced.
From the front page of the Jackson County Journal, Sylva, N.C., Dec. 2, 1925
newspapers.digitalnc.org/lccn/sn91068765/1925-12-02/ed-1/seq-1/
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