My name is Dr. Charles E. Day, and my wife is Claudia.  We are retiring and offering for sale three properties that we dearly love. These properties are Magnolia Manor Horse Farm (our current home), Bear Creek Valley Ranch (our former home), and Snowball Hollow Timberland Farm (my boyhood home).

 

Magnolia Manor is a 25 acre horse farm wholly within the city limits of Leitchfield, KY. The residence is a 5600 sf, 6 bedrooms, 3.5 baths, Tudor style brick home with natural cedar shake roof nestled in a grove of 200 year old majestic white oaks and stately white pine trees in a park-like setting. The home has two completely separate living areas with their own full kitchens, dining rooms, living rooms, bedrooms and fireplaces. Our house overlooks a beautiful 5 acre lake on the property, and the stables are in a rustic wood, two level 45 X 60 ft horse barn. For a photo gallery of Magnolia Manor click on the following link http://picasaweb.google.com/magnoliamanorky, then click on the magnolia, next click on "slideshow" above the magnolia, and lastly hit F11 on your keyboard and enjoy the show.   Magnolia Manor is offered at $895,000.

 

Bear Creek Valley Ranch is 212 acres and is where I have personally raised grass-fed beef for 22 years. Because of an abundance of water with Boone Branch and Langley Branch as well as Bear Creek running a mile through the ranch, we raised freshwater prawns for 5 years, hence all the ponds, until the person overseeing the aquaculture became disabled and had to discontinue operations. Aquaculture can be greatly expanded making this the perfect “surf ‘n’ turf” ranch. For a slide show of the ranch click on Photo Gallery above.  Bear Creek Valley Ranch is offered at $4150 per acre.

 

Snowball Hollow Timberland Farm is 480 acres of mostly white oak (the most expensive kind) timber last harvested in 1990. In February I had a consulting forester do a two day timber cruise of the property, and he estimated that it contained several hundred thousands of dollars of harvestable white oak timber. In an article titled “Wealthy Investors Discover Timberland” on page B9 of the May 1, 2010 issue of the Wall Street Journal, the author Jeff Opdyke states that, “The average timber tract is about 400 acres in the Southeast, the country’s wood basket. At roughly $2000 an acre, that is an $800,000 ante just to play.” Even though the ante is high, he points out that the compounded annual return since 1987 for such timberland is over 14% versus 9.4% for the S&P 500 stock index. When I bought this property in 1975 every one laughed at me and thought I made a terrible mistake for paying so much. However, it was one of  the best financial investments I ever made. For a tour of this farm go to www.landsofkentucky.com/listing/875134.  Snowball Hollow Timberland Farm is offered at $2195 per acre.