Heavenly Mountain tract up for auction
A 225-acre tract and three large buildings that were once part
of the Transcendental Meditation center at Heavenly Mountain are now up for auction.
The property, owned by the Maharishi University of Enlightenment, will be sold online Oct. 25.
Once used for women’s educational programs in Transcendental Meditation and Vedic sciences, the buildings have sat vacant for several years.
The Maharishi University purchased the properties in May 2011 from Blue Mountain Holdings, a company associated with David and Earl Kaplan, the original developers of Heavenly Mountain, according to land records.
Thomas McMahon, a broker for Sperry Van Ness that is coordinating the auction, said the university did not explain why it was selling the properties now but is working to create a different campus for its programs in New York.
The buildings and the properties on which they sit combined have an appraised tax value of $8,189,100, according to Watauga County tax records.
Bids on the property will start at $3.9 million, and the university does have an undisclosed reserve amount that must be met, McMahon said.
The “East Campus,” as it was once called, is separate from the 381-acre parcel called Forest Summit that was purchased in October 2011 by the Art of Living Foundation. That site is now the home of the International Center for Peace and Well-Being, which offers short-term and residential meditation, yoga and stress management seminars.
More information about the auction and the property is available online at http://bit.ly/HeavenlyMtnauction.