Property Description

Charles Tract (KL2156) — Key Land & Tax Summary The Charles Tract spans approximately 246 acres within the Dragon Run watershed of Virginia’s Middle Peninsula with direct road access off of The Trail, offering a contiguous block of conserved forestland defined by long-term stewardship and productive use. Protected under a conservation easement held by The Nature Conservancy, the property is permanently maintained as a working forest—preserving its ecological function while allowing for sustainable timber management. The tract is characterized by a cohesive timber landscape, supporting managed forest growth and providing meaningful habitat within one of the largest unfragmented forest systems in the lower Chesapeake Bay region. Its position within this broader corridor reinforces both its environmental significance and its long-term stability as a land investment. Per paragraph 2.1 Subdivision and paragraph 2.2 Building Envelopes, these properties can be managed for limited residential use, designed to minimize impact on the surrounding forest. The tract’s size and internal access also support a range of recreational uses, including hunting and passive land enjoyment, without compromising its primary function as managed timberland. The Charles Tract is best understood as a disciplined landholding—where biological productivity, conservation intent, and long-term ownership align within a protected and increasingly scarce forest landscape. Property boundaries are estimated based on available data and are not warranted. Property owner to provide title research for Buyer prior to closing. Location & Identity Name: Charles Tract Legal Description: Charles #2156 Parcel ID: 23-162L-929 County: King and Queen County, Virginia Coordinates: 37.61625, -76.79774 Acreage & Size Total Acres: 246 acres (note: tax record vs. marketed ±246 acres—needs reconciliation) Volume Breakdown Hardwoods Sawtimber: 356.54 MBF Pulpwood: 2,112.22 tons Softwoods Sawtimber: 1,410.56 MBF Pulpwood: 8,485.92 tons Assessment & Taxes Assessed Value (2025): $239,100 Land Value: $239,100 (no improvement value) Tax Amount: $1,243.32 annually

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