You are right about mountain land in North Carolina.
Land that sold for $500 an acre a few years ago is up ten and twenty fold.
The Ginn development company has a new gated community outside of Blowing Rock. They've got their helicopters flying over constantly with prospective buyers picking out their half-million dollar lots. Not houses, lots.
Sounds like we'd better get down there even sooner than I'd planned. :)
Any lot with a view will run a minimum of $100K / per half acre these days. No septic, no well, no drive, just a gravel road to get to it.