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the operations of that business.2
Around 1950, after having made the repairs necessary to make
it habitable, Mr. and Ms. Stone along with their children (col-
lectively, the Stone family) began residing in the house situated
on the Cherrydale property, which had been built in the 1840s.
(We shall refer to the house and the approximately four acres of
surrounding land on the Cherrydale property where the Stone
family began residing around 1950 as the Cherrydale residence.)
From at least as early as 1994 until their respective
deaths, Mr. Stone lived in North Carolina on a 582.672-acre
parcel of land located on certain real property known as Cedar
Mountain (Cedar Mountain property),3 and Ms. Stone lived in a
villa in The Cypress of Hilton Head (Cypress villa) on Hilton
Head Island, South Carolina.
By the late 1980s or the early 1990s, the Cherrydale resi-
dence had begun to deteriorate, although the Cherrydale property
was still being used as the location for Stone Manufacturing’s
2Although not altogether clear from the record, it appears
that at some time after Mr. Stone purchased the Cherrydale
property he transferred that property, except for the Cherrydale
residence discussed below, to Stone Manufacturing.
3Mr. and Ms. Stone’s Cedar Mountain property, located in
Little River Township, N.C., north of Greenville, S.C., consisted
at least as early as 1994 of a 582.672-acre parcel, a 1054.415-
acre parcel, and a .338-acre parcel, which they accumulated over
approximately a 50-year period. During that time, Mr. and Ms.
Stone carried out their vision of developing the Cedar Mountain
property by, inter alia, building various lakes and bridges and
at least one residence on that property.
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Last modified: May 25, 2011