$899,000
$899,000
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259 LOG HOME PL Stanley, VA 22851
3 Beds
3 Baths
4,880 SqFt
Key Details
Sold Price $899,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 4,880 sqft
Price per Sqft $184
Subdivision Battle Creek Forest
MLS Listing ID VAPA2001328
Style Cabin/Lodge,Log Home
Bedrooms 3
Full Baths 3
Year Built 2009
Annual Tax Amount $2,334
Tax Year 2021
Lot Size 3.160 Acres
Property Description
This is it look not further for a great investment opportunity. This six figure revenue producing rental lodge on the Blue Ridge Mountains in the historic Shenandoah Valley located near Luray, Luray Caverns, Shenandoah National Park, and the legendary Shenandoah River has it all. This lodge produced $145,788.67 in rental revenue for 2021 and has been in business since 2009. This does NOT include cleaning fees, taxes, or any other additional fees. It is strictly rental revenue. Lodge is in the process of being stained and sealed. This spacious property is an active listing on VRBO with an excellent review status of 4.7 Stars. For reviews and additional information regarding upcoming booking please visit VRBO and search Gameroom Blue Ridge Mountain Views Hot Tub Luray or Property # 4695679ha. The three bedrooms, three bath lodge has massive deck space, a soaring ceiling in the family room area with a huge fireplace, entertainment area, and many recent updates. Included within the updates are the kitchen counters, some furniture, and other items to keep the cabin well maintained for short term rental such as new landscaping and new stain on the exterior of all the house. The property is easily accessed without steep roads and just minutes from downtown Luray. Please note this property price is reflective of a residential unit and not short-term rental. Should the purchaser like to continue utilizing this property as a Short-Term Rental the purchaser will agree to pay $150,000 for the short term rental use, furnishings, and digital media. If property is purchased without purchasing the STR use fee, restriction will be placed on the deed at settlement to not allow new owners to operate this lodge as a short-term rental for a period of two years. This property will not last long.
Location
State VA
County Page
Zoning R
Interior
Hot Water Propane
Heating Heat Pump(s)
Cooling Central A/C
Exterior
Water Access N
Building
Story 2
Foundation Block
Sewer On Site Septic
Water Well-Shared
New Construction N
Schools
School District Page County Public Schools
Others
Special Listing Condition Standard
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Bought with Nina Alexandra Long Fox • Funkhouser Real Estate Group