Courtesy of Dudley Resources
This income-producing property is being sold through virtual auction ending July 15th at 2 PM with 10% buyer’s premium, sold as-is with pre-auction offers accepted. Step into 200 years of history with this extraordinary mountain estate featuring an authentic 1830 hand-cut log cabin expanded in 1975 with 5 bedrooms, 3.5 baths, modern hickory kitchen, and nature’s rarest amenity: a natural hot spring creating unassailable competitive advantage in hospitality markets. Recent comprehensive upgrades include 34 new windows, dual-zone AC, updated electrical and plumbing across 1.45 scenic acres with breathtaking mountain vistas near prestigious Homestead Omni Ski Resort. Proven 2024 Airbnb performance generated $22,762 revenue from just one bedroom with 214 nights booked, while professional appraisal establishes $486,000 baseline value and income approach suggests $1.4-2.3M potential when fully leveraged. Multiple revenue opportunities include continuing Airbnb operations, expanding to five-bedroom B&B, developing wellness retreat center, or creating wedding venue, with local zoning permitting multiple small houses near the hot spring for subdivision potential. Live in the main house while earning consistent guest income with parking for 15+ vehicles and over 2,200 square feet of garage storage space, making this convergence of irreplaceable natural amenities, historic character, and established profitability a once-in-a-lifetime acquisition opportunity in Virginia’s mountain country capturing the growing wellness tourism market.