Wayne Phipps
The Jason Gareau Team - Long and Foster Real Estate
wayne@thejasongareauteam.com +1(609) 707-647512509 SAM SNEAD HWY Warm Springs, VA 24484
6 Beds
4 Baths
4,643 SqFt
OPEN HOUSE
Sat Jun 21, 12:00pm - 3:00pm
Fri Jul 11, 11:00am - 1:00pm
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 4,643 sqft
Price per Sqft $48
Subdivision None Available
MLS Listing ID VABT2000038
Style Cabin/Lodge,Other
Bedrooms 6
Full Baths 3
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 3,602
Year Built 1830
Annual Tax Amount $1,687
Tax Year 2022
Lot Size 1.450 Acres
Acres 1.45
Lot Dimensions 0.00 x 0.00
Property Sub-Type Detached
Source BRIGHT
Property Description
This income-producing property is being sold through a virtual auction on the listing company website. The list price does not reflect the final sale price. The online, non-contingent auction sale ends July 15th at 2 p.m. A 10% buyer's premium applies to the final bid price. The property is being sold as is, where is. Please review the terms and the Comprehensive Due Diligence Packet on the company website and for registration.
The seller is accepting pre-auction offers. Public open houses will be Saturday, June 21st, from 12-3, and Friday, July 11, from 11-2.
***A Rare Mountain Investment Opportunity: Historic Estate with Natural Hot Spring Step into nearly 200 years of history with this extraordinary property that seamlessly blends heritage with modern luxury and proven income potential. This isn't just a mountain retreat, it's a sophisticated investment anchored by nature's rarest amenity: a natural hot spring.
***Historic Foundation Meets Modern Excellence The authentic 1830 hand-cut log cabin, thoughtfully expanded in 1975, features five spacious bedrooms and 3.5 bathrooms with a stunning modern hickory kitchen. Recent comprehensive upgrades include 34 new windows, dual zoned central air conditioning, updated electrical and plumbing systems, and professional waterproofing, representing improvements that ensure long-term reliability.
***The Crown Jewel: Natural Hot Spring! This rare geological feature creates an unassailable competitive advantage in hospitality markets. Natural hot springs are among the earth's rarest amenities, commanding premium pricing and occupancy rates that conventional properties cannot achieve. Combined with breathtaking mountain vistas across 1.45 scenic acres, this creates an irreplaceable market position.
***Proven Financial Performance 2024 Airbnb revenue of $22,762 from just one bedroom apartment, with 214 nights booked and $2,468 in tax advantages. This turnkey operation includes all furniture, licensing, and an established website. Professional appraisal establishes a baseline value at $486,000, while income approach valuations suggest potential worth of $1.4-2.3 million when fully leveraged.
**Multiple Revenue Opportunities: Continue successful Airbnb operations, expand to full five-bedroom B&B, develop a wellness retreat center, or create wedding venue. Local zoning permits multiple small houses near the warm spring, offering subdivision potential. The natural hot spring validates premium pricing across all hospitality models.
***Strategic Location Advantages Located near prestigious Homestead Omni Ski Resort and historic Jefferson Pools, the property captures Virginia's growing wellness tourism market while maintaining easy access to major cities. World-class outdoor recreation and established tourist traffic provide year-round demand.
***Investment Highlights Live in the main house while earning consistent income from guest operations. Extensive infrastructure includes parking for 15+ vehicles and over 2,200 square feet of garage/storage space. The combination of natural rarity, historic significance, proven performance, and unlimited potential creates an investment opportunity that sophisticated buyers recognize as genuinely exceptional. This convergence of irreplaceable natural amenities, historic character, and established profitability represents a once-in-a-lifetime acquisition opportunity in Virginia's mountain country.
Location
State VA
County Bath
Zoning RESIDENTIAL
Rooms
Basement Partially Finished, Walkout Level
Main Level Bedrooms 2
Interior
Interior Features Kitchen - Table Space, Kitchen - Island
Hot Water Oil, Electric, Propane, Wood
Heating Radiant, Heat Pump - Electric BackUp, Central
Cooling Central A/C
Flooring Ceramic Tile, Hardwood
Fireplaces Number 1
Fireplaces Type Wood
Inclusions entire contents of AIRBNB, KItchen, upstairs bedroom furniture, all appliances. See auction website
Equipment Dishwasher, Microwave, Oven - Double, Refrigerator, Washer
Furnishings Yes
Fireplace Y
Window Features Energy Efficient,Insulated
Appliance Dishwasher, Microwave, Oven - Double, Refrigerator, Washer
Heat Source Electric, Oil, Propane - Owned, Wood
Exterior
Exterior Feature Deck(s), Patio(s), Balcony
Parking Features Other, Additional Storage Area, Basement Garage
Garage Spaces 46.0
Utilities Available Propane, Natural Gas Available, Other, Cable TV, Electric Available, Sewer Available, Water Available
Water Access Y
View Mountain, Street, Scenic Vista, Creek/Stream, Panoramic, Trees/Woods
Roof Type Metal
Accessibility Other
Porch Deck(s), Patio(s), Balcony
Total Parking Spaces 46
Garage Y
Building
Story 3
Foundation Permanent, Slab
Sewer Public Sewer
Water Public
Architectural Style Cabin/Lodge, Other
Level or Stories 3
Additional Building Above Grade, Below Grade
Structure Type Dry Wall,Plaster Walls,Other
New Construction N
Schools
High Schools Bath County
School District Bath County Public Schools
Others
Pets Allowed Y
Senior Community No
Tax ID 63A1-1-15
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Other
Horse Property N
Listing Terms Cash, Other
Financing Cash,Other
Special Listing Condition Auction
Pets Allowed No Pet Restrictions
