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12509 Sam Snead Hwy, Warm Springs, VA 24484

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For Sale

$310,000

5 beds • 3 baths • 1 half baths • 3,601 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $86.09
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

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 30th 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: https://www.dudleyresources.auction/auctions/detail/bw141539 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.
MLS# 11513503

Courtesy Of Dudley Resources

(804) 709-1954

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Water Front
  • Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Refrigerator, Washer
  • Architecture Style
    Other
  • Exterior Type
    Asbestos
  • Fireplace
    Fireplace
  • Floor Covering
    Hardwood, Tile
  • Heating System
    Forced Air, Radiant
  • Lot Size
    1.45 Acres
  • Roof Type
    Metal
  • Rooms
    Basement, Bonus Room, Den, Dining Room, Family Room, Kitchen, Living Room
  • View Type
    Mountain

Map and Directions

Directions to 12509 Sam Snead Hwy, Warm Springs, VA 24484

Home seller CENTURY 21 Colonial Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Colonial Realty

(804) 526-5454
Learn More About Us

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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