Completely Renovated 1830 Log Cabin with Hot Spring & Thriving Airbnb Business - 12509 Sam Snead Hwy
Listings by Dudley Resources
Location: 12509 Sam Snead Hwy, Warm Springs, VA 24484
Historic Mountain Retreat with Natural Hot Spring & Proven Income Stream Historic Mountain Retreat with Natural Hot Spring 12509 Sam Snead Highway, Warm Springs, VA 24484 5 BR | 3.5 BA | 3,601 sq ft | 1.45 acres | Natural Hot Spring A Rare Mountain Investment Opportunity Step into nearly 200 years of history while enjoying modern comforts in this extraordinary property that seamlessly blends heritage with contemporary amenities. This isn't just a home—it's a proven income-producing investment with a rare natural hot spring that sets it apart from any other mountain property. Property Overview Historic Foundation with Modern Upgrades Original 1830 Hand-Cut Log Cabin: Authentic craftsmanship preserved throughout with thoughtful integration of a 1975 addition 5 Spacious Bedrooms: Perfectly configured for guests or family living 3.5 Bathrooms: Including additional basement shower for convenience Beautiful Modern Hickory Kitchen: Updated for today's lifestyle Working Wood Fireplace: Creating cozy mountain evenings Recent System Upgrades 34 brand-new replacement windows Central air conditioning (less than 5 years old) 80-gallon water heater (2 years old) Updated electrical and plumbing systems Multiple heat sources with propane backup (works without electricity) Professional waterproofing system and French drain in basement Mini-split system for guest apartment All utilities including public water and sewer Annual termite treatment program maintained Natural Hot Spring & Outdoor Features Rare Natural Amenity Natural hot spring flowing on property—a unique and valuable feature Hot tub and outdoor entertaining spaces Breathtaking mountain vistas from multiple vantage points 1.45 scenic acres in Virginia's mountain country Privacy and tranquility while remaining accessible Storage & Parking Extensive Infrastructure Parking for 15+ vehicles on gravel surfaces Large garage/cellar (1,140 sq ft) Attached garage (1,064 sq ft) Electrical service to garages for workshops or storage Proven Income Performance Current Financial Success 2024 Airbnb Revenue: $22,762 from one-bedroom apartment 214 nights booked with average 1.5-night stays $2,468 in tax advantages through Airbnb remittances Turnkey operation: All furniture, licensing, and website convey with sale Strong market demand with consistent bookings and repeat business Investment Valuation Real Estate Appraisal (without income approach): $486,000 Income Approach Valuation for entire property rental: At 6% cap rate: $2,255,700 At 8% cap rate: $1,409,813 Click Here For AIRBNB Information and website Multiple Revenue Opportunities Immediate Options Continue successful Airbnb apartment operation Market natural hot spring as premium amenity Expand to rent additional bedrooms in main house Convert to full Bed & Breakfast with 5-bedroom capacity Future Development Potential Wellness retreat center capitalizing on hot spring's therapeutic benefits Wedding and event venue with mountain backdrop Corporate retreat center Build multiple small houses on cleared lower lot near warm spring (per Zoning Department) Prime Location & Attractions Warm Springs Advantages Down the street from Homestead Omni Ski Resort Walking distance to Downtown Warm Springs Near historic Jefferson Pools (famous healing hot springs) World-class outdoor recreation (hiking, fishing, hunting) Growing wellness tourism market in Virginia's Alleghany Highlands Easy access to major cities while maintaining rural tranquility Investment Highlights Why This Property Stands Out Live in main house while earning consistent income from guest apartment Natural hot spring provides unique competitive advantage Historic designation and tourism growth drive appreciation potential Multiple revenue streams already established Turnkey operation with proven success record Commercial zoning opens doors to endless possibilities Auction Specific, Additional Terms & Conditions Seller Requirements 30-day rent-back period after closing required Financed buyers: Rent equals prorated monthly PITI Cash buyers: Market-rate rent ($2,600-$3,000/month based on comparable 6BR homes) Buyer Responsibilities Recent appraisal cost: $335.00 Recent inspection cost: $675.00 Don't miss your chance to own a piece of Virginia mountain history that pays for itself. Contact Information and Financing Information * If you need Financing with an auction-friendly lender for both investor loans AND homeowner loans, Please CLICK HERE FOR PRE-APPLICATION to start the approval process or call Robert Oberhand at Oberhand Financial 804-965-4806 Public Open Houses will be held Saturday, June 21st, 12-3 PM Friday , July 11th, 11- 1 PM Phil Bonnie (804) 719-4229 pbonnie@dudleyresources.com Your Mountain Legacy Awaits