For Sale

More About This House

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