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Corby Hicks

corby@corbyhicks.com +1(804) 937-7540

$ 2,499,000

Est. payment -/mo

Save

Active

1076 Overlook DR Rileyville, VA 22650

2 Beds

2 Baths

1,080 SqFt

UPDATED:

01/27/2025 09:37 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,080 sqft

Price per Sqft $2,313

MLS Listing ID 2432280

Style Bungalow,Cottage

Bedrooms 2

Full Baths 2

Construction Status Actual

HOA Y/N No

Year Built 2015

Annual Tax Amount $1,533

Tax Year 2024

Lot Size 3.210 Acres

Acres 3.21

Property Sub-Type Single Family Residence

Property Description

Breathtaking Views & Superb Cash-Flow! This turnkey Blue Ridge Mountain Short-Term Rental Portfolio includes a RARE collection of SEVEN cash-flowing Cabins! All within a ¼ mile stretch at the top of a scenic mountain backing up to Shenandoah National Park; each cabin showcasing panoramic Shenandoah Valley vistas that keep guests booking year-round!

$450,000+ annual revenue and $300,000+ NET Operating Income! Established rental portfolio website included. Great opportunity to self-manage; or enroll professional management to just send you the mailbox money.

Cabins range from cozy 1-bedroom havens to spacious multi-bedroom retreats, all expertly positioned to maximize views and privacy. Located less than 2 hours from Washington DC and AND Richmond, these cabins serve a thriving vacation market with proven demand.

Exceptional features include hiking trails, proximity to Skyline Drive, and easy access to the Shenandoah River and Luray Caverns. This portfolio presents a unique opportunity to acquire an established, high-performing STR business with immediate cash flow in one of Virginia's most desirable vacation destinations.

Two additional new cabins coming in 2025 offer built-in expansion potential! Don't miss this opportunity to own your own Mountain Paradise … a premium STR portfolio with proven financials and exceptional growth potential! Excellent 1031 Acquisition. Offering Memorandum with individual cabin details, including financials, available upon request.

Location

State VA

County Page

Area 244 - Page

Rooms

Basement Full

Interior

Heating Electric, Heat Pump

Cooling Heat Pump

Flooring Wood

Exterior

Exterior Feature Deck, Hot Tub/Spa, Porch

Fence None

Pool None

Roof Type Composition,Shingle

Porch Rear Porch, Deck, Porch

Garage No

Building

Lot Description Wooded

Story 1

Sewer Septic Tank

Water Well

Architectural Style Bungalow, Cottage

Level or Stories One

Structure Type Drywall,Frame,Vinyl Siding,Wood Siding

New Construction No

Construction Status Actual

Schools

Elementary Schools Springfield

Middle Schools Luray

High Schools Luray

Others

Tax ID 17-3-86

Ownership Corporate

Special Listing Condition Corporate Listing

Listed by Real Broker LLC