The Plattus Castle

Wirtz, Virginia
www.vrbo.com/721031
www.seetheproperty.com/250175
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Property Type
Bed & Breakfast / Inn
Guest Rooms
5
Baths
6
Restaurant
No
Owners Quarters
Yes
Asking Price
$1,295,000

Occupancy Rate
40%
Average Daily Rate
$44
Gross Revenue
$160,385
Gross Revenue Multiplier
8

Property Overview

TURNKEY: “The Plattus Castle” is an extraordinary, 7,087 s.f. French Chateau home built by Dale E. Angle. This private estate consists of 5.76 acres, with almost 1500' of shoreline on Smith Mountain Lake.


Property Description

The Plattus Castle is surrounded by water on three sides with lake views from nearly every room. Wake up to breathtaking sunrise views from the kitchen and dining area. The amenities are extensive, and include an outdoor pool overlooking the lake, indoor hot tub, exercise room, wet bar, fully equipped arcade with pool table, and a library with fireplace. All personal property will convey with purchase to ensure an uninterrupted rental schedule. Great location near Westlake Corner with amenities and entertainment, and close to state and national parks, wineries and recreation.


Business Description

The Plattus Castle is one of the most requested rentals at Smith Mountain Lake (per seller) and has consistently generated over $150,000 in rental income the last two years. Rated 4.9/5 stars on VRBO.com/721031 with 49 reviews. The property has a designated property manager and contractors for groundskeeping. Income reports provided per request. Turnkey, and all personal property conveys with sale.


Reason for Selling

The seller lives on the west coast with distance being the primary factor.


Terms & Asking Price

Turnkey sale includes real estate, furnishings, fixtures, equipment, and VRBO account.