Chautauqua Heights Manor & Cottage

Mayville, New York
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USD $1,750,000
Asking Price
11
Guest Rooms
9
Baths

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Property Overview

Historic Chautauqua Heights Manor sits on a private 21-acre estate located in the heart of Chautauqua County in Western New York, just minutes from Chautauqua Institution and Chautauqua Lake. The Manor features 9 formal bedrooms + 2 additional bedrooms located in The Cellar apartment beneath The Manor, 8 bathrooms, 4 gourmet kitchens/kitchenettes, 3 large dining rooms, 9+ entertaining areas, a lovely library, 2 spacious covered porches & too many “flex” spaces to list. The 1,464 sq. ft. 3-bed/2-bath Cottage is ideal for owners to live on-site while enjoying the privacy of a separate home.


Property Description

1880
Year Built
7,963
Sq Ft
No Restaurant
Owners Quarters

Whether you're looking to enjoy the quiet solitude of an upscale lake view retreat with friends and family, desire to generate income by hosting elegant weddings, events, corporate retreats & getaways, or wish to combine the best of both worlds as a luxury bed and breakfast locale, Chautauqua Heights Manor is designed for year-round enjoyment both as a private residence and an income-generating property.


Business Summary

51%
Occupancy Rate
$18,300
Revenue Per Room
$100
Average Daily Rate
$250,000
Gross Revenue
7 x
Gross Revenue Mulitplier

Chautauqua Heights Manor is currently operating very successfully as a luxury Airbnb and elegant event/wedding venue, and while ideally suited to continue in that regard, it also has extreme income potential as a traditional bed and breakfast. With multiple high-end kitchens, historical charm, and ample potential for shared gathering spaces throughout the main Manor house.
The average nightly rate and revenue per room reflect a mock-up if run as bed and breakfast. This is not the current business model but is based on current income and revenue.


Location

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