Eagles Nest Inn

Langley, Washington
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USD $1,125,000
Asking Price
5
Guest Rooms
6
Baths

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Property Overview

The Eagles Nest Inn has 5 unique bedrooms, one of which can be used for the owner's suite that has a 5-piece bathroom and walk-in closet. 3 bedrooms have a 3/4 bath, 2 have full baths, and the main floor has a half bathroom. Within a short walk to over 700 acres of protected forest with miles of trails. Long walk or short drive to the popular tourist destination, downtown Langley. Prior owner successfully ran the inn as a bed and breakfast for over 25 years.


Property Description

1987
Year Built
5,320
Sq Ft
No Restaurant
Owners Quarters

Perched atop a hill with beautiful water and mountain views, this three-story octagonal home was designed and built to provide a unique and unforgettable guest experience. From the main level to the Eagle's Nest, each bedroom has an ensuite bathroom and private deck. The lower level bedroom can be accessed via the driveway, which makes for a perfect potential ADA room with some modifications to the bathroom. It is also one of the largest bedrooms in the house, and has the potential to add a kitchenette or additional beds to host a family. There is a 2-car garage and a very large workshop/storage area in the basement that can store all of your seasonal decorations and tools needed for maintaining the property out of the guests sight. Adventure seeker guests (and owners!) will love the direct access to nearly 700 acres of protected forest (Metcalf Trust/Putney & Saratoga Woods) which hosts Whidbey’s premier hiking and mountain biking trails. The home and grounds exude privacy and tranquility, and the two-story great room (with murals by a local artist) opens onto a vast cedar deck ideal for guests to relax and socialize on. The second floor library has a small wet bar area and a reading nook with large windows that look to the forest. To top it all off, downtown Langley restaurants, wineries, and shops are just a few minutes away! For more photos and floorplans, please visit the property website linked in the top right corner!


Business Summary

60%
Occupancy Rate
$133,900
Gross Revenue

Numbers are from Vacasa (an AirBnB management company that is popular on Whidbey) and are a gross revenue estimate based on low owner use and 60% occupancy. Numbers range from $62,400-$133,900 at 40-60% occupancy and other factors. Listing agent can share that estimate via email if requested, along with other documents for the home. Current owners used it as their primary residence only, they do not have the business license. They would rent the lower level room on AirBnB every now and then for additional income. Listing agent can share that estimate via email if requested. 5 bedroom septic was recently inspected and is good to go. Unlike many homes on Whidbey, this is a true 5 bedroom septic and built to handle high occupancy. 2 of the 3 water heaters were replaced recently, as was the furnace. Mechanical room has an UV water filtration system, sub-panel for easy generator plug-in in case of power outage, and houses the batteries for the back-up lights located around the home. The third water heater is for the guest room that has a jetted tub, allowing guests to use the tub without draining hot water from the rest of the property. Tile roof was recently cleaned and ready for many more years of use. There are extra tiles in the basement workshop in case a repair is needed down the road. Slab on grade ensures no crawlspace headaches to deal with.


Reason for Selling

Sellers are building a home on the family winery/farm a few miles away.


Terms & Asking Price

Cash or conventional loan. Seller is offering a large closing cost credit that can help buy down your interest rate, or be used as a carpet credit.


Location

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