Nature's Spa & Income Stream: Completely Renovated 1830 Log Cabin with Hot Spring
Warm Springs, Virginia
Property Overview
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.
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
This property is being sold via auction. The auction closes July 15th @ 2:00PM EST. Visit www.dudleyresources.com for more information and to register to bid.
Natural Hot Spring & Outdoor Features
-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
Features:
-
Historic
-
Waterfront
-
Wedding Venue
Lifestyle:
-
Fishing
Business Description:
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)
Terms of Sale:
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
Summary of Terms and Conditions:
Buyer’s Premium: 10% Buyers Premium added to the highest bid.
Deposit Amount: At the Fall of the Hammer, the credit card used to register your account will be charged the initial deposit or escrow amount of $2500 or 10% of the high bid, if less than $2500. The remaining balance of the 10% buyer's premium is due within 3 days from the close of the auction; payable by cashier's check or bank wire
Broker Co-op: Up to 1.5% of the high bid may be paid to a properly registered broker/agent at settlement.
Closing: 30-day closing, As-Is, no contingencies.
Agency Disclosure: Dudley Auctions is acting as auctioneer/agent and is agent for the seller only.
Disclaimer: Information contained herein is believed to be correct to the best of Dudley Auctions’ knowledge, but it is the sole responsibility of each Bidder to inspect and verify all information pertaining to the property. This property is subject to sale prior to the auction event and may be withdrawn, modified, or canceled at any time without notice.
Tim Dudley (Broker)
7572881854
Dudley Resources
MLS:
918094
Sq Ft:
3,061
Acres:
1
Year Built:
1830
Last Renovated:
2021
Years in Business:
2021
MLS:
