$8,500,000
UNDER CONTRACT

0 None Unit 660498 Luray, VA 22835

Estimated payment $45,399/month

Total Views 35,339
348 Acres
$24,425 Price per Acre
15,158,880 Sq Ft Lot

About This Lot

Extraordinary chance to own one of Shenandoah Valley’s most stunning properties. 348 acres in the Blue Ridge Mtn foothills in historic Luray, VA, including the Caverns Country Club & surrounding Oh Shenandoah homesites. With over 1.25 miles of frontage on the Shenandoah River, enjoyment & opportunities abound. Caverns Country Club is an operating 18-hole par-72 golf course & 3900 sqft clubhouse. The parkland-type setting has gently-rolling fairways and incredible vistas of the nearby mountain ranges. Infrastructure includes a comprehensive irrigation system and maintenance barn. Oh, Shenandoah offers a residential development opportunity w/ 100+ county-approved lots. Current zoning will accommodate single-family, multi-family, and age-restricted housing; camps & campgrounds; outdoor recreation; and more. The land would also lend itself to various future uses & redevelopment. Re-imagined, it and would be an excellent site for a resort or lodging operation. 90 mins from Washington, DC; less than 15 miles from I-81. This property has excellent access to travel corridors, area attractions, and national parks. Nearby conveniences include grocery, pharmacy, restaurants, a public use general aviation airport, and more just minutes away.

Listing Agent

Ronda Pearl

FRANK HARDY SOTHEBY'S INTERNATIONAL REALTY License #0225219194 Listed on: 02/02/2025

Co-Listing Agent

CHRIS SUTTON

CORE REAL ESTATE LLC License #0225239155

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,253

Lot Details

  • 348 Acre Lot

Schools

  • Luray Elementary And Middle School
  • Luray High School

Utilities

  • Private Water Source
  • Well

Property Details

Property Type

Land

Est. Annual Taxes

$8,253

Lot Details

348 Acres

Listing Details

  • Property Type: Land
  • Property Sub Type: Other
  • LotSizeAcres: 348.0
  • Co List Office Mls Id: 607
  • Co List Office Phone: 434-466-6566
  • Subdivision Name: NONE
  • PreviousStandardStatus: Active
  • Special Features: UnderContract

Interior Features

  • Possible Use: Commercial, Multi-Family, Residential, Recreational

Utilities

  • Utilities: Cable Available
  • Sewer: Septic Tank
  • Water Source: Private, Well

Schools

  • Elementary School: Luray
  • Middle Or Junior School: Luray

Lot Info

  • Zoning Description: R Residential

Tax Info

  • Year: 2022
  • Tax Annual Amount: 8253.0

MLS Schools

  • HighSchool: Luray

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2025 02/02/25 For Sale $8,500,000 -- --
Source: Charlottesville area Association of Realtors®

Source: Charlottesville area Association of Realtors®

MLS Number: 660498

Charlottesville area Association of Realtors®
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