$2,500,000

123 Luttie Banner Dr Castlewood, VA 24224

Estimated payment $14,177/month

Total Views 11,280
4 Beds
3 Baths
2,913 Sq Ft
$858 Price per Sq Ft

Highlights

  • Barn or Stable
  • Waterfront
  • Ranch Style House
  • Built-In Refrigerator
  • Hilly Lot
  • Wood Flooring

About This Home

This 224 acre property will be sold for the first time since the days of Colonial America. Originally granted by the King of England to the Banner family, this land has remained in continuous ownership for over 300 years — a true testament to its legacy and timeless appeal. Nestled in the heart of Castlewood, Virginia, this remarkable property offers over a mile of pristine frontage along Clinch River. Known for its rich heritage, friendly community, and stunning natural beauty, Castlewood is an outdoor lover’s paradise offering easy access to fishing, kayaking, hiking, and the scenic byways of Southwest VA. With a welcoming small-town atmosphere and proximity to larger towns like Abingdon and Kingsport, Castlewood provides the perfect balance of rural tranquility and modern convenience. The land itself is truly special: approximately 90% is open, fenced pastureland, ideal for livestock. About 80 acres are dedicated to thriving hay fields, maintaining the farm’s agricultural roots. Several historic outbuildings still stand proudly, including two original log structures believed to be over 300 years old, and a barn. The centerpiece of the property is the beautifully renovated 1925 farmhouse, blending classic charm with modern luxury. It has county water and a 283' deep private well. Updates include gleaming stainless steel appliances, a Samsung smart refrigerator, a double oven, and an additional wall-mounted oven — perfect for entertaining. Every inch of the home has been thoughtfully restored, preserving its soul while ensuring contemporary comfort. This property offers incredible flexibility for the next owner: farm the land, develop a stunning riverfront community, or hold it as an investment. All water and mineral rights will convey. Opportunities like this are exceedingly rare. Whether you're drawn by its historic significance, its agricultural potential, or its investment possibilities, this property is a legacy waiting for its next steward.

Berkshire Properties

Listed on: 06/05/2025

Listing Provided By

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,114

Lot Details

  • Waterfront
  • Fishing include bass, catfish, trout, walleye, sunfish
  • Wood Fence
  • Level Lot
  • Hilly Lot
  • Few Trees
  • Current uses include agriculture, grazing, hunting/fishing, residential single, homestead
  • Potential uses include agriculture, dairy, equine, grazing, hunting/fishing, residential single, hobby farm, homestead

Home Design

  • Ranch Style House
  • Metal Roof
  • Siding

Interior Spaces

  • Ceiling Fan
  • Gas Log Fireplace

Kitchen

  • Built-In Microwave
  • Built-In Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Covered patio or porch
  • Outdoor Storage

Farming

  • Pasture
  • Fenced For Cattle

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Barn or Stable

Utilities

  • Heat Pump System

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,114

Lot Details

0

Listing Details

  • Bedrooms: Beds: 4
  • BathsCombined: 3
  • Office Phone: 276-329-1738
  • Listing Website: https://www.land.com/property/123-luttie-banner-dr-castlewood-virginia-24224/23761809/
  • Property Type: Residential
  • Property Sub-Type: Single-family Detached
  • Offered By: LandNetwork
  • Outside Features: Covered Porch(es), Fenced for Cattle
  • Potential Use: Agriculture, Dairy, Equine, Grazing, Hunting/Fishing, Residential Single, Hobby Farm, Homestead
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Attic: No
  • Disability Access: No
  • Floor Material: Carpet, Laminate, Wood Floor
  • Sprinklers: No
  • Appliances: Built-in Microwave, Built in Refrigerator/Freezer, Dishwasher, Double Oven
  • Ceiling Fan: True
  • Full Bathrooms: 3
  • Interior Features: Granite/Granite Type Cntrtop, Island
  • Fireplace Type: Gas Logs

Exterior Features

  • Exterior: Siding
  • Roof: Metal
  • Porch: True
  • Waterfront: True
  • Road Description: Asphalt
  • Other Structures: Stable/Barn, Storage Building
  • Fencing: Wood

Utilities

  • Heating: Heat Pump

Lot Info

  • Current Use: Agriculture, Grazing, Hunting/Fishing, Residential Single, Homestead
  • Lot Description: Acreage, Horses Permitted, Pasture, Waterfront/Riverfront, Some Trees, Hilly, Level, Rolling, Sloped, Varied
  • Fish: Bass, Catfish, Trout, Walleye, Sunfish

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,114 $710,500 $484,300 $226,200
2024 $3,210 $509,600 $350,500 $159,100
2023 $3,210 $509,600 $350,500 $159,100
2022 $1,563 $509,600 $350,500 $159,100
2021 $1,563 $509,600 $350,500 $159,100
2020 $3,210 $509,600 $350,500 $159,100
2019 $1,563 $509,600 $350,500 $159,100
2018 $1,185 $188,100 $89,000 $99,100
2017 $1,185 $188,100 $89,000 $99,100
2016 $1,387 $610,000 $510,900 $99,100
2015 -- $610,000 $510,900 $99,100
2012 -- $431,900 $280,900 $151,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2025 05/12/25 For Sale $2,500,000 -- $858 / Sq Ft

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Similar Home in Castlewood, VA

  • 123 Luttie Banner Dr, Castlewood, VA 24224

    $2,500,000

    • 4 Beds
    • 3 Baths
    • 2,913 Sq Ft
    • 123 Luttie Banner Dr
    • Castlewood, VA

    This 224 acre property will be sold for the first time since the days of Colonial America. Originally granted by the King of England to the Banner family, this land has remained in continuous ownership for over 300 years — a true testament to its legacy and timeless appeal. Nestled in the heart of Castlewood, Virginia, this remarkable property offers over a mile of pristine frontage along Clinch

    Keith Clark BHHS- Mountain Sky Properties-Hillsville

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Virginia Russell County Castlewood 24224

123 Luttie Banner Dr, Castlewood, VA

This home is located at 123 Luttie Banner Dr, Castlewood, VA 24224 and is currently priced at $2,500,000, approximately $858 per square foot. 123 Luttie Banner Dr is a home located in Russell County with nearby schools including Copper Creek Elementary School, Castlewood Elementary School, and Lebanon Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Listing Agent
Berkshire Properties
(276) 329-1738