12509 Sam Snead Hwy Warm Springs, VA 24484
Estimated payment $1,871/month
Highlights
- Hot Property
- Scenic Views
- Wood Burning Stove
- Home fronts a creek
- Deck
- Wood Flooring
About This Home
This income-producing property is being sold through a virtual auction on the listing company website. The list price does not reflect the final sale price. The online, non-contingent auction sale ends July 30th at 2 p.m. A 10% buyer's premium applies to the final bid price. The property is being sold as is, where is. Please review the terms and the Comprehensive Due Diligence Packet on the company website and for registration: The seller is accepting pre-auction offers. Public open houses will be Saturday, June 21st, from 12-3, and Friday, July 11, from 11-2. ***A Rare Mountain Investment Opportunity: Historic Estate with Natural Hot Spring Step into nearly 200 years of history with this extraordinary property that seamlessly blends heritage with modern luxury and proven income potential. This isn't just a mountain retreat-it's a sophisticated investment anchored by nature's rarest amenity: a natural hot spring. ***Historic Foundation Meets Modern Excellence The authentic 1830 hand-cut log cabin, thoughtfully expanded in 1975, features five spacious bedrooms and 3.5 bathrooms with a stunning modern hickory kitchen. Recent comprehensive upgrades include 34 new windows, dual zoned central air conditioning, updated electrical and plumbing systems, and professional waterproofing, representing improvements that ensure long-term reliability. ***The Crown Jewel: Natural Hot Spring! This rare geological feature creates an unassailable competitive advantage in hospitality markets. Natural hot springs are among the earth's rarest amenities, commanding premium pricing and occupancy rates that conventional properties cannot achieve. Combined with breathtaking mountain vistas across 1.45 scenic acres, this creates an irreplaceable market position. ***Proven Financial Performance 2024 Airbnb revenue of $22,762 from just one bedroom apartment, with 214 nights booked and $2,468 in tax advantages. This turnkey operation includes all furniture, licensing, and an established website. Professional appraisal establishes a baseline value at $486,000, while income approach valuations suggest potential worth of $1.4-2.3 million when fully leveraged. **Multiple Revenue Opportunities Continue successful Airbnb operations, expand to full five-bedroom B&B, develop a wellness retreat center, or create wedding venue. Local zoning permits multiple small houses near the warm spring, offering subdivision potential. The natural hot spring validates premium pricing across all hospitality models. ***Strategic Location Advantages Located near prestigious Homestead Omni Ski Resort and historic Jefferson Pools, the property captures Virginia's growing wellness tourism market while maintaining easy access to major cities. World-class outdoor recreation and established tourist traffic provide year-round demand. ***Investment Highlights Live in the main house while earning consistent income from guest operations. Extensive infrastructure includes parking for 15+ vehicles and over 2,200 square feet of garage/storage space. The combination of natural rarity, historic significance, proven performance, and unlimited potential creates an investment opportunity that sophisticated buyers recognize as genuinely exceptional. This convergence of irreplaceable natural amenities, historic character, and established profitability represents a once-in-a-lifetime acquisition opportunity in Virginia's mountain country.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,841
Year Renovated
- 1975
Lot Details
- 1.45 Acre Lot
- Home fronts a creek
- Landscaped with Trees
Parking
- 2 Car Detached Garage
Property Views
- Scenic Vista
- Mountain
Home Design
- Cabin
- Frame Construction
- Metal Roof
- Asbestos Siding
Interior Spaces
- 3,601 Sq Ft Home
- 2-Story Property
- 1 Fireplace
- Wood Burning Stove
- Entrance Foyer
- Family Room
- Living Room
- Breakfast Room
- Dining Room
- Den
- Bonus Room
Kitchen
- Oven
- Microwave
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- En-Suite Primary Bedroom
Laundry
- Dryer
- Washer
Partially Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Outdoor Features
- Deck
- Covered patio or porch
- Separate Outdoor Workshop
- Shed
- Outbuilding
Utilities
- Forced Air Heating and Cooling System
- Cooling System Mounted To A Wall/Window
- Heating System Uses Oil
- Heating System Uses Propane
- Heating System Uses Wood
- Heat Pump System
- Radiant Heating System
- Water Heater
Listing and Financial Details
- Auction
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $1,841 | $306,800 | $120,000 | $186,800 |
| 2023 | $1,841 | $306,800 | $120,000 | $186,800 |
| 2022 | $1,687 | $306,800 | $120,000 | $186,800 |
| 2021 | $1,713 | $311,500 | $114,000 | $197,500 |
| 2020 | $0 | $311,500 | $114,000 | $197,500 |
| 2019 | $1,558 | $311,500 | $114,000 | $197,500 |
| 2018 | $1,558 | $311,500 | $114,000 | $197,500 |
| 2017 | $1,558 | $311,500 | $114,000 | $197,500 |
| 2016 | -- | $462,500 | $114,000 | $348,500 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
| 2012 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | Price Changed | $310,000 | +37.8% | $86 / Sq Ft |
| 06/09/2025 06/09/25 | For Sale | $225,000 | +7.1% | $62 / Sq Ft |
| 04/29/2013 04/29/13 | Sold | $210,000 | +5.0% | $58 / Sq Ft |
| 03/21/2013 03/21/13 | Pending | -- | -- | -- |
| 03/11/2013 03/11/13 | For Sale | $200,000 | -- | $56 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $211,300 | Old Republic Natl Ttl Ins Co | |
| Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $205,500 | New Conventional | |
| Closed | $200,735 | New Conventional | |
| Previous Owner | $423,000 | Commercial |
Source: My State MLS
MLS Number: 11513503
APN: 63A1 1 15
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