CHARIS REALTY GROUP

Ranch/Rambler

202 LAKE ARROWHEAD ROAD

LURAY, VA 22835

MLS#: VAPA2006298

$649,000

Status: Active
Listing number: VAPA2006298
Listing provided by: EXP Realty, LLC
Listing agent phone: None
Last update: 15 days ago
On site: 4 months ago
Browse Properties
NONE AVAILABLE - Residential

Property

Beds

3

Full Baths

1

1/2 Baths

1

Year Built

1973

Sq.Footage

1,200

Fully furnished and operating STR, ready day one. Successful vacation rental across from Lake Arrowhead with Build-Ready Expansion Lot. Proven short-term rental, featuring a fully renovated 3-bedroom home on 3.5 private acres, plus an additional 2-acre parcel with 6-bedroom septic approval and active well—ready for immediate development. This 3-bedroom home situated on over 3 private acres just steps from Lake Arrowhead. This proven short-term rental performer offers an ideal combination of prime location, privacy, and guest-friendly amenities in one of the Shenandoah Valley’s most desirable vacation markets. The property’s close proximity to the lake—just a short walk—makes it especially attractive to guests seeking easy access to fishing, kayaking, and outdoor recreation. The home features a modernized interior with updated finishes, a functional layout for groups, and a private back porch that enhances the guest experience. This house is set on an expansive 3.5 acres of serene beauty. With an open sunlit backyard with beautiful shaded sunlight. The perfect place to relax in a hammock or read a book by the babbling brook as the stream runs right on the side of the property. This property delivers a secluded “mountain retreat” but still is conveniently located near downtown Luray and major attractions, including Shenandoah National Park and Luray Caverns—key drivers of year-round tourism demand. With strong appeal to families and outdoor enthusiasts, this property is well-positioned for continued short-term rental success. Ideal for investors seeking a low-maintenance, high-demand vacation rental or a personal getaway with income potential. This property also includes acreage directly across the street, which is even closer to the lake for future opportunity to grow your investment portfolio and increase your return of income. This additional acreage is 2 acres, for a total 5.5 acres. Not only is the additional lot of 2 acres included in this sale, but it also already has a 6 bedroom septic permit on file with the county and an active well. READY to BUILD! All you have to do is bring your vision!

Features & Amenities

Interior

  • Other Interior Features

    Recessed Lighting, Kitchen Island, Open Floorplan

  • Total Bedrooms

    3

  • Bathrooms

    1

  • 1/2 Bathrooms

    1

  • Above Grade Finished Area

    1200.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    None, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Heat Pump

  • Main Level Bedrooms

    3

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Vinyl Siding

  • Parking

    Gravel, Off Street, Circular Driveway, Driveway

  • Pool

    No

  • Waterfront YN

    NO

  • View

    Mountain(s), Trees/Woods, Panoramic

Area & Lot

  • Lot Features

    Wooded, Cul-De-Sac, Level, Private

  • Lot Size(acres)

    5.5

  • Lot Size(square feet)

    239,580

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Ranch/Rambler

Price

  • Sales Price

    $649,000

  • Tax Amount

    $933

  • Sq. Footage

    1,200

  • Price/SqFt

    $540

HOA

  • Association

    No

Property Resources

  • Horse Property

    NO

School District

  • Elementary School

    LURAY

  • Middle School

    LURAY

  • High School

    LURAY

Property Features

  • New Construction

    NO

  • Foundation Details

    Concrete Perimeter

  • Senior Community YN

    NO

  • Sewer

    Other

  • Tax Lot

    46A

  • Water Source

    Other

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Location

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Elementary School

LURAY

Middle School

LURAY

High School

LURAY

Listing Courtesy of Erin M Kavanagh , EXP Realty, LLC

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Agent Mike Mathis

AGENT

Mike Mathis

Call Mike today to schedule a private showing.

(301) 639-1165

mike@wolfeteam.net


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Fully furnished and operating STR, ready day one. Successful vacation rental across from Lake Arrowhead with Build-Ready Expansion Lot. Proven short-term rental, featuring a fully renovated 3-bedroom home on 3.5 private acres, plus an additional 2-acre parcel with 6-bedroom septic approval and active well—ready for immediate development. This 3-bedroom home situated on over 3 private acres just steps from Lake Arrowhead. This proven short-term rental performer offers an ideal combination of prime location, privacy, and guest-friendly amenities in one of the Shenandoah Valley’s most desirable vacation markets. The property’s close proximity to the lake—just a short walk—makes it especially attractive to guests seeking easy access to fishing, kayaking, and outdoor recreation. The home features a modernized interior with updated finishes, a functional layout for groups, and a private back porch that enhances the guest experience. This house is set on an expansive 3.5 acres of serene beauty. With an open sunlit backyard with beautiful shaded sunlight. The perfect place to relax in a hammock or read a book by the babbling brook as the stream runs right on the side of the property. This property delivers a secluded “mountain retreat” but still is conveniently located near downtown Luray and major attractions, including Shenandoah National Park and Luray Caverns—key drivers of year-round tourism demand. With strong appeal to families and outdoor enthusiasts, this property is well-positioned for continued short-term rental success. Ideal for investors seeking a low-maintenance, high-demand vacation rental or a personal getaway with income potential. This property also includes acreage directly across the street, which is even closer to the lake for future opportunity to grow your investment portfolio and increase your return of income. This additional acreage is 2 acres, for a total 5.5 acres. Not only is the additional lot of 2 acres included in this sale, but it also already has a 6 bedroom septic permit on file with the county and an active well. READY to BUILD! All you have to do is bring your vision!

202 LAKE ARROWHEAD ROAD

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Investment opportunity mixed residential and Restaurant & Lodging Opportunity in the Heart of Luray, Virginia Prime Tourism Location Near Luray Caverns & Shenandoah River. Turnkey restaurant seating up to 140 guests, plus additional lodging opportunities! included in the sale is a 1 BR cabin and a 4 BR home. both cabin and 4 br will require improvements, many improvements have been completed including new roofs, Facia, Soffit, 2 new Hvac systems, Painting, as well as some window and door in the restaurant. Sq ft listed does not include 2 houses and is estimated Located in beautiful Luray, Virginia, just minutes from Luray Caverns, the Shenandoah River, Skyline Drive, Shenandoah National Park, and numerous year-round tourist attractions, this unique property offers tremendous potential for an owner-operator, investor, restaurant group, or hospitality entrepreneur. Restaurant Highlights ✅ Ready for immediate operation ✅ Seating capacity for approximately 140 guests ✅ Excellent visibility and access ✅ Ideal for family dining, events, catering, weddings, tour groups, and seasonal tourism traffic ✅ Positioned in one of Virginia's most popular travel destinations Additional Income Potential Included on the property are: 🏡 1-Bedroom Cabin Perfect for a vacation rental, manager's quarters, or guest accommodations. The cabin requires renovations but offers significant upside. 🏡 4-Bedroom House Spacious home suitable for a residence, employee housing, or short-term rental. The house needs updating and repairs, creating an opportunity to add value. Exceptional Location Just minutes from: • Luray Caverns • Shenandoah River activities • Shenandoah National Park • Skyline Drive • Hiking, fishing, canoeing, and outdoor recreation • Local wineries, shops, and tourist attractions Endless Possibilities Whether you're looking to operate a restaurant, create a destination dining experience, expand into lodging and vacation rentals, or develop a hospitality business in a thriving tourist market, this property offers exceptional potential. Restaurant is operational and ready for business. Lodging structures offer value-add opportunities through renovation and improvement. Opportunity Awaits in Luray, VA Bring your vision and capitalize on the thousands of visitors who come to the Shenandoah Valley each year. Contact us today to learn more and schedule a tour.
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