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Red Hill Bed & Breakfast 294 Freshwater Cove Ln

5 Room Bed and Breakfast Lovingston, VA 22949 $2,900,000 ($580,000/Room) 6.90% Cap Rate

Investment Highlights

  • 37 Picturesque Acres
  • Turn Key Business Opportunity
  • Art Work and Furnishings Convey
  • Brokers Open House only on November 21st from 11-4pm.

Executive Summary

BROKER’S OPEN / 11/21/24 / 11:00am - 4:00pm
Discover Red Hill Bed and Breakfast – A Timeless Escape in Lovingston, Virginia
Nestled on 36 picturesque acres, Red Hill Bed and Breakfast is a captivating colonial home, originally built in 1835 and beautifully renovated in 2021. With approximately 3,340 square feet of luxurious living space, this enchanting estate features oak hardwood floors, a gourmet kitchen, and elegantly appointed rooms adorned with artwork and antique furnishings—all of which convey with the property.
This exceptional offering also includes selling a turnkey business, allowing you to enter a successful operation. Enhancing the appeal, a negotiable 2,280 square foot prefab modular home awaits, featuring four bedrooms, 2.5 baths, an open floor plan, dual heating units, and a spacious back deck. The master suite boasts a huge walk-in shower with grab bars and double vanity sinks, while an outdoor shed adds convenience.
Additionally, the property features a charming 900-square-foot cottage, complete with a full bathroom and kitchen. With horses and farm animals welcome, the expansive grounds provide an ideal environment for animal lovers and those seeking a taste of country living.
As you step onto the grounds, you're greeted by stunning mountain views, rolling hills, and starry skies, creating the ultimate backdrop for romantic getaways, private dinners, weddings, and unforgettable events.
Experience the perfect blend of Victorian charm and modern comfort in a serene setting where every corner radiates tranquility. Make your dreams a reality at Red Hill, where luxury meets history in the heart of Virginia.

Property Facts

Price $2,900,000
Price Per Room $580,000
Sale Type Investment
Cap Rate 6.90%
Property Type Hospitality
Property Subtype
Bed and Breakfast
Building Class B
Lot Size 35.07 AC
Building Size 4,066 SF
No. Rooms 5
No. Stories 2
Year Built/Renovated 1835/2021
Parking Ratio 2.46/1,000 SF
Corridor Interior

Amenities

  • High Speed Internet Access
  • Patio
  • Bed & Breakfast
  • Wedding Venue
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 5 $260.00 -

zoning

Zoning Code B2
B2
  • Listing ID: 33436325

  • Date on Market: 10/7/2024

  • Last Updated:

  • Address: 294 Freshwater Cove Ln, Lovingston, VA 22949

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