tomo logo

$1,699,000

Beds
4
Baths
2.5
sq ft
3,877

1381 US Highway Bsn 340, Luray, VA 22835

1381 US Highway Bsn 340

LURAY, VA 22835

  • 43 days on market
Spectacular Shenandoah Valley Wedding and Event Venue for Sale! Welcome to an extraordinary opportunity to own and operate the Shenandoah Valley Wedding and Event Venue, a thriving business set against the breathtaking backdrop of Shenandoah National Park and Massanutten Mountain. This vintage 1830s home offers a unique blend of historic charm and modern amenities, perfect for hosting unforgettable weddings and events. Key Features: Historic Home: This beautiful 1830s residence provides elegant facilities for wedding parties, including overnight accommodations, a rehearsal dinner space, and a pool house/groom's cottage for the groom's party. The property's historic remnants serve as picturesque backdrops for memorable wedding and event photography. Banquet Hall: The venue includes a banquet hall with approved permits from Page County for up to 299 occupants. Enhanced septic infrastructure and ample parking ensure smooth operations for large gatherings. Spectacular Views: Guests will be enchanted by the stunning views of Shenandoah National Park and Massanutten Mountain, adding natural beauty to every event. Bookings and Transition: Overnight bookings are scheduled to end in June 2025., which means owner occupancy of the home could commence as soon as July 2025. The venue has daily event bookings for 2025-2026, providing a steady stream of business that must be honored. The sellers are open to discussions regarding a transition agreement to ensure a seamless handover. Additional Parcel: The property includes an extra parcel from a former poultry farm, featuring its own driveway, electric service, and two wells. This offers numerous expansion possibilities for entrepreneurial minds. Vineyard Potential: With three rows of grape vines almost ready to fruit, there is potential for vineyard expansion or the creation of a boutique winery. Airbnb/B&B Options: The venue's proximity to popular attractions such as Luray Caverns, Shenandoah River, and Skyline Drive makes it an ideal location for Airbnb or Bed & Breakfast ventures. Don't miss this rare chance to own a turnkey wedding and event venue with everything needed to plan and execute successful events. Contact us today to explore this incredible opportunity and take the first step towards owning a piece of Shenandoah Valley history while running a profitable business! Please do not tour without an appointment. This is an operating business. Do not disturb business, owners, or events. All tours through listing agent by appointment only. Likely tour days restricted to Tuesday, Wednesday, and Thursday. Also includes parcels - 51 A 80, and 51 A 82A

Details

Property type

Single Family Residence

Est. home value

$1,734,170

Lot size

7.0 acres

Price per sq ft

$439

Year built

1820

Annual property taxes

$5,801

HOA

No

Price History

01/20/2025
Bright

Bright #VAPA2004370

Listed
$1,699,000
-2.91%
08/14/2024
Bright

Bright #VAPA2002792

Removed
$1,750,000
10/15/2023
Bright

Bright #VAPA2002792

Listed
$1,750,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

PAGE COUNTY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Pnc Mortgage Llc

Loan start date

March 2011

Original loan amount

$394,800

Est. remaining balance

$286,739

Interest rate

5.5%

Loan type

New Conventional, 30 year

Seller

Wesley R Grieve and Christine L Grieve

Lender

Suntrust Bank

Loan start date

March 2008

Original loan amount

$29,000

Est. remaining balance

Not provided

Interest rate

5.19%

Loan type

Credit Line (Revolving)

Seller

Wesley R Grieve and Christine L Grieve

Lender

National City Bank Of Indiana

Loan start date

May 2006

Original loan amount

$300,000

Est. remaining balance

$179,959

Interest rate

6.37%

Loan type

New Conventional, 30 year

Seller

Wesley R Grieve and Christine L Grieve

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/03/2025 at 11:10 PM

Listing updated: 01/20/2025 at 4:09 PM

Listed by: Edward A. Martin, Keller Williams Realty/Lee Beaver & Assoc. Phone #: (703) 330-2222

MLS: Bright #VAPA2004370

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