390 Saddleback Knl - Residential Income FOR SALE


Nellysford, VA 22958
$1,500,000 USD
804-709-1954
390 Saddleback Knl, Nellysford, VA for Sale
$1,500,000 USD
Residential Income - FOR SALE
1/95
null | Request Cap Rate

390 Saddleback Knl
Nellysford, VA 22958


HIGHLIGHTS

  • top tier airbnb in Wintergreen, Va with YEAR ROUND Resort Amenities and Champion Gold course, skiing, lake, breweries, hiking, pool
  • average $257,000 a year revenue. 2023-2025 $750,000 in rental revenue with $129,000 on the rental books so far for the remainder of the year (see P&L)
  • can come fully furnished
  • Property management team can come with it for turnkey rental operations
  • sleeps 16-25 people
  • buildable lot

OVERVIEW

Property is being sold through a Virtual Auction on listing company website at www.dudleyresources.com. List price does not reflect final sale price. There is a 10% buyers premium. Property will convey AS-IS outside any lender-required repairs. Virtual auction ends August 28th @ 12 PM This property will be sold in a multi-parcel ("multi-par") format, giving buyers the flexibility to acquire the whole estate, the residence only, or the land only. Bidders may bid on an individual tract or on the entirety. A Blue Ridge Estate That Lives Beautifully — and Performs Exceptionally Welcome to Stoney Creek at Wintergreen, where refined Blue Ridge mountain living meets documented, high-performing short-term rental income. Ideally positioned minutes from Wintergreen Resort's ski slopes and championship golf, close to the region's renowned vineyards, breweries, and restaurants, near Lake Monocan's beach and swimming area, and approximately 45 minutes from Charlottesville, this estate offers a rare combination of privacy, scale, lifestyle appeal, and proven financial performance. Beyond its investment appeal, the property is equally well-suited as a second home, family retreat, or future retirement residence. Buyers may retain the existing professional management team for seamless rental operations, with 16 reservations ($129,000 ) already booked on the calendar. The property can also be conveyed furnished, with furnishings available for separate purchase. Estate Overview Scale, Privacy, and Turn-Key STR Design Set in the sought-after Stoney Creek section of Wintergreen, this custom contemporary mountain estate (built 1992) has been designed and updated to support large-group accommodations, luxury entertaining, and turn-key short-term rental operations. At 9,935± total square feet, the residence offers 7 bedrooms, 6 full and 3 half baths, and as many as 10 rooms configured to sleep guests — accommodating 16-25 + guests — across three expansive levels. That scale places it firmly in the top tier of Wintergreen-area short-term rentals, where demand for large, amenity-rich homes consistently outperforms smaller inventory. Standout spaces include a movie/theater room, basement game room, rec room, sunroom, coffee/wet bar, dedicated office, loft, breakfast nook, and mudroom, along with multiple laundry areas — purpose-built for hosting large groups. Prime Location & Wintergreen Lifestyle Owners and guests enjoy year-round access to golf, tennis, biking and hiking trails, swimming, skiing, and full year-round maintenance services through the Wintergreen community. Stoney Creek is one of the area's premier developments, offering resort-caliber amenities just minutes from the slopes, the golf clubhouse, and Nelson County's celebrated wineries and breweries. Proven Short-Term Rental Performance A Stabilized, Income-Producing Asset — Not a Speculation This is not a speculative opportunity. The property is an established, top-performing short-term rental with a verifiable operating history and documented results (full P&L provided in the auction documents), not a pro-forma projection. Documented Rental Performance (P&L Provided): Total Gross Rental Revenue (2023–2025): ˜ $750,497 Net Operating Income (2023–2025): ˜ $420,013 Already booked for the remainder of 2026 (Jul–Dec): ˜ $129,465 across 16 confirmed reservations Airbnb Rating: 4.97 stars across 76 reviews, reflecting consistent guest satisfaction and repeat demand Click Here for The AIRBNB LISTING Wanderer.com Rating: 5.0 Stars across 142 reviews, reflecting consistent guest satisfaction and repeat demand Click Here for the Wander.com Listing Strong year-round occupancy driven by skiing, golf, wine country, hiking, and regional tourism Annual Financial Performance Year Gross Rental Revenue Net Operating Income Average Daily Rate 2023 $277,904 $161,610 $1,943 2024 $229,250 $124,276 $1,777 2025 $243,343 $134,127 $1,947 2026 (YTD + Forecast) $278,561 $160,381 $2,444 Figures from the owner's P&L (2023–2025 actuals; 2026 year-to-date plus forecast). Rate and revenue variability reflect seasonality and ongoing rate optimization; higher ADRs reflect the estate's scale and premium positioning within the Wintergreen market. Estate Features & Lifestyle Amenities Designed for Luxury Living — Optimized for Rental Demand Four fireplaces providing warmth and architectural character across the main living, dining, and upper-level gathering rooms Private outdoor hot tub with expansive multi-level composite decking Two screened porches, oversized decks, open porch, and courtyard for entertaining and relaxation Theater/movie room and separate basement game room — proven drivers of family and group bookings Cathedral ceilings, sunroom, wet/coffee bar, and two separate living areas ideal for large groups Attached multi-car garage plus additional built-in garage space, with ample private parking for up to 8 full-size vehicles — a rare convenience for large-group rentals Whole-house generator for year-round reliability County water ( Aqua) and septic Mountain, Lake and wooded views in a private, park-like Wintergreen setting Capital Improvements & Upgrades Meaningful Recent Investment The current ownership has invested approximately $203,750 in improvements that enhance guest experience, expand living space, and support strong booking performance: Improvement Year Investment Back deck 2023 $44,000 Square footage added 2022–2023 $34,800 Interior painting 2024–2025 $29,500 Full bathroom addition 2023 $27,250 Bedroom addition 2022–2023 $23,450 Exterior painting 2024–2025 $18,750 Landscaping 2024–2025 $16,500 New lighting 2023 $9,500 Total $203,750 Auction Structure — Three Ways to Bid A Multi-Parcel Offering This property will be sold in a multi-parcel ("multi-par") format, giving buyers the flexibility to acquire the whole estate, the residence only, or the land only. Bidders may bid on an individual tract or on the entirety, and the property sells in the combination that produces the highest total for the seller: Item 1: The Entirety — the residence plus all 5.05 acres, including the Black Walnut Trail lot Item 2: The Residence Only — the residence on approximately 3.05 acres (excluding the 2-acre lot) Item 3: Buildable Lot — the 2-acre buildable lot on Black Walnut Trail (potentially 2 buildable lots) per the HOA, due to the original previous subdivision layout of 4 parcels before all lots were combined. Confirm with the County and HOA . This structure lets a homeowner or investor buy the turn-key rental estate on its own, a builder or neighbor acquire the buildable lot, or a single buyer take the entire 5.05-acre offering — with potential for further subdivision into additional buildable lot(s), subject to WPOA and Nelson County approval. PUBLIC OPEN HOUSES WILL BE FRIDAY , AUGUST 14TH 12-3, / SUNDAY, AUGUST 16TH, FROM 12-2 / SUNDAY, AUGUST 23rd FROM 12-2

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.05 AC

LAND SF

219,978 SF

ZONING

R

APN/PARCEL ID

11JHH15

ASK ABOUT THIS PROPERTY

Tim DudleyDudley ResourcesMore Info
804-709-1954

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Tim DudleyDudley ResourcesMore Info
804-709-1954

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.