Golf Course and Riverfront
For Sale
$8,500,000
Pending
NONE, Luray, VA 22835
LAND, LURAY, VA
Property Size3,900 SF
Lot Size348.00 Acres
Days on Market577
Property Features for NONE
General Information
Property type
Land
Property subtype
Other
Zoning description
R Residential
Elementary school
Luray
Middle school
Luray
High school
Luray
Directions
From the town of Luray, take Lee Hwy (Rt 340) west. Right onto Airport Rd (Rt 652). Left onto Homestead Dr (Rt 647). Right into the Caverns Country Club (T.C. Northcott Blvd).
Subdivision
Page
Standard status
Pending
Lot size
348.00 Acres
Taxes and HOA fees
Tax Year
2022
Tax Description
See agent notes.
Tax Annual Amount
8253
Legal Description
See agent notes.
Utilities
Sewer type
Septic Tank
Water source
Well
Listing Agency:
FRANK HARDY SOTHEBY'S INTERNATIONAL REALTY
(434) 296-0134
Listed By:
RONDA PEARL · License #0225219194
(434) 760-1718
Added: Feb 2, 2025
Changed: Aug 19
Last Checked: Sep 2 at 11:06AM
MLS# 660498
Copyright © 2026 Charlottesville Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is a 348-acre parcel in the Blue Ridge Mountain foothills featuring an operating 18-hole, par-72 golf course known as Caverns Country Club, along with a 3,900-square-foot clubhouse. The site includes a parkland-type setting with gently-rolling fairways and riverfront frontage, supported by an irrigation system and a maintenance barn.
The land is located in Luray, Virginia, with more than 1.25 miles of frontage on the Shenandoah River. It also includes surrounding “Oh Shenandoah” homesites, and the property is described as having access to regional travel corridors, area attractions, and national parks, with proximity noted to I-81 and Washington, DC.
From a use and development standpoint, current zoning is stated as accommodating single-family, multi-family, and age-restricted housing, as well as camps and campgrounds, outdoor recreation, and other uses. The offering is also positioned for lodging or resort concepts, with the existing golf and clubhouse infrastructure serving as a key starting point for an operator or developer evaluating redevelopment or expansion.
The land is located in Luray, Virginia, with more than 1.25 miles of frontage on the Shenandoah River. It also includes surrounding “Oh Shenandoah” homesites, and the property is described as having access to regional travel corridors, area attractions, and national parks, with proximity noted to I-81 and Washington, DC.
From a use and development standpoint, current zoning is stated as accommodating single-family, multi-family, and age-restricted housing, as well as camps and campgrounds, outdoor recreation, and other uses. The offering is also positioned for lodging or resort concepts, with the existing golf and clubhouse infrastructure serving as a key starting point for an operator or developer evaluating redevelopment or expansion.
Key Highlights
- 348‑acre property in the Blue Ridge Mountain foothills of historic Luray, VA
- Over 1.25 miles of frontage on the Shenandoah River
- Caverns Country Club includes an operating 18‑hole par‑72 golf course and a 3,900 SF clubhouse
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 22835, VA
11,561
Population
6,291
Households
1.8
Avg Household Size
48
Median Age
21%
College-Educated
86%
High-School Grad
149.6 sq mi
ZIP Area
77
Density / Sq Mi
$57,365
Median Household Income
$33,499
Median Earnings
$836
Median Rent
$245,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Golf course & driving range - Operating 18-hole golf course with a clubhouse and more than 1.25 miles of Shenandoah River frontage.
Where is this golf course & driving range located?
The property is located at NONE Luray, VA.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 348‑acre property in the Blue Ridge Mountain foothills of historic Luray, VA; Over 1.25 miles of frontage on the Shenandoah River; Caverns Country Club includes an operating 18‑hole par‑72 golf course and a 3,900 SF clubhouse
