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    112 Blue Chickory Ln Nellysford, VA 22958

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    For Sale
    $899,000

    Luxury estate near Wintergreen Resort with proven short-term rental income.

    Type:Business for Sale, Hospitality, Mixed Use, Special Purpose
    Property size:
    4,248 SF
    Lot size:
    1.20 Acres
    Added:
    Feb 22, 2026
    Days on Market:
    38
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 112 Blue Chickory Ln

    General Information

    Standard status
    Active
    Size
    4,248 SF
    Lot size
    1.20 Acres
    Property subtype
    Business for Sale, Hospitality, Mixed Use, Special Purpose

    We can help!

    Listing Contact
    Tim Dudley

    Listing agent Tim Dudley License #VA 0225224467

    Listing office Dudley Resources

    Listing date Feb 22, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Dudley Resources

    Overview

    Wintergreen Estate: Luxury Rental Performer

    This estate at Stoney Creek in Wintergreen offers refined Blue Ridge mountain living with documented short-term rental income. Situated on a nearly private 1.2-acre cul-de-sac lot, the 4,248± square-foot custom mountain estate is designed and upgraded to accommodate large groups. The residence features 5 bedrooms, 2 overflow rooms used as Airbnb bedrooms, 4.5 bathrooms, 11 beds, and sleeps 16+ guests. It is located 10 minutes from Wintergreen Ski Resort, a 1-minute walk to a championship golf course and clubhouse, minutes from vineyards, breweries, and restaurants, and a 5-minute drive to Lake Monocan. The property benefits from year-round access to golf, tennis, biking and hiking trails, swimming, skiing, and full year-round maintenance services. Stoney Creek provides county water and sewer. The property is an established, top-performing short-term rental with verifiable operating history. Estate features include three fireplaces, a private 28,000-gallon heated pool, sauna, oversized deck, courtyard, children’s playground equipment, cathedral ceilings, wet bar, sunroom, movie room, and gathering spaces. A detached three-car heated garage includes a finished upper-level guest suite with an office, bedroom, and full bath. Mature landscaping surrounds the estate. Capital improvements include a synthetic slate roof (2021), backyard playground (2022), high-capacity propane pool heater and underground tank (2023), professional landscaping and tree removal (2024), new pool sand filter and pump (2025), new Pella windows (2025), HVAC zone control system upgrade (2025), new decking and paint (2025), interior and front area painting (2026), exterior molding replaced and painted (2026), crawl space repair (2026), molding on the rear windows replaced and painted (2026), and electrical wiring updates (2026). Garage/guest suite improvements include a synthetic slate roof (2021), new HVAC air handler (2023), additional washer and dryer (2023), and new Pella windows (2025).
    Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Pharmacy Kitchen & Bath Showroom Food Market Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Leap of Faith Lodging at Wintergreen — 32 Shadow Crest Ln, Nellysford, VA 22958

    Location Insight

    • Map
    • Local Demand
    City
    Nellysford
    County
    Nelson
    State
    Virginia
    Longitude
    -78.8809115
    Latitude
    37.892923

    FAQs

    What type of property is this?
    Bed & breakfast - Luxury estate near Wintergreen Resort with proven short-term rental income.
    Where is this bed & breakfast located?
    The property is located at 112 Blue Chickory Ln Nellysford, VA.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Proven, high‑performing short‑term rental with documented revenue and net income (≈ $525,315 total rental revenue and ≈ $358,808 net income from 2022‑2025) and a 4.91‑star Airbnb rating.; Large capacity with 5 bedrooms, 2 overflow rooms, 4.5 bathrooms, 11 beds, and sleeping for 16+ guests.; Prime location: 10 minutes from Wintergreen Ski Resort, a 1‑minute walk to a championship golf course, and close to vineyards, breweries, restaurants, and Lake Monocan.
    We can help!
    Listing Contact
    Tim Dudley
    Real Estate License ID: VA 0225224467
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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