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    910 T.c. Northcott Blvd Luray, VA 22835

    Sponsored
    For Sale
    $8,500,000

    Luxury Golf Course & Residential Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Exceptional investment opportunity in the Shenandoah Valley, Virginia. This 348+ acre property includes the established Caverns Country Club, featuring an 18-hole, par-72 golf course designed by Hal Purdy and lauded by Golf Digest readers. The 3,900 square foot clubhouse complements the course, which boasts a comprehensive irrigation system and maintenance barn. Over 100 county-approved lots in the adjacent Oh, Shenandoah development offer significant residential potential, accommodating various uses including single-family, multi-family, age-restricted housing, camps, campgrounds, and outdoor recreation. The property enjoys over 1.25 miles of Shenandoah River frontage. Its parkland setting, gently rolling fairways, and stunning mountain vistas create a picturesque landscape. Conveniently located 90 minutes from Washington, D.C., and less than 15 miles from Interstate 81, the property benefits from excellent access to major travel corridors and area attractions, including George Washington National Forest, Shenandoah National Park, and Luray Caverns (two miles away). Nearby amenities include grocery stores, pharmacies, national retailers, Lord Fairfax Community College, Page Memorial Hospital, and Luray Caverns Airport. The property's versatility presents a unique opportunity for redevelopment, potentially as a resort or lodging operation. Asking price: $8,500,000. 910 T.C. Northcott Blvd, Luray, VA 22835.

    Property Features for 910 T.c. Northcott Blvd

    General Information

    Property type
    Multifamily properties

    HighLights

    • Exceptional investment opportunity: 348+ acre Shenandoah Valley property, asking $8,500,000.
    • Established Caverns Country Club: 18‑hole, par‑72 golf course (Hal Purdy design), 3,900 sq ft clubhouse, irrigation system, maintenance barn.
    • 100+ county‑approved lots in adjacent Oh, Shenandoah development: potential for single‑family, multi‑family, age‑restricted, or recreational development.
    • 1.25+ miles of Shenandoah River frontage.
    • Prime location: 90 minutes from Washington, D.C., near I‑81, Luray Caverns, Shenandoah National Park, and George Washington National Forest. Nearby amenities include retail, healthcare, and educational facilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Dental Office Hotel & Motel Travel Agency Bed & Breakfast Coworking Space

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

    Location Insight

    • Map
    • Local Demand
    City
    Luray
    County
    Page
    State
    Virginia
    Longitude
    -78.5095185
    Latitude
    38.6722366

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    FAQs

    What type of property is this?
    Multifamily property - Luxury Golf Course & Residential Development
    Where is this multifamily property located?
    The property is located at 910 T.c. Northcott Blvd 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: Exceptional investment opportunity: 348+ acre Shenandoah Valley property, asking $8,500,000.; Established Caverns Country Club: 18-hole, par-72 golf course (Hal Purdy design), 3,900 sq ft clubhouse, irrigation system, maintenance barn.; 100+ county-approved lots in adjacent Oh, Shenandoah development: potential for single-family, multi-family, age-restricted, or recreational development.
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    Realmo Value Estimation

    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.

    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.

    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
    910 T.c. Northcott Blvd Luray, VA 22835
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