Land for Sale in Luray, Virginia

Turnkey Hospitality Opportunity | Boutique Bed & Breakfast, Event Venue, or Luxury Vacation Rental An exceptional opportunity to acquire a proven short-term rental property with outstanding potential for conversion into a boutique bed and breakfast, executive retreat, or destination hospitality venue. Situated in the heart of Virginia's Shenandoah Valley with private Shenandoah River access and panoramic mountain views, this one-of-a-kind property combines historic character with modern infrastructure in a highly desirable tourism market. Originally built by Martin Kauffman, the property's historic log cabin was meticulously restored and thoughtfully expanded in 2008, creating a unique hospitality experience that is difficult to replicate. The residence features four oversized guest suites, each with its own private ensuite bathroom, providing the ideal layout for bed and breakfast operations or premium vacation rental accommodations. An additional private owner's suite with lockout capability allows for on-site management while maintaining guest privacy. The commercial-quality layout includes spacious gathering areas, an updated kitchen designed to accommodate large groups, and an open dining area with French doors leading to an expansive two-story deck overlooking the Shenandoah River. The original log cabin serves as the centerpiece of the property, highlighted by a dramatic two-sided stone fireplace constructed from bluestone quarried directly on the property and a built-in projection system, creating an unforgettable guest experience. Outdoor amenities further enhance the property's appeal, including private river access for kayaking, expansive lawn areas suitable for weddings and events, an outdoor fireplace incorporated from the original smokehouse, a pond, historic quarry, and the preserved stone foundation of a former bank barn that offers exciting opportunities for future event space, gardens, or outdoor entertaining. Included in the sale are a kayak storage building and eight kayaks, allowing a new owner to continue offering popular outdoor recreation experiences immediately. A machine shed provides additional storage for maintenance equipment and business operations. Extensive capital improvements reduce future maintenance costs and include: * Complete renovation and expansion (2008), including plumbing, electrical, windows, siding, and major systems * New roof (2021) * Water treatment system (2022) * Well pump (2013) * Water line (2018) * New HVAC system (2026) * Updated appliances, including a 2025 stove/cooktop Ideally positioned just minutes from Shenandoah National Park, George Washington National Forest, Luray Caverns, wineries, hiking, fishing, and numerous regional attractions, the property benefits from strong year-round tourism demand. Whether continuing its successful short-term rental operation, developing a boutique bed and breakfast, hosting retreats and intimate events, or creating a signature hospitality destination, this property offers an extraordinary investment opportunity with a truly irreplaceable setting, historic significance, and multiple income-producing possibilities.