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Land for Sale in Independence, Virginia

516 Cherrywood Ln. Lot: 70-a-136B, Independence, VA 24348

$699,900
88.3 acres
Active
$100k drop
Est $4,979/mo

Gorgeous Blue Ridge Mountain Farm. 88.325 acres with nice mixture of pasture and wooded acreage. There is state maintained frontage on 2 roads, Hwy. 58 and Cherrywood Ln. The beautiful, bold, year round creek and the one year old 40 x 60 barn with a 16 x 60 second floor is accessible from Hwy. 58. The Cherrywood Lane driveway opens to a beautiful homesite location with gorgeous mountain views, complete with a new well and septic and temporary power pole. Bring your camper and hook up while you build your dream home. There is a good, solid farm road that makes much of the farm accessible by car. There is also a 30 x 50 temporary platform. This property has everything in place that one would need to get going with any number of projects. This would make an excellent equestrian property or beautiful spot to build a dream home. With frontage on two state maintained roads, there are multiple building sites. From crops to cattle, there is a lot you can do here. This property is located in close proximity to the New River, not far from the NC/VA line, right in the middle of "Recreational Heaven"!

Location

Street address
516 Cherrywood Ln. Lot: 70-a-136B
Elevation
2,805 feet
Coordinates
36.6142, -81.2588

Directions

From the intersection of 21 and 58 in Independence, take 58 west to Cherrywood Ln. on left continue on Cherrywood to property on left.

Property details

Acreage
88.325 acres
Zoning
RF
MLS #
SWVAR 98071
Posted

Property taxes

2023
$2,427

Details and features

Listing

Type
Land

Lot

Waterfront
Creek
Features
Can Be Divided, Farm, Livestock Permitted, Mini Farm

Exterior

Fencing
Fenced

Structure

Water
Well
Sewer
Septic Tank

Property utilities

CategoryTypeStatusDescription
PowerGridAvailable

Nearby schools

NameLevelDistrictDescription
Grayson HighlandsElementary
IndependenceMiddle
Grayson CountyHigh

Listing history

DateEventPriceChangeSource
Sept 28, 2025Price drop$699,900$100,000 -12.5%SWVAR
July 25, 2025Price drop$799,900$50,000 -5.9%SWVAR
July 3, 2025Price drop$849,900$23,600 -2.7%SWVAR
Nov 28, 2024New listing$873,500SWVAR
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Payment calculator

This 88.325-acre property is located at 516 Cherrywood Ln. Lot: 70-a-136B in Independence, VA 24348. The property is available for sale for $699,900 with a price per acre of $7,924.

Checked 1 min ago — Updated

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