Land with Home for Sale in Lexington, Virginia
75 Margarets Ln, Lexington, VA 24450
Enjoy peaceful country living just 10 minutes from historic downtown Lexington, home to W&L and VMI. This sweetly renovated 4-bedroom, 2-bath farmhouse sits on just over 16 beautiful acres, perfectly set up for horses or hobby farming. The property features 3 fenced paddocks, a two-stall barn with feed/tack room, run-in shelter and a riding arena. An old 1900s barn, full of character and history - now used for hay storage but brimming with potential to be revived. The established orchard offers apples, pears, peaches, and plums- a backyard full of bounty! Brand-new solar panels make the home energy-efficient. Inside, the farmhouse has been thoughtfully updated - bright, inviting, and full of character. This property is a perfect retreat for horse lovers or anyone seeking solace in Rockbridge County's picturesque countryside all within minutes of town.
Location
- Street address
- 75 Margarets Ln
- County
- Rockbridge County
- Zip code
- 24450
- Community
- Rockbridge
- Elevation
- 1,335 feet
Directions
From downtown Lexington head toward U.S. Route 11. Take 11 S for about 0.7 miles. Turn Right onto Route 251 (Collierstown Road) and continue for 2.6 miles. Stay straight as Route 251 transitions onto Union Run Road-you'll travel about 0.9 miles on Union Run. Turn left onto Margaret's Lane. Follow the driveway up to the left - the house is on the left.
Property details
- Acreage
- 16.13 acres
- Zoning
- Agricultural
- MLS #
- LBVRAR 139656
- Posted
Property taxes
- Recent
- $2,189
Parcels
- 74-30-A
Legal description
16.13 acres and improvements as per tax map #74-30-A; DB20240000406 W A REID FIX RT 687
Details and features
Listing
- Type
- Residential
- Subtype
- Single Family Residence
Exterior
- Fencing
- Fenced
- Pool
- Deck, Porch
- Structures
- Storage, Workshop
- Features
- Cable Available, Ceiling Fan(s), Chickens Permitted, Covered Porch, Deck-Rear, Fenced Yard, Horses Permitted, Porch-Front, Security System, Shed, Smoke Detector, Storage Building, Storage Shed, Storm Door-Front, Storm Door-Rear, Sunrise View, Sunset View, Thermopane Windows, View-Mountains, View-Panoramic
Structure
- Basement
- Partial
- Water
- Well
- Heating
- Electric, Heat Pump, Natural Gas, Propane
- Cooling
- Central Air
- Roof
- Shingle
Interior
- Room Count
- 9
- Rooms
- Bathroom x 2, Bedroom x 4, Dining Room, Family Room, Laundry Room x 2
- Flooring
- Carpet, Wood
- Appliances
- As Is, Dishwasher, Electric Range, Microwave, Oven, Refrigerator
- Features
- Book Shelves, Ceiling Fan(s), Walk-In Closet
Property utilities
| Category | Type | Status |
|---|---|---|
| Gas | Natural Gas | Connected |
| Gas | Propane | Connected |
Nearby schools
| Name | Type |
|---|---|
| Central | Elementary |
| Maury River | Middle |
| Rockbridge Co | High |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Sept 16, 2026 | Under contract | $599,000 | — | LBVRAR |
| Aug 26, 2026 | Price drop | $599,000 | $25,900 -4.1% | LBVRAR |
| Aug 12, 2026 | Price drop | $624,900 | $24,100 -3.7% | LBVRAR |
| June 17, 2026 | Price drop | $649,000 | $25,900 -3.8% | LBVRAR |
| Apr 28, 2026 | Price drop | $674,900 | $24,100 -3.4% | LBVRAR |
| Apr 1, 2026 | Price drop | $699,000 | $20,000 -2.8% | LBVRAR |
| Mar 2, 2026 | Price drop | $719,000 | $5,000 -0.7% | LBVRAR |
| Feb 9, 2026 | Price drop | $724,000 | $15,000 -2% | LBVRAR |
| Nov 6, 2025 | New listing | $739,000 | — | LBVRAR |