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.
Location
- Street address
- 75 Margarets Ln
- County
- Rockbridge County
- 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
- 2025
- $2,189
Parcels
- 74-30-A
Legal description
16.13 acres and improvements as per tax map #74-30-A; DB20240000406W A REID FIX RT 687
Details and features
Listing
- Type
- Residential
- Subtype
- Single Family Residence
Lot
- View
- Mountain, Panorama
Exterior
- Fencing
- Fenced
- Outdoor Spaces
- Deck, Porch
- Structures
- Barn(s), Packing Shed, Shed(s), Storage
- Features
- Barn, Covered Porch, Deck-Rear, Fence, Fenced Yard, Horses Permitted, Porch-Front, Shed, Storage Building, Storage Shed, Storm Door-Front, Storm Door-Rear, Thermopane Windows
Structure
- Heating
- Electric, Heat Pump, Natural Gas, Propane
- Cooling
- Central Air
- Roof
- Shingle
Interior
- Room Count
- 9
- Rooms
- Bathroom x 2, Bedroom x 4
- Flooring
- Carpet, Wood
- Appliances
- Dishwasher, Microwave, Range, Refrigerator, Washer
- Security
- Security System
- Features
- Book Shelves, Cable Available, Ceiling Fan(s), Smoke Detector, Walk-In Closet, Workshop
Property utilities
| Category | Type | Status | Description |
|---|---|---|---|
| Gas | Natural Gas | Connected | — |
| Gas | Propane | Connected | — |
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| Central | Elementary | — | — |
| Maury River | Middle | — | — |
| Rockbridge Co | High | — | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 6, 2025 | New listing | $739,000 | — | LBVRAR |