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Residential Land for Sale in Fancy Gap, Virginia

Carroll County, Fancy Gap, VA 24328

$62,500
4.53 acres
Active sale
ago
Est $463/mo

A rare opportunity to secure 15 contiguous lots totaling 4.5267 acres, all offered together for one price. This unique property presents exceptional potential for investors seeking multiple build sites for resale, rental income, or long term hold, while also offering the option to create a private mountain retreat surrounded by nature. With gently rolling terrain and wooded surroundings, you can choose to develop several homes or build one residence tucked away for maximum privacy and seclusion. Priced at nearly half of the combined tax assessment, this offering delivers immediate value with flexibility to match a variety of goals. The seller is offering owner financing options to qualified buyers, including a 2 year term at 0 percent interest, a 5 year term at 5 percent interest, and an 8 year term at 8 percent interest, each requiring a substantial down payment. These options create additional opportunity for investors and buyers seeking more flexible terms. The community offers access to 4 well maintained common areas, including 2 private fishing ponds, a picnic shelter with an estimated 60 mile view, and a covered bridge complete with a picnic shelter. Light restrictions are in place to protect property values, as campers and mobile homes are not permitted. Located just 2 miles from the Blue Ridge Parkway, the property offers easy access to outdoor recreation while maintaining a peaceful setting. Conveniently situated within 20 minutes of local shopping, 28 minutes to Mount Airy North Carolina, approximately 1 hour to Winston Salem, 75 minutes to Blacksburg, 90 minutes to Greensboro, and under 2 hours to Charlotte. This is a versatile opportunity combining investment upside, natural beauty, and privacy in one of the most desirable areas of Carroll County.

Location

Community
Little Water Falls
Elevation
2,402 feet
Coordinates
36.6426, -80.6716

Directions

77 S Exit 8: Turn left on Chances Creek Rd, go to end of road, and turn right on Fancy Gap Highway. Go 0.9 mile then left on Ranger Rd. Go to end, then turn left on Blue Ridge Parkway. Continue to first Right on Lightning Ridge Rd. Then take first right Elk Spur Rd. Go 1.8 miles, then turn left on Little Waterfalls Trl. Go to the end of Little Waterfalls Trl, then turn left on Covered Bridge Trl. Property is 7th on the R. For GPS, use 662 Covered Bridge Trl, it's before you get there on R.

Property details

Acreage
4.527 acres
Zoning
R1
MLS #
SWVAR 110117
Posted

Property taxes

2025
$500

Details and features

Listing

Type
Land
Address
15 Lots Covered Bridge TRL Lot: See Addendum

Lot

Features
Wooded

Exterior

Structures
None

Structure

Sewer
Perc Test On File

Property utilities

CategoryTypeStatus
PowerGridAvailable

Nearby schools

NameType
Fancy GapElementary
Carroll County IntermediateMiddle
Carroll CountyHigh

Listing history

DateEventPriceChangeSource
May 15, 2026New listing$62,500SWVAR
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This 4.527-acre property is located in Fancy Gap, VA 24328. The property is available for sale for $62,500 with a price per acre of $13,806.

Listed by BHHS- Mountain Sky Properties-Hillsville, (276) 228-8882

Checked 1 hour agoUpdated Source

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