Change Real Estate Presents:

202 Lake Arrowhead Road
Luray VA 22835

For Sale: $700,000.00 Active

List Date: 2026-04-23

Luray
3 bedrooms
2 bathrooms
1,200 build ft2
5.50 land acres

About This Property

Fully furnished and operating STR, ready day one. Successful vacation rental across from Lake Arrowhead with Build-Ready Expansion Lot. Proven short-term rental, featuring a fully renovated 3-bedroom home on 3.5 private acres, plus an additional 2-acre parcel with 6-bedroom septic approval and active well—ready for immediate development. This 3-bedroom home situated on over 3 private acres just steps from Lake Arrowhead. This proven short-term rental performer offers an ideal combination of prime location, privacy, and guest-friendly amenities in one of the Shenandoah Valley’s most desirable vacation markets. The property’s close proximity to the lake—just a short walk—makes it especially attractive to guests seeking easy access to fishing, kayaking, and outdoor recreation. The home features a modernized interior with updated finishes, a functional layout for groups, and a private back porch that enhances the guest experience. This house is set on an expansive 3.5 acres of serene beauty. With an open sunlit backyard with beautiful shaded sunlight. The perfect place to relax in a hammock or read a book by the babbling brook as the stream runs right on the side of the property. This property delivers a secluded “mountain retreat” but still is conveniently located near downtown Luray and major attractions, including Shenandoah National Park and Luray Caverns—key drivers of year-round tourism demand. With strong appeal to families and outdoor enthusiasts, this property is well-positioned for continued short-term rental success. Ideal for investors seeking a low-maintenance, high-demand vacation rental or a personal getaway with income potential. This property also includes acreage directly across the street, which is even closer to the lake for future opportunity to grow your investment portfolio and increase your return of income. This additional acreage is 2 acres, for a total 5.5 acres. Not only is the additional lot of 2 acres included in this sale, but it also already has a 6 bedroom septic permit on file with the county and an active well. READY to BUILD! All you have to do is bring your vision!

Listing Agent: Erin M Kavanagh. EXP Realty, LLC 703-431-8310 erin@thecazagroup.com

Virtual Tours / Videos

https://request.tdcmainstreet.com/vd/242365066

Property Features

Location Information
County:
Subdivision: NONE AVAILABLE
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Interior Features
Appliances: Refrigerator, Microwave, Dishwasher, Oven/Range - Electric, Stainless Steel Appliances, Disposal, WaterHeater
Interior: Recessed Lighting, Kitchen - Island, Upgraded Countertops, Floor Plan - Traditional, Floor Plan - Open
Laundry:
Furnished: None
Flooring: Luxury Vinyl Plank
Water: Other
Cooling: None
Heating: Heat Pump(s)
Fireplaces: None
Windows:
Utilities:
Sewer: Other
Exterior Features
Year Built: 1973
Subdivision Name: None Available
Parking: Paved Driveway, Gravel Driveway, Circular Driveway
Schools
Elementary School: Luray
Junior High School: Luray
High School: Luray

IDXListing Courtesy of Erin M Kavanagh. EXP Realty, LLC 703-431-8310 erin@thecazagroup.com

Property Photos [Click to enlarge]

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