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505 Mechanic St
For Sale $585,000 ($383.86 per Sq Ft)
$585,000 ($383.86 per Sq Ft)
- 4 Bedrooms
- 2 Bathrooms
- 1,524 Sq Ft
- 217,800 Sq Ft
Description
Rare Investment Opportunity in Luray, VA – Active Short-Term Rental on 5 Acres (Lots 42A3-A-69B and 42A3-A-69)
Don’t miss this incredible chance to own a profitable short-term rental property in the heart of Luray, VA! This 5-bedroom, 2-bath home has been fully renovated in 2025 and is situated on a spacious 5-acre lot within town limits.
Since launching as a vacation rental in April of this year, the property has already generated over $20,000 in rental income, with more bookings and growth anticipated. Guests love the home’s charm, comfort, and location—see glowing reviews on Airbnb.
Highlights include:
Major 2025 renovations throughout
Five bedrooms and two full bathrooms – spacious layout for groups
Active Airbnb income stream with proven results
R-3 zoning with ample opportunity for expansion, including the adjoining lot
Perfect setting for an investment property, hobby farm, or a retreat
This is a rare find—a profitable short-term rental with expansion potential right in the Town of Luray. Whether you’re looking to grow your portfolio, start a small farmette, or own a turn-key investment property near Shenandoah National Park, this one won’t last long.
Schedule your showing today before it’s gone!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $585,000 |
| Property Type | Single Family Homes |
| Usable Sqft | 1,524 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1913 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 42A3A69B |
| MLS # | VAPA2005422 |
| Property ID | 294690976 |
| Lot Sqft | 217,800 |
| Zoning | R-3 |
| Days on Market | 72 |
| Original List Price | Unknown |
| Date Updated | October 02, 2025 |
| Date Created | September 29, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $20,323 | $0 |
Listing Provided By
Nina Alexandra Long Fox an agent of . Lic #225241132
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Data last updated: December 10, 2025.
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REAL ESTATE AGENT