Exceptional investment opportunity to own a fully operational luxury boutique inn located in the heart of downtown Luray, Virginia, in the Shenandoah Valley. Zoned B-1 and seller financing available! Known as the Inn at Shenandoah, this beautifully restored Victorian showcases timeless elegance and a distinctive European-inspired ambiance, blending historic character with modern comfort. This is a true turn-key offering — conveying fully furnished and equipped, allowing a new owner to step in and operate from day one. Currently operating as a successful bed & breakfast / inn with strong guest reviews and repeat clientele, the property offers immediate income potential and an established presence in a thriving tourism market. Architectural highlights include antique glass windows, crystal chandeliers, and refined sitting and dining spaces that create a memorable guest experience. The inn features three well-appointed private guest suites, each designed for comfort and privacy with upscale furnishings, jetted tubs for two, and private balconies. Situated on Main Street in downtown Luray, the property offers easy access to shops, restaurants, and attractions, and is just minutes from Luray Caverns, Shenandoah National Park, the Shenandoah River, wineries, and hiking trails. The location continues to draw guests for weekend getaways, weddings, and special events. Additional improvements include a detached garage/shop building, ideal for storage, maintenance, or potential expansion uses, along with ample on-site (off street) parking — a rare and valuable amenity in the downtown area. Whether expanding a hospitality portfolio or pursuing a lifestyle investment, this is a rare opportunity to acquire a highly desirable, income-producing property in one of Virginia’s premier destinations — ready to operate the day you close.
Under contract
$669,900
138 E Main St, Luray, VA 22835
3beds
3,633sqft
Single Family Residence
Built in 1885
0.48 Acres Lot
$656,100 Zestimate®
$184/sqft
$-- HOA
What's special
Private balconiesTimeless eleganceDistinctive european-inspired ambianceBeautifully restored victorianCrystal chandeliersAntique glass windowsUpscale furnishings
- 98 days |
- 79 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Lauren Reed 540-742-3996,
Funkhouser Real Estate Group
Source: Bright MLS,MLS#: VAPA2006240
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Basement
- Area: 0
Heating
- Central, Heat Pump, Propane
Cooling
- Window Unit(s), Central Air, Ductless, Heat Pump, Ceiling Fan(s), Electric
Appliances
- Included: Microwave, Built-In Range, Range, Dishwasher, Disposal, Dryer, Freezer, Oven, Six Burner Stove, Cooktop, Washer, Water Heater, Electric Water Heater
- Laundry: Washer In Unit, Dryer In Unit, Main Level
Features
- Attic, Bar, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Breakfast Area, Built-in Features, Butlers Pantry, Chair Railings, Combination Dining/Living, Crown Molding, Dining Area, Family Room Off Kitchen, Floor Plan - Traditional, Kitchen - Gourmet, Primary Bath(s)
- Flooring: Wood, Ceramic Tile
- Windows: Stain/Lead Glass, Window Treatments
- Basement: Connecting Stairway,Exterior Entry,Interior Entry,Concrete,Unfinished
- Number of fireplaces: 2
- Fireplace features: Electric, Mantel(s)
Interior area
- Total structure area: 3,633
- Total interior livable area: 3,633 sqft
- Finished area above ground: 3,633
- Finished area below ground: 0
Property
Parking
- Total spaces: 10
- Parking features: Storage, Covered, Oversized, Enclosed, Gravel, Detached, Driveway, On Street
- Garage spaces: 2
- Uncovered spaces: 8
Accessibility
- Accessibility features: 2+ Access Exits, Accessible Entrance
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Porch
- Exterior features: Flood Lights, Stone Retaining Walls, Street Lights, Balcony
- Pool features: None
- Has spa: Yes
- Spa features: Bath
- Fencing: Full
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 0.48 Acres
- Features: Cleared, Landscaped, Level, Downtown
Details
- Additional structures: Above Grade, Below Grade, Outbuilding
- Parcel number: 42A11A137A
- Zoning: B-1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block, Brick/Mortar, Stone
- Roof: Metal
Condition
- New construction: No
- Year built: 1885
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available
Community & HOA
Community
- Security: Exterior Cameras, Security Gate
- Subdivision: Town Of Luray
HOA
- Has HOA: No
Location
- Region: Luray
Financial & listing details
- Price per square foot: $184/sqft
- Tax assessed value: $567,800
- Annual tax amount: $4,260
- Date on market: 4/1/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Seller Financing
- Inclusions: All Appliances, Furnishings, And Contents Of House Except For Personal Items Of Seller And Woodstove
- Exclusions: Woodstove / Sller's Personal Items; Items In Garage / Shop
- Ownership: Fee Simple
- Road surface type: Paved
Estimated market value
$656,100
$623,000 - $689,000
$2,265/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/20/2026 | Contingent | $669,900$184/sqft |
Source:  Bright MLS #VAPA2006240 Report a problem | ||
| 4/1/2026 | Listed for sale | $669,900+91.9%$184/sqft |
Source: Bright MLS #VAPA2006240 Report a problem | ||
| 8/20/2020 | Listing removed | $349,000$96/sqft |
Source: XRealty.NET LLC #VAPA105492 Report a problem | ||
| 8/4/2020 | Price change | $349,000-22.3%$96/sqft |
Source: XRealty.NET LLC #VAPA105492 Report a problem | ||
| 1/20/2020 | Listed for sale | $449,000-21.1%$124/sqft |
Source: Owner Report a problem | ||
| 3/16/2019 | Listing removed | $569,000$157/sqft |
Source: Bill Dudley & Associates Real Estate, Inc #VAPA101704 Report a problem | ||
| 1/6/2019 | Price change | $569,000-1.7%$157/sqft |
Source: Bill Dudley & Associates Real Estate, Inc #VAPA101704 Report a problem | ||
| 12/29/2018 | Price change | $579,000+45.1%$159/sqft |
Source: Bill Dudley & Associates Real Estate, Inc #VAPA101704 Report a problem | ||
| 12/4/2018 | Price change | $399,000-31.2%$110/sqft |
Source: Bill Dudley & Associates Real Estate, Inc #1004393049 Report a problem | ||
| 1/31/2018 | Price change | $579,900-3.3%$160/sqft |
Source: Bill Dudley & Associates Real Estate, Inc #1004393049 Report a problem | ||
| 1/5/2018 | Price change | $599,900+0.2%$165/sqft |
Source: Bill Dudley & Associates Real Estate, Inc #1004393049 Report a problem | ||
| 10/12/2017 | Listed for sale | $599,000$165/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,079 | $421,800 |
| 2023 | $3,079 | $421,800 |
| 2022 | $3,079 | $421,800 |
| 2021 | $3,079 | $421,800 |
| 2020 | $3,079 0% | $421,800 0% |
| 2019 | $3,081 | $422,000 |
| 2018 | $3,081 +10.6% | $422,000 |
| 2017 | $2,785 | $422,000 |
| 2016 | $2,785 | $422,000 +26.8% |
| 2015 | $2,785 +30.7% | $332,900 |
| 2014 | $2,131 | $332,900 |
| 2013 | -- | $332,900 |
| 2012 | -- | $332,900 |
| 2011 | -- | $332,900 +3% |
| 2010 | -- | $323,200 |
| 2009 | -- | $323,200 |
| 2007 | -- | $323,200 +22.2% |
| 2006 | -- | $264,400 +35.9% |
| 2005 | -- | $194,500 |
| 2004 | -- | $194,500 |
| 2003 | -- | $194,500 +44.9% |
| 2002 | -- | $134,200 |
| 2001 | -- | $134,200 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 22835
Nearby schools
GreatSchools rating
- 3/10Luray Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 7/10Luray Middle SchoolGrades: 6-8Distance: 0.3 mi
- 6/10Luray High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Luray
- Middle: Luray
- High: Luray
- District: Page County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Virginia
- Page County
- Luray
- 22835
- 138 E Main St
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