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. This property is a perfect retreat for horse lovers or anyone seeking solace in Rockbridge County's picturesque countryside all within minutes of town.
For sale
Price cut: $25.9K (8/26)
$599,000
75 Margarets Ln, Lexington, VA 24450
4beds
1,836sqft
Single Family Residence
Built in 1900
16.13 Acres Lot
$595,200 Zestimate®
$326/sqft
$-- HOA
What's special
Riding arenaRun-in shelterBackyard full of bounty
- 208 days
- 1,665
- 82
Zillow last checked:
Listing updated:
Listed by:
PAULA J MARTIN 540-460-1019,
LEXINGTON REAL ESTATE CONNECTION 540-463-2016
Source: RVAR,MLS#: 924493
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Bedroom 1
- Description: 13.5x11.5
- Level: Entry
Bedroom 2
- Description: 11.41x9.66
- Level: Upper
Bedroom 3
- Description: 16.58x13.5
- Level: Upper
Bedroom 4
- Description: 13.5x11.5
- Level: Upper
Dining room
- Description: 13.58x11.58
- Level: Entry
Family room
- Description: 19.41x13.33
- Level: Upper
Kitchen
- Description: 19.33x9.58
- Level: Entry
Laundry
- Description: 12x7.66
- Level: Entry
Living room
- Description: 13.33x19.25
- Level: Entry
Office
- Description: 19.41x6.25
- Level: Upper
Heating
- Heat Pump Electric, Propane
Cooling
- Central Air
Features
- Bookcases, Storage, Walk-In Closet(s)
- Flooring: Carpet, Wood, Laminate
- Doors: Insulated Storm
- Windows: Insulated Windows
- Basement: Partial,Walk-Out Access
Interior area
- Total structure area: 1,836
- Total interior livable area: 1,836 sqft
Property
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered Porch, Deck
- Fencing: Fenced
- Has view: Yes
- View description: Mountain(s), Sunrise, Sunset
Lot
- Size: 16.13 Acres
- Features: Views
Details
- Additional structures: Barn(s), Shed(s)
- Parcel number: 7430A
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Wood Siding
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Private Septic
- Water: Private Well
Green energy
- Energy efficient items: Active Solar Heat
Community & HOA
HOA
- Has HOA: No
Location
- Region: Lexington
Financial & listing details
- Price per square foot: $326/sqft
- Tax assessed value: $358,800
- Annual tax amount: $2,189
- Date on market: 2/6/2026
- Cumulative days on market: 211 days
Estimated market value
$595,200
$565,000 - $625,000
$2,089/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2026 | Price change | $599,000-4.1%$326/sqft |
Source:  Rockbridge Highlands REALTORS® #139656 Report a problem | ||
| 8/12/2026 | Price change | $624,900-3.7%$340/sqft |
Source: Rockbridge Highlands REALTORS® #139656 Report a problem | ||
| 6/17/2026 | Price change | $649,000-3.8%$353/sqft |
Source: Rockbridge Highlands REALTORS® #139656 Report a problem | ||
| 4/27/2026 | Price change | $674,900-3.4%$368/sqft |
Source:  RVAR #924493 Report a problem | ||
| 4/1/2026 | Price change | $699,000-2.8%$381/sqft |
Source: RVAR #924493 Report a problem | ||
| 3/2/2026 | Price change | $719,000-0.7%$392/sqft |
Source:  CAAR #673006 Report a problem | ||
| 2/9/2026 | Price change | $724,000-2%$394/sqft |
Source: Rockbridge Highlands REALTORS® #139656 Report a problem | ||
| 11/6/2025 | Listed for sale | $739,000+17.3%$403/sqft |
Source: Rockbridge Highlands REALTORS® #139656 Report a problem | ||
| 3/8/2024 | Sold | $630,000-3.1%$343/sqft |
Source: Rockbridge Highlands REALTORS® #138104 Report a problem | ||
| 1/3/2024 | Price change | $650,000-3.7%$354/sqft |
Source: Rockbridge Highlands REALTORS® #138104 Report a problem | ||
| 10/27/2023 | Listed for sale | $675,000+170%$368/sqft |
Source: Rockbridge Highlands REALTORS® #138104 Report a problem | ||
| 7/2/2018 | Sold | $250,000$136/sqft |
Source:  Rockbridge Highlands REALTORS® #132990 Report a problem | ||
| 5/29/2018 | Pending sale | $250,000$136/sqft |
Source: LONG & FOSTER REAL ESTATE INC FISHERSVILLE #576769 Report a problem | ||
| 5/21/2018 | Listed for sale | $250,000$136/sqft |
Source: LONG & FOSTER REAL ESTATE INC FISHERSVILLE #576769 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,645 | $358,800 |
| 2023 | -- | $358,800 |
| 2022 | -- | $358,800 +54.1% |
| 2021 | -- | $232,800 |
| 2020 | -- | $232,800 |
| 2018 | -- | $232,800 |
| 2017 | $1,067 | $232,800 -0.8% |
| 2016 | $1,067 | $234,600 |
| 2015 | -- | -- |
| 2014 | -- | -- |
| 2013 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 24450
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