About 390 Saddleback Knl
Top-Tier Airbnb, Income-Producing Blue Ridge Mountain Estate
A BLUE RIDGE ESTATE THAT LIVES BEAUTIFULLY - AND PERFORMS EXCEPTIONALLY. Refined mountain living paired with documented short-term rental income in Stoney Creek at Wintergreen. Minutes from Wintergreen Resort's ski slopes and championship golf, close to renowned vineyards, breweries and restaurants, near Lake Monocan's beach, and approximately 45 minutes from Charlottesville. Equally suited as a second home, family retreat or future retirement residence. Buyers may retain the existing professional management team; 16 reservations ( $129,000) are already booked. Furnishings available for separate purchase. ESTATE OVERVIEW: Custom contemporary mountain estate (built 1992) at 9,935± total sq ft, with 7 bedrooms, 6 full and 3 half baths, and as many as 10 rooms configured to sleep guests - accommodating 16-25+ across three expansive levels. Top-tier scale in a market where large, amenity-rich homes consistently outperform smaller inventory. Standout spaces include a movie/theater room, basement game room, rec room, sunroom, coffee/wet bar, dedicated office, loft, breakfast nook, mudroom and multiple laundry areas. FEATURES: Four fireplaces across the main living, dining and upper-level gathering rooms. Private hot tub with expansive multi-level composite decking. Two screened porches, oversized decks, open porch and courtyard. Cathedral ceilings and two separate living areas. Attached multi-car garage plus additional built-in garage space, with private parking for up to 8 full-size vehicles. Whole-house generator. County water (Aqua) and septic. Mountain, lake and wooded views in a private, park-like setting. Wintergreen community access to golf, tennis, biking and hiking trails, swimming, skiing and year-round maintenance services. PROVEN RENTAL PERFORMANCE - established and verifiable, not a pro-forma projection; full P&L provided. Gross rental revenue 2023-2025: approx. $750,497. Net operating income 2023-2025: approx. $420,013. By year (gross / NOI / ADR): 2023 $277,904 / $161,610 / $1,943. 2024 $229,250 / $124,276 / $1,777. 2025 $243,343 / $134,127 / $1,947. 2026 YTD plus forecast $278,561 / $160,381 / $2,444. Already booked Jul-Dec 2026: approx. $129,465 across 16 confirmed reservations. Airbnb 4.97 stars across 76 reviews; Wander 5.0 stars across 142 reviews. Strong year-round occupancy driven by skiing, golf, wine country, hiking and regional tourism. Variability reflects seasonality and ongoing rate optimization. CAPITAL IMPROVEMENTS - approx. $203,750 invested by current ownership: back deck 2023, $44,000; square footage added 2022-2023, $34,800; interior painting 2024-2025, $29,500; full bathroom addition 2023, $27,250; bedroom addition 2022-2023, $23,450; exterior painting 2024-2025, $18,750; landscaping 2024-2025, $16,500; new lighting 2023, $9,500.New HVAC 2023, renovated kitchen 2023.
