Fixer-Upper in the Blue Ridge Mountains, Minutes from the New River
Opportunity knocks at 198 Penny Lane, Grayson County, VA
This 4-bedroom, 1-bath home is nestled in the heart of the Blue Ridge Mountains on a spacious 1.6-acre lot, just minutes from the scenic New River — a haven for fishing, kayaking, and outdoor adventure.
This livable fixer-upper is the perfect canvas for renovation. Whether you're an investor, a DIY enthusiast, or someone looking to create a custom mountain retreat, this property offers space, potential, and a peaceful rural setting.
Property Features:
4 Bedrooms | 1 Full Bath
Full Basement with Garage Door Access
Private Well Water
Recent Upgrades Include:
200-amp Electrical Panel
New Roof (August 2022)
New Refrigerator & Stove (2024)
New Water Heater (2025)
While the home is currently livable.
All floor coverings have already removed — offering a blank slate to make it your own.
Last picture shows the basement.
Don't miss this mountain opportunity!
Text David L. Brooks at 336-572-2053 for more information or to schedule a showing.
For sale by owner
$122,000
198 Penny Ln, Independence, VA 24348
4beds
688sqft
Est.:
SingleFamily
Built in 1972
2 Acres Lot
$166,800 Zestimate®
$177/sqft
$-- HOA
Overview
What the owner loves about this home
Welcome to 198 Penny Lane, nestled in the stunning mountains of Grayson County, Virginia. This property offers 1.6 peaceful acres in one of the most scenic areas of Southwest Virginia — just minutes from the legendary New River, ideal for fishing, kayaking, tubing, and hiking. Last photo show's the location of the river.
Whether you're seeking a tranquil mountain retreat or a full-time residence with outdoor adventure at your doorstep, this property delivers.
Enjoy the serene setting, cool mountain air, and visit nearby attractions such as Grayson Highlands State Park, the Blue Ridge Parkway, and the charming town of Independence, VA.
Don't miss this opportunity to own a piece of the Blue Ridge Mountains — perfect for nature lovers, homesteaders, or anyone looking to escape the hustle and bustle.
- 35 days
- on Zillow |
- 1,050 |
- 51 |
Listed by:
(336) 572-2053
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Wall, Electric
Cooling
- None
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Carpet, Linoleum / Vinyl
- Basement: Unfinished
Interior area
- Total interior livable area: 688 sqft
Property
Parking
- Parking features: None
Features
- Exterior features: Wood products, Brick
- Has view: Yes
- View description: Mountain
Lot
- Size: 2 Acres
Details
- Parcel number: 54A105
Construction
Type & style
- Home type: SingleFamily
Materials
- Foundation: Concrete Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1972
Community & HOA
Location
- Region: Independence
Financial & listing details
- Price per square foot: $177/sqft
- Tax assessed value: $95,600
- Annual tax amount: $516
- Date on market: 6/6/2025
- Loading