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200 Meander Way
Shepherdstown, WV 25443
$4,730,000
Conventional
Property
Bedroom
--
Bathroom
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Property Type
Conventional
Square ft
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Property Description
GRAYCLIFF HALL, custom designed by an architect in the style of a 15th century Italian "Costello", was built in 2015 by Empire Construction. Sited on 13+ acres fronting on the Potomac River, it was designed to be spacious, elegant, comfortable, and suitable for family living OR business retreats. It was designed to provide fantastic 180 degree views of the POTOMAC RIVER. The view will never be spoiled, as the land on the Maryland side is part of the Federal C+O Canal Park. The main house has 13, 545 SF of living space on 3 levels and, depending on need, with large meeting rooms, on each level. Also a smaller guest cottage and gate house with apartment for guests or managers. It is being sold FULLY FURNISHED with all operating equipment. Graycliff Hall enjoys a spectacular 180* view of the Potomac protected by Federal C & O Canal on opposite side of the river. The 1st floor is mostly open space with large elegant areas and rooms. An elevator serves all three levels. Highlights include a wonderful huge fireplace area with large couches and a big formal dining area. Also a separate owners suite with kitchenette and office, a commercial grade gourmet kitchen, library and office. There is also a very large screened porch + huge decks with great river views. The second level has a large conference room and wet bar, 10 guest bedrooms (all have balconies, 5 with river views). The Lower level is largely finished as a recreational area with a 24 seat theater room, 2nd office, open fitness area, temperature controlled wine room, open game room with a full sized bocce court, pool table and video games +an open conference area with conversation pit. Also a covered parking area on the lower level. Multiple additional outbuildings, including a GATEHOUSE/APARTMENT, a GREENHOUSE, a 2 bedroom GUEST HOUSE on the edge of a large landscaped, stocked pond, a MAINTENANCE SHOP with STORAGE, a GAZEBO. Equipment incl a canoe, kayaks, a pontoon boat, 3 golf carts, mowers extensive equipment and tools. Sale includes a buyers one year membership to Cress Creek Country Club. with golf, tennis, and pool facilities. Graycliff is presently used both as a family residence and retreat center; it serves as a perfect place to live and entertain family and friends; a "retirement home to tempt the kids" with its outdoorsy, sporting lifestyle . Truly your own private resort! It certainly will impress your business associates, even if they don't land on the HELIPAD included on the property. It provides a place where friends, families and business associates could feel comfortable in a beautiful natural environment, where kids could feel comfortable bringing their friends and their own families. Perfect for a business residence or corporate retreat center. No matter the use, we guarantee that you will love the natural beauty, privacy and the quiet atmosphere of this grand property. As John Burrows once wrote, "I GO TO NATURE TO BE SOOTHED, AND HEALED, AND HAVE MY SENSES PUT IN ORDER." Graycliff Hall is located within the Shepherds Cove residential community; a gated community with premium amenities, including extensive walking trails, and a community recreational area which fronts the Potomac River and includes a marina, community boat storage area, putting green and pavilion overlooking the river. Historic Shepherdstown has a vibrant downtown area with a wide variety of restaurants and boutique shops. It is the home of Shepherd University. Conveniently located 50 miles from the Washington DC Beltway, and minutes to Shepherdstown MARC train commuter service to DC. For travel by air there is an Eastern West Virginia Regional Airport, easy access to Dulles International Airport ( IAD) , Baltimore Washington International Airport National Airport , and Washington County Airport (HRG) and of course Graycliff Halls' own helipad. The property can NOT be used for a Bed&Breakfast or short term rentals
Property Information
Lot Size
13 acre(s) square ft
Property Type
Commercial
Year Built
2015
MLS Number
WVBE2007954
Location
Address
200 MEANDER WAY
City
SHEPHERDSTOWN
State
WV
Zip Code
25443
County
JEFFERSON
Listing
Provider
Snyder, Bailey and Associates, Inc, original listing
Name
Snyder, Bailey and Associates, Inc
Phone
(304) 267-1050
Office Name
Snyder Bailey & Associates
Office Phone
(304) 267-1050
Agent Name
Carolyn Snyder

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.