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200 Meander Way
Shepherdstown, WV 25443
$4,730,000
Conventional
Property
Bedroom
11
Bathroom
14
Property Type
Conventional
Square ft
13545
Property Description
Graycliff Hall is a magnificent, elegant CUSTOM RIVERFRONT13,545+ SQ. FT HOME, RETREAT CENTER in the style of a 15th Century Tuscan Costello. Sited on 13+ acres on the end of a long wooded driveway, the estate features Magnificent 180 degree Potomac River Views! It has 350 ft. of Potomac River front , the house is sited overlooking the river . This private retreat complex includes the large primary retreat house, a smaller guest cottage and gate house with apartment for guests or managers. It is being sold FULLY FURNISHED! MAIN HOUSE, features grand terrace overlooking the Potomac (views protected by Federal Park, 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. 6 full baths and 4 half bath. 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 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 with apartment and workshop, a greenhouse, 2 bedroom guest house along the edge of a large landscaped, stocked pond (decorative bridge provides access across a spillway for the pond- great aesthetic appeal) , a maintenance shop with storage loft, a warehouse and a gazebo overlooking the Potomac. A canoe, kayaks and a pontoon boat convey along with golf carts, mowers and extensive equipment and tools Sales includes one year membership to Cress Creek Country Club. Graycliff is presently used as a family residence and corporate 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 . Your own private resort! It certainly will impress your business associates as they land on the Helipad that is 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. 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 miles of walking trails, and a community recreational area which fronts the Potomac River and includes a community boat storage area. The town of Shepherdstown is historic in nature, boasts small town charm, contains a vibrant downtown area with a wide variety of restaurants and shops. Shepherdstown is the home of Shepherd University. Shepherdstown is approximately 1 1/2 hours driving time from Baltimore and Washington DC. For travel by air there is an Eastern West Virginia Regional Airport, easy access to Dulles International Airport ( IAD) , Baltimore Washington International Airport (BWI) National Airport ( DCA), and Washington County Airport (HRG). The station for Amtrak, and MARC Commuter trains to Washington Union Station is within 20 minutes from the property. Bring your family, bring your friends, bring your business. Corporate retreat center. No short term rentals.
Property Information
Lot Size
13 acre(s) square ft
Property Type
Residential
Year Built
2015
MLS Number
WVBE2007690
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.