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For sale
  • $99,500

    5423 Indian Draft Rd, Covington, VA 24426

    4beds
    1,564sqft
    : 
    $685/mo
    Get pre-qualified
    Single Family Residence
    Built in 1946
    22 Acres Lot
    $227,900 Zestimate®
    $64/sqft
    $-- HOA

    What's special

    Stunning mature treesBeautiful topography
    Escape to your own PRIVATE MOUNTAIN PARADISE in Western Alleghany County! This remarkable 22-acre wooded property offers the perfect blend of natural beauty, outdoor adventure, and investment potential; located just minutes from the world-renowned GREENBRIER RESORT and LAKE MOOMAW. The acreage features stunning mature trees and beautiful topography, making it an absolute haven for hunting, fishing, and all types of outdoor recreation. A standout feature of this property is the ELEVATED BUILDING SITE, offering the perfect canvas to design and build your custom dream home surrounded by nature. Moreover, there's a stream running through the property near the existing home, that presents a perfect space to build a nice fishpond. The property currently features an existing 1,564 sq ft frame house. While the home needs some TLC, it presents an incredible opportunity. You can renovate it to use as a guest house, a dedicated hunting cabin, or generate secondary rental income while building your main residence. Whether you are looking for a permanent homestead, a weekend retreat, or a savvy investment with endless recreational possibilities, this Western Alleghany gem is a rare find. Schedule your tour today and bring your vision to life! This parcel is owned by a Licensed Real Estate Broker. The schools include: Callaghan Elementary School, Covington Middle School and Alleghany High School.
    2 days
    1,088
    110

    Zillow last checked:

    Listing updated:

    Listed by:

    MONTY BOWMAN 540-969-9149,

    HIGHLANDS REALTY & ASSOCIATES LLC 540-862-4414

    Source: RVAR,MLS#: 931928MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bathrooms: 1
      • Main level bedrooms: 4
      Heating
      • Baseboard Electric, Forced Air Electric, Heat Pump Electric
      Cooling
      • Central Air
      Features
      • Flue Available
      • Flooring: Carpet, Vinyl, Wood
      • Doors: Wood
      • Basement: Partial
      Interior area
      • Total structure area: 2,737
      • Total interior livable area: 1,564 sqft

      Property

      Parking
      • Total spaces: 4
      • Covered spaces: 2
      • Uncovered spaces: 2
      • Details: Off Street Parking
      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Garden Space
      Lot
      • Size: 22 Acres
      • Features: Cleared, Wooded
      Details
      • Additional structures: Shed(s)
      • Parcel number: 02200000000390
      • Zoning: AR
      • Horses can be raised: Yes

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Block, Wood Siding
      Condition
      • Year built: 1946

      Utilities & green energy

      • Sewer: Private Septic
      • Water: Private Well

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Covington

      Financial & listing details

      • Price per square foot: $64/sqft
      • Tax assessed value: $140,900
      • Annual tax amount: $690
      • Date on market: 10/1/2026
      • Cumulative days on market: 4 days

        Estimated market value

        $227,900

        $171,000 - $283,000

        $1,283/mo

        Price history

        DateEventPrice
        10/1/2026Listed for sale$99,500$64/sqft
        Source: RVAR #931928 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$690 -13.8%$140,900 +28.4%
        2024$801 $109,700
        2023$801 $109,700
        2022$801 $109,700
        2021$801 $109,700
        2020$801 $109,700 -16.8%
        2018-- $131,900
        2017-- $131,900
        2016-- $131,900
        2015-- --
        2014-- --
        2012-- --
        2011-- --
        2010-- --
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 24426

        Getting around

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        GreatSchools rating

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