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.
For sale
$99,500
5423 Indian Draft Rd, Covington, VA 24426
4beds
1,564sqft
Single Family Residence
Built in 1946
22 Acres Lot
$227,900 Zestimate®
$64/sqft
$-- HOA
What's special
Stunning mature treesBeautiful topography
- 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#: 931928
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
| Date | Event | Price |
|---|---|---|
| 10/1/2026 | Listed for sale | $99,500$64/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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
Est. payment





