Cape Escape Offers Historical Shelter — and Income Potential — For Less than $1M

historical shelterIt’s not often that you can find a property with the kind of income potential this week’s historical shelter has for less than $1 million.

But this six bedroom, four-and-a-half-bath colonial revival home in Cape Charles, Virginia, has been lovingly restored and renovated, and also had an addition to accommodate the history of the home (indeed, it pre-dates the town’s founding by almost 60 years) and the modern needs for more living space and amenities.

“No expense or effort spared, a true estate quality property offering,” enthused listing agent David Kabler of Blue Heron Realty. Kabler said that the home could easily be a great vacation home for a large family — or could be a great bed and breakfast.

Paging through the pictures, it’s hard to disagree about the latter. Plenty of common areas for guests to mingle, a large kitchen, two dining spaces (one in the kitchen, plus a formal dining room), an elevator, and a pool would make this spot a great destination.

Located at the mouth of the Chesapeake Bay, Cape Charles has one of only two public beaches on the eastern shore of Virginia, and the only public beach on the bayside.  There is also a municipal pier at the entrance of the harbor, and a public boat ramp.

So needless to say, there’s plenty for potential vacationers to do, especially when you consider that other tourist destinations are an easy drive from this gorgeous home base, too.

The home itself has four fireplaces (with the original mantelpieces), heart pine flooring, high ceilings, and architectural moldings. The front porches are perfect for that cup of coffee in the morning AND that wind-down time before bed at night.

The new, modern wing of the home has a family room and fireplace, two generously sized master bedroom suites, a three-floor elevator, and smart wiring.

This historical shelter also includes a cabana at the pool, a barn, and a guest house, and is listed for $998,000.