This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$630,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Gorgeous Blue Ridge Mountain Farm. 88.352 acres with nice mixture of pasture and wooded acreage. There is state maintained frontage on 2 roads, Hwy. 58 and Cherrywood Ln. The beautiful, bold, year round creek and the one year old 40 x 60 barn with a 16 x 60 second floor is accessible from Hwy. 58. The Cherrywood Lane driveway opens to a beautiful homesite location with gorgeous mountain views, complete with a new well and septic and temporary power pole. Bring your camper and hook up while you build your dream home. There is a good, solid farm road that makes much of the farm accessible by car. There is also a 30 x 50 temporary platform. This property has everything in place that one would need to get going with any number of projects. This would make an excellent equestrian property or beautiful spot to build a dream home. With frontage on two state maintained roads, there are multiple building sites. From crops to cattle, there is a lot you can do here. This property is located in close proximity to the New River, not far from the NC/VA line, right in the middle of "Recreational Heaven"!
Full Property Details
Full Property Details for 516 Cherrywood Ln
General
- Sold For: $630,000
- Taxes: $2,426
- Status: Closed
- Type: Acreage
- Source: 2217
- MLS ID: 252941
- Added to Site: 440 day(s) ago
Exterior
- Exterior Features: Fence, Horse Facilities
Location
- Area: 25-VA
- County: Grayson
- Subdivision: None
School Information
- Elementary School: VA
- High School: Out of Area
Community
- Community Name: 25-VA
Utilities
- Sewer: Septic Tank
- Water: Private, Well
- Well: Yes
- Utility Description: Electricity Available, Other, See Remarks, Water Available, Septic Available
Structural Information
- Detached/Attached: Detached
Additional Structures
- Other Structures: Barn(s)
Lot Features
- Lot Size (Acres): 88.352
- Lot Size: 88.352
- Frontage: Private Road, Gravel, Paved
- Road Maintenance: Public Maintained Road
- Topography: Rolling, Pasture
- Lot Features: Acreage, Pasture, Rolling Slope
- Trees/Vegetation: Partially Wooded
- Fencing (Description): Partial
Horse Property
- Horse Facility Desc.: Horses Allowed
Water Features
- Water Front: Yes
Financial Considerations
- Tax Amount: $2,426.76
- Terms: Cash, Conventional, New Loan
Disclosures and Reports
- Property ID: 70-A-136B
- Lot Number: 70-A-136B
Listed and Sold by Collins And Associates
Get Pre-Approved Today
Schools
Schools serving 516 Cherrywood Ln
School District:Grayson County Public Schools
| Name | Grades | Distance |
|---|---|---|
Grayson County High School 110 Blue Devil Drive, Independence, VA 24348 | 9-12 | 6.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 516 Cherrywood Ln
Date
Details
Price
Change
Source
2/03/2026
Sold
$630,000
-9.99%
MLS
9/28/2025
Price Reduced
$699,900
-12.5%
MLS
7/24/2025
Price Reduced
$799,900
-5.88%
MLS
7/03/2025
Price Reduced
$849,900
-2.7%
MLS
12/11/2024
Listed
$873,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
516 Cherrywood Lane, Independence, VA 24348 (MLS# 252941) is a Acreage property that was sold at $630,000 on February 03, 2026. Want to learn more about 516 Cherrywood Lane? Do you have questions about finding other Acreage real estate for sale in Independence? You can browse all Independence real estate or contact a Coldwell Banker agent to request more information.

