A 2.52-Acre Country Farmhouse Near the Blue Ridge Parkway Is Listed for $269,000 — And the Property Taxes Will Surprise You

Every so often a listing comes along that makes buyers do a double take. Tucked away on a quiet country road just minutes from the scenic Blue Ridge Parkway, this three-bedroom farmhouse at 4045 Peaks Mountain Road in Galax, Virginia, is on the market for $269,000 — and it sits on a full 2.52 acres of gently rolling, homestead-ready land. In a market where land and charm are getting harder to find at this price, this one stands out.

A Country Farmhouse Built to Last

Originally built in 1958 and offering 2,070 square feet of living space, this single-family home blends timeless country character with thoughtful custom upgrades. Inside, you will find genuine custom woodwork throughout, a large open kitchen that flows into a spacious dining and living area, and a custom primary suite that functions as its own private retreat — complete with a fully appointed bath featuring heated floors for those chilly mountain mornings.

The main level holds two bedrooms and two full bathrooms, while an additional bedroom upstairs gives kids or guests a space of their own. Down below, the unfinished lower level serves as a drive-under garage and basement, anchored by a wood-burning stove that keeps the home toasty warm through the winter. For remote workers, the property is equipped with high-speed Gigabeam internet — a major plus for a rural setting.

2.52 Acres of Homestead Potential

The land is where this property truly shines. With 2.52 cleared, gently sloping acres and horses permitted on site, the possibilities are wide open: raised garden beds, chickens or goats, fruit trees, fresh-cut perennials, or simply room to breathe. A large open deck off the kitchen overlooks a cascading water feature that draws birds and wildlife, making it an ideal spot for relaxing or entertaining. For anyone dreaming of a self-sufficient homestead within easy reach of town, this acreage delivers.

The Numbers That Make This Listing Stand Out

At a list price of $269,000, the home works out to roughly $130 per square foot — competitive for a property of this size with this much land in southwestern Virginia. Records show it last sold back in 2007 for $138,500, and recent comparable homes in the Galax area are listing in a similar range, which suggests the asking price is grounded in the local market rather than inflated.

But the figure that surprises most buyers is the tax bill. The most recent annual property taxes on this home came in at just $433, based on a tax-assessed value of $80,200. For buyers used to seeing four-figure monthly tax escrows in larger metros, a rural Virginia property with taxes this low is a meaningful long-term saving.

Financing a Rural Home Like This: USDA, FHA, and Conventional Loans

One advantage of a property in a rural area like Galax is the range of financing options that may be available. Because of its location, a home like this could potentially qualify for a USDA Rural Development loan, which offers zero-down financing to eligible buyers who meet income requirements — an attractive path for those who want to minimize upfront costs.

Buyers who prefer other routes can explore an FHA loan, which allows a lower down payment and more flexible credit qualifications, or a traditional conventional loan for those with stronger credit and a larger down payment. With mortgage rates shifting regularly, it pays to compare current rates from multiple lenders and to get pre-qualified before making an offer so you know exactly what you can afford.

What to Expect for Monthly Payments and Home Insurance

Using the list price as a starting point, a buyer financing the home could expect an estimated principal-and-interest payment in the range of $1,500 per month, depending on the down payment, loan term, and the mortgage rate they secure. Property taxes add only a small amount each month given the low annual bill, and home insurance for a property like this is often estimated around $100 per month, though rural and water-feature properties should always request a tailored quote.

Down the road, owners who build equity in a 2.52-acre property can also consider a HELOC or home equity loan to fund improvements, finish the lower level, or invest further in the homestead — another reason buyers view land like this as a long-term asset rather than just a place to live.

Who This Home Is Perfect For

This farmhouse will appeal to remote workers seeking quiet and reliable internet, families wanting room to grow, retirees drawn to the Blue Ridge lifestyle, and first-time buyers exploring low-down-payment rural loan programs. With strong local schools nearby — including a highly rated elementary school just minutes away — and the natural beauty of the parkway on the doorstep, it offers a rare combination of space, affordability, and charm.

Listing Details

The home at 4045 Peaks Mountain Road, Galax, VA 24333 is listed at $269,000 (MLS #110651). You can view the full set of photos, the virtual tour, and complete property details directly on the official listing here: View this property on Zillow.

All prices, tax figures, payment estimates, and loan details are based on publicly available listing information and are provided for general informational purposes only. They are estimates and may change. Buyers should confirm current pricing, verify loan eligibility, and consult a licensed real estate agent, lender, and insurance provider before making any purchase decision.