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75 Margarets Ln, Lexington, VA 24450

$699,000

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Active Price Reduced by $20,000 on April 1st, 2026

BEDS4 BATHS2 full SQUARE FEET1,836 MLS#139656

STATUS PROPERTY TYPEResidential - Single Family

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Property Description

Enjoy peaceful country living just 10 minutes from historic downtown Lexington, home to W &L and VMI. This sweetly renovated 4-bedroom, 2-bath farmhouse sits on just over 16 beautiful acres, perfectly set up for horses or hobby farming.The property features 3 fenced paddocks, a two-stall barn with feed/tack room, run-in shelter and a riding arena. An old 1900s barn, full of character and history -- now used for hay storage but brimming with potential to be revived. The established orchard offers apples, pears, peaches, and plums-- a backyard full of bounty!Brand-new solar panels make the home energy-efficient. Inside, the farmhouse has been thoughtfully updated -- bright, inviting, and full of character.

75 Margarets Ln | MLS# 139656

This single family home located at 75 Margarets Ln, Lexington, VA 24450 is currently listed for sale with an asking price of $699,000. This property was built in 1900 and has 4 bedrooms and 2 full baths with 1836 sq. ft. Search Lexington real estate on budkreh.montaguemiller.com today.

Property Features

Property Type: Residential - Single Family

Basement: Interior Access, Partial, Slab, Walkout

Cooling: Central Cooling

Garage: Detached, Storage

Heating: Electric, Gas, Heat Pump(s), Liquid Propane

Home Style: Farm House

Lot Size: 16.13 Acres

Roof Type: Shingle

Taxes: $2,189

Year Built: 1900

Feature Descriptions

Additional Features: Cable Available, Ceiling Fan(s), Chickens Permitted, Deck-Rear, Horses Permitted, Porch-Front, Security System, Shed, Smoke Detector, Storage Building, Storm Door-Front, Storm Door-Rear, Thermopane Windows, View - Mountains, View - Panoramic, Workshop

Appliances: As Is, Dishwasher, Electric Range, Microwave, Oven, Refrigerator, Smoke Detector

Attic: Scuttle, Unfinished

Best Use: Agricultural, Bed & Breakfast, Farming, Horses, Residential

Buildings: Barn(s), Equipment Shed, Garage, Hay Shed, Horse Barn, House, Stable

Current Use: Horses, Residential, Vacation Rental

Days on Site: 150

Exterior: Vinyl, Wood

Exterior: Barn, Covered Porch, Deck, Fenced Yard, Porch, Storage Shed, Sunrise View, Sunset View

Fencing: Split Rail, Wood

Fireplace: None

Flooring: Carpet, Wood

Interior: Book Shelves, Storage, Walk-in Closet

Lot: Mixed, Open, Pasture, Rolling, Views

Lot Dimensions: 16.13 Acre(s)

Parking Notes: Detached, Storage

Sewer: Existing Septic

Utilities Available: Electric

Water: Well

Local Schools

High School: Rockbridge Co

Middle School: Maury River

Elementary School: Central

Listed By / Shown By

Listed By

Agency Name: Lexington Real Estate Connection
Agency Phone: (540) 463-2016

Shown By

Agent Name: Bud Kreh
Agent Phone: (540) 829-3144
Agency Title: Montague Miller & Co. Realtors

Estimate Your Payment

Estimated Payment

$ 1,941.96 per month $1,555.67 Principal & Interest $182.42 Property Tax $203.88 Homeowner's Insurance

Change Payment Information

75 Margarets Ln, Lexington, VA 24450

$699,000

SAVE TOUR THIS HOME

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/06/2026. The listing information on this page last changed on 04/06/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 04/06/2026 12:01:33 AM EST) or CAAR MLS (last updated Sun 04/05/2026 11:10:08 PM EST) or Staunton MLS (last updated Sun 04/05/2026 11:40:16 PM EST) or HRAR MLS (last updated Sun 04/05/2026 11:28:49 PM EST) or Lynchburg MLS (last updated Sun 04/05/2026 9:32:42 PM EST) or Rockbridge, Lexington, Buena Vista MLS (last updated Sun 04/05/2026 4:00:05 PM EST) or Bright MLS (last updated Sun 04/05/2026 11:55:47 PM EST). Real estate listings held by brokerage firms other than Montague Miller & Co. Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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