Basye Multifamily for Sale
Chalet High presents a rare opportunity to acquire a large-scale residential portfolio in one of Virginia’s most recognized four-season resort destinations. Nestled within Bryce Resort in Basye, this 76-unit community—comprising 69 townhomes, 7 single-family homes, and a clubhouse with indoor pool, sauna, and fitness facilities—offers unmatched flexibility for investors and developers. The property spans nearly 10 acres and backs directly onto the Bryce Resort Golf Course, delivering panoramic mountain and fairway views.
Strategically positioned just off Interstate 81 and approximately 115 miles from Washington, D.C., Chalet High benefits from strong regional demand for vacation homes and rental housing. The asset is offered fee simple, free of timeshare or lease obligations, enabling multiple monetization paths: renovate and resell individual units, operate as a branded resort lodging destination, or reposition for short- or long-term rentals. Five additional vacant lots provide expansion potential or resale upside.
With proximity to skiing, golf, lake recreation, and year-round outdoor activities, Chalet High combines scale, location, and lifestyle appeal. Investors can capitalize on the growing trend of second-home ownership and short-term rental demand in the Shenandoah Valley, supported by a regional population exceeding 200,000 within 25 miles and household incomes averaging $70K–$90K. This is a compelling opportunity to unlock value in a premier mountain resort setting.
