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33464470
33464469

279 Greenview Drive, Saylorsburg, PA 18353

GH
PA RS375580
Howard Hanna Real Estate Services Inc Lehigh Valley
Listed by Howard Hanna Real Estate Services Inc Lehigh Valley
$5,200,000
3 days on market
Updated 3 days ago

279 Greenview Drive

Details
Property Type Multifamily, Hospitality (+1)
Sub Type RV Park, Motel (+1)
Units 10
Beds 14
Cap Rate 3.3%
NOI $171,778
Occupancy 85%
Tenancy Multi
Rent Bumps Yes
Pro-Forma Cap Rate 5.36%
Pro-Forma NOI $278,955
Price per SqFt $426
Broker Co-Op False
Year Built 2019
Year Renovated 2019, 2022
Buildings 10
Stories 3
Acreage 40 - 50
Zoning RR
Parking Spaces 22 spaces
Investment Type Value Add
Sale Condition N/A

A Private Resort‑Style Preserve Offering Endless Recreation, Serenity, and Investment Potential

Marketing description

A rare investment and lifestyle opportunity. Split Creek Cottages is a

boutique-style retreat offering multiple income streams, a serene natural

setting, and exceptional potential for future expansion. Built in 2019, these

beautifully appointed cottages combine modern construction with

exceptional comfort and style. Each unit is fully furnished with premium,

high-end furnishings, providing a luxurious and move-in-ready retreat in a

welcoming cottage setting. Originally a historic church, the building was

completely gutted to its structural framework and meticulously rebuilt,

blending modern luxury with timeless character. Today, the property

showcases exceptional craftsmanship and is elegantly furnished with

high-end furniture and finishes throughout, creating a truly one-of-a-kind

experience.This established

property includes 7 long-term cottage rentals, 1 short-term cottage rental,

and a beautifully converted church now operating as a short-term guest

house, each thoughtfully finished to blend comfort with character.

The grounds are equally impressive, featuring 5 picturesque ponds, a

gorgeous flowing creek, and additional campsites tucked toward the back

of the property, creating even more avenues for guest experiences and

revenue. The land also carries a unique history—a former airfield once

operated here, and the existing hangar remains in excellent condition,

offering a stunning, open-air structure that would serve perfectly as a

wedding reception venue, event space, or future amenity build-out.

With its diverse rental mix, strong income history, and a landscape that

naturally elevates every stay, Split Creek Cottages stands out as a

one-of-a-kind offering. The 40+ acres provide ample room for additional

development—ideal for a wellness retreat, wedding destination, luxury

rental collection, or private family compound. For buyers seeking both

beauty and long-term vision, this property delivers unmatched potential.

Investment highlights

Established Rental Portfolio Producing Immediate Cash Flow

Split Creek Preserve includes seven stabilized long‑term rental units, each with consistent occupancy and reliable monthly income. This built‑in rental base provides investors with predictable cash flow from day one, reducing risk and strengthening underwriting.

Two High‑Performing Short‑Term Rentals

The property also features two continuously booked short‑term rental units, benefiting from the region’s strong year‑round tourism demand. These units deliver premium nightly rates and exceptional occupancy, offering a lucrative income stream with upside potential through dynamic pricing, amenity upgrades, or expanded STR offerings.

Listing Contacts

GH
PA RS375580
Howard Hanna Real Estate Services Inc Lehigh Valley
Listed by Howard Hanna Real Estate Services Inc Lehigh Valley

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$171,778.00
$14,314.83/mo

Valuation Metrics

0
DSCR
3.3%
Cap Rate
3.3%
ROI

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Additional Information

Name
Doug Frederick
License
RM420385
Brokerage
Howard Hanna The Frederick Group
Title
Broker of Record
Brokerage Address
3500 Winchester Road Suite 201 Allentown PA 18104
Name
George Haddad
License
RS375580
Brokerage
Howard Hanna The Frederick Group
Brokerage Phone
610-398-0411
Brokerage Address
3500 Winchester Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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