Pearl Avenue

Big Stone Gap | Virginia

The Art of

Estate Living

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Colin Johnson

Presented At

$899,999

Bedrooms

Bathrooms

Living

5,200

SQFT

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308

Pearl Avenue

Big Stone Gap | Virginia

308 Pearl Avenue, Big Stone Gap, VA 24219, Big Stone Gap, Virginia, United States. , Big Stone Gap , Virginia 24219

Residential Big Stone Gap

Come see this exceptional downtown Big Stone Gap estate offering 1.3 acres and complete with a century-old poplar tree as your legacy centerpiece! The grounds include five distinct buildings: a stately main house, a versatile apartment with shop and two-car garage, a 1,300 sq ft storage building: offering potential for additional living quarters, a lower two car garage with full attic for storage, and a steel garage and garden shed—presenting extraordinary versatility for living, working, and playing that exceeds the standards of historical luxury! The historic main house, built sometime before 1908 and completely renovated in 1998, boasts over 2,700 square feet of gracious living space plus a fully conditioned attic and basement. Enjoy four spacious bedrooms, 2.5 updated baths, and accessibility features, including an interior and exterior elevator and wheelchair-friendly design. Renovations have preserved original character while delivering modern luxury: insulated exterior walls, a durable metal roof, Pella windows, custom cabinetry, network and coax cabling throughout, new upstairs heat pump with Trane CleanEffects electronic air filter, heated master bath floor, all new electrical and plumbing, central vacuum, newly replaced fixtures, and extensive rebuilt woodwork create a polished, effortless environment for comfortable living. The apartment/shop/garage offers 900 square feet of renovated living space with hardwood floors. Complete with one bedroom, and a full bath; open living/dining area and kitchenette provide flexibility for guests or rental income. The 900-square-foot shop features wood shelving, utility sink, and a two car garage with shared heating and central vacuum. The two-car main garage, complete with shelving and heat pump, integrates seamlessly for storage or workspace expansion. A 1,300-square-foot storage building with half bath, garage door, concrete floors, heat pump, and historically preserved doors and trim is ideal for pursuing your hobbies and future projects! A full two-car lower garage with attic and adjacent storage rounds out substantial vehicle accommodations. Lastly, the steel garage and garden shed opens onto Gilley Avenue, maximizing accessibility. This property offers four heated/cooled garages, three additional garage spaces, and two carports, ideal for collectors, hobbyists, or multi-generational living. Modern systems include three 200-amp electrical services, a new gas water heater, a 500-gallon LPG tank serving the main house and garage, and fresh exterior paint in 2023. Live with comfort, history, and flexibility! Call today to schedule your private showing and to experience this one-of-a-kind estate. You don't want to miss this one! Buyers and buyers agents to verify all information.

Gallery

3D Street View Tour

Property Location

308 Pearl Avenue, Big Stone Gap, VA 24219, Big Stone Gap, Virginia, United States., Big Stone Gap Virginia

Local Weather & Climate

Big Stone Gap, Virginia

Current Conditions Updated recently

60 °F

Overcast clouds

Feels Like 60°F

Humidity 90%

Wind 5 mph

Visibility 6.2 mi

Sunrise 11:33 AM

Sunset 11:43 PM

5-Day Forecast

Sat 21 Mar

Clouds

High 63°

Low 55°

Sun 22 Mar

Clouds

High 72°

Low 52°

Mon 23 Mar

Clouds

High 62°

Low 50°

Tue 24 Mar

Clouds

High 58°

Low 33°

Wed 25 Mar

Rain

High 51°

Low 39°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Big Stone Gap?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Tax Information Disclaimer

The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:

Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
Uses simplified assumptions that may not apply to your circumstances, including filing status, total income, other deductions, alternative minimum tax considerations, and local tax variations.
Should not be used as the basis for any tax planning decisions or financial strategies without consulting a qualified tax professional licensed in your jurisdiction.

Before making any decisions based on potential tax benefits, you should consult with a qualified tax advisor, certified public accountant (CPA), or licensed tax professional who can evaluate your specific circumstances and provide advice tailored to your situation.

Limitation of Liability: By using this calculator, you acknowledge that all results are approximations and should not be relied upon for financial, legal, or tax decisions. openluxe, its affiliates, officers, directors, employees, and agents expressly disclaim all liability for any damages, losses, or consequences arising from the use of or reliance on this calculator or the information provided herein. openluxe is not a lender, financial advisor, or tax professional and does not provide mortgage loans, financial advice, or tax advice. Use of this calculator does not create any professional relationship.

$899,999

308 Pearl Avenue, Big Stone Gap, VA 24219, Big Stone Gap, Virginia, United States.

Big Stone Gap, Virginia 24219

5 Beds

View All Photos

Market Opinion

Luxury 6.8× median

View prices in:

Our perspective on current market conditions in Big Stone Gap. For informational purposes only — always consult a licensed real estate professional before making decisions.

Good Time to Buy

Market conditions favor buyers. Consider making a move.

Buyer Score

Prices are down 2.9% year-over-year

Homes are taking 89 days to sell - more time to negotiate

Homes selling 7.6% below asking price on average

Local Market Price Trends

Median home sale prices in Big Stone Gap, Virginia — ZIP code 24219 over the last 24 months. This shows how property values in this neighborhood have changed over time, helping you understand whether the market is appreciating, stable, or cooling.

This property is listed at $899,999

Area median: $133,000

-2.9% year-over-year (well below the 3.5% historical avg)

Market Competition

89 days

Days on Market

Above typical

92.4%

Sale-to-List Ratio

Below asking

Future Value & Wealth Building

Starting investment: $899,999 20% down ($180,000)

42.4 years

Double Your Investment

Based on current market trends, your property value could double

$442,060

10-Year Equity

Your potential equity after 10 years of payments and appreciation

$4,790

Monthly Investment

Estimated monthly mortgage payment (principal & interest)

$1,470,014

30-Year Wealth Potential

Total equity after full mortgage payoff with market appreciation

2.5x

Leverage Power

Your $180,000 down payment could grow to $442,060 in equity (10 yrs)

Investment Perspective

$1 → $1.18

Every dollar invested today could become $1.18 in 10 years

$100 → 118 $1,000 → $1,178

$41/day

Your home may appreciate while you sleep

$285/week $1,237/mo $14,840/yr

$100K Investment Comparison (10 Years)

Real Estate (Leveraged)

$189K

S&P 500 Index

$259K

High-Yield Savings

$155K

Real estate leverage: potential -27% advantage over stocks

-$495K

+$442K

$442K Potential Equity

vs $495K lost to rent over 10 years

$180K Down Payment Growth

2.5x

10yr

$442K

4.6x

20yr

$836K

8.2x

30yr

$1.5M

Wealth Comparison

×4

Equivalent to 4 average US homes

top 10%

US household wealth ranking

Median: $193K Yours: $1.5M

Time to Double Your Investment (accounting for market cycles)

76.9

years

Conservative

0.91% effective/yr

42.4

years

Market-Based Opportunity

1.65% effective/yr

18.2

years

Optimistic

3.88% effective/yr

Projected Home Values (adjusted for market cycles)

10 Years

Conservative $985K +9%

Market $1.1M +18%

Optimistic $1.3M +46%

$442K est. equity

20 Years

Conservative $1.1M +20%

Market $1.2M +39%

Optimistic $1.9M +114%

$836K est. equity

30 Years

Conservative $1.2M +31%

Market $1.5M +63%

Optimistic $2.8M +213%

$1.5M est. equity

Historical Market Context

How current appreciation compares to long-term averages

National Long-Term Average

4.27 %

1967 – 2024

57 years of U.S. home price data

Recent Decade Average

6.5 %

2014 – 2024

Post-recovery bull market

Opportunity Zone

Current 2.5% appreciation is below the national historical average. This market may offer value opportunities.

Projections account for historical market cycles (~12% corrections every 6 years). Effective annual growth after corrections: 1.6%. Market scenario reflects current 2.5% YoY trend from Redfin (Mar 2026). These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Important Disclaimer

The information presented in this Market Opportunity Opinion is provided for informational and educational purposes only and should not be construed as financial, investment, legal, or real estate advice. This analysis represents our opinion based on publicly available data and should not be relied upon as the sole basis for any real estate or investment decision.

No Guarantee of Accuracy: While we strive to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of the data, projections, or analysis contained herein. Market conditions can change rapidly and unpredictably.

Not Professional Advice: This content does not constitute professional real estate, financial, or investment advice. We strongly recommend consulting with qualified professionals—including licensed real estate agents, financial advisors, attorneys, and tax professionals—before making any real estate or investment decisions.

Past Performance Disclaimer: Historical data and trends presented do not guarantee future results. Real estate markets are subject to numerous factors beyond the scope of this analysis, including economic conditions, interest rates, local regulations, and unforeseen events.

By viewing this information, you acknowledge that you understand these limitations and agree that the property owner, listing agent, brokerage, and platform providers shall not be held liable for any decisions made based on this analysis.

Data from U.S. Census Bureau, World Bank, Zillow, and Redfin | Market data updated Mar 2026

Neighborhood Demographics

ZIP 24219 • 2022 ACS Data

10,460 Population

Median Age: 41.0

$58,380 Median Income

Average

$142,100 Median Home Value

Rent: $746

17.7% College Graduates

Below Average

Housing

Homeowners 55.5%

Renters 30.1%

Vacancy Rate 14.5%

Employment

6.3% Unemployment

3.5% Work From Home

Education Attainment (Age 25+)

High School+ 86.7%

Bachelor's+ 17.7%

Graduate+ 6.0%

Data from U.S. Census Bureau American Community Survey 2022

Local Market Trends

Real estate market data for Big Stone Gap

Balanced Market Balanced market conditions

$133,000

Median Sale Price

$88

Price per Sq Ft

Avg Days on Market

Data provided by RentCast

Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does 308 Pearl Avenue, Big Stone Gap, VA 24219, Big Stone Gap, Virginia, United States have?

This house at 308 Pearl Avenue, Big Stone Gap, VA 24219, Big Stone Gap, Virginia, United States features 5 bedrooms with 5,200 square feet of living space.

What is the size of 308 Pearl Avenue, Big Stone Gap, VA 24219, Big Stone Gap, Virginia, United States?

This property offers 5,200 square feet of living space.

What is the listing price for 308 Pearl Avenue, Big Stone Gap, VA 24219, Big Stone Gap, Virginia, United States?

This property is listed at $89,999,900, which equals $17308 per square foot.

What are the current real estate market conditions in Big Stone Gap?

In Big Stone Gap, home prices have decreased 2.9% over the past year, homes typically sell within 89 days, it's currently a unknown. These market conditions can affect pricing strategies and negotiation opportunities.

Is now a good time to buy a home in Big Stone Gap?

Based on current market indicators, Big Stone Gap shows an active market. The market opportunity score is 73 out of 100, reflecting factors like price trends, inventory levels, and days on market.

What type of property is 308 Pearl Avenue, Big Stone Gap, VA 24219, Big Stone Gap, Virginia, United States?

This is a house located in Big Stone Gap, Virginia. The property is situated in an established neighborhood with convenient access to local amenities and services.