Located in the northern end of the F.T. Valley, Roundabout Farm has a 3 bedroom/ 2.5 bath farmhouse on 47.25 +/- acres. The main house was built c. 1845 by a local farming family who raised a variety of crops and livestock. Located in the northern end of the Francis Thornton (F.T.) Valley, one of the most scenic areas of lovely Rappahannock County, Roundabout Farm is ready for the next chapter in its interesting history.The main house was built c. 1845 by a local farming family. Corn was raised on rich bottom land along Beaverdam Creek and the higher meadows provided hay and grazing for a herd of cows and a few horses. Higher on the side of Poortown Mountain there were peach and apple orchards.In the mid 60s Roundabout Farm was bought by a family with a dream of running a horseback riding camp for girls. They built stables, a riding ring, a dormitory style bunk-house and a dining hall. Old dependencies were converted into craft studios. It was a delightful operation that provided great memories for many young horse women.Now the property is for sale for the first time in nearly 50 years, awaiting new dreams and revitalizing energy.The main house is a charming old farm house with stone chimneys, tin roof and a wide front porch under old maple trees. The home retains much of its pre-civil war ambiance with two fireplaces and the original plaster, mantels, doors and woodwork. A more recent large living room addition could be converted into a delightful main floor master suite. Although perfectly livable as is, the house will really shine with some deft remodeling.With the bunk house, dining hall, dependencies and a detached garage with a small apartment, the 32.8-acre property has numerous possibilities and opportunities. An adjoining 47-acre lot ($449,000) is available with the purchase of the main house property. Currently used for hay and cattle, the property is obviously suited for horses as well. With its great location, the property is ideal for a vineyard on the upper meadows and a tasting room in the old bunkhouse. Other possibilities include studio space for artists, a small retreat center or simply a fun property for relaxing and enjoying the country life.This property is being sold in AS IS condition.The property is located about 1.5 miles south of Sperryville, recently selected as the best small town in Virginia. Sperryville features restaurants, a coffee shop/wine bar, a whiskey distillery, two breweries, a yoga studio and gym, art galleries and a nine-hole golf course. There is also an entrance to the Shenandoah National Park in Sperryville and the mountains surrounding the village are laced with great hiking trails for exercise and exploring.