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President's House Bed & Breakfast


Plainview, TX   Offered for sale at $595,000
 

This stately two-story home was built in 1939 for a local businessman Mays Osborne and his family. In 1966 the family gifted their spacious home to Wayland Baptist University to serve as the private residence of their presidents. Over the years, its historical integrity and charm have been maintained to perfection. Generations of local residents have admired the beautiful home, referring to it as The President's House. When innkeepers Mike and Debra Melcher purchased the home, they felt it was appropriate to continue the presidential tradition for which it was known, thus the name The President’s House Bed and Breakfast.

The President's House is located just 5 blocks from downtown in a quiet, residential neighborhood. It is located just 6 blocks from Wayland Baptist University, one of the main attractions in Plainview, TX. The home is situated on a beautifully landscaped 3 1/2 acre lot. The entire 3.6 acre property is equipped with a full sprinkler system. There are many shade trees and a large patio area to enjoy as well. There is a beautiful, large front porch with regal columns that make this home a statement. The front and back yards have lush green grass and established trees. The back yard has been used for many large gatherings and events and is a perfect location for an outdoor party, or even a wedding. The beautiful patio area provides hours of relaxing after a busy day or have breakfast there and enjoy the beautiful West Texas mornings. Entrance to a storage area is located in the back yard, as well as a second entrance to the garage, the first being out front and from inside the house. To the side of the back yard, you will also find a large parking pad for guest access.

Inside The President’s House are 4 large guest rooms with private baths, 1 elegant two-room suite with a large his-and-her bath and a cottage with a private entrance as well as private bath, totaling 6 guest rooms all together. All are appointed with high-quality linens, fluffy towels, signature toiletries and luxurious spa robes. Each one is elegantly furnished with comfort in mind to include a mini-refrigerator, closet, television, and a private desk or work-space. The house is currently set up to be equipped with wireless internet and cable television. Common areas of the house are quite large and perfect to hold gatherings of any kind. There is a comfortable den area as well as a large formal living room with multiple different seating options, as well as enough space to set up tables if needed for a party or gathering. Located centrally between the den and living room is the large formal dining room with extended bar that is perfect for buffet services during meals. The beautiful entryway of this home gives access to the staircase leading to upstairs rooms, and there is a separate back staircase leading upstairs as well.
The President’s House is equipped with a large, easy-to-maneuver kitchen, a walk-in pantry, and a laundry room located just off the kitchen with ample storage and sink for all laundry needs. In addition, there is a large basement that has overflow capability for whole house parties and doubles as a game room for guest.

Ample parking is available for all our guests in the circle drive, or the private off-street parking pad located next to the back yard.

Things that have drawn guests to Plainview are the many shopping experiences including locally owned boutiques and antique shops, fine restaurants, visiting local family, or touring Wayland Baptist University. Also located within an hour of Plainview is Texas Tech University in Lubbock, TX, as well as Palo Duro Canyon State Park located outside Canyon, TX. These are popular area attractions that guests are sure to enjoy.

Said to be the best kept secret on the Plains of Texas is our beloved Wayland Baptist University. Founded in 1908 by a medical doctor, James Henry Wayland, the university serves as the hub for just about everything in Plainview.



Property Details
  • 6 Guest Rooms
  • 6 Guest Room Baths
  • Built in 1939
  • Last Renovated in 2017
  • Opened in 2017
  • Building is 6,000 SQFT
  • Lot is 3.67 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $595,000
  • Occupancy Rate: appx 40%
  • Average Daily Rate: 159.00
  • Annual revenue is $140,000
  • Terms: Prefer cash transaction but with a strong buyer owner might consider some owner financing. Sale is for the entire property with furnishings and equipment. Our business is about 35% derived from events
Contact Information
  • To learn more contact Mike Melcher
  • Email: melcherp@wbu.edu
  • Phone: 8066762060
  • Phone 2: 8066764583