Coulter Farmstead and Historic Wolff Mercantile

washington, AR   Offered for sale at $1,750,000

Coulter Farmstead is a 19th century paradise. The centerpiece, and owners residence, is the 1861 Coulter House; an ante-bellum Greek Revival beauty. Surrounding the Coulter House is 10 acres, with 5 historic rental cabins around the perimeter, and the 1871 Historic Wolff Mercantile onsite serving as a gift shop and event space for bridal showers, baby showers, and weddings. Coulter also has a large 20x40 salt water pool common to all guests just behind the coulter house.
Rynders log cabin is 1bd/1bth, Kirksey log cabin is 2bd/1bth, Greenbrier Dogtrot is 2bd/2bth, Bozeman Barn is 3bd/1bth, and the Neal log cabin is 6bd/2bth. Coulter House is 2bd/2bth and has been used as owners residence. The Beauty of having multiple houses is the privacy the owner keeps, breakfast is served room service style, and all entertaining is done by the pool or in the Mercantile, your home remains your home.
Coulter Farmstead is in a unique location offering huge occupancy benefits; we are inside city limits touching Historic Washington State Park, we are 30 minutes from the Crater of Diamonds State Park, and only 8 miles from interstate 30. Historic Washington State Park has many events throughout the year that sells out weekends in advance, and is home to the Bowie Knife and Bowie knife festival. The Crater of Diamonds State Park is the only public diamond mine in the world, is 30 minutes away, and drives high occupancy from March-December. interstate 30 is less than 10 minutes away at Hope, AR and keeps the weekdays filled with guests traveling to and from Texas.
Recent valuation appraised Coulter Farmstead at $1,740,000 with only 4 rental cabins, the 5th being finished summer of 2023. We currently have bookings 10 months out, with busy season nearly full 2-3 months out. Coulter Farmstead also has 4 RV hookups we use strictly with Harvest Host program that really stimulates mercantile sales.
The sale of Coulter Farmstead conveys all furniture (other than personal furniture in Coulter House), all equipment (mowers, appliances, minisplits, yard equipment). This is a turn key operation, it will generate around $300k in revenue 2024, and will do $330-$350k in 2025-2026 with the economy predictions and new focus on increasing wedding frequency.
Coulter Farmstead is BUSY, it has 7 historic buildings, 10 acres of land, 7 acres of mowing, goats, pigs, chickens. 9 months of the year is absolutely packed, it is still rare to be empty in slower months. Along with being BUSY, it is also BEAUTIFUL, MAGICAL, and a wonderful way to make a great living from home.

Property Details
  • 14 Guest Rooms
  • 8 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1861
  • Last Renovated in 2023
  • Opened in 2018
  • Building is 8,800 SQFT
  • Lot is 10 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $1,750,000
  • Occupancy Rate: 55
  • Average Daily Rate: 185
  • Annual revenue is $275,000
  • Terms: ADR is room only, breakfast, pets, late/early check in, and mercantile are all additional revenue
  • Prequalify for Financing
Contact Information