1738 State Road 111 New Albany, IN  47150

Welcome to 'Rabbit Ridge,' - PROPERTY IS CURRENTLY OCCUPIED WITH AN AIR BNB GUEST. SHOWINGS TO RESUME MONDAY JANUARY 29, 2024. Nestled on a 1.5-acre lot near downtown New Albany and Louisville, this iconic 1839 Federal style home, stands as a pinnacle of historic grandeur. Originally built by Charles Dowerman during the steamboat-building era, this estate has been lovingly restored with character and charm. This remarkable property is ideal for an investor as it is an established and successful Air B&B business. With no immediate neighbors on either side, it is the perfect place to host large groups and can double as a beautiful event space. Guests love the updated kitchen with a large island and the large classic dining room featuring a custom-built armoire. The large formal living room, seamlessly flows into an office/den with exposed wood beams that were salvaged from an old barn on the property. The summer kitchen boasts elegant stained glass windows and a loft area. Ascend the split staircase to discover a pub room with a wet bar and three bedrooms adorned with built-in wardrobe armoires, a covered balcony, and two full bathrooms. The home further boasts four mantled fireplaces, antique fixtures, molding, high ceilings, large windows, and hardwood floors. A detached three-car garage complements the expansive 1.5-acre grounds, providing both space and privacy.