322 River Road and the Winchester Stables sit on one of the most beautiful sites in all of Vermont. The equestrian estate, comprised of a large farmhouse, apartment, barn, stables, riding rings, pastures and river frontage, lies in the scenic West River valley. The 1860 farmhouse with its great room, living room, family room, 9 bedrooms and 8 bathrooms along with the 42,376 square foot barn consisting of 48 stalls, a large indoor riding ring, a wash room, a tack room and a break room, offers a prime opportunity for an equestrian or farming oriented bed-and-breakfast. Additional features include outdoor riding rings, 30 paddocks, pasture, extensive river frontage and ponds. The 2 bedroom apartment makes perfect staff lodging. The stunning property is just outide Newfane Village, an historic New England district and county seat. It is only minutes from I-91. NOTE: The gross income in the financials reflects estimated room income only, no stables income. The operating expenses are based on the entire property. A recent Vermont Law allows easy permitting for agricultural tourism, which would apply to hospitality related to horses or farming. Information about agri-tourism is attached in Documents. The buildings do not lie in the flood zone. All of the details in the virtual tour are not accurate, as the property has been reduced in size. A 2021 tax appeal resulted in a reduction of the assessed value to $1,519,200 and a resultant reduction in taxes. Also listed as MLS #4772993.