Waterfront
Listed By:
TTR Sotheby's International Realty
Address
510 Mount Pleasant Farm Road, Scottsville, VA
Price
$ 52,600,000
Property Attributes
  • MLS#VAAB2000430
  • TypeLand
  • CountyALBEMARLE
  • CityScottsville
  • Zip24590
  • StyleBeer/Wine/Liquor,Land/Lot Only,Livestock,Multi Res
  • Taxes$ 39430
  • Price$ 52,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2784 Acres
Data Source:
Bright MLS
Property Description

Mount Ida Reserve is a once-in-a-lifetime opportunity located just outside the city of Charlottesville, Virginia, within minutes of The University of Virginia. The former estate of Bernard Arnault expands almost 2,800 acres and is located along Blenheim Road, a historic route in Southern Albemarle County - home to Monticello, Ashlawn Highland, Trump Winery, Dave Matthews' Blenheim Vineyards, Grace Vineyard, and Steve Case's Early Mountain Vineyard. The property has undergone an almost two-decade transformation by its current owners. Surrounded by large country estates and wineries, Mount Ida Reserve stands out not only due to its sheer scale (more than twice the size of nearby Trump Winery & Estate) but also from its unique inventory of physical features, including miles of private river frontage, spectacular mountain views, rolling hills, fertile farmland, hardwood forests, and a large privately owned lake. The property has no conservation easements. The owners have spared no expense investing in infrastructure covering the entire 2,800 acres. The property hosts an impressive collection of buildings, including large manor homes and other single-family residences, multiple award-winning event facilities, stable barns and storage buildings, as well as a 45-acre lake and accompanying beaches. The entire property is connected with high-speed fiber-optic capability and includes miles of underground power, bridges, a concrete dam for the lake, 15 miles of paved roads, 25 miles of board fencing, five diesel backup generators, 25 springs, and multiple automated wrought iron gated entrances help service and secure the property. The property is perfect for a family compound, corporate retreat, flagship corporate campus, or long-term investment. With 150 by-right parcels, the property is uniquely positioned for further development around the existing facilities. Alternatively, the property is a prime candidate for a conservation or stream impact easement offering significant tax benefits. This incomparable property includes a turnkey opportunity complete with well-trained and experienced staff. Additionally, a hotel Study prepared by HVS for 100 key hotel is available for review.

Price History
6/29/2023 Listed $52,600,000

General Features

Sewer Septic Exists
Possession Negotiable
Zoning RA
Property SubType Land
Tax Year 2023
Current Use Beer/Wine/Liquor,Land/Lot Only,Livestock,Multi Residential,Residential,Restaurant
Percent Ownership Fee Simple
County ALBEMARLE
Property Type Land
HOA / Comm Assn No
Possible Use Hotel/Motel,Commercial,Food & Beverage,Investment,Land/Lot Only,Mixed Use,Residential,Restaurant,Special Purpose,Other
Water Access Y/N No
Status ACTIVE
Directions Call listing agent for directions
ModificationTimestamp 2024-04-24T17:24:22
City SCOTTSVILLE
Buyer Agent Compensation 3
Lot Size Square Feet 121271040.00
Tax Assessed Value 4617100.0
Waterfront Y/N No
Street Name MOUNT PLEASANT FARM ROAD
Tax Annual Amount 39430.0
Price Per Sq Ft 0.43
Additional Parcels Y/N Yes
Vacation Rental Y/N No
Virtual Tour https://vimeo.com/manage/videos/452293781
Days on Market 307
Standard Status Active
Buyer Agent Compensation Type % Of Gross

Exterior Features

Water Source Well
Water View Y/N No
Lot Size Acres 2784.00
Lot Size Units Square Feet
Lot Size Source Estimated
Navigable Water Y/N No
Water Oriented Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 24590

Price
AVG $5.93M
$52.6M
Taxes
AVG $4,638
$39,430
Visits
AVG 396
2680
Data Provided by Inside Real Estate®

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