$7,600,000
Beds:
4
Baths:
2 full, 1 half
Sqft:
2,100
Sqft lot:
12,606,263
Acre lot:
289.40
241 Days On Market -
Courtesy of Daniel Heider, TTR Sotheby's International Realty daniel@danielheider.com
Status:
Active
Property Type:
Single Family Residential
Year Built:
2014
Neighborhood:
Albemarle
Days On Website:
241
Description
Introducing an extraordinary opportunity to own a community of nine single-family homes and five finished lots, with an additional eleven lots permitted by-right, nestled in the heart of Albemarle County. This property is ideally situated within the exclusive 5,000-acre Mount Ida Reserve, offering unparalleled proximity to Charlottesville's finest destinations. Just minutes from the world-renowned Trump Winery and the luxurious Albemarle Estate, as well as the Tasting Room & Tap House at Mount Ida Reserve, this exceptional offering seamlessly combines investment potential with the allure of Virginia wine country. Set against a backdrop of over 250 acres of rolling hills, The Farms at Jefferson Mill is a picturesque neighborhood of colonial-style homes with extensive road and river frontage. The location provides a rare blend of tranquility and convenience, situated close to downtown Charlottesville and surrounded by some of the region's most prestigious attractions. Each home and lot in this remarkable neighborhood has been thoughtfully designed for both elegance and functionality. The homes feature hardi-plank siding and range from 2,100 to 3,000 square feet, offering 4-5 bedrooms, 2.5-3.5 baths, an attached 2-car garage, a 20 x 12 deck, and an 1,100-square-foot unfinished walk-out basement, roughed-in for an additional bedroom and bathroom. This cohesive design simplifies management, making the property ideal for both residential and investment purposes. Beyond the nine existing homes, the assemblage includes five additional buildable lots and eleven by-right development rights on the remaining acreage, creating a total of 25 potential homes. Existing infrastructure, including underground electric and fiber, is already in place, streamlining future development. The Farms at Jefferson Mill offers unmatched versatility: it can be operated as a traditional single-family home community or leveraged as a short- or long-term rental investment. The location's proximity to Mount Ida Reserve, which hosts over 50,000 annual guests, ensures consistent demand for short-term rentals. Historically, long-term rentals have generated an annual income of $228,000, while short-term rentals have proven even more profitable, with recent earnings of $288,000 annually and weekend stays fetching $3,000 each. Coupled with the income potential, the additional by-right development presents a unique upside for an extraordinary investment opportunity.
Features
Basement
- Unfinished
Bathrooms
- 3 total bathrooms
- 2 bathrooms on all upper levels
- 2 full bathrooms
- 1 half bathroom
- 1 half bathroom on main level
Bedrooms
- 4 bedrooms on upper levels
- 4 bedrooms
Building
- 2,100 sqft living area
- 2,100 sqft above grade (finished)
- Built in 2014
- Structure Type: Detached
- 2 levels
- HardiPlank Type
Cooling
- Central Air
- Electric
- Central A/C
Foundation
- Concrete Perimeter
Garage
- 2 garage spaces
Heating
- Central
- Heat Pump(s)
Listing
- 241 days on market
- $3,619 per sqft
- Property SubType: Single Family Residential
Location
- County: Albemarle
- Subdivision: Albemarle
Lot
- 12,606,264 sqft
- 289.4 acres
Property
- Other Structures: Above Grade,Below Grade
Schools
- School District: ALBEMARLE COUNTY PUBLIC SCHOOLS
Sewer
- No Sewer System
Taxes
- City/Town Tax Pymnt Freq: Annually
- County Tax: $4,259
- County Tax Pymnt Freq: Annually
- Tax Annual Amount: $4,259
- Tax Year: 2023
Property Map
Map View
$7,600,000 - 6308 Jefferson Mill Road, Scottsville, VA 24590
Street View
Directions
6308 Jefferson Mill Road
Scottsville, VA 24590
County: Albemarle
Nearby Schools
Local Sales
This content last updated on December 27, 2024 5:02AM.