Property Description

Introducing a unique opportunity to purchase a community of nine single-family homes and five finished lots in Albemarle County with an additional eleven lots permitted by-right. The property is included within the 5,000 acres comprising Mount Ida Reserve. Each home and lot are located within minutes of the Tasting Room & Tap House at Mount Ida Reserve and downtown Charlottesville, the Farms at Jefferson Mill is a beautiful neighborhood of colonial homes situated on over 250 acres of rolling hills with extensive road and river frontage. The homes are thoughtfully constructed with similar footprints for easy management. Each home lot boasts hardi-plank siding, 2,100 -3,000 square feet of living space, 4-5 bedrooms, 3.5-2.5 baths, attached 2 car garage, 20 x 12 deck and an 1,100 square foot unfinished walk-out basement roughed in for an additional bedroom and bathroom. In addition to the nine existing homes, the assemblage offers five additional buildable lots plus another eleven development rights on the remainder of the acreage for a total of 25 potential homes that can be constructed by-right. Existing infrastructure (underground electric and fiber) are in place. The Farms at Jefferson Mill can be operated as a single-family home community or managed as a short- or long-term rental community to serve the more than 50,000 annual guests of Mount Ida Reserve. Historically, long-term rentals generate an annual income of $228,000, while short-term rentals have proven to be more profitable, with recent annual earnings of $288,000. The demand for short-term rentals is remarkably consistent, with weekends generating $3,000 per stay. Coupled with this income, the additional by-right development offers extensive upside for a rarified investment opportunity.

Features
: Heat Pump(s)
: Central A/c
: Unfinished
: No Sewer System
: Above Grade, Below Grade
: Well
Address Map
US
Virginia
Charlottesville and Surrounding Counties
Albemarle
SCOTTSVILLE
ALBEMARLE
24590
6308 JEFFERSON MILL RD
0
W79° 32' 21.9''
N37° 51' 24.4''
Additional Details
: Other
: Settlement, Immediate
$3,619
2023
$4,259
Daniel M Heider

6308 JEFFERSON MILL RD, SCOTTSVILLE, Virginia 24590

2,100 Sqft
$7,600,000
ID #VAAB2000596
Basic Details
Property Type : Residential
Price : $7,600,000
Floor Size : 2,100 Sqft
Year Built : 2014
Lot : 289.40 Acre
Contact Agent

     

     

     

     


    For immediate response contact RICK WALDEN 434-981-5923, RICK@VIRGINIAESTATES.COM.
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    For buyer representation by VirginiaFarmsforsale.com contact RICK WALDEN 434-981-5923, RICK@VIRGINIAESTATES.COM.