$6,900,000

6308 JEFFERSON MILL RD, Scottsville, VA 24590

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2014
  • Property Lot Size Icon268acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

Introducing an extraordinary opportunity to own a community of eight 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 $192,000, while short-term rentals have proven even more profitable, with recent earnings of $245,000 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.

Listing Status:
Active
Listing Office:
TTR Sotheby's International Realty : 2022343344
Listing Agent:
Daniel M Heider : 2029383685
MLS ID:
VAAB2000598
  • A/C: Central A/C
  • Heating: Heat Pump(s)Central
  • Disability Feature: None

This listing courtesy of Daniel M Heider, TTR Sotheby's International Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Scottsville Elementary School

7868 Scottsville Rd, Scottsville, VA, 24590

Grades PK-5

4.03 miles away

W

Walton Middle School

4217 Red Hill Rd, Charlottesville, VA, 22903

Grades 6-8

6.66 miles away

M

Monticello High School

1400 Independence Way, Charlottesville, VA, 22902

Grades 9-12

9.78 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.