510 Mount Pleasant Farm Road
Scottsville, VA, 24590 $ 52,600,000
Baths0.0 Monthly Estimate*
$ 367,427
Studio
for $52,600,000. The lot size is 2784.
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.
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Lots and Land ActiveBeer/Wine/Liquor,Land/Lot Only,Livestock,Multi Res
FeaturesGeneralSewer 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 N
Possible Use Hotel/Motel Commercial Food & Beverage Investment Land/Lot Only Mixed Use Residential Restaurant Special Purpose Other
Water Access Y/N N
Status ACTIVE
Directions Call listing agent for directions
City SCOTTSVILLE
Buyer Agent Compensation 3
Lot Size Square Feet 121271040.00
Waterfront Y/N N
Street Name MOUNT PLEASANT FARM ROAD
Tax Annual Amount 39430.0
Price Per Sq Ft 0.43
Additional Parcels Y/N Y
Vacation Rental Y/N N
Virtual Tour https://vimeo.com/manage/videos/452293781
Days on Market 307
Standard Status Active
Buyer Agent Compensation Type % Of Gross
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ExteriorWater Source Well
Water View Y/N N
Lot Size Acres 2784.00
Lot Size Units Square Feet
Lot Size Source Estimated
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByTtr Sotheby's International RealtyBroker
daniel@danielheider.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $367,427
- Monthly Property Taxes
- $3,286
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Scottsville, VA
Average List Price $5,496,239
Percent of Sale Price 90%
About Scottsville, VA 580 Population
3% Since 2002
$ 58,296 Median Income
44.23 Median Age
20% Households with Children
Trends Information provided by ATTOM Data Solutions.
3536725 Elementary School
3536715 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
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6/29/2023 | $52,600,000 | | Listed Price |