6414 JEFFERSON MILL RD, SCOTTSVILLE,VA 24590

$7,600,000

6308 JEFFERSON MILL RD, SCOTTSVILLE, Virginia 24590 - $7,600,000

289.40 Acre
Marketed by Virginia Estates

For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com

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.

For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com

Property Details
Basic Details
Property Type : Farm
Price : $7,600,000
Year Built : 2014
Lot : 289.40 Acre
Status : Active

For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com

Features
: Heat pump(s)
: Central a/c

For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com

Address Map
US
VA
Charlottesville and Surrounding Counties
Albemarle
SCOTTSVILLE
24590
W79° 32' 21.9''
N37° 51' 24.4''

For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com

Additional Details
25,286 Sq.Ft
: Ra
N
: Settlement, Immediate
Septic Exists
: Well
$0
300.56
2023
4259

For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com

For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com

    For Immediate Personal Service from a Local Agent

     

    Call (434) 981-5923

    rick@virginiaestates.com







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    For immediate response contact RICK WALDEN 434-981-5923, RICK@VIRGINIAESTATES.COM.
    Virginia Estates uses MLS data from Charlottesville Area Association of Realtors, Richmond Association of Realtors, Chesapeake Bay & Rivers Association, and Bright MLS to generate real estate listings for sale on this website. This information is deemed to be reliable, but not guaranteed. Virginia Estates has attempted to offer accurate data, but buyers are advised to confirm all items from IDX and from this website. TTR Sotheby's International Realty represents the interest of the seller 2022343344 VAAB2000598. What is IDX? According to IDXBroker.com, IDX (Internet Data Exchange) allows agents and brokers to access and display MLS listing information on their real estate websites. Also known as Broker Reciprocity, the term "IDX" refers to the software, rules and regulations which allow MLS data to show on your site. This data feed typically encompasses the listing data for properties entered into the MLS system, while IDX rules may determine where, what, and how it is displayed.
    For buyer representation by Virginia Estates contact RICK WALDEN 434-981-5923, RICK@VIRGINIAESTATES.COM.