Listed By:
TTR Sotheby's International Realty
Address
510 Mount Pleasant Farm Road, Scottsville, VA
Price
$ 52,600,000
Property Attributes
  • MLS#VAAB2000428
  • TypeSingle Family
  • CountyALBEMARLE
  • CityScottsville
  • NeighborhoodMount Ida
  • Zip24590
  • Style
  • Year Built2005
  • Taxes$ 39430
  • Price$ 52,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2784 Acres
Data Source:
Bright MLS
Property Description

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.

Price History
6/29/2023 Listed $52,600,000

General Features

Sewer Septic Exists
Heating Heat Pump(s)
Cooling Central A/C
Possession Negotiable
Exterior Features Extensive Hardscape,Outbuilding(s),Play Area
Zoning RA
Architectural Style Other
Construction Materials Other
School District ALBEMARLE COUNTY PUBLIC SCHOOLS
Year Built 2005
Levels 1
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Natural Gas
Accessibility Other
County ALBEMARLE
New Construction No
Property Type Residential
HOA / Comm Assn No
Subdivision Name MOUNT IDA
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade
Status ACTIVE
Directions Call listing agent for directions
ModificationTimestamp 2024-04-24T17:17:44
City SCOTTSVILLE
Buyer Agent Compensation 3
Senior Community Y/N No
Lot Size Units Square Feet
Lot Size Square Feet 121271040.00
Tax Assessed Value 4617000.0
Waterfront Y/N No
Tax Annual Amount 39430.0
Structure Type Other
Condo/Coop Association Y/N No
Bathrooms Count Main Level 0.00
Vacation Rental Y/N No
Virtual Tour https://vimeo.com/manage/videos/452293781
Days on Market 358
Standard Status Active
Year Built Source Estimated
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Natural Gas
Hot Water Natural Gas
Basement (Y/N) No
Heating Y/N Yes
Central Air Y/N Yes
LivingAreaSource Estimated
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet

Exterior Features

Pool No Pool
Fencing Board
Water Source Well
Type of Parking Other
Water View Y/N No
Lot Size Acres 2784.00
Lot Size Source Estimated
Navigable Water Y/N No
Water Oriented Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 24590

Price
AVG $5.6M
$52.6M
Taxes
AVG $9,009
$39,430
Visits
AVG 1018
7543
Data Provided by Inside Real Estate®
Year Built
AVG 1978
2005