4 Bedrooms
2 full & 1 half Bathrooms
2,100 Square Feet
289.4 Acres
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Property Description
Introducing a unique opportunity to purchase a community of nine single-family homes in Albemarle County with an additional 16 homes permitted by-right. The property is included within the 5,000 acres comprising Mount Ida Reserve. Each home and lot is 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 occupies its own platted, 20-acre lot and 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 four additional buildable lots plus another 12 development rights on the remainder of the acreage for a total of 16 additional 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 term rental community to serve the more than 50,000 annual guests of Mount Ida Reserve. ROI of 6-8% CoC on existing homes and the additional by-right development offers extensive upside for a rarified investment opportunity.
Property Highlights
Complete Oasis
Explore the charm of Farms at Jefferson Mill, nestled within the expansive 5,000-acre Mount Ida Reserve. This picturesque enclave features nine colonial-style homes on spacious 20-acre lots. With development rights for 16 additional homes, it offers a unique opportunity.
Charlottesville Location
The Farms at Jefferson Mill, located just minutes from Mount Ida Reserve's Tasting Room & Tap House and downtown Charlottesville, offers colonial homes on 250+ acres of rolling hills with extensive road and river frontage.
Spacious Elegance
Each home in the Farms at Jefferson Mill sits on a 20-acre lot and features hardi-plank siding, 2,100-3,000 sq ft of living space, 4-5 bedrooms, 2.5-3.5 baths, an attached 2-car garage, a 20 x 12 deck, and an 1,100 sq ft unfinished walk-out basement prepped for an extra bedroom and bathroom.
Home Information
- MLS#: VAAB2000596
- Bedrooms: 4
- Full Baths: 2
- Half Baths: 1
- Levels: 2
- Basement: Yes
- Garage Spaces: 2
- Type: House
- Year Built: 2014
- Age: 10
- Subdivision: Mount Ida Reserve
- County: Albemarle
- Total Est. Taxes: $4,259
- Home Sq. Ft.: 2,100
- Lot Size: 289.4
- Exterior Const.: HardiPlank
- Heat System: Heat Pump(s)
- Cool System: Central A/C
- Water: Well
- Heat Fuel: Central
- Cool Fuel: Electric
Location
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