6414 Jefferson Mill Road

SCOTTSVILLE, VA 24590

  • 12,606,264 Sqft
  • 12606264
    Sqft(Lot)
$7,600,000

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.

  • Property Type

    Land

  • County

    ALBEMARLE

  • Style

    Land

  • AD ID

    45544033

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BuyOwner last updated this listing 11/24/2024 @ 04:03

  • MLS: VAAB2000600
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Land, with 0 bedrooms which is for sale, it has 12,606,264 sqft, 12,606,264 sized lot, and 0 parking. A comparable Land, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of SCOTTSVILLE , in zip code 24590, this ALBEMARLE County Land and are nearby neighborhoods.