6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
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6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
6414 Jefferson Mill Rd
For Sale

6414 Jefferson Mill Rd

6414 Jefferson Mill Rd, Scottsville, VA 24590

$7,600,000
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.

4
beds

3
baths

2,100 Sq.Ft. LIVING AREA

289.4 Acres lot

Features & Amenities

Interior

  • total bedrooms4
  • Total bathrooms3
  • full bathrooms2
  • half bathroom1

Area & Lot

  • Status For Sale
  • Living Area2,100 Sq.Ft.
  • Lot Area289.4 Acres
  • MLS® IDVAAB2000596
  • TypeResidential
  • YEAR BUILT2014
  • Architecture StylesOther
  • School DistrictALBEMARLE COUNTY PUBLIC SCHOOLS

Exterior

  • STORIES2
  • Garage Space2.0
  • water SourceWell
  • parkingAttached
  • HEAT TYPECentral
  • AIR CONDITIONINGCentral Air

Financial

  • Sales Price$7,600,000
  • Real Estate Tax $4,259/yr

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Whether you are looking to expand your wealth portfolio or purchase your first home, Lledon combines her enthusiasm for real estate with a can-do attitude to drive unrivaled results!

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