Property summary
This exceptional 289.4-acre property in Scottsville, VA, presents a unique investment opportunity. The assemblage includes nine existing single-family homes, each boasting 2,100 to 3,000 square feet, 4-5 bedrooms, 2.5-3.5 baths, a 2-car garage, a 20x12 deck, and an 1,100-square-foot unfinished walk-out basement roughed-in for additional living space. These colonial-style homes feature hardi-plank siding and are situated within the exclusive 5,000-acre Mount Ida Reserve, minutes from Trump Winery and Albemarle Estate. Beyond the existing homes, five finished lots are ready for development, and an additional eleven lots are permitted by-right, creating a total potential of 25 homes. Existing infrastructure, including underground electric and fiber, is already in place. The property offers significant income potential, with historical annual long-term rental income of $228,000 and recent short-term rental income of $288,000, including weekend stays generating $3,000 each. This versatile property, with its convenient location near Charlottesville and proximity to Mount Ida Reserve (over 50,000 annual guests), is ideal for both residential and investment purposes, offering a blend of tranquility and convenience in Virginia wine country.
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