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    510 Mt Pleasant Farm Rd Scottsville, VA 24590

    For Sale
    Contact for pricing

    Luxury Estate, 2800 Acres, VA

    Property size:
    121,271,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Mount Ida Reserve presents a rare opportunity to acquire a sprawling 2,800-acre estate in Albemarle County, Virginia, just minutes from the University of Virginia. This exceptional property, situated along historic Blenheim Road near renowned wineries and estates, boasts an extensive array of features developed over nearly two decades. The estate includes multiple manor homes and single-family residences, award-winning event venues, stable barns, and storage buildings. A 45-acre private lake with beaches adds to its allure. Extensive infrastructure has been meticulously installed, encompassing miles of paved roads, underground power, high-speed fiber optics, board fencing, and multiple gated entrances. Five diesel backup generators and 25 springs ensure operational reliability. The property's 121,271,040 square feet are offered at $0.43 per square foot, for a total asking price of $52,600,000. With 150 by-right parcels, the property is primed for further development, or alternatively, presents a prime candidate for conservation easements. A hotel feasibility study for a 100-key hotel is available. This turnkey opportunity includes experienced staff, making it ideal for a family compound, corporate retreat, flagship campus, or long-term investment. The property has no conservation easements.

    Property Features for 510 Mt Pleasant Farm Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    121,271,040 SF

    HighLights

    • $52,600,000 asking price.
    • 2,800‑acre property in Scottsville, VA, near Charlottesville and the University of Virginia.
    • Mixed‑use property including hospitality, residential, and land components; 121,271,040 square feet, $0.43/sq ft.
    • Extensive infrastructure: paved roads, underground power, fiber optics, multiple gated entrances, backup generators.
    • Numerous buildings: manor homes, event facilities, barns, and more. Includes a 45‑acre lake.
    • Potential for further development with 150 by‑right parcels or conservation easement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Scottsville
    County
    Albemarle
    State
    Virginia
    Longitude
    -78.4828532
    Latitude
    37.8646309

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    FAQs

    What type of property is this?
    Multifamily property - Luxury Estate, 2800 Acres, VA
    Where is this multifamily property located?
    The property is located at 510 Mt Pleasant Farm Rd Scottsville, VA.
    What is the asking price?
    The asking price for this property is $52,600,000.
    What are key features of this property?
    This property features: $52,600,000 asking price.; 2,800-acre property in Scottsville, VA, near Charlottesville and the University of Virginia.; Mixed-use property including hospitality, residential, and land components; 121,271,040 square feet, $0.43/sq ft.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    510 Mt Pleasant Farm Rd Scottsville, VA 24590
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