6190 Jefferson Mill Rd, Scottsville, Virginia, 24590 United States

6478 Jefferson Mill Rd
6190 Jefferson Mill Rd, Scottsville, Virginia, 24590 United States

$7,600,000USD
  • 4
    Bedrooms
  • 2
    Full Baths
  • 1
    Partial Bath
  • 2,100 Sq Ft.
    Interior
  • Undisclosed Price
    Change Currency
    Price / Sq. Ft.:
    $3,619

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6478 Jefferson Mill Rd

About 6190 Jefferson Mill Rd, Scottsville, Virginia

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.

Marketed By

1515 14th Street NW
Washington, District Of Columbia, 20005 United States

Property ID:H3TGN9

MLS ID:VAAB2000214

United StatesVirginiaScottsville6478 Jefferson Mill Rd