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$ 52,600,000
Est. payment /mo
Active
510 MOUNT PLEASANT FARM ROAD Scottsville, VA 24590
2,784 Acres Lot
UPDATED:
08/14/2024 08:30 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID VAAB2000432
Originating Board BRIGHT
Year Built 2005
Annual Tax Amount $39,430
Tax Year 2023
Lot Size 2784.000 Acres
Acres 2784.0
Property Description
Mount Ida Reserve is a once-in-a-lifetime opportunity located just outside the city of Charlottesville, Virginia, within minutes of The University of Virginia. The former estate of Bernard Arnault expands almost 2,800 acres and is located along Blenheim Road, a historic route in Southern Albemarle County - home to Monticello, Ashlawn Highland, Trump Winery, Dave Matthews' Blenheim Vineyards, Grace Vineyard, and Steve Case's Early Mountain Vineyard. The property has undergone an almost two-decade transformation by its current owners. Surrounded by large country estates and wineries, Mount Ida Reserve stands out not only due to its sheer scale (more than twice the size of nearby Trump Winery & Estate) but also from its unique inventory of physical features, including miles of private river frontage, spectacular mountain views, rolling hills, fertile farmland, hardwood forests, and a large privately owned lake. The property has no conservation easements. The owners have spared no expense investing in infrastructure covering the entire 2,800 acres. The property hosts an impressive collection of buildings, including large manor homes and other single-family residences, multiple award-winning event facilities, stable barns and storage buildings, as well as a 45-acre lake and accompanying beaches. The entire property is connected with high-speed fiber-optic capability and includes miles of underground power, bridges, a concrete dam for the lake, 15 miles of paved roads, 25 miles of board fencing, five diesel backup generators, 25 springs, and multiple automated wrought iron gated entrances help service and secure the property. The property is perfect for a family compound, corporate retreat, flagship corporate campus, or long-term investment. With 150 by-right parcels, the property is uniquely positioned for further development around the existing facilities. Alternatively, the property is a prime candidate for a conservation or stream impact easement offering significant tax benefits. This incomparable property includes a turnkey opportunity complete with well-trained and experienced staff. Additionally, a hotel Study prepared by HVS for 100 key hotel is available for review.
Location
State VA
County Albemarle
Zoning RA
Interior
Hot Water Natural Gas
Heating Heat Pump(s)
Cooling Central A/C
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility Other
Parking Type Other
Garage N
Building
Sewer Septic Exists
Water Well
New Construction N
Schools
School District Albemarle County Public Schools
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Listed by Daniel M Heider • TTR Sotheby's International Realty
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