For Sale
$52,600,000

510 Mt Pleasant Farm RdScottsville, VA 24590

Luxury Estate, 2800 Acres, VA

Overview

Added:
Dec 11, 2024
Days on market:
113
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.

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 Details for 510 Mt Pleasant Farm Rd

Property type
Specialty properties, Mixed-use properties
Square Feet
121,271,040 SF

Location Insight

City
Scottsville
County
Albemarle
State
Virginia
Latitude
37.8646309
Longitude
-78.4828532
510 Mt Pleasant Farm Rd, Scottsville, Virginia

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510 Mt Pleasant Farm Rd
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