Waterfront
Address
6909 Blenheim Road Scottsville, VA
Price
$ 55,000,000
Property Attributes
  • MLS#VAAB102254
  • TypeLand
  • CountyALBEMARLE
  • CityScottsville
  • NeighborhoodMOUNT IDA
  • Zip24590
  • StyleBeer/Wine/Liquor,Commercial,Food & Beverage,Land/L
  • Taxes$ 28830
  • Price$ 55,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3300 Acres
Listing Provided Courtesy Of:
TTR Sotheby's International Realty
Data Source:
Bright MLS - 382 - MD
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 3,300 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 large privately owned lakes. The current stewards have invested nearly $100M in developing the grandest of estates with virtually every amenity. The entire property is connected with high-speed fiberoptic capability. It offers two completely renovated historic manors, two eight stall stables, two tennis courts, an inground pool, a two-lane go-kart track, 180' water slide, several beaches, and miles of fencing, and paved and unpaved trails for horses, ATV's, bicycling, or hiking. The property also boasts several award-winning facilities, including a spectacular 12,000 sq. ft Lodge developed around a 100-year-old stable. Designed with events in mind, the stone and cedar-clad Lodge has state-of-the-art amenities, including a full caterers' kitchen, two large event spaces - fully climate controlled with spectacular outdoor spaces. Yet another event facility, the newly constructed 10,000 sq. ft Event Barn, offers a 25' stone fireplace to complement its two beautifully appointed banquet rooms, all climate controlled with full catering facilities. To complement the event spaces, there is an awe-inspiring 12,000 sq. ft cedar and stone-clad tasting room complete with a full-service restaurant for 250. The facility includes an award-winning 15- barrel craft brewery which utilizes barley from the nearby seven-acre barley field. An oversized outdoor fireplace with waterfalls and stone walls, bluestone walkways, and an observation deck make Mount Ida the most popular of Virginia wineries and breweries. An adjacent 20-acre vineyard (with an additional 150 acres prepared for vineyard expansion allowing for the largest vineyard in Virginia) creates an enchanting setting for guests. The property also includes a portfolio of 19 single-family home rental properties strategically developed by the owners around the perimeter of the property. These four-bedroom 2100 sq. ft homes offer a stable revenue stream while also preserving the neighborhood aesthetic. A 20,000 sq. ft shop, multiple carriage houses, barns, and outbuildings all specifically designed and recently constructed, 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 owners have spared no expense investing in infrastructure covering the entire 3,300 acres, including miles of underground power, high-speed fiber optics, roads, bridges, and concrete dams for the 5 lakes on the property. The income-producing estate is perfect for a family compound, corporate retreat, flagship corporate campus, or long-term investment. With 32 finished lots and up to 157 further divisions, the property is uniquely positioned for further development around the existing facilities. Alternatively, the property is a prime candidate for a conservation and/or stream impact easement offering significant tax benefits. This incomparable property includes a turnkey opportunity complete with well-trained and experienced staff.

Price History
6/12/2021 Listed $55,000,000

General Features

Additional Parcels Y/N Yes
Association Y/N No
Condo/Coop Association Y/N No
County ALBEMARLE
Current Use Beer/Wine/Liquor, Commercial, Food & Beverage, Land/Lot Only, Livestock, Multi Residential, Restaurant, Residential
Days on Market 52
High School District ALBEMARLE COUNTY PUBLIC SCHOOLS
Ownership Fee Simple
Possession Negotiable
Price Per Sq Ft 0.38
Property SubType Land
Property Type Land
Sewer Septic Exists
Subdivision Name MOUNT IDA
Tax Annual Amount 28830.0
Tax Year 2021
Vacation Rental Y/N No
View Mountain
Water Access Y/N Yes
Zoning RA

Exterior Features

Horse Amenities Stable(s)
Horse Y/N Yes
Lot Features Additional Lot(s)
Lot Size Acres 3300.00
Lot Size Source Estimated
Lot Size Square Feet 143748000.00
Navigable Water Y/N Yes
Number of Lots 189
Water Body Type Lake
Water Oriented Y/N Yes
Water Source Well
Water View Y/N No
Waterfront Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 24590

Price
AVG $18.52M
$55M
Taxes
AVG $10,532
$28,830
Visits
AVG 119
248

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