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Margo

Margo

$579,539 Average Value
$243 Average Price per Sq Ft
9 Homes For Sale

Margo means “pearl,” fitting for an area whose crowning jewel is a body of water. Driving through the rural community, you can tell how much everyone treasures Lake Anna, a multitude of marinas and restaurants named after the lake. “Many people move here because of the proximity to Lake Anna,” says Anne Corbin with Long & Foster Real Estate, Inc., resident and Realtor with nine years of experience.

East of the lake in Spotsylvania County, Margo features large lots of land for single-family homes, giving it a peaceful pastoral feel. Having over an acre of land is easy to come by no matter what your budget is. “There’s a range of housing, some that are inexpensive and some in the millions. It’s a very eclectic area price-wise. You can definitely find what you’re looking for,” Corbin says. Further from the lake but with plentiful yardage, buy ranch-style houses for around $358,200 or Cape Cods for about $281,500. Closer to the water and secluded by woodlands, you can find more ranch-style homes for around $333,800. For those seeking a lakeside retreat in the woods, a new construction house with its own private dock and views overlooking the water can go for $1.7 million.

Students in Margo go to the Spotsylvania County Public School District, which earns a B grade according to Niche and has a student-teacher ratio of 16-to-1. Schools include Livingston Elementary School, Post Oak Middle School and Spotsylvania High School. On Niche, all three schools earn B-minus grades. The district has been designated one of the Best Communities for Music Education by The NAMM Foundation for high-quality musical fine arts.

Margo has abundant outdoor recreation, especially at Lake Anna State Park. “Living by the lake means you can certainly boat and relax on the beach,” Corbin says. The state park also has hiking trails, cabins to stay in and campgrounds. There's no end to the water activities from fishing to kayaking and canoeing. At Anna Point Marina, launch boats off wide ramps for jaunts on the water. For a park on dry land, head to Chewning Park for playgrounds, baseball fields and a picnic pavilion.

The area has local retail for basics like groceries and a few restaurants. The 208 Variety Store offers a deli and snacks to pick up as you get gas at the station. To stock up on the week’s food, head to Keystone Grocery. As for local restaurants, Lake Anna Hideaway offers seafood in a laidback but colorful interior with a large bar. Vito’s on Lake Anna has Italian fare in a dimly lit dining room or a large patio ideal for date night.

As for local events, the town of Mineral, a stone’s throw away across the lake, hosts many community get-togethers. At the Fall Festival, bring costumed children to trick-or-treat at the booths, where you can buy arts and crafts or snacks. The area also has a weekly farmers market during summer and autumn months where you can find locally grown produce, meats and home products.

About 74 miles from Washington, D.C., Margo residents can travel to the nation’s capital via Interstate 95 North. For weekend trips in the nation’s capital, visit the Tidal Basin, monuments and Smithsonian museums. In Margo, enjoy a rural community centered around Lake Anna and the state park for an outdoorsy lifestyle.

Anna Anderson
Written By
Anna Anderson
Tyson Le
Photography Contributed By
Tyson Le
Bill Jennings
Video By
Bill Jennings

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Collin Brenner, an experienced agent in this neighborhood.

Parks in this Area

Margo Demographics and Home Trends

Housing Trends

Median List Price
$350,000
Median Sale Price
$379,500
Median Single Family Sale Price
$320,000
Median Townhouse Sale Price
$315,000
Median 2 Bedroom Sale Price
$789,000
Median Change From 1st List Price
4%
Last 12 months Home Sales
78
Median Home Sale Price YoY Change
-41%
Average Price Per Sq Ft
$243

Neighborhood Facts

Number of Homes in Neighborhood
4,148
Number of Homes for Sale
9
Median Year Built
1994
Months of Supply
1.40
Average Single Family Home Size Sq Ft
2,063
Above the national average
1,924
Average Townhouse Size Sq Ft
1,474
Average 2 Bedroom Size Sq Ft
1,285
Median Lot Size Sq Ft
45,738

Open Houses

  • Thursday, Aug 7
    2 - 4pm

    12819 Faulconers Ct, Spotsylvania, VA 22551

    $599,000

    • 4 Beds
    • 2.5 Baths
    • 2,364 Sq Ft
    • 12819 Faulconers Ct
    • New 20 days ago

    Welcome to 12819 Faulconers Court — where modern comfort meets private country living!Property Highlights:4 spacious bedrooms2.5 bathroomsNestled on a peaceful and private 3.7-acre lotBuilt just 2 years ago – like-new conditionInterior Features:Luxury Vinyl Plank (LVP) flooring throughout main living areasGourmet kitchen

    Beth Pannell 1st Choice Better Homes & Land, LC

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  • Saturday, Aug 9
    12 - 4pm

    Lot 12A Evans Family Place, Mineral, VA 23117

    $1,498,900

    • 4 Beds
    • 4.5 Baths
    • 5,000 Sq Ft
    • Lot 12A Evans Family Place

    Off-site Open House – 2 Old House Road, Bumpass, VASaturday 12-4 PM and Sunday 1-3 PMLooking for the perfect waterfront location with no HOA? Larson Custom Homes offers the highest level of quality, visible in one of our many model homes, all open on weekends or by appointment. Enjoy waterfront living at its best with nearly 5,000 finished square feet on the public side of Lake Anna

    Melissa Larson RE/MAX Distinctive Real Estate, Inc.

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  • Sunday, Aug 10
    1 - 3pm

    15513 Chestnut Tree Ct, Mineral, VA 23117

    $829,900

    • 4 Beds
    • 4 Baths
    • 3,060 Sq Ft
    • 15513 Chestnut Tree Ct

    Showings to begin on 6/23/2025. Welcome to your dream park waterfront home in the coveted Wyndemere community on the public side of Lake Anna. Enjoy all the perks of lakeside living without the high price tag. This spacious 4-bedroom, 4-bathroom home offers water views and is located right on the edge of Wyndemere's common grounds, providing easy access to your boat and the lake. Boat slips are

    Lauren Davis KW Realty Lakeside

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Interested in learning more about homes in this area? Reach out to Collin Brenner, an experienced agent in this neighborhood.

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
16,964
Median Age
45
Population Density
1 person/acre
Population under 18
21.9%
On par with the national average
23.8%
Population over 65
22.6%
On par with the national average
19.1%

Finances

Median Household Income
$101,535
Significantly above the national average
$71,702
Average Household Income
$120,434

Education and Workforce

High School Graduates
89.3%
College Graduates
25.3%
Below the national average
34.1%
Advanced Degrees
8.8%
On par with the national average
13.3%
% Population in Labor Force
62.9%

Weather

Annual Precipitation
44''
Average Winter Low Temperature
25°F
Average Summer High Temperature
88°F
Annual Snowfall
23''

Area Factors

Somewhat Bikeable

Bike Score®

20 / 100

Car-Dependent

Walk Score®

0 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Margo