Seller's Agent in 2023
Scott Ruth
Shaheen Ruth Martin & Fonville
(804) 337-3585
66 in this area
241 Total Sales
501 Rivergate Dr Richmond, VA 23238
Manakin-Sabot NeighborhoodEstimated Value: $7,720,000 - $9,959,000
8
Beds
15
Baths
25,739
Sq Ft
$353/Sq Ft
Est. Value
Highlights
- Lake Front
- Docks
- Water Access
- Goochland High School Rated A-
- Guest House
- Pool House
About This Home
As of October 202317 Acres exquisite gated custom built estate set on roughly & privately nestled in the Rivergate neighborhood overlooking the 38 Acre Rivergate Lake. This grand home offers every amenity, as no detail has been left undone. Wide foyer, beautiful formal rooms, gorgeous sunroom, multiple family room options all allowing for ideal entertaining from formal to casual. Stunning gourmet kitchen, w/ vast center island, designer appliances, butler’s pantry. Incredible primary en suite with sitting area, dressing area, luxurious & large spa bath. Second level offers 5 plus spacious bedrooms, office space w/ built-ins, flex space. 9 bathrooms throughout, 11 fireplaces throughout, 11 car garage space on property. Full basement w/ handsome office, workout room w/ sauna & steam room, golf simulator room, kitchen, cinema. There is a guest suite attached to main house. 2 detached 2 car garages 1 w/ apartment. Detailed doorways, high ceilings, heavy mouldings. Detached basketball gym w/bath. Magnificent pool & pool house, lake dock w/ gazebo. Extraordinary view of lake from back of house, terraces w/ outdoor FP and seating, mature landscaping and gardens. Please see video attached to this listing.
Last Agent to Sell the Property
Shaheen Ruth Martin & Fonville Brokerage Phone: 804-337-3585 License #0225064229 Listed on: 03/16/2023
Co-Listed By
Shaheen Ruth Martin & Fonville Brokerage Phone: 804-337-3585 License #0225032435
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $23,824
Year Built
- Built in 2000
Lot Details
- 17.94 Acre Lot
- Lake Front
- Landscaped
- Level Lot
- Irregular Lot
- Sprinkler System
- Additional Land
HOA Fees
- $351 Monthly HOA Fees
Parking
- 4 Car Garage
- Garage Apartment
- Heated Garage
- Circular Driveway
Home Design
- Custom Home
- Brick Exterior Construction
- Rubber Roof
Interior Spaces
- 25,739 Sq Ft Home
- 2-Story Property
- Wet Bar
- Built-In Features
- Bookcases
- High Ceiling
- Recessed Lighting
- 11 Fireplaces
- Fireplace Features Masonry
- Gas Fireplace
- Thermal Windows
- French Doors
- Separate Formal Living Room
- Workshop
- Atrium Room
- Water Views
- Home Security System
Kitchen
- Eat-In Kitchen
- Butlers Pantry
- Double Oven
- Gas Cooktop
- Stove
- Range Hood
- Microwave
- Ice Maker
- Dishwasher
- Wine Cooler
- Kitchen Island
- Granite Countertops
- Trash Compactor
- Disposal
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- Primary Bedroom on Main
- En-Suite Primary Bedroom
- Walk-In Closet
- Maid or Guest Quarters
- Steam Shower
Laundry
- Dryer
- Washer
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Pool
- Pool House
- Heated In Ground Pool
- Gunite Pool
- Outdoor Pool
- Spa
Outdoor Features
- Water Access
- Mooring
- Docks
- Dock Available
- Patio
- Gazebo
- Outbuilding
- Breezeway
- Front Porch
Additional Homes
- Guest House
Schools
- Randolph Elementary School
- Goochland Middle School
- Goochland High School
Utilities
- Zoned Heating and Cooling
- Heating System Uses Natural Gas
- Power Generator
- Gas Water Heater
Listing and Financial Details
- Tax Lot 22
- Assessor Parcel Number 64-22-A-22-0
Community Details
Overview
- Rivergate Subdivision
Additional Features
- Common Area
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 11, 2023
Sold by
Cypress Property Holdings Llc
Bought by
Dewey River Llc
Current Estimated Value
Purchase Details
Listed on
Mar 16, 2023
Closed on
Oct 5, 2023
Sold by
Rls Rivergate Llc
Bought by
Cypress Property Holdings Llc
Seller's Agent
Scott Ruth
Shaheen Ruth Martin & Fonville
Buyer's Agent
Richard Bower
Joyner Fine Properties
List Price
$9,500,000
Sold Price
$8,750,000
Premium/Discount to List
-$750,000
-7.89%
Views
1311
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.28%
Purchase Details
Closed on
Nov 6, 2007
Sold by
Sharp Richard L
Bought by
Rls Rivergate Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dewey River Llc | -- | None Listed On Document | |
| Cypress Property Holdings Llc | $8,750,000 | None Listed On Document | |
| Rls Rivergate Llc | -- | None Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/10/2023 10/10/23 | Sold | $8,750,000 | -7.9% | $340 / Sq Ft |
| 06/19/2023 06/19/23 | Pending | -- | -- | -- |
| 03/23/2023 03/23/23 | For Sale | $9,500,000 | -- | $369 / Sq Ft |
Source: Central Virginia Regional MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $43,476 | $8,203,100 | $1,884,400 | $6,318,700 |
| 2024 | $38,343 | $7,234,500 | $1,806,000 | $5,428,500 |
| 2023 | $26,450 | $4,990,500 | $1,636,800 | $3,353,700 |
| 2022 | $23,824 | $4,495,100 | $1,529,400 | $2,965,700 |
| 2021 | $23,944 | $4,517,800 | $1,339,300 | $3,178,500 |
| 2020 | $23,079 | $4,378,700 | $1,256,500 | $3,122,200 |
| 2019 | $23,079 | $4,354,500 | $1,196,200 | $3,158,300 |
| 2018 | $22,669 | $3,813,900 | $1,191,200 | $2,622,700 |
| 2017 | $23,249 | $4,255,500 | $1,144,000 | $3,111,500 |
| 2016 | $11,911 | $4,494,800 | $1,406,200 | $3,088,600 |
| 2015 | $23,822 | $4,494,800 | $1,406,200 | $3,088,600 |
| 2014 | -- | $4,398,200 | $1,406,200 | $2,992,000 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Ruth
-
Scott Shaheen
Seller Co-Listing Agent in 2023
Scott Shaheen
Shaheen Ruth Martin & Fonville
(804) 837-8500
67 in this area
284 Total Sales
-
Richard Bower
Buyer's Agent in 2023
Richard Bower
Joyner Fine Properties
(804) 869-6000
26 in this area
62 Total Sales
Map
Source: Central Virginia Regional MLS
MLS Number: 2305804
APN: 64-22-A-22
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All or a portion of th multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.
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