$52,600,000

510 Mount Pleasant Farm Rd Scottsville, VA 24590

Estimated payment $293,787/month

Total Views 87,582
2,784 Acres
$18,894 Price per Acre
121,271,000 Sq Ft Lot

About This Lot

Mount Ida Reserve is a once-in-a-lifetime opportunity located just outside the vibrant city of Charlottesville, Virginia, and only minutes from the stunning Trump Winery, Albemarle Estate, and The University of Virginia. Nestled in the heart of Southern Albemarle County along the historic Blenheim Road, this extraordinary property is surrounded by world-class attractions, including Monticello, Ashlawn Highland, Dave Matthews' Blenheim Vineyards, Grace Vineyard, and Steve Case's Early Mountain Vineyard. This premier location offers a unique chance to own a piece of Virginia’s most distinguished landscape.

The former estate of Bernard Arnault, Mount Ida Reserve, has been meticulously transformed over the past two decades by its current owners. Boasting more than twice the acreage of nearby Trump Winery & Estate, this property stands out for its unparalleled scale and physical features, including miles of private river frontage, stunning mountain views, rolling hills, fertile farmland, hardwood forests, and a privately owned 45-acre lake with pristine beaches.

Free from conservation easements, the property offers endless possibilities for development or preservation. The owners have invested significantly in infrastructure throughout the expansive acreage, creating a fully equipped and modernized estate. Highlights include high-speed fiber-optic connectivity, miles of underground power lines, a concrete dam, 15 miles of paved roads, 25 miles of board fencing, and multiple automated wrought iron gated entrances. The property is also supported by five diesel backup generators and features 25 springs, ensuring unmatched self-sufficiency and security.

An impressive collection of structures enhances the estate, including large manor homes and single-family residences, award-winning event facilities, stable barns, storage buildings, and more. This exceptional property is ideal for a family compound, corporate retreat, flagship corporate campus, or a long-term investment opportunity. With 150 by-right parcels, Mount Ida Reserve is also uniquely positioned for future development. Alternatively, it presents an attractive option for conservation or stream impact easements, offering significant tax benefits.

The estate includes well-trained, experienced staff for seamless management and operations, making it a turnkey investment. Additionally, a comprehensive hotel study for a 100-key hotel, prepared by HVS, is available for review. Whether envisioned as a private sanctuary, an iconic event venue, or a development opportunity, Mount Ida Reserve represents an unparalleled offering in one of Virginia’s most celebrated regions.

Listing Agent

Daniel Heider

TTR Sotheby's International Realty License #681976 Listed on: 06/29/2023

TTR Sotheby's International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $39,430

Lot Details

  • 2,784 Acre Lot
  • Additional Parcels
  • Property is zoned RA

Utilities

  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$39,430

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Beer/Wine/Liquor, Land/Lot Only, Livestock, Multi Residential, Residential, Restaurant
  • Remarks Public: Mount Ida Reserve is a once-in-a-lifetime opportunity located just outside the vibrant city of Charlottesville, Virginia, and only minutes from the stunning Trump Winery, Albemarle Estate, and The University of Virginia. Nestled in the heart of Southern Albemarle County along the historic Blenheim Road, this extraordinary property is surrounded by world-class attractions, including Monticello, Ashlawn Highland, Dave Matthews' Blenheim Vineyards, Grace Vineyard, and Steve Case's Early Mountain Vineyard. This premier location offers a unique chance to own a piece of Virginia’s most distinguished landscape. The former estate of Bernard Arnault, Mount Ida Reserve, has been meticulously transformed over the past two decades by its current owners. Boasting more than twice the acreage of nearby Trump Winery & Estate, this property stands out for its unparalleled scale and physical features, including miles of private river frontage, stunning mountain views, rolling hills, fertile farmland, hardwood forests, and a privately owned 45-acre lake with pristine beaches. Free from conservation easements, the property offers endless possibilities for development or preservation. The owners have invested significantly in infrastructure throughout the expansive acreage, creating a fully equipped and modernized estate. Highlights include high-speed fiber-optic connectivity, miles of underground power lines, a concrete dam, 15 miles of paved roads, 25 miles of board fencing, and multiple automated wrought iron gated entrances. The property is also supported by five diesel backup generators and features 25 springs, ensuring unmatched self-sufficiency and security. An impressive collection of structures enhances the estate, including large manor homes and single-family residences, award-winning event facilities, stable barns, storage buildings, and more. This exceptional property is ideal for a family compound, corporate retreat, flagship corporate campus, or a long-term investment opportunity. With 150 by-right parcels, Mount Ida Reserve is also uniquely positioned for future development. Alternatively, it presents an attractive option for conservation or stream impact easements, offering significant tax benefits. The estate includes well-trained, experienced staff for seamless management and operations, making it a turnkey investment. Additionally, a comprehensive hotel study for a 100-key hotel, prepared by HVS, is available for review. Whether envisioned as a private sanctuary, an iconic event venue, or a development opportunity, Mount Ida Reserve represents an unparalleled offering in one of Virginia’s most celebrated regions.
  • Special Features: VirtualTour

Interior Features

  • Price Per Sq Ft: 0.43
  • Street Number Modifier: 510

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: ALBEMARLE COUNTY PUBLIC SCHOOLS
  • School District Key: 121141540441
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 2784.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 121271040.00
  • Year Assessed: 2023
  • Zoning: RA
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 39430.00
  • Assessor Parcel Number: NO TAX RECORD
  • Tax Year: 2023

MLS Schools

  • School District Name: ALBEMARLE COUNTY PUBLIC SCHOOLS

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2023 06/29/23 For Sale $52,600,000 -- --
Source: Bright MLS

Source: Bright MLS

MLS Number: VAAB2000430

Bright MLS