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Colonial Place Homes for Sale

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  • /34

    $524,900

    $25K PRICE DROP
    • 3 Beds
    • 1.5 Baths
    • 1,440 Sq Ft

    4510 1/2 Leonard Pkwy, Richmond, VA 23221

    Welcome to 4510 1⁄2 Leonard Parkway, an exceptional residence in Richmond’s prestigious Colonial Place neighborhood. Nestled along one of the city’s most picturesque, tree-lined streets, this thoughtfully designed home combines timeless Richmond character with unparalleled convenience and accessibility. Just steps from Mary Munford Elementary School, it offers an ideal setting for anyone seeking

    Agent Photo

    Zachary Fauver

    Samson Properties

    4510 1/2 Leonard Pkwy, Richmond, VA 23221
  • /16

    $265,000

    Open Sat 1PM - 3PM
    • 1 Bed
    • 1 Bath
    • 650 Sq Ft

    4632 Grove Ave Unit 5, Richmond, VA 23226

    Welcome home to this stylish 1-bedroom, 1-bath condo offering 650 square feet of comfortable city living. Featuring beautiful hardwood floors throughout and a modern kitchen with stainless steel appliances, this inviting home combines classic charm with contemporary finishes. The efficient layout maximizes every square foot, creating a bright and functional living space that's perfect for

    Lacey Kearney Providence Hill Real Estate

    4632 Grove Ave Unit 5, Richmond, VA 23226

Why Live in Colonial Place

Colonial Place, located in the Near West End of Richmond, is recognized as the #1 Best Neighborhood to Live in Richmond by Niche. This neighborhood combines the benefits of city living with suburban perks, featuring spacious lots and a strong sense of community. The streets are laid out in a grid pattern, shaded by mature trees, and lined with a variety of architectural styles. Predominant home styles include Cape Cods, Colonial Revivals, English Tudors, and Mediterranean Revivals, each with distinctive features such as central chimneys, symmetrical exteriors, steeply pitched roofs, and stucco exteriors. Homes typically have manicured front lawns and spacious, fenced-in backyards. Colonial Place is known for its low crime risk, comparing favorably to the national average.

Families in Colonial Place have access to highly rated schools, including Mary Munford Elementary, which boasts strong academic performance and a variety of extracurricular courses. Adjacent to the school is Mary Munford Playground, a well-maintained park with play structures, sports fields, and courts. Dining options include Stella’s on Lafayette Street, renowned for its Greek cuisine, and Stella’s Grocery for grab-and-go meals. For shopping, The Shops At Willow Lawn offers over 30 retailers and various dining options. The neighborhood is conveniently located just two miles from downtown Richmond, making it both beautiful and central to the city's amenities.

Colonial Place Home Prices vs. Nearby Richmond, VA Neighborhoods

Colonial Place Huguenot Malvern Gardens Wellesley
Median Home Price
$667,475
$535,000
$799,450
$594,925
Median Sale Price
$684,950
-9% YoY
$535,000
+4% YoY
$810,000
-12% YoY
$583,750
+7% YoY
Median Single Family Price
$787,000
$556,000
$799,900
$640,000
Median Townhouse Price
$644,950
$225,000
--
$435,000
Median Condo Price
$310,000
$275,000
--
$466,000
Total Active Listings
3
7
3
14
Market Conditions
1 Months of Supply
Seller's Market
2 Months of Supply
Seller's Market
1 Months of Supply
Seller's Market
3 Months of Supply
Seller's Market

Frequently Asked Questions

Is Colonial Place a good place to live?
Colonial Place is a good place to live. Colonial Place is considered somewhat walkable and somewhat bikeable with some transit options. Colonial Place is a suburban neighborhood with a crime score of 2, making it safer than the average neighborhood in the U.S. Colonial Place has 5 parks for recreational activities. It is somewhat dense in population with 9.0 people per acre and a median age of 39. The average household income is $161,685 which is above the national average. College graduates make up 81.1% of residents. A majority of residents in Colonial Place are home owners, with 31% of residents renting and 69% of residents owning their home. A local real estate agent serving Colonial Place can help you decide if this neighborhood is the right one for you. Learn more on our Colonial Place neighborhood guide.
Is Colonial Place, VA a safe neighborhood?
Colonial Place, VA is safer than the average neighborhood in the United States. It received a crime score of 2 out of 10.
How much do you need to make to afford a house in Colonial Place?
The median home price in Colonial Place is $667,475. If you put a 20% down payment of $133,500 and had a 30-year fixed mortgage with an interest rate of 6.43%, your estimated principal and interest payment would be $3,350 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $144K a year to afford the median home price in Colonial Place. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Colonial Place is $162K.
What are the best public schools in Colonial Place?
The best public schools that serve Colonial Place are:
What are the best private schools in Colonial Place?
The best private schools that serve Colonial Place are:
What are the most popular zip codes in Colonial Place, Richmond, VA?
The most popular zip codes in Colonial Place, Richmond, VA include 23221, 23226, 23230, 23220 and 23225.
What are the most popular neighborhoods near Colonial Place, Richmond, VA?
The most popular neighborhoods near Colonial Place, Richmond, VA are Westhampton, The Museum District, Wilton, Willow Lawn and Carytown.
Are home prices dropping in Colonial Place?
Yes, home prices in Colonial Place are down 12% in the last 12 months.
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