$829,000 New Construction
- 3 Beds
- 3.5 Baths
- 2,136 Sq Ft
4506 Grove Ave, Richmond, VA 23226
John Martin Shaheen Ruth Martin & Fonville
5
Colonial Place Townhomes for Sale
-
4506 Grove Ave, Richmond, VA 23226
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$699,000 New Construction
- 3 Beds
- 3.5 Baths
- 2,104 Sq Ft
4511 Colonial Place Alley, Richmond, VA 23226
4511 Colonial Place Alley, Richmond, VA 23226John Martin Shaheen Ruth Martin & Fonville
-
$699,000 New Construction
- 3 Beds
- 3.5 Baths
- 2,105 Sq Ft
4507 Colonial Place Alley, Richmond, VA 23226
4507 Colonial Place Alley, Richmond, VA 23226Mahood Fonville Shaheen Ruth Martin & Fonville
-
$685,000 New Construction
- 3 Beds
- 3.5 Baths
- 2,101 Sq Ft
4509 Colonial Place Alley, Richmond, VA 23226
4509 Colonial Place Alley, Richmond, VA 23226Mahood Fonville Shaheen Ruth Martin & Fonville
-
$779,000 New Construction
- 3 Beds
- 3.5 Baths
- 2,131 Sq Ft
4508 Grove Ave, Richmond, VA 23221
4508 Grove Ave, Richmond, VA 23221Mahood Fonville Shaheen Ruth Martin & Fonville
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.
Home Trends in Colonial Place, VA
On average, homes in Colonial Place, Richmond sell after 13 days on the market compared to the national average of 51 days. The median sale price for homes in Colonial Place, Richmond over the last 12 months is $762,500, up 32% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$762,500
Median Single Family Sale Price
$865,000
Median Townhouse Sale Price
$699,000
Median 2 Bedroom Sale Price
$305,000
Median 1 Bedroom Sale Price
$200,000
Average Price Per Sq Ft
$387
Number of Homes for Sale
8
Last 12 months Home Sales
52
Months of Supply
1.80
Median List Price
$722,000
Median Change From 1st List Price
-2%
Median Home Sale Price YoY Change
32%
In Colonial Place, there are currently 5 townhouses for sale, offering a variety of options for potential buyers. With townhouses ranging from $685,000 to $829,000, there's something for every budget. As of July, 2025 the median home price in Colonial Place, Richmond is $722,000, while the average sale price is $779,968, providing insight into local market trends. On average, townhouses spend 13 days on the market before being sold. Whether you're interested in modern townhouses, small townhomes, or traditional rowhouses, there are options available to suit your needs. Browse properties and townhomes for sale in Colonial Place, Richmond, and discover the ideal residence to fit your needs.
Colonial Place Real Estate Listings
More About Living in Colonial Place
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