Almost half of a 4,500 acre property in Albemarle County’s rural spot that is owned by the West Virginia Gov. Jim Justice’s family will go to auction later on this thirty day period, in accordance to an announcement Wednesday.
Owned by James C. Justice Firms, Inc., the land was positioned in a conservation easement in 2019, which helps prevent wide-scale growth of the property. The 4,500 acres are close to Monticello.
Torrence, Read through, and Forehand Auctions is keeping the auction, which will be done in two phases. The 1st section will be 12:30 p.m. July 19 at the Boar’s Head Vacation resort in Charlottesville. The period will contain 2,081 acres available in a few tracts from 521 acres to 925 acres, according to an ad in the Day-to-day Development and a news release from the enterprise.
The second period auction will be held in November 2022.
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“Make your mark on Charlottesville! Extraordinary option near some of Virginia’s most special houses like Morven, Highland, and Monticello,” the advertisement states. “Prime blank slate to generate your exceptional estate or sprawling ranch from scratch.”
A conservation easement is a lasting agreement concerning a landowner and a conservation organization or an easement holder that will allow the landowner to keep ownership of the land but sites selected expectations and constraints on how the land will be managed.
The easement on this property is held by the Albemarle Conservation Easement Authority. That agreement lets the residence to be divided into five parcels. Up to 10 properties can be built on the overall home.
“This home is poised to develop into the area of Charlottesville’s subsequent premier estate/ranch,” the team handling the auction stated in a news launch.
An data session about the auction will be held Friday, July 8, from 3 p.m. to 7 p.m. at the Boar’s Head Resort’s Ednam Corridor.
The residence has far more than 800 acres of open land, miles of streams and views of Carter’s Mountain, in accordance to the launch.
“While the home are unable to be developed into a significant-scale housing advancement, most other features go unaltered,” the team mentioned in the release.
Simply because the house is in the Monticello viewshed, buildings of far more than 1,000 sq. ft that are noticeable from Monticello will be topic to screening and architectural needs to minimize visibility, in accordance to the deed.
The Thomas Jefferson Foundation, which owns and operates Monticello, supported the final decision in 2019 to place the residence in a conservation easement.
Industrial and commercial things to do on the property are limited to agriculture, equine functions, forestry, and the processing or sale of farm or forest solutions created or partly created on site, according to the deed.
Pure resource-based academic, scientific or leisure things to do also are allowed as long as they are steady with the conservation applications of the easement.
Gatherings with no a lot more than 40 attendees are permitted, nevertheless that is contingent on prior acceptance from the county’s easement authority.