5 Reasons Why You Should Buy Land

0 Stony Point Pass, Kewsick, VA

Unique opportunity to obtain a private 34-acre building site in the Southwest Mountain Range in Keswick, Virginia.

1. Land is scarce

This may seem like an obvious reason, however, it is an important one! Empty lands are only becoming more and more limited as time goes on. Being a land owner is being an owner of something that is finite, so take advantage of this.

2. Cheaper expenses

Investing in land is great for those who are looking for the lowest maintenance possible. Owning vacant land has the lowest expenses in real estate investments. Avoid utilities, pay fewer taxes and fewer mortgages considering that you purchased an empty piece of land!

3. Build your dream home

Location, location, location. Instead of searching for the perfect home in the perfect neighborhood, why not build you dream home on a property you love? This is a larger undertaking, of course, but for those looking to make a home truly theirs, this is a great solution.

4. Versatility

Land can be used for a variety of options that will suit anyone’s needs and ambitions, whether it be for building a home or commercial building, farming, or livestock. You can typically rent, sell or even develop the land depending on your financial expectations and ability.

5. No depreciation

Vacant land can’t have a depreciation value because it cannot be destroyed, moved or affected negatively under any circumstances, natural or unnatural. So when investing in land, an investor is able to rely solely on appreciation, worst-case scenario!


Stony Point Pass is listed by Murdoch Matheson.

Frank Hardy Sotheby’s International Realty

ON THE MARKET: Charlottesville January 2021 Real Estate Listings

Green Plains - 1599 Chapel Neck Road North, Virginia
Green Plains – 1599 Chapel Neck Road North, Virginia

In our first real estate roundup of the year, all of our offerings have a common theme: space. Whether it be a bucolic build site in Keswick, ready to be made your own, or a stately countryside home set in the rolling hills of Barborsville, we are loving the idea of finding more space to breathe and make our own as we settle into 2021.

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871 Club Drive // Keswick, VA // Contact: Yates McCallum, Frank Hardy Sotheby’s International Realty, 415.994.2464
The details: 3 acres
What we love: This wooded lot, located only minutes from Downtown Charlottesville and Keswick Hall, provides an unparalleled site for your dream home. If you are looking for space and tranquility, this picturesque property could be it for you. A bonus for golf-lovers, this build-site fronts the 2nd Fairway of Pete Dye golf course in Keswick Estate.

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0 Stony Point Pass // Keswick, VA // Contact: Murdoch Matheson, Frank Hardy Sotheby’s International Realty, 434.981.7439
The details: 34 acres
What we love: 34 acres of pastoral beauty and privacy offered in the much sought-after Keswick community. This expansive land parcel is the ideal site to build your forever home or weekend country retreat.

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Green Plains – 1599 Chapel Neck Road // North, VA // Contact: Frank Hardy, Frank Hardy Sotheby’s International Realty, 434.296.0134
The details: 6 bedrooms, 4 full bathrooms, 2 partial bathrooms, 9,904 square feet, 617 acres
What we love: This storied property sits on over 2 miles of serene Chesapeake Bay coastline. The main home is an elegant Georgian-style brick estate, with stunning views throughout. Also located on the property are 3 equestrian barns, 5 Cape Cod-style cottages, a pier, pool house and in-ground swimming pool.

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White Hart – 5785 Stony Point Road // Barboursville, VA // Contact: Frank Hardy Sotheby’s International Realty, 434.296.0134
The details: 4 bedrooms, 4 full bathrooms, 2 partial bathrooms, 8,146 square feet, 353 acres
What we love: Tucked into the countryside of Northern Albemarle County, this charming English Country Manor is set on 353 acres of rolling pastures, woods, ponds and mountain views. If the outside wasn’t impressive enough, the warm interior offers a gourmet kitchen, a custom library and plenty of space for entertaining.

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Gardner Farm – 792 Old Mountain Road // Mineral, VA // Contact: Murdoch Matheson, Frank Hardy Sotheby’s International Realty, 434.981.7439
The details: 3 bedrooms, 1 full bathroom, 1 partial bathroom, 1,296 square feet, 1,563 acres
What we love: This expansive piece of land is the perfect quiet escape from the city. With miles of trails, access to the South Anna River, 4 ponds, and a 30-acre lake, this property is an incredibly rare find. While the land is already home to a colonial-style house and equipment shop, there are numerous other potential building sites to offer endless possibilities to create your own sanctuary.

Significant Sales | 2020 Highlights – Sotheby’s International Realty

From the sale of the highest-priced home in the history of Vail, Colorado, to that of an architectural masterpiece in Las Lomas, Mexico, highlighted here are 10 Significant Sales from 2020 represented by the Sotheby’s International Realty® global network.

Vail, Colorado

Sold for $57,250,000 | Tye Stockton, LIV Sotheby’s International Realty

East Hampton, New York

Sold for $45,000,000 | Frank Newbold and Valerie Smith, Sotheby’s International Realty – East Hampton Brokerage

McLean, Virginia

Sold for $45,000,000 | Russell Firestone and Mark Lowham, TTR Sotheby’s International Realty 

East Flanders, Belgium

Sold for €18,000,000 | Talia Werner, Belgium Sotheby’s International Realty 

Lake Tahoe, Nevada

Sold for $38,00,000 | Lexi Cerretti, Sierra Sotheby’s International Realty 

New York, New York

Sold for $35,140,000 | Stan Ponte, Sotheby’s International Realty – East Side Manhattan Brokerage

Sydney, South Australia

Sold for $24,600,000 AUD | Michael Pallier, Sydney Sotheby’s International Realty

Montecito, California

Sold for $32,250,000 | Dusty BakerEric Lavey, and Michael Dreyfus, Sotheby’s International Realty – Montecito – Coast Village Road Brokerage

Aspen, Colorado

Sold for $32,00,00 | Craig Morris, Aspen Snowmass Sotheby’s International Realty

Las Lomas, Mexico

Sold for $4,750,000 | Jessica Potts and Laura de la Torre, Mexico Sotheby’s International Realty 

Discover luxury homes for sale and rent around the world on sothebysrealty

Global Getaways: Luxury Rental Market Spotlight On Italy

We recently explored why a luxury rental might be your next real estate investment; now let’s take a closer look at a country with a thriving luxury rental market and hear directly from our local area experts there.

Italy

Italy is a mix of culture, diverse landscapes, history, cities and places that have no equal in any country in the world. Renting a Villa in one of the most beautiful locations in Italy does not only mean staying in a beautiful property, but it is also the context in which they are located that makes spending a holiday or a long rental in Italy so special. From the north to the south, including the big and tiny islands, Italy has many different destinations to offer, each of them considered unique of its kind. We are joined by Lodovico Pignatti Morano, who along with his brother Clemente, are the managing partners of Italy Sotheby’s International Realty.

Sotheby’s International Realty (SIR): What are the benefits of owning a rental property in your country?

Lodovico Pignatti Morano (LPM): The benefits are actually many. [Rental] owners have the opportunity to stay at and rent these amazing properties, so that they are not only a wonderful place to enjoy a vacation, but also an important source of income that allows them to maintain the villas at high-quality standards, along with an effective gain in terms of liquidity, but that is not all. Keeping the properties in such excellent condition maintains their value over time and increases the profit linked to the villas and any future sales.

SIRWhat trends are you seeing in your rental market?

LPM: Due to the global pandemic, the requests from international clients have decreased –– as we expected –– but many villas have nevertheless been rented by Italian customers.This means that when the quality [of the rental] is high, the investment always pays off. In fact, the demand for a short / medium term rentals have seen an exponential increase compared to the same period of 2019. This year, Italian customers make up nearly 85% [of renters], but there are also a few international clients: mostly Dutch, Swiss and Americans, all united by their keen interest in Italy.

SIR: How does the rental market drive business for your company? 

LPM: The business of luxury rentals is not only linked to the possibility of earnings; many potential customers can evaluate the homes before buying them or making an offer [by renting first], and the market trend for the future is growing. We have really good expectations for 2021, as we are receiving a lot of requests for next year. There will probably be a slowdown, but after that they will rise again, as they did this year. Luxury rentals and the commercial network around it have an increasingly important value.

Browse luxury rental properties in Italy on sothebysrealty.com

For Your Dream Estate: An Albemarle County Mansion

2408 Old Lynchburg Road, Charlottesville, VA

This dream estate in the heart of Albemarle County is on the market for the first time! A 12,000+sf transitional style mansion seamlessly blends a traditional design with a contemporary feel. 

A serene sanctuary set on 21 acres of land, this estate is perfectly private. Enjoy the feeling of being completely protected, fronting on the Hardware River.

Immaculately landscaped, the grounds include a relaxing waterfall, dipping pool, raised garden beds, and a play ground. 

This property is surrounded by luxurious amenities. You’ll adore its unique sauna room, wine cellar, dog grooming room, and spacious home gym.

To call the interior inviting would be an understatement. Between the natural light that engulfs every room, to the unmatched craftsmanship, to its dreamy bath experience, this home’s creators spared no expense in perfecting every detail.

In addition to the main residence, this marvelous property features a roomy guesthouse, spacious barn and greenhouse. Here, your living, leisure, and entertaining opportunities are endless.

Listed by Ann Hay Hardy (202) 297-0228

Frank Hardy Sotheby’s International Realty

Inside a Wine Country Equestrian Estate

Sonoma may be best known for its production of exceptional wine and its array of superior restaurants, but its architecture and singular style—which marry indoor-outdoor living, rustic materials, soothing palettes, relaxed but chic furnishings, and plentiful light—are equally loved and emulated. The residence at the heart of Sutton Place Farm, a 9.15-acre wine country idyll located on one of Sonoma’s premier thoroughfares, is a paradigm of that distinctive and desirable aesthetic.

Sonoma, California | Gina Clyde & Daniel CasabonneSotheby’s International Realty – Wine Country – First Street Brokerage

The heart of the home is a great room with a soaring pitched ceiling, an outsize wood-burning fireplace, and stylish space for sophisticated living and dining. The dining area flows to a light-flooded kitchen with a lofty ceiling, a generous marble-topped island with counter seating, and a double Wolf range with a pot filler. Nearby is a convenient butler’s pantry and wet bar with an auxiliary refrigerator and, naturally, a full-size wine chiller. In the family room, two sets of French doors fold open to the grounds, creating a sense of unity between indoors and out. The serene bedrooms feature walls of windows and glass doors that admit glorious sunlight and fresh breezes. A luxurious owner’s bath with dual vanities and a soaking tub conjures an ambience of glamorous days gone by.

Throughout the home, the hues are calming, neutral, and organic thanks to such carefully chosen materials as Belgian limestone and reclaimed wood. Imported and antique details and accents such as a Provence plaster finish signal a reverence for tradition. The view from nearly every window resembles a plein air painting of mountains, sunrises, sunsets, stalwart trees, and thriving vineyards.

Further off lie a swath of vineyard and superior equestrian facilities that will please any horse lover. They include a 16-stall stable with hot and cold water, a lounge, a tack room, a bath, and a top-tier covered arena with Pinnacle footing. These facilities could easily be repurposed to serve a variety of functions or could be removed and replaced with additional grapevines. Storage buildings are also plentiful, and the property is threaded with walking trails and maintained by two wells, a new 30-kilowatt solar power system, and a backup generator.

The estate’s location is steps from the Sonoma’s historic plaza—as well as those restaurants, wineries, and tasting rooms that have made this region such a desirable destination—whether for a weekend or a lifetime.

Discover luxury homes for sale and rent around the world on sothebysrealty.com

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Fall Forward | 5 Homes with Dramatic Fall Foliage

Fall’s the time for sweaters, apple cider, and scenic drives to enjoy fall foliage. In locales from West Coast to East, these estates offer private showings, allowing for appreciation of autumn’s colors without leaving home.

The Crane Estate

Woods Hole, Massachusetts | John WeyandSotheby’s International Realty – Falmouth Brokerage

Perched on Nantucket Sound’s Juniper Point, this historic eight-bedroom residence has been updated and augmented with every desirable modern amenity. It offers 7,500 square feet of timeless living space on three levels and enjoys 380 feet of frontage on the water and a sandy beach. The striking lighthouse-like tower provides guest living quarters, a full kitchen, a window-wrapped aerie, and a wraparound deck for surveying all the sights on land and sea, including the swaths of trees, sporting New England’s legendary fall hues.

Oldfield Farm

Greenwich, Connecticut | Joseph BarbieriSotheby’s International Realty – Greenwich Brokerage

One of the most significant estates in Greenwich, 18.39-acre Oldfield Farm is a peerless property featuring a majestic 14,956-square-foot manor, a pool, tennis courts, and equestrian facilities. The dazzling landscaping provides year-round color: woodland perennials, herb gardens, flowering plants, and an array of mature trees, from maple and ash to dogwood, willow, cherry, and pear. The grounds have been configured to create a variety of enchanting outdoor living spaces with views of paddocks, the captivating foliage, and sunsets.

The Highlands Estate

Yorkville, California | Todd SheppardSotheby’s International Realty – Wine Country – East Napa Street Brokerage

Awash in the autumnal tones of mature trees, vineyards, fruit and olive orchards, and rolling golden hills, this classically charming 7,000-square-foot residence estate accommodates every need with six bedrooms, a chef’s kitchen, a formal dining room, a study, a great room, a gym, a billiards room, a wine cellar, a theater with stadium seating, wraparound porches, spacious decks, and a swimming pool. The 21.59-acre property also includes a pond and a delightful party barn.

Central Park West Penthouse

New York, New York | Kathryn SteinbergSotheby’s International Realty – East Side Manhattan Brokerage

The pièce de résistance of this one-of-a-kind penthouse is its wraparound terrace, designed for appreciation of outdoor living and views that encompass the southern skyline, the Hudson River, and ever-changing foliage of Central Park. Other highlights include a living room with a vaulted ceiling, a wood-burning fireplace, and a set of arched windows facing the Park. Also on this floor are a dining room, a study, a library, a southwest inspired eat-in kitchen, and a restful owner’s suite. There are two bedrooms, a gym, ample closet space, and a bath on the lower level.

Classic Style on the Waterfront

Water Mill, New York | Pat Petrillo & Dawn PetrilloSotheby’s International Realty – Southampton Brokerage

This delightful Shingle-style home and its charming one-bedroom guesthouse are nestled amid tall colorful trees on the banks of Mill Pond, an 85-acre lake perfect for sailing, kayaking, canoeing, and fishing. The home features a light-flooded living room with a fireplace, a formal dining room, a large eat-in kitchen, an adjoining family room with a fireplace, a sunroom, and five lovely bedrooms. The three-acre property also offers an oversized two-car garage, gardens, a swimming pool, and two private docks.

Discover luxury homes for sale and rent around the world on sothebysrealty.com

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3 Reasons Why This Georgian Home Is a Hidden Gem

Ashland

1. Location

Ashland is situated on 92 acres in the heart of Madison. This property has a fantastic location: only five minutes to 29 and 25 minutes to Charlottesville. Still, this home is secluded, quiet, and peaceful.

2. Charming Amenities

The 158-year-old grand home includes formal and informal living spaces perfect for entertaining. It features beautiful original hardwood floors, eleven-foot ceilings, and eleven fireplaces! Ashland’s English basement has amenities galore: a second kitchen, an outdoor sunroom/kitchen, and more.

3. Nature

With Blue Ridge Mountain views, the land is a Certified Wildlife Landscape with quail and whitetail habitat, riding trails, a stocked pond, bold stream, colorful wildflower fields, ten-year-old pine stands, a school house converted guest house, a tenant house, excellent and functional outbuildings, greenhouses, and incredibly impressive gardens.

460 Willis Rd, Madison, VA 22727
4BD I 3.5BA I 4,896 SQFT
$1,600,000 [CONTRACT PENDING]

Listed by Conor Murray

Inside the Firm – Ann Hay Hardy

Ann Hay Hardy is a Charlottesville, Virginia native who grew up working in the real estate business. She attended St. Anne’s Belfield School from preschool through 12th grade, and is a graduate of the School of the Art Institute of Chicago where she graduated with a BFA in Film. During her senior year she studied abroad at the Chelsea College of Art in London. While there she was given the opportunity to work in the fashion industry.

After living there for a few years, she then relocated to Los Angeles, California to work in television. In 2007, she returned to Virginia to work with her family’s business full time and is now an Associate Broker with the firm. In 2012 Ann Hay married her husband, Adam, also a Charlottesville native and real estate photographer.

Ann Hay is thorough in her communication and dedicated to always meeting her client’s needs and expectations. She is experienced in working with buyers and sellers in both the residential and estate markets. Having lived all over the country and internationally has not only broadened her network and reach, but given her an understanding of the truly global marketplace and community. Her artistic background presents a new way to look at real estate, which her clients find advantageous. She is ranked a top 3 agent in her firm and a top 25 agent in the local board for all sales over $1million in the last decade.

During her time off, Ann Hay can be found attending her children’s various soccer games, swimming, and tennis lessons. She values her time with friends and family, and is a regular supporter of many non-profit organizations in the community. She and Adam reside in the city of Charlottesville with their two sons.

ON THE MARKET: NOVEMBER 2020 FEATURED LISTINGS

2408 Old Lynchburg Road, Charlottesville, VA
2408 Old Lynchburg Road, Charlottesville, VA

This month we have quite a few gorgeous homes, as well as land to build on. Whether you are looking for a new home base or a second property to escape to, many of these options could fit the bill.

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526 North 1st St. // Charlottesville, VA // Contact: Murdoch Matheson, Frank Hardy Sotheby’s International Realty, 434.981.7439
The details: 4 bedrooms, 3.5 bathrooms, 3,971 square feet, 0.26 acres
What we love: This beautiful property, four blocks off the downtown mall, allows for an easy walk to many wonderful shops and restaurants. A fully renovated 1890’s Victorian, this home is on a double lot that also features a guest house, and plenty of outdoor space to gather. The chef’s kitchen granite countertops and Sub-Zero and Wolf appliances will impress even the most discerning of home cooks.

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The Point – 721 Gobbler Ridge Lane // Huddleston, VA // Contact: Frank Hardy, Frank Hardy Sotheby’s International Realty, 434.296.0134
The details: 3 bedrooms, 5 bathrooms, 12,251 square feet, 21.15 acres
What we love: Situated on a peninsula on Smith Mountain Lake, the waterfront views of this property make it the perfect escape for all seasons. Every detail has been considered in this home, from the Italian travertine tile flooring to the reclaimed wood paneling and beams throughout. All furniture and art are included in the sale, making this an ideal turnkey vacation home.

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Hightop Drive // North Garden, VA // Contact: Murdoch Matheson, Frank Hardy Sotheby’s International Realty, 434.981.7439
The details: 284.50 acres
What we love: This large piece of land, adjoining Bundoran Farm, is conveniently located 15 miles southwest of Downtown Charlottesville. Two building sites have already been designated on this property. This is the perfect opportunity to build your dream home.

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2408 Old Lynchburg Road// Charlottesville, VA // Contact: Ann Hay Hardy, Frank Hardy Sotheby’s International Realty, 202.297.0228
The details: 5 bedrooms, 4.5 bathrooms, 15,500 square feet, 21 acres
What we love: A serene sanctuary set on 21 acres of land, this estate is perfectly private. Immaculately landscaped, the grounds include a waterfall, dipping pool, raised garden beds, and a play ground. A sauna, wine cellar and dog grooming room are only a few of the many luxuries that come along with this estate. In addition to the main house, the property features a large guesthouse, barn and greenhouse.

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3595 Lonesome Mountain Road // Charlottesville, VA // Contact: Murdoch Matheson, Frank Hardy Sotheby’s International Realty, 434.981.7439
The details: 192 acres
What we love: It’s rare to find such an exquisite plot of fertile land in Albemarle County with Blue Ridge views. Situated at the base of the Southwest Mountains, the property features both open fields and wooded areas and has potential for agricultural and residential use. Added bonus: it’s close to the heart of Charlottesville.

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Shannon Hill – 5370 Martin Road // Kents Store, VA // Contact: Frank Hardy, Frank Hardy Sotheby’s International Realty, 434.296.0134
The details: 4 bedrooms, 4.5 bathrooms, 8,002 square feet, 183 acres
What we love: Hidden just off I-64, this thoughtfully renovated 1920s farmhouse is the ultimate country escape, with a gorgeous pool and elegant landscaping. The property also features a bonus cottage, and a hay barn with an office and hanger. The panoramic pastoral views offer incredible privacy and quiet.

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1305 Amber Ridge Road // Charlottesville, VA // Contact: Ann Hay Hardy, Frank Hardy Sotheby’s International Realty, 202.297.0228
The details: 3 bedrooms, 2 bathrooms, 1,684 square feet, 0.21 acres
What we love: Well-appointed one-level home, located in the Highlands. The welcoming front porch with a ceiling fan will be an appreciated respite in warm-weather months. The open floor plan throughout the living space, with sky lights in the living room, make this a lovely home with easy access to downtown.

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The Glen – 285 Wallace Gap Lane // Madison, VA // Contact: Conor Murray and Murdoch Matheson, Frank Hardy Sotheby’s International Realty, 434.964.7100
The details: 5 bedrooms, 3.5 bathrooms, 4,504 square feet, 400 acres
What we love: This estate is nestled in the pastoral valley of the Blue Ridge Mountains, offering privacy and stunning views. A completely turn-key property, all furnishings, including farm equipment, are offered in the sale.

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3470 Old Lynchburg Road // North Garden, VA // Contact: Murdoch Matheson, Frank Hardy Sotheby’s International Realty, 434.981.7439
The details: 6 bedrooms, 3.5 bathrooms, 8,164 square feet, 52.72 acres
What we love: Built in 1800, this historic property was once a Civil War general store. Renovated in 1996, the home now offers modern comfort, classic style, and the privacy of over 52 acres. The interior features antique beams and vaulted ceilings, five stone fireplaces, beautiful moldings, and historic details. The exterior and outdoor spaces include large porches, a bluestone courtyard, a private hot tub and sauna, and a nearby stream. Also found on the property are a guest house built as a music studio and a flexible indoor tennis facility/gym space, which could be utilized a number of ways.