Four Acres, the estate on Rugby Road that went on the market last week, may haul in the heftiest amount of any home in the history of Charlottesville. And if you have an extra $11 million, it could be yours.
The 1314 Rugby Rd. property, listed with Loring Woodriff Real Estate Associates, was purchased for $1.4 million in 1998. Woodriff says the seller has spent several million dollars in restoration efforts on the property, in a “labor of love.”
In its 12,433 square feet, the seven-bedroom estate built in 1910 has 12 working fireplaces, four full baths and three half-baths. The property also includes a pool and a carriage house with a studio that could be an apartment.
On 3.86 acres, the main dwelling is secluded by three acres of arboretum-quality gardens, making it unlike any other home in Charlottesville, according to Woodriff. At the same time, this “city estate,” as she calls it, is within walking distance of the university, historic downtown and Barracks Road.
In current real estate culture, some buyers are shying away from massive country properties, and leaning toward those such as Four Acres that, while secluded, remain close to the hustle and bustle of a city, Woodriff says.
“It’s obviously a magnificent property,” she says. “It’s totally one of a kind and it can’t be recreated.”
Though the property has only been on the market for a week, brokers have expressed a surprising amount of interest, she says, and while the responses have been “lightning fast,” she says that “at this price level [selling] takes time.”