Crazy land prices

A 200-plus acre parcel of land north of
Charlottesville is on the market for $50 million. Nearby, a 150-acre plot is
priced at $42 million…. According to Albemarle County assessor Bruce
Woodzell, neither parcel is currently zoned for dense development. The 200-plus
acre parcel is zoned R-1, the most restrictive of the residential zonings, and
the 150-acre parcel is zoned RA, or rural
area.

…Most likely, any potential
development would require County approval of an upzoning request.

From today’s DP –

A 200-plus acre parcel of land
north of Charlottesville is on the market for $50 million. Nearby, a 150-acre
plot is priced at $42 million. … According to Albemarle County assessor Bruce
Woodzell, neither parcel is currently zoned for dense development. The 200-plus
acre parcel is zoned R-1, the most restrictive of the residential zonings, and
the 150-acre parcel is zoned RA, or rural
area.

So there it is. Most
likely, any potential development would require County approval of an upzoning
request. Hmmm. Revenue -vs- preservation. We’ll see where the County’s “heart”
lies.

(Visited 2 times, 1 visits today)