Spectacular contemporary home, with over 7,500 finished sq. ft. of living space, privately situated atop nearly 17 serene park-like acres in the highly desirable Ivy area with Blue Ridge Mountain views! Truly a special & unique offering with a wealth of opportunities to enjoy! Two residences joined as one, the main living quarters boasts an inviting floor plan over two levels that have been tastefully renovated. The main sunken living room is filled with natural light and has a soaring stone fireplace as the centerpiece. The kitchen features granite countertops, stainless steel appliances, another stone fireplace and attached family or dining space. The primary bedroom has a sitting area, walk-in closet and an attached bath with dual vanities, soaking tub and walk-in shower. The lower level features a family room with fireplace, three bedrooms and plenty of bonus/storage space. The guest quarters have been recently renovated with a new kitchen and include 2 additional bedrooms and baths. The rear fenced stone terraces with pool, hot tub, fire pit and mountain views are a gem and an entertainer's dream! This one is must see!!!
Single-familyProperty Type
1986Year Built
16.75 acresLot Size
$286Price/Sq.Ft.
Listed by WILL FAULCONER• MCLEAN FAULCONER INC., REALTOR
Listed by JIM FAULCONER• MCLEAN FAULCONER INC., REALTOR
Est. $4,433 per month, based on comparable rentals
Sale and tax history for 340 Grassmere Rd
Sale History
Tax History
Date
Event
Price
CAAR #675095
Jul 9, 2026
Sold
$2,153,000
$286/sq ft
Mar 31, 2026
Listed
$2,325,000
$309/sq ft
CAAR #657960
Nov 26, 2024
Listing Removed
—
Nov 26, 2024
Price Changed
$2,325,000
$309/sq ft
Oct 17, 2024
Listed
$2,235,000
$297/sq ft
Public Records
Aug 16, 2016
Sold
$1,100,000
$146/sq ft
CAAR #547674
May 24, 2016
Listed
$1,200,000
$159/sq ft
Public Records
May 15, 2002
Sold
$1,005,000
$133/sq ft
CAAR #337054
Jan 4, 2002
Listed
$1,085,000
$144/sq ft
CAAR #329901
Mar 2, 2001
Listed
$995,000
$132/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$16,611 (+10.1%)
$506,800 + $1,351,300
$1,858,100
2025
$15,087 (+6.6%)
$506,800 + $1,351,300
$1,858,100
2024
$14,150 (+12.8%)
$506,500 + $1,181,100
$1,687,600
2023
$12,540 (+4.7%)
$531,100 + $1,125,800
$1,656,900
2022
$11,973 (+22.4%)
$401,000 + $1,067,400
$1,468,400
2021
$9,785 (+1.2%)
$401,000 + $1,001,000
$1,402,000
2020
$9,666 (+0.3%)
$318,900 + $812,900
$1,131,800
2019
$9,635 (+4.0%)
$339,600 + $788,600
$1,128,200
2018
$9,265 (+1.6%)
$339,600 + $764,700
$1,104,300
2017
$9,118 (+3.2%)
$339,600 + $764,700
$1,104,300
2014
$8,836
$471,900 + $634,100
$1,106,000
Public record
Public record
Zoning
Beds
4
Baths
5
Stories
1
Lot width
—
Lot depth
—
Lot size
16.75 Acres
Year renovated
—
Sq. Ft.
7,535
Year built
1986
Style
Single Family Residential
County
Albemarle County
APN
058000000165K0
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 31, 2026.
RA
Rural Areas District
This district hereafter referred to as RA is hereby created and may hereafter be established by amendment of the zoning map for the following purposes: Preservation of agricultural and forestal lands and activities; Water supply protection; Limited service delivery to the rural areas; and Conservation of natural, scenic, and historic resources. Residential development not related to bona fide agricultural/forestal use shall be encouraged to locate in the urban area, communities and villages as designated in the comprehensive plan where services and utilities are available and where such development will not conflict with the agricultural/forestal or other rural objective. Where development does occur, rural residents should expect to receive a lower level of service delivery than will be provided to residential developments in designated growth areas. In relation to residential development, agricultural/forestal activities shall be regulated only to the extent necessary to protect public health and safety.; In regard to agricultural preservation, this district is intended to preserve the county's active farms and best agricultural and forestal lands by providing lot areas designed to insure the continued availability of such lands for preferential land use tax assessment in order to enhance the economy, and maintain employment and lifestyle opportunities. In addition, the continuation and establishment of agriculture and agriculturally-related uses will be encouraged, and landowners will be encouraged to employ Virginia State Water Control Board best management practices.
Window Features: Casement Window(s), Insulated Windows
Interior Features: Double Vanity, Hot Tub/Spa, Primary Downstairs, Multiple Primary Suites, Remodeled, Sitting Area in Primary, Second Kitchen, Walk-In Closet(s), Entrance Foyer, Eat-in Kitchen, Home Office, Kitchen Island, Vaulted Ceiling(s)