1587 Belle Meade Rd
Loretto, VA 22509
Belle Meade Farm · Land For Sale · 133.20 AC

Belle Meade Farm is comprised of two contiguous parcels on the Rappahannock River. A 7.97 acre parcel is improved with a single family home and dependency adjoining 125.34+/- acres with 70+/- acres in crop rotation with approximately 55 acres in cutover woodland. The property is accessed by way of a 50 ft easement from the terminus of route 654. Total acreage combined is approximately 133.31. Each parcel has 5 parcel division opportunity but to make a 10 parcel division over the 133.31 more practical, a property line adjustment is permitted. Many of the large land owners in the community have a preservation philosophy and elected to place their holdings in open space easement to prevent or curtail development. The community is generally rural in character, there are small areas of residential development along the river. However the large percentage of the significant acreage having limited development rights, causes those properties like Belle Meade to be more attractive for development as the subject is not restricted except by traditional zoning restraints. Truly a one of a kind opportunity. There is preliminary plan approval for 7 waterfront lots with acreage of between2.2 and 3.0 acres respectively. Additional division possibilities are displayed within the attachments. Upside possibilities include waterfront lot sales, re-development, Conservation Easement income. Possibilities are many. HOME IS BEING SOLD AS IS WHERE IS. Inspections are for informational purposes only