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Executive Summary

Located along the Sandy River Reservoir, Clearwater Cove offers a compelling natural setting that supports a range of potential uses, including single-family residential development, senior or age-restricted housing, or an experiential hospitality or retreat-oriented concept. The combination of waterfront frontage, acreage, and proximity to Farmville’s amenities creates a unique opportunity for buyers seeking scale, privacy, and long-term value within Central Virginia.

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Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Single Family Development
Total Lot Size 39.00 AC

1 Lot Available

Lot

Lot Size 39.00 AC

Each of the nine lots has been cleared and is accessible via established gravel roadways, providing immediate access throughout the site and allowing for flexible development strategies.

Description

Clearwater Cove, a 39-acre entitled development site located in Prince Edward County, just outside of Farmville, Virginia. Clearwater Cove presents developers and end users the opportunity to acquire a fully entitled, 9-lot subdivision in a highly scenic and increasingly sought-after waterfront location.

Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 054-5-4
  • 054-5-8
  • 054-5-6
  • 054-5-7
  • 054-5-3
  • 054-5-9
  • 054-5-1
  • 054-5-2
  • 054-5-5
Land Assessment
$655,000
Improvements Assessment
$0
Total Assessment
$655,000
  • Listing ID: 40690888

  • Date on Market: 5/28/2026

  • Last Updated:

  • Address: Clearwater Lane, Rice, VA 23966

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