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Phyllis Snodgrass breaks down 'big A affordability' versus 'little a affordability'



In Austin, it’s no secret that housing costs are rising. ABJ spoke with Phyllis Snodgrass, CEO of Austin Habitat for Humanity, about affordability definitions and goal posts, and how we can discuss affordability productively.

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Real Estate

Impressive 140-Acre Estate In The Heart Of Virginia Asks $11 Million



Eaglecrest is a 140-acre estate in the heart of Virginia that was inspired by such presidential mansions as George Washington’s Mount Vernon and Thomas Jefferson’s Monticello.

Set in Charlottesville, about a 2-hour drive from Washington, D.C., the property has easy access to historical sites, wineries and outdoor recreation including hiking, horseback riding and golf. Nearby are the University of Virginia, President James Monroe’s Highland residence and Montpelier, the home of President James Madison.

“While this home offers seclusion, privacy and a certain – rather difficult to find these days – serenity, Charlottesville’s bustling downtown is a mere 15-minute drive away,” says listing agent Fouad Talout of Long & Foster Real Estate. “The city offers exciting nightlife and honest Southern hospitality. This property truly offers the best of both worlds.”

Completed in 2000, the residential compound centers on a 16,400-square-foot manor house surrounded by lush lawns, fields and woodland. Stately columns define the portico of the red brick mansion, while black shutters frame the windows.

Dual staircases lead upstairs off the wood-clad central hall, which opens to a two-story octagon-shaped living room that features French doors, a fireplace and crown molding.

A wall mural depicting early American life graces the formal dining room. A butler’s pantry sits off the kitchen, which has cherry cabinetry, granite countertops and a center island. A breakfast room opens to a screen porch.

A family room, two offices, a club level for entertaining and two wings, each with its own suite of rooms and conservatory, are among other living spaces.

The main level owner’s suite features a sitting area with a fireplace, French doors, a dual vanity bathroom and large walk-in closets for a total of seven bedrooms and seven full bathrooms.

Herringbone-patterned brick terraces lead to the backyard and the swimming pool. Two natural springs feed a three-acre pond behind the manor house.

Also on the grounds are a four-bedroom guest house, a carriage house that can accommodate 10 vehicles and has an upstairs office suite, a log cabin with a kitchen and a loft bedroom, and a greenhouse with a two-car garage adjacent to the orchard and vegetable gardens.

A covered bridge, more than four miles of roads and trails, two barns or equipment sheds, a pavilion and a reflecting pool with fountains are among other amenities.

Eaglecrest’s many possible uses include a corporate retreat, an equestrian estate, a family compound, a vacation getaway or a farm, according to Talout. The asking price for 741 Woodlands Road, Charlottesville, Virginia, is US $10.9 million.

The estate is a rarity in the current local housing market. “Upper-bracket homes, such as this one, typically fall into their own category,” says Talout, who cites only one other property for sale in the area that could even be considered a comparable listing. But the comp, he notes, “does not enjoy the same well-kept grounds, stately finishes, modern upgrades and five separate compounds/guest homes that 741 Woodlands does.”

Plus, Charlottesville-Albemarle Airport is only about 8 miles away from Eaglecrest.

“One of Virginia’s most impressive estates, there are few buyers who may be fortunate enough to call it home,” Talout says. “The future owner of this property will surely enjoy the decades of memories this home will bring.”

Long & Foster Real Estate is an exclusive member of Forbes Global Properties, a consumer marketplace and membership network of elite brokerages selling the world’s most luxurious homes.

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Real Estate

West Valley leaders working to improve infrastructure to support massive industrial, population growth



Thousands of jobs and millions of square feet of industrial, office and retail space are in the works across the West Valley. Here’s how city leaders are preparing for the growth.

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Real Estate

Private plane company to invest $40M to upgrade South Florida facility



The financial promise is in exchange for a new 40-year lease.

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