500-plus acres in Powhatan sell for $3.5M

The mostly undeveloped, largely wooded land straddles Manakintown Ferry Road just south of Huguenot Trail. (Courtesy CVRMLS)

The mostly undeveloped, largely wooded land straddles Manakintown Ferry Road just south of Huguenot Trail. (Courtesy CVRMLS)

A sizable swath of Powhatan County land changed hands late last year in a seven-figure deal.

Two tracts totaling 567 acres sold Nov. 22 for $3.5 million. The mostly undeveloped, largely wooded land straddles Manakintown Ferry Road just south of Huguenot Trail, three-quarters of a mile west of the Route 288 interchange.

The land, which had been part of the surrounding Monacan Farm, was sold by Joyner Fine Properties’ Richard Bower, who represented the sellers and the buyers in the deal. He said the buyers, who purchased the two tracts through a pair of LLCs, are a West Coast family with ties to Richmond. He said they do not intend to subdivide the properties.

The sellers, also listed in county property records as LLCs, are members of the Denny family that owned the larger Monacan Farm, which Bower said totaled more than 1,100 acres. He said Collins Denny Jr. and his wife Rebecca purchased the farm between 1948 and 1950.

“It was named Manakin Farm at the time of purchase and was later named Monacan by the Dennys in order to not be confused with Manakin Village in Goochland,” Bower said.

The buyers purchased the properties through Huguenot Woods LLC and Manakin Woods LLC, which share the same address in California. Bower said he could not identify the new owners due to confidentiality agreements.

The land was put on the market last April. An MLS listing valued the two tracts at just over $4 million and listed a farm, subdivision and timber as possible uses. It said the timber consists primarily of upland hardwoods “of substantial value.”

“A great buy and hold investment with upside potential,” Bower’s description went on to say, adding that the properties were part of a historic French Huguenot land grant in the early 1700s.

The smaller of the two tracts, 995 Huguenot Trail, is largely between Guildfield Baptist Church on Manakintown Ferry Road and Manakin Episcopal Church on Huguenot Trail.

The land is across the street from another piece of Monacan Farm that Bower sold in 2014. 1000 Huguenot Trail, a 184-acre tract that includes a two-story, 6,100-square-foot brick house built in the 1720s, was sold with an adjacent 460-acre parcel at a combined price of just over $5 million.

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3 Comments on "500-plus acres in Powhatan sell for $3.5M"

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Bruce Milam
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Lidl is a very exciting concept, filling the desire in Richmond for more Trader Joe stores. They prepare a lot ready to go meals and their own brands are terrific. I’ve seen them in Europe and was very impressed. I’ll give Aldi credit for surpassing the quality of stores that I’ve seen in Europe. If Lidl does as well, they’ll be something to experience.

Kory Mohr
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Unless I’m missing something, I’m not sure what Lidl has to do with this article.

Kevin Newman
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Well I presume that Mr Bower was either misinformed, misquoted or misleading the public when he stated they “they do not intend to subdivide the properties”. A rezoning request describing a plan to subdivide at least one parcel of the property was submitted to Powhatan County over a month before this article was published.

http://www.powhatanva.gov/AgendaCenter/ViewFile/Agenda/_02072017-437

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