#1 • 3 Elm Ct Palmyra, VA 22963

Part of Gated Lake Monticello Pool Home Auction - 5BR / 4BA / 3,370± SF + Finished Basement on 1.18± Acres. (listings by Dudley Resources)

Own a Pool Home in Gated Lake Monticello 3 Elm Ct, Palmyra, VA 22963 | 5 Bed / 4 Bath / 3,370± SF + Finished Basement | 1.18± Acres | Saltwater Pool   This is the deal investors and owner-occupants wait for: a structurally sound, larger-than-average home inside one of Central Virginia's most sought-after gated lake communities  Livable now. Transformable later. You don't have to renovate to move in - this home lives comfortably as-is on public water and sewer, in low-risk Flood Zone. The big-ticket items are simply accounted for up front in the seller's Reserve: roof, HVAC, and water heater are at end of life, and the finishes are ready for your stamp. That's not a warning label - it's the opportunity. Buy right today and update on your own timeline, capturing the value yourself instead of paying a flipper to do it for you. The assets that set this one apart: In-ground saltwater pool (792± SF) with a pump only ~5 years old — a true amenity in this market and a genuine draw Oversized 1.18± acre lot - the "BIGGER LOT" of record, versus the typical quarter-to-half-acre parcel next door Indoor-outdoor living built in - a 626± SF deck, a second 528± SF deck, a covered porch, and a storage shed 3,370± finished SF across two stories plus a full basement (778± SF already finished) — room to spread out or add living space below grade Kitchen - Newer cabinets with granite countertops Mechanical & structural - heat pump with central air, concrete-block foundation, gable composition roof A community that sells itself. Lake Monticello is a gated, privately-patrolled waterfront community built around a 350-acre lake with boating, fishing, and swimming at five beaches and multiple Restaurants. Members tee off on an 18-hole golf course served by the Fairway Clubhouse and host to the annual Faulconer Invitational, and cool off at the Ashlawn Clubhouse pool. Add pickleball and basketball at Lafayette Park with its 2023 playground, plus fishing and canoeing on 35-acre Tufton Lake - all for HOA dues of roughly $1,700 a year. The home feeds into Fluvanna County Public Schools, rated B-plus by Niche, and sits about 30 minutes and 15 miles from Charlottesville and the University of Virginia.  Built for every kind of buyer: Investors & flippers - a clean property with the bones and the location to reward a smart renovation Contractors & renovators - you already have the crews; turn the roof / HVAC / cosmetic scope straight into your next project Owner-occupants - get into a gated lake community and build the home you want, on your own schedule Renovation-loan & 203(k) buyers - finance the improvements into your purchase and make it yours from day one Anyone who wants more - more house, more land, more amenities, and a pool, in a community people pay to get into RealAVM™ $582,300,  Confidence Score 93 RealAVM™ Range $542,200 - $622,300 Forecast Standard Deviation 7 Value As Of 06/08/2026 For HOA and Lake Monticello area/ Amenities Information, CLICK HERE Public Open Houses will be  July 12th and July 19th from 12-2.     For any property info or auction information, please call Phil Bonnie c (757) 651-1729 or o (804)709-1954, email pbonnie@dudleyresources.com