How often is there a condo at 500 Court Square for sale?

Once a year, if we are lucky since there are only 12 condos in 500 Court Square, which at twelve stories dominates Charlottesville’s skyline (located at the highest point of the city, Jefferson and Fifth Streets). The remainder of the building is used for offices.

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Condos come in studio, 1, and 2 bedrooms.

Condos range in size from 431 to 1,244 finished sq ft.

Completed in 1926 by renowned Lynchburg architect, Stanhope Johnson of Johnson and Brannanas, the magnificent, 138-bedroom, Monticello Hotel open its doors to a large tourism crowd coming to Charlottesville to tour Jefferson’s Monticello.

Today it is a mixture of office space and condos.

Note – Originally it was to be named the Monroe Hotel (James Monroe lived near Jefferson at Highland, but Monticello had become such a popular tourist attraction that the owners decided to go with Monticello Hotel.

As of 2022, the median price of a condo at 500 Court Square was $266,250.

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In 2022, 4 condos in 500 Court Square were sold.

They consisted of a studio (no bedroom), two 1-bedroom/1 bath condos, and one 2-bed/2 bath condo.

The highest price paid was $347,500. The low was $220,000, and the median was $266,250. 

Built 1924-1926, the architecture is Colonial Revival and made up of limestone, wood, and brick.

In 1973,  500 Court Square Charlottesville became a luxurious condo development.

From its impressive lobby to the spectacular mezzanine, 500 Court Square Charlottesville retains its original glamour.

As of Dec 2022, HOA fees are $412 a month.

HOA covers water/sewer, gas, electric, trash, the lobby attendant, and Ting fiber internet.

Note – The front lobby is manned Monday-Friday.

Note – Monthly HOA fees are partially offset by revenue from cell towers on top of the landmark building.

There is a laundry room on the 6th floor for the owner’s use.

However, there are no washers or dryers in any of the condos.

Parking –  There is on-street parking or you can rent a space in the nearby Market Street Parking Garage.

Court Square Tavern is also located on the lower level of the building.

Note – There are two elevators in the building. The freight elevator is available for move-in day.

Update: From Sean Tubbs, Charlottesville blogger…”Also of note, this month is the sale of 0 Court Square to an entity called Excellent Horse LLC, as well as the sale of a former law firm in the Monticello Hotel to a firm that appears to be interested in creating an event space. “

The Albemarle County School District serves 500 Court Square with Burnley-Moran Elementary, Walker/Buford Middle, and Charlottesville High.

Directions: From 250 By-Pass head South on Park Street towards Downtown. Cross over High Street and 500 Court Square Condominiums are straight ahead.

Location: On historic Court Square.

My thoughts…I love 500 Court Square. They are cozy and historic. I also love the location which is unbeatable! I give this Charlottesville condo development a 10 and always will. It’s unbeatable.

Note – Johnson also designed the old Martha Jefferson Hospital and Gallison Hall, the magnificent Georgian Revival estate in Farmington.

Thanks for reading along…

I would be thrilled to be your Charlottesville realtor.

Toby Beavers – Charlottesville realtor since 2003

Call or text me at 434-327-2999