Luxury Court Square Condos Charlottesville VA For Sale

500 Court Square is a historic Charlottesville landmark located on Court Square in the downtown area and offers 12, small, historic condos. Though the condos are NOT luxurious the building is and so is the location.

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At twelve stories, 500 Court Square dominates Charlottesville’s skyline located at the highest point of the city, Jefferson and Fifth Streets. As there are only 12 condos, the remainder of the building is used for offices primarily law firms.

Recently Sold 500 Court Square Condos

PRICE JUST REDUCED! This light-filled downtown condo is located within historic Court Square and overlooks Downtown Charlottesville. The landmark building also offers views of Monticello and Carter Mountain. Just steps from local restaurants, shopping, music and theater venues, the CODE building, and so much more. Great investment opportunity - condo is currently tenant occupied through 4/24/2023. The 5th floor, 431 finished sqft studio features a sunny interior, parquet and tile flooring, a living room/bedroom space with floor to ceiling built-ins, a kitchen with a repurposed pantry that is perfect for an office nook or crafting area, and a bathroom with a pedestal sink and tub/shower combo. HOA covers: water/sewer, gas, electric, trash, and Ting fiber internet. There is a laundry room within the building. There is no in-unit washer/dryer. Parking is located on street or one block away in the Market Street Parking garage (parking space not included). $220,000 Sold

500 COURT SQ 505 CHARLOTTESVILLE, Virginia

1 Baths 431 SqFt

A unique opportunity to own a condo on the 9th floor of the iconic 500 Court Square in the heart of Charlottesville’s historic district. This one bedroom one bath condo has phenomenal mountain and downtown views from every window, plenty of natural light and lots of efficient space. New flooring, fresh paint – ready to move into. An easy walk to a variety of dining choices, shopping and numerous entertainment venues. HOA covers water/sewer, gas, electric, trash, and Ting fiber internet. Don't miss this! $250,000 Sold

500 COURT SQ 901 CHARLOTTESVILLE, Virginia

1 Beds 1 Baths 639 SqFt

Enjoy living the downtown lifestyle at the old Monticello Hotel! Located only two blocks from the downtown mall and across the street from the Albemarle Court House. This light-filled one bedroom & one bath condo offers a unique built-in bed arrangement with three beds and lots of storage! The unit is being sold furnished and would make for a great rental, place to stay for UVA events, or for your home. Association fees cover heating, water, sewer, garbage and the lobby attendant. $280,000 Sold

500 COURT SQ 506 CHARLOTTESVILLE, Virginia

1 Beds 1 Baths 557 SqFt

Dramatic, all-day, 7th floor south-facing view of Carter's Mountain and the downtown mall, 500 Court Square is classic architecture made-modern when the Monticello Hotel converted to living space in 1973. Across from the Albemarle County Courthouse (the only US courthouse where three living Presidents practiced law at the same time), this secure building with lobby attendant is the heart of what makes C'ville unique. You can ditch the car--the best of town is on foot! Served by TING fiber internet, the condos fees include all utilities. The kitchen is efficient and a separate master bed/bath has been updated. A hallway from your inside-entrance front door is a perfect place for your art, and there are more closets than you might imagine. The windows and the view are one of the highlights, but the entire building is a vestige of bygone eras with modern amenities and the convenience of location. These units rare and sought-after for folks looking for location, efficiency, a second home to catch the weekend UVa games or in-town happenings all year long. Restaurants, theater, music as minutes away, or, never leave the building and order dinner at the Court Square Tavern, downstairs! Move-in ready for YOU! $282,500 Sold

500 COURT SQ 706 CHARLOTTESVILLE, Virginia

1 Beds 1 Baths 557 SqFt

Downtown living at it's best! 2 bedroom 2 bath condo at 500 Court Square. Suite 902 offers 877 sq. feet of living space, freshly painted with new flooring. It features open light-filled rooms with remarkable mountain and historic Court Square views. This is an absolute gem just steps from music, theater, shopping and dining in the heart of downtown Charlottesville. HOA covers water/sewer, gas, electric, trash, and Ting fiber internet. $347,500 Sold

500 COURT SQ 902 CHARLOTTESVILLE, Virginia

2 Beds 2 Baths 877 SqFt

Condos Sizes: studio, 1, and 2 bedrooms.

Condos Square Footage: 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 opened its doors to a large tourism crowd coming to Charlottesville to tour Jefferson’s Monticello.

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.

Median Price: As of 2023, the median price of a condo at 500 Court Square is $275,000. In 2022, 4 condos in 500 Court Square were sold. The four 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.

HOA fees: for 2023 they are $412 a month.

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

Charlottesville Public Schools serve 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 Court Square condos. They are cozy and historic. I also love the unbeatable location. I give this Charlottesville condo development an 8 out of 10. The condos are tiny and historic which means an owner could be hit with plumbing and electric problems.

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

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.

Note – 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.

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

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.

Update: From Sean Tubbs, a 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. “