Despite being considered a niche price point (comprising only 2% of local home sales in the past two years), the Greater Richmond luxury housing market is growing. Wondering what a million-dollar home looks like in RVA? The results might surprise you.
While Henrico County and the City of Richmond have historically cornered the market on high-end properties, home buyers seeking a more rural setting might enjoy one of several new communities in the farther reaches of Chesterfield, Goochland, or Hanover Counties.
If your sights are set on a home in the $1 million – $1.5 million price point, here are some neighborhoods you might want to consider (and if you’re relocating to Richmond, welcome home!). As always, if you’d like to explore these areas in greater detail, please give me a call–I can show you what’s available right now, including some hidden gems and off-market opportunities.
Chesdin Landing: Situated along the County’s southern border, this lakeside community offers spacious lots and a rural setting.
Founders Bridge: Bordering the well-known Independence Golf Club, this community straddles the Chesterfield / Powhatan County line and offers resort-style amenities such as walking trails and a clubhouse with pool. The neighborhood is convenient to Route 288 and Midlothian shopping and dining.
Hallsley: Not only does Hallsley offer the largest concentration of homes in the $1 million – $1.5 million price point in Chesterfield, the neighborhood held the distinction of the Best Community in America in 2017. Located off the main thoroughfares, but convenient to local Routes 60 and 288, this community offers a clubhouse with cabana bar, pool, sports courts, dog parks, and a stocked pond for fishing! The community also offers a variety of events for all ages, year-round.
Reed’s Landing: This gated community, situated amongst mature landscaping off Old Gun Road in Midlothian, features large homesites, outdoor activities, and a private feel, yet close to local upscale shopping and dining.
Salisbury: Among Midlothian’s oldest and largest neighborhoods, Salisbury is located along the Robious Road corridor and offers two lakes for a variety of water activities, miles of multi-use paths, clubs for hobbyists, and special events. The adjacent Salisbury Country Club offers golf, tennis, and swimming to its members.
Tarrington: Across Robious Road from Salisbury, you’ll find its smaller, newer neighbor, Tarrington. Backing the James River affords this community an exclusive riverfront park available only to residents, along with walking trails and a clubhouse with swimming and fitness facilities.
In the spring of 2022, I represented the owners of 13306 Henlow Drive in the sale of their Tarrington home:
Built in 2007, this 6-bedroom, 5-bath home offers 5,185 SF of living space plus an unfinished walk-out basement of 2,376 SF. Listed at $1,000,000, this home received multiple offers and went under contract in 7 days with a final sold price of $1.227 million.
Kinloch: Located in Manakin-Sabot on the eastern end of Goochland County, Kinloch offers spacious building lots situated along a 70-acre lake. The community’s proximity to I-64 and Route 288 provides easy access to shopping, dining, and healthcare providers. Oh, and the neighborhood is adjacent to the private (and nationally-ranked) Kinloch Golf Club, too.
Meadows at Manakin: Just southwest of Kinloch, you’ll find The Meadows at Manakin, a wooded community featuring the 100+-acre Dover Lake, perfect for a variety of outdoor activities including electric-powered boating. If you’re looking to maximize square footage and lot size, while still enjoying neighborhood amenities, The Meadows might just be the community for you.
Barrington: Situated near Three Chopt Rd. and John Rolfe Parkway, the neighborhoods of Barrington are just a stone’s throw from Short Pump shops and restaurants, but offer a sense of privacy, with larger lot sizes (typically around three-quarters of an acre) and a community recreational lake.
Sleepy Hollow: Situated near the intersection of Parham and River Roads is the large community of Sleepy Hollow, with access to Bryant Pond. If you’re looking a mix of old home charm with modern updates, you might find a hidden gem in Sleepy Hollow. If you love the location, but classic Colonial is more your speed, check out the adjacent neighborhood of Countryside. Or, if you’re searching for a nearby neighborhood with community amenities such as a pool and playground, you might want to look at Foxhall.
Wyndham: If you’re searching for a community with all-encompassing amenities, look no further than Wyndham! This vibrant community offers a wide variety of athletic and recreational activities, sports courts, pool, and a pond for fishing and kayaking. You’ll also find a private golf course, along with a packed events calendar that appeals to a broad range of interests for all ages.
Foxchapel: The well-established community of Foxchapel is situated near many of Richmond’s premier destinations, including University of Richmond and The Country Club of Virginia. The neighborhood also features a pond for serene enjoyment. Just east of Foxchapel, you’ll find the neighborhood of Riverlake Colony, offering homes in a similar style and price point.
Westham: If you’re looking for an older home with tons of character that’s a short walk or bike ride away from the University of Richmond, the Country Club of Virginia, and local shopping and dining, Westham might be the perfect fit for you. Sub-neighborhoods within Westham offer varying price points and home configurations, so those searching for sub-$1 million price points can get in on the action, too.
My colleagues at SRMF Real Estate, Scott Shaheen and Scott Ruth, represented the owner in the sale of their Westham home at 6503 River Road in the spring of 2022:
Built in 1953, this 4-bedroom, 4.5-bath brick Colonial offers just over 4,000 SF of living space and is situated on a 1-acre manicured lot. The home was updated in 2019 and features both covered and open-air outdoor living spaces along with a private saltwater pool. Listed at $1,350,000, this stunning property went under contract in 9 days with a final sales price of $1.871 million.
Walnut Hill: Walnut Hill is located in Rockville, on the western end of the county, and offers a mix of rolling pastures and woodlands. Oh, and it’s also adjacent to the South Anna River and offers trails for walking, biking, and horseback riding. If you’re looking for a property with a lot of space and privacy, but you want to be within 15 minutes of Short Pump Town Center, Walnut Hill might be the place for you.
City of Richmond
Glenburnie: Located between Grove and Patterson in the Westhampton area, Glenburnie is one of the most walkable neighborhoods in the entire city, within a stone’s throw of shopping, dining, playgrounds, and parks. In Glenburnie, you’ll find tastefully updated midcentury-era homes in Colonial and Cape Cod styles. If you’d prefer to be within a bike ride of the Libbie and Grove area, head slightly east of Glenburnie to the Stonewall Court community.
Colonial Place: Offering a mix of mid-century homes and new construction, and various price points up to and just over $1 million, Colonial Place is conveniently located just east of Willow Lawn between Monument and Patterson Avenues.
Ginter Park: Situated on Richmond’s northside, Ginter Park is convenient to the interchange of Interstates 64 and 95, making for easy access for commuting to downtown Richmond or points north.
Granville South: Nestled off Gayton Road, just a few blocks south of West Broad, you’ll find the hidden gem of a neighborhood that is Granville South. In less than 10 minutes, you can be at Short Pump Town Center, cruising along I-64 towards the city, or heading towards Chesterfield on Route 288. Home styles in this neighborhood tend towards large brick Colonials of over 3,500SF.
In the summer of 2022, I represented the sellers in listing their Granville South home, located at 3809 Rupert Lane:
Built in 2000, this stately brick home, comprised of 5 bedrooms and 5 baths and almost 5,000 SF of finished space, offered turnkey living with all of the major systems recently updated or replaced. Listed at $1,097,000, this beautiful property went under contract in 9 days with a final sold price of $1.2 million.
Hampton Gardens: Located just northeast of the Westhampton area, Hampton Gardens is a short stroll from the Libbie and Grove corridor of retailers and restaurants, and an easy drive to Carytown, Downtown, or the West End. Homes in Hampton Gardens date back as far as the late 1800s and offer a diverse mix of architectural styles.
Hampton Hills: This historic neighborhood, located along the River Road and Three Chopt corridor just across from the prestigious Country Club of Virginia, features beautifully maintained homes built in the early 1900s.
Hillcrest: Hillcrest is perched between the James River to the south and Cary Street to the north, and offers a mix of architectural styles, from stucco Tudors to brick ranchers. The community is close to the outdoor activities the river has to offer, as well as easy access to Carytown and the Museum District.
Riverwatch on the James: This neighborhood is located just south of the James River off Cherokee Road and features sprawling homes with mature landscaping and serene water views. Property owners enjoy private access to the riverfront via a 5-acre nature preserve.
In the spring of 2022, I represented the owners of 9141 James Riverwatch Drive in the sale of their Riverwatch on the James property:
Built in 2015, this gorgeous custom-built home features 5 bedrooms and 4.5 baths and just over 8,000 SF of finished living space, with luxurious amenities such as a wine cellar, high-end appliances, outdoor living spaces with retractable screens, a custom-built outdoor fireplace, and seasonal views of the James River. This property went under contract in 7 days and sold at the full list price of $1,800,000.
Tuckahoe Terrace: Situated just east of the intersection of Libbie and Grove Avenues is Tuckahoe Terrace. This sought-after neighborhood is exceedingly walkable, with Richmond’s premier shops and dining just around the corner. You’re also a short drive from the Downtown Expressway (I-195).
Windsor Farms: Located just west of the famed Carytown shopping district and north of the James River, you’ll find Windsor Farms. Established in 1926, in the style of English villages of the time, this sought-after community features English Tudor and European Revival architectural styles, as well as twenty beautifully landscaped acres of common areas for residents to enjoy.
Non-Subdivision Neighborhoods: While it might seem like a safe bet to stick to the subdivisions, there are some other wonderful neighborhoods within the city limits with fabulous properties, too, including Three Chopt Road, Grove and Monument Avenues, or Franklin Street to name a few.
Whether you’re searching for your first home or your forever home, I’d love to help you find the perfect property and neighborhood to fit your lifestyle! Please reach out to me to get started on your search–and be sure to stay tuned for a future post about homes in the $2+ million range.
Kristin is the founder and owner of The Beran Group, a real estate team of over 20 agents and the #1 team at Shaheen, Ruth, Martin & Fonville in Richmond, VA. Her 18-year career in real estate has resulted in over 1,200 transactions with a total of more than $310 million in residential sales.
Kristin was born and raised in RVA. Throughout her career, she has impacted Richmond by serving in industry leadership roles at the national, state, and local levels. She holds a B.S. in Mass Communications from Virginia Commonwealth University and has achieved numerous industry awards including Rookie of the Year, and is certified by the Institute for Luxury Home Marketing.
Kristin currently helps her clients buy and sell homes throughout the Greater Metro Richmond area, and works with Realtors to grow themselves and their businesses to achieve new heights.
In her free time, Kristin can be found on her farm with her family and horse, reading, listening to podcasts, or taking tennis and pilates classes. She enjoys watching her son Anders play squash, tennis, and golf with Bryan, her husband of nearly 20 years.
Mair Downing is the editor at BeranGroupHomes.com. She oversees the development and creation of all of our articles here, so if you like them, be sure to let her know!
Mair is also an amazing Realtor with The Beran Group. She’s never met a stranger, so it’s no surprise if you feel like old friends after the first meeting. Mair is passionate about helping sellers and buyers navigate the sometimes complex world of real estate. If you’re a podcast junkie, check out Obsessed with Homes, where Mair shares the information she’s learned along her real estate journey.