#10578101, Sara Oubre, Listing office: BHHS RW Towne Realty
Property details
About 501 Racefield Dr
Unique opportunity to own large acreage in James City County. Bring your horses! This property consists of two contiguous parcels that combine to create over 130 acres. There are thirty acres of open land currently under cultivation. The balance is wooded with gently rolling terrain and contains open trails that provide good access to the property. The upper portion of Diascund Creek creates the southern border and this has some really nice vistas for possible homesites. There are many potential uses for this property, single family residential, farming, a nice equestrian facility, or simply recreation with plentiful waterfowl and wildlife. The property is just minutes from Exit 227 of I 64 and has road frontage on both Racefield Drive and Stewarts Road. The property is currently enrolled in James City County's AFD program.
Highlights
Summary
- Waterfront: Creek
- List Price: $1,499,000
- Annual Tax Amount: $1,092
- Tax Year: 2023
- Lot Size: 130 Acres
- MLS Number: 10520753
- Office Name: BHHS RW Towne Realty
- Listing Agent: Joe Terrell
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $668,700 | $1,092 |
2022 | $668,700 | $1,163 |
2020 | $668,700 | $1,169 |
2019 | $668,700 | $1,000 |
2018 | $668,700 | $950 |
2017 | $668,700 | $950 |
History based on county public records data.
Nearby schools
7
Stonehouse Elementary School
Public District KG-5
4.8 mi
•3651 Rochambeau Dr
5
Norge Elementary School
Public District PK-5
7.1 mi
•7311 Richmond Rd
6
J. Blaine Blayton Elementary School
Public District PK-5
7.3 mi
•800 Jolly Pond Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $71,393. Typical income of Toano, VA residents is between $35k-100k annually. Typical family type is married, no kids. The majority of residents in this area have high school diploma education.
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Frequently asked questions
About 501 Racefield Dr
The listing price of 501 Racefield Dr property is $1,499,000.
The property 501 Racefield Dr is land located in Toano, Virginia, 23168.
Active Listing: 501 Racefield Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 501 Racefield Dr are: Stonehouse Elementary School (GreatSchools Rating 7/10), Norge Elementary School (GreatSchools Rating 5/10), J. Blaine Blayton Elementary School (GreatSchools Rating 6/10), Toano Middle School (GreatSchools Rating 5/10), Lois Hornsby Middle School (GreatSchools Rating 6/10), New Kent Middle School (GreatSchools Rating 5/10), New Kent High School (GreatSchools Rating 5/10), Warhill High School (GreatSchools Rating 5/10), Lafayette High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $1,092 (source: MLS/based on county public records data).
The property 501 Racefield Dr is 130 acres.
This home is located at 501 Racefield Dr in Toano, VA and zip code 23168. Features: 0 bathroom. It has been listed on Rocket Homes since February 26, 2024 and is currently priced at $1,499,000.
While more than 3 listings in Toano, VA in June 2025 were sold above asking price, there were more than 4 listings sold at asking price, and more than 1 were sold below. The number of listings in Toano, VA increased by 6.5% between May and June 2025. The median list price of listings available in June 2025 was $475,000, while the average time on the real estate market was 28 days.