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$1,499,000

501 Racefield Dr Toano, VA 23168

130.0 acres
Land

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

Home typeVacant Land
StatusActive
Lot size130 Acres
MLS #10520753
WaterfrontCreek

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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Last updated on: 7/16/2025, 11:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty 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.

All data from GreatSchools

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.

How much money do the neighbors make?

20%
<35k
52%
35k-100k
24%
100k-200k
4%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

30%
Single, No Kids
10%
Single, with Kids
32%
Married, No Kids
28%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

18%
<11 yrs old
10%
12-17 yrs old
18%
18-34 yrs old
43%
35-64 yrs old
11%
65+ yrs old

What do the neighbors do for fun?

  • HuntingHunting
  • Pro WrestlingPro Wrestling
  • NASCARNASCAR

Where do the neighbors shop?

  • Dick's Sporting GoodsDick's Sporting Goods
  • DillardsDillards
  • Wal-MartWal-Mart

Where do the neighbors go to eat?

  • Texas RoadhouseTexas Roadhouse
  • Cracker BarrelCracker Barrel
  • Hardee'sHardee's

What do the neighbors drive?

  • SubaruSubaru
  • CadillacCadillac
  • RamRam

What do the neighbors listen to?

  • New CountryNew Country
  • News/Talk/InformationNews/Talk/Information
  • Classic CountryClassic Country
All data provided by Home Junction and Claritas

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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.

From Rocket Homes Real Estate and based on county public records data.

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