$8,311 Closing Credit¹
#358486, Kem E Cobb, Listing Office: Elite Realty
$625,000 List price
506 Ivy Lake Dr Forest, VA 24551
$7,422
Closing credit¹
4 beds
2 full, 1 partial
3,224 sqft
0.8 acres
$194 / sqft
House
Property details
About 506 Ivy Lake Dr
Located in beautiful Ivy Lake community, this spacious home sits on the 5th fairway of Ivy Hill Golf Course, offering stunning views and serene surroundings. With both a great room and a family room, there is plenty of space for entertaining guests or enjoying family time. The main floor features a primary bedroom with ensuite for added comfort and convenience. The lovely gourmet kitchen boasts granite counter tops, stainless steel appliances, gas cooktop, and a pantry! The formal dining room adds an elegant touch, ideal for hosting dinner parties or holiday meals. Enjoy maintenance-free decking that overlooks the golf course perfect for morning coffee or evening relaxation. The property includes both a two-car garage and a two-car carport, providing ample parking and storage. The unfinished basement includes a roughed-in bathroom and fireplace, offering endless possibilities for customization. This stunning home blends luxury, comfort, and potential all in one exceptional location.
Highlights
Home typeSingle Family Residence
HeatingHeat Pump, Zoned
StatusActive
CoolingHeat Pump
Size3,224 sqft
BasementYes
Lot size0.75 Acres
Year built1997
MLS #358828
Fireplace2 Fireplaces, Gas Log, Great Room
ViewOther, Mountain(s), Golf Course
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Electric Range, Gas Range, Refrigerator, Self Cleaning Oven, Washer
- Basement: Yes
- Flooring Type: Carpet, Hardwood, Tile
- Interior: Ceiling Fan(s), Great Room, High Speed Data Aval, Main Level Bedroom, Main Level Den, Primary Bed w/Bath, Pantry, Separate Dining Room, Tile Bath(s), Whirlpool Bath, Dryer Connection, Laundry Room, Main Level, Separate Laundry Rm., Washer Connections
- Fireplace: 2 Fireplaces, Gas Log, Great Room
- Total Bedroom Count: 4
- View: Other, Mountain(s), Golf Course
- Exterior: Deck, Off-Street Parking, Patio, Front Porch, Paved Drive, Landscaped, Insulated Glass, Tennis Courts Nearby, Mountain Views, Club House Nearby, Golf Nearby, On Golf Course
- Architectural Style: Story and a half, Two Story
- Heating: Heat Pump, Zoned
- Cooling: Heat Pump
- List Price: $625,000
- Price/SqFt: $193
- Annual Tax Amount: $1,954
- Tax Year: 2024
- Directions: Forest Rd to Perrowville Rd, R- Ivy Lake Drive, house on right
- Year Built: 1997
- Stories: 2
- Living Area: 3,224 SqFt
- Lot Size: 0.75 Acres
- MLS Number: 358828
- MLS Name: Lynchburg
- Office Name: Realty ONE Group Leading Edge
- Office Phone: (434) 544-0100
- Listing Agent: Tamara Dodson
Information is provided by the Lynchburg Association of REALTORS®. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Lynchburg Association of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2025, 5:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$625,000
506 Ivy Lake Dr
$7,422
closing credit¹
Sell your home with Rocket and save even more!
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 20, 2016 | Home Sold | $369,900 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $476,600 | $1,954 |
| 2023 | $238,300 | $1,954 |
| 2022 | $193,900 | $1,939 |
| 2021 | $387,800 | $1,939 |
| 2020 | $387,800 | $1,939 |
| 2019 | $387,800 | $1,939 |
History based on county public records data.
Nearby schools
8
Forest Elementary School
Public District KG-5
1.2 mi
•1 Scholar Ln
8
Thomas Jefferson Elementary School
Public District PK-5
2.8 mi
•1255 Patriot Pl
5
Boonsboro Elementary School
Public District KG-5
5.2 mi
•1234 Eagle Cir
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 $85,381. Typical income of Forest, VA residents is between $35k-100k annually. The majority of families are married, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
18%
<35k
39%
35k-100k
35%
100k-200k
8%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
23%
Single, No Kids
8%
Single, with Kids
40%
Married, No Kids
29%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
10%
12-17 yrs old
15%
18-34 yrs old
43%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Skiing/snowboarding
PGA/LPGA
College Football
Where do the neighbors shop?
BJs Wholesale Club
Stein Mart
Express/Express For Men
Where do the neighbors go to eat?
Panera
Bob Evans
Cracker Barrel
What do the neighbors drive?
Infiniti
Lincoln
Lexus
What do the neighbors listen to?
Adult Hits
News/Talk/Information
Oldies
All data provided by Home Junction and Claritas
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Frequently asked questions
About 506 Ivy Lake Dr
The listing price of 506 Ivy Lake Dr property is $625,000.
The property 506 Ivy Lake Dr is a house located in Forest, Virginia, 24551.
Active Listing: 506 Ivy Lake Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 506 Ivy Lake Dr are: Forest Elementary School (GreatSchools Rating 8/10), Thomas Jefferson Elementary School (GreatSchools Rating 8/10), Boonsboro Elementary School (GreatSchools Rating 5/10), Forest Middle School (GreatSchools Rating 7/10), Brookville Middle School (GreatSchools Rating 4/10), Sandusky Middle School (GreatSchools Rating 3/10), Jefferson Forest High School (GreatSchools Rating 5/10), Brookville High School (GreatSchools Rating 5/10), Heritage High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $1,954 (source: MLS/based on county public records data).
The last sale was on April 20, 2016 for $369,900 (source: MLS/tax record).
The property at 506 Ivy Lake Dr has 4 bedrooms and 2 full and 1 half bathrooms.
The property 506 Ivy Lake Dr is 3,224 SqFt (source: MLS/tax record).
The year of construction for 506 Ivy Lake Dr is 1997.
This home is located at 506 Ivy Lake Dr in Forest, VA and zip code 24551. This 3,224 square foot home, which was built in 1997, sits on a 0.75 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 25, 2025 and is currently priced at $625,000.
In March 2025, from all listings sold in Forest, VA there were more than 2 sold above asking price, over 13 sold below and more than 9 were sold right at the asked price. In March 2025 in Forest, VA there were 15.6% more homes for sale than in February. In March 2025 median list price was $415,000 and the average listing age was 50 days.
From Rocket Homes Real Estate and based on county public records data.