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2863 Palmer Dr, Keswick, VA, 22947

4beds
6baths
4,974sqft
$4,950,000
$995price/sqft
$28,318/moest. monthly cost
$1,132,720/yrincome needed

About This Home

Keswick Springs | Set on five acres blending manicured gardens with natural beauty in Keswick Estate just outside Charlottesville, this 4,900+ sq ft home offers 4 bedrooms and 4 full-plus-2 half baths, combining traditional Southern architecture with modern livability. Light-filled interiors include a refined dining room, library, chef’s kitchen with scullery and wet bar, and multiple spaces for entertaining. The primary suite is a private retreat, while additional bedrooms and a snug studio offer flexibility for guests or work. Custom wallpaper, artisan-crafted millwork, and expansive windows frame garden and water views. Outdoor living features deep porches, a screened porch, and terraces overlooking native plantings, kitchen gardens, fruit trees, and a tranquil lake. Within Keswick Estate, owners have the option to join the Keswick Club, offering Pete Dye’s Full Cry championship golf course, an adults-only infinity-edge pool, tennis courts, fitness center, spa, and dining at Marigold by Jean-Georges. Enjoy a rare blend of timeless design, resort-style amenities, and a serene natural setting in one of Virginia’s most prestigious communities.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
18
BikeSomewhat Bikeable

Schools

3/10
6/10
Monticello High SchoolGrades 9-127.5 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2025

Materials

  • Foundation: Poured
  • Roof: Copper,Shingle,Wood
  • Construction materials: HardiPlank Type,Stick Built

Other

  • Builder name: ALEXANDER | NICHOLSON

Type & Style

  • Home type: SingleFamily
  • Architectural style: Farmhouse
  • Property subType: Farm,Single Family Residence

Interior

Basement

  • Basement: Crawl Space

Bathroom

  • Level: First

Bathroom

  • Level: Second

Bedroom

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 6
  • Full bathrooms: 4
  • 1/2 bathrooms: 2
  • Main level bathrooms: 3
  • Main level bedrooms: 1

Dining Room

  • Level: First

Features

  • Primary Downstairs,Butler's Pantry,Entrance Foyer,Home Office,Mud Room
  • Number of fireplaces: 2
  • Fireplace features: Two
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 4,974

Foyer

  • Level: First

Half Bath

  • Level: First

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 5,766
  • Total interior livable area: 4,974 sqft

Kitchen

  • Level: First

Laundry

  • Level: Second

Laundry

  • Level: First

Living Room

  • Level: First

Master Bathroom

  • Level: First

Master Bedroom

  • Level: First

Mud Room

  • Level: First

Office

  • Level: First

Other

  • Features: Butler's Pantry
  • Level: First

Study

  • Level: First

Property

Details

  • Parcel number: 080000000010H0
  • Zoning description: RA Rural Area
  • Exclusions: To be discussed.

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Rear Porch,Front Porch,Patio,Porch,Screened
  • Exterior features: Porch
  • Has view: Yes
  • View description: Garden,Trees/Woods,Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes

Lot

  • Lot size: 5.01 Acres
  • Features: Cul-De-Sac,Garden,Landscaped,Secluded,Wooded,Waterfront

Parking

  • Total spaces: 2
  • Parking features: Detached,Garage,Garage Door Opener,Garage Faces Side
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Drought
    DroughtModerate
  • Hurricane
    HurricaneModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Strong Wind
Drought
Hurricane
Lightning
Tornado
Winter Weather

FEMA Declared Disasters Across Virginia Counties

Severe Storm
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $25,029$300,348
Home Insurance *$1,136$13,632
Property Taxes $1,674$20,088
Electricity $479$5,749
Total$28,318$339,816
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$970,902/yr
40% on housing$849,540/yr
45% on housing$755,146/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.9%
9.9%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 3.6%
3.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$995This listing

vs Other Active Listings

Avg $/sqft

ZIP 22947$240
Albemarle County$270

vs Homes Sold Last Month

Median $/sqft

ZIP 22947$276
Albemarle County$294

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-11-01Price change$5,595,000
2025-08-11Listed for sale$6,500,000

New Construction

AgentMURDOCH MATHESON
BrokerageFRANK HARDY SOTHEBY'S INTERNATIONAL REALTY

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