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5408 Mount Vernon Memorial Hwy, Alexandria, VA, 22309

2beds
1baths
840sqft
$2,400,000
$2,857price/sqft
$15,422/moest. monthly cost
$616,880/yrincome needed

About This Home

Steeped in American history and positioned in one of Northern Virginia's most strategically valuable corridors, this rare land assemblage presents a monumental development opportunity. Offered exclusively as a combined package, 5400 and 5408 Mount Vernon Memorial Highway deliver approximately 2.83 contiguous acres of prime, high visibility Alexandria real estate. Located on land originally surveyed and owned by George Washington as part of his historic Mount Vernon Estate, this premier parcel grouping combines two distinct tax identification numbers to unlock a premier footprint for an ambitious builder, investor, or visionary looking to construct a private multiacre custom enclave. The layout of the development portfolio includes 5400 Mount Vernon Memorial Highway, which spans an expansive 1.7 acres and features a stately, sun drenched six bedroom, four and a half bath estate. This structure provides strong immediate rental income or an elegant primary residence while development plans are finalized, offering robust subdivision possibilities. Adjoining it is 5408 Mount Vernon Memorial Highway, consisting of approximately 1.13 acres. The existing cottage serves as a functional teardown, shifting the primary value to its superb, cleared acreage and expansive footprint. By bundling these adjoining properties, developers can bypass the friction of separate land acquisition, optimizing site layout, minimizing setback limitations, and maximizing total lot yield. Together, these properties, encompassing two parcels (Tax ID#s 109-2-01-0035 & 109-2-01-0034) are offered as a combined sale. Beyond its historical pedigree, the location offers exceptional lifestyle and commuting advantages, providing seamless access to major employment hubs, commercial centers, and transit infrastructure. Positioned minutes from Fort Belvoir, it offers effortless access for defense contractors and military personnel. Direct proximity to the George Washington Memorial Parkway, Route 1, and Interstate 95 ensures a smooth commute to the Pentagon, Joint Base Andrews, and downtown Washington, D.C. Residents will enjoy a high quality of life with immediate access to nearby Mount Vernon Plaza and local boutiques, providing a blend of national retailers and local specialties. Furthermore, the property is located just a short distance from the historic waterfront dining of Old Town Alexandria, vibrant eateries, local marinas, and the scenic Mount Vernon Trail, combining suburban privacy with an active lifestyle. This land assemblage represents a significant opportunity along a prestigious corridor, allowing developers to secure a substantial piece of Northern Virginia's heritage and shape its future.

Getting Around

23
WalkingCar-Dependent
41
TransitSome Transit
39
BikeSomewhat Bikeable

Schools

5/10
Whitman Middle SchoolGrades 7-83.5 mi
2/10
Mount Vernon High SchoolGrades 9-122.2 mi

Construction

Condition

  • Year built: 1952

Materials

  • Foundation: Other
  • Construction materials: Combination

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cottage
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Humidifier,Ice Maker,Oven/Range - Electric,Refrigerator,Washer,Water Heater,Electric Water Heater

Basement

  • Level: Lower
  • Area: 208
  • Dimensions: 13 X 16

Basement

  • Has basement: Yes
  • Basement: Full

Bedroom1

  • Features: Flooring - HardWood
  • Level: Main
  • Area: 132
  • Dimensions: 11 X 12

Bedroom2

  • Features: Flooring - HardWood
  • Level: Main
  • Area: 120
  • Dimensions: 10 X 12

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Features

  • Attic,Eat-in Kitchen,Floor Plan - Traditional
  • Finished area below ground: 0
  • Finished area above ground: 840

Heating & Cooling

  • Heating features: Hot Water,Electric
  • Cooling features: Ceiling Fan(s),Heat Pump,Electric

Interior Area

  • Total structure area: 840
  • Total interior livable area: 840 sqft

Kitchen

  • Level: Main
  • Area: 169
  • Dimensions: 13 X 13

Living Room

  • Features: Flooring - HardWood
  • Level: Main
  • Area: 208
  • Dimensions: 13 X 16

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 1092 01 0034
  • Zoning: 120
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None

Lot

  • Lot size: 1.13 Acres
  • Features: Wooded

Parking

  • Parking features: Circular Driveway,Off Street,Driveway
  • Has uncovered spaces: Yes

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

  • Coastal Flooding
    Coastal FloodingModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Heat Wave
Inland Flooding
Winter Weather
Tsunami

FEMA Declared Disasters Across Virginia Counties

Severe 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 $12,135$145,620
Home Insurance *$525$6,300
Property Taxes $2,560$30,720
Electricity $202$2,433
Total$15,422$185,064
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$528,754/yr
40% on housing$462,660/yr
45% on housing$411,253/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: 6.3%
6.3%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 1.1%
1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$2,857This listing

vs Other Active Listings

Avg $/sqft

ZIP 22309$250
Fairfax County$325

vs Homes Sold Last Month

Median $/sqft

ZIP 22309$306
Fairfax County$355

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)

Price History

DateEventPrice
2024-04-23Listing removed--
2024-04-01Listed for rent$2,300
2022-08-15Listing removed--
2022-07-19Listed for rent$2,150
2019-04-14Listing removed$1,800
2019-03-07Price change$1,800
2019-02-22Listed for rent$1,900
2016-08-19Listing removed$399,500
2016-07-27Price change$399,500
2016-05-18Listed for sale$417,500
2003-10-16Sold$290,000

Coming Soon

AgentBrian Wilson
BrokerageRedfin Corporation

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