Well-appointed historic residence (c. 1820) centrally located in downtown Lexington offers a rare turn-key residential opportunity in the C1 commercial zoning district allowing for a multitude of uses including short-term rental. Meticulously restored to the finest detail in 2007, the property now combines the grace and charm of an historic Lexington residence with fully updated modern amenities in one of the most convenient locations available.
Luxurious enhancements include an inviting kitchen with custom cabinetry, high-quality appliances, and venting system; all-new plumbing; all-new wiring with protective shielded cable; new roof, HVAC systems, and stone foundation; 4 full bathrooms and ground-floor powder room; extensive and intensive insulation; Wi-Fi and cable; and rebuilt chimneys with 5 fireplaces redesigned on Rumford principles for maximum efficiency. Among the property's most exceptional features is a restored historic outbuilding, thoughtfully modernized as an insulated studio/workshop with updated wiring. Rare in a downtown setting, this detached structure can accommodate a multitude of potential accessory uses, potentially including extra living space - flexibility difficult to replicate in this location. The property, which occupies a large city lot, features expansive grounds with spacious gardens and stone walls, off-street parking, and a highly desirable screened porch. Located in the Lexington Historic District, two blocks from historic Main Street, the property is within easy walking distance of Washington and Lee University and the Virginia Military Institute. Property is offered fully furnished with the exception of hanging art.
For sale
$989,000
111 S Jefferson St, Lexington, VA 24450
4beds
3,302sqft
Single Family Residence
Built in 1820
9,583 Square Feet Lot
$928,200 Zestimate®
$300/sqft
$-- HOA
What's special
Venting systemOff-street parkingStone foundationLarge city lotWi-fi and cableAll-new plumbingExtensive and intensive insulation
- 127 days
- 409
- 10
Zillow last checked:
Listing updated:
Listed by:
Will Moore 540-460-4602,
James Wm. Moore Real Estate Co. 540-463-7080
Source: Rockbridge Highlands REALTORS®,MLS#: 139967
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Forced Air, Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Oven, Refrigerator, Gas Range, Electric
Features
- Walk-In Closet(s), Workshop
- Flooring: Tile, Wood
- Basement: Crawl Space
- Has fireplace: Yes
Interior area
- Total structure area: 3,302
- Total interior livable area: 3,302 sqft
Property
Features
- Patio & porch: Screened Porch
- Fencing: Wood,Fenced Yard
Lot
- Size: 9,583 Square Feet
Details
- Additional structures: Workshop
- Parcel number: 23146
- Zoning: Commercial
- Zoning description: Commercial
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1820
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Security: Security System
HOA
- Has HOA: No
Location
- Region: Lexington
Financial & listing details
- Price per square foot: $300/sqft
- Tax assessed value: $525,700
- Annual tax amount: $4,836
- Date on market: 4/28/2026
Estimated market value
$928,200
$882,000 - $975,000
$4,415/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/28/2026 | Listed for sale | $989,000-23.6%$300/sqft |
Source: | ||
| 9/27/2024 | Listing removed | $1,295,000$392/sqft |
Source: | ||
| 3/18/2024 | Price change | $1,295,000+36.5%$392/sqft |
Source: | ||
| 8/29/2023 | Price change | $949,000-13.7%$287/sqft |
Source: | ||
| 5/9/2023 | Price change | $1,100,000-15.1%$333/sqft |
Source: | ||
| 12/30/2022 | Listed for sale | $1,295,000+4.9%$392/sqft |
Source: | ||
| 2/22/2014 | Listing removed | $1,235,000$374/sqft |
Source: RE/MAX TOWN & COUNTRY #126974 Report a problem | ||
| 2/22/2013 | Listed for sale | $1,235,000$374/sqft |
Source: REMAX Town & Country #126974 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $525,700 |
| 2023 | -- | $525,700 |
| 2022 | -- | $525,700 +25.4% |
| 2021 | -- | $419,100 |
| 2020 | -- | $419,100 |
| 2018 | -- | $419,100 +3.6% |
| 2017 | -- | $404,600 |
| 2016 | -- | $404,600 |
| 2015 | -- | -- |
| 2014 | -- | -- |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 24450
Nearby schools
Schools provided by the listing agent
- Elementary: Waddell
- Middle: Lylburn Downing
- High: Rockbridge Co
Source: Rockbridge Highlands REALTORS®. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.








