Escape to your own private mountain retreat with direct access to the Maury River, breathtaking mountain views, and 5.76 acres of natural beauty just minutes from historic downtown Lexington, VA. Situated on two contiguous parcels, this architecturally distinctive home, designed by Lee Merrill, offers a rare opportunity to enjoy the tranquility of the Shenandoah Valley with the convenience of nearby amenities. Inside, approximately 2,895 square feet of thoughtfully designed living space features three bedrooms, three full bathrooms, soaring ceilings, maple hardwood floors, expansive windows, and handcrafted architectural details. A Scandinavian wood stove anchors the inviting open living area, while an expansive screened porch provides an idyllic setting to take in the mountain views.
entertain guests, or simply unwind in the peaceful surroundings. A truly special river-access property where architecture, nature, and mountain living come together.
The primary suite offers beautiful views of the surrounding landscape and a spa-inspired bathroom featuring a Japanese soaking tub and walk-in tile shower. Outdoors, thoughtfully landscaped grounds, inviting patios, and winding walking paths enhance the property's peaceful mountain retreat atmosphere. A private path leads directly to the Maury River, offering opportunities for kayaking, fishing, and enjoying the natural beauty of the waterfront. With 5.76 acres across two contiguous parcels, this exceptional Lexington, VA property offers a rare combination of river access, architectural distinction, and the privacy of a secluded mountain getaway, all within minutes of historic downtown Lexington.
For sale
Price cut: $56K (10/27)
$699,000
40 Monte Carlo Ln, Lexington, VA 24450
3beds
2,895sqft
Single Family Residence
Built in 2010
5.76 Acres Lot
$676,600 Zestimate®
$241/sqft
$33/mo HOA
What's special
Breathtaking mountain viewsWinding walking pathsThoughtfully landscaped groundsWalk-in tile showerSoaring ceilingsInviting patiosHandcrafted architectural details
- 207 days
- 1,348
- 88
Zillow last checked:
Listing updated:
Listed by:
Kimberly Hostetter 540-460-9182,
EXP Realty LLC 703-665-3362
Source: CVRMLS,MLS#: 2629612
Originating MLS: Central Virginia Regional MLS
Originating MLS: Central Virginia Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Description: Walk-in closet, ensuite bath, soaking tub
- Level: Second
- Dimensions: 25.11 x 17.11
Bedroom 2
- Level: Main
- Dimensions: 11.9 x 14.4
Bedroom 3
- Level: Basement
- Dimensions: 11.10 x 14.6
Additional room
- Description: Screened porch
- Level: Main
- Dimensions: 15.7 x 23.0
Additional room
- Description: Bonus room
- Level: Basement
- Dimensions: 10.2 x 11.8
Additional room
- Description: Utility room
- Level: Basement
- Dimensions: 9.6 x 11.8
Dining room
- Description: Dining area
- Level: Main
- Dimensions: 10.2 x 11.8
Family room
- Description: Walkout to rear patio
- Level: Basement
- Dimensions: 31.1 x 26.7
Foyer
- Level: Main
- Dimensions: 9.0 x 9.2
Other
- Description: Shower
- Level: Basement
Other
- Description: Shower
- Level: First
Other
- Description: Tub & Shower
- Level: Second
Kitchen
- Description: Large center island
- Level: Main
- Dimensions: 17.11 x 21.0
Laundry
- Description: Laundry
- Level: Main
- Dimensions: 6.1 x 7.10
Living room
- Description: Open to kitchen, Scandinavian wood stove
- Level: Main
- Dimensions: 13.1 x 18.6
Office
- Description: Workspace off primary bedroom
- Level: Second
- Dimensions: 11.6 x 8.4
Heating
- Electric, Heat Pump, Wood, Wood Stove
Cooling
- Central Air, Heat Pump
Appliances
- Included: Dryer, Dishwasher, Electric Cooking, Electric Water Heater, Microwave, Refrigerator, Stove, Washer
Features
- Bedroom on Main Level, Ceiling Fan(s), Dining Area, En Suite Bathroom, Full Bath on Main Level, High Ceilings, Kitchen Island, Skylights, Walk-In Closet(s), Workshop
- Flooring: Tile, Vinyl, Wood
- Windows: Skylight(s)
- Basement: Finished,Walk-Out Access
- Attic: Access Only
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 2,895 sqft
- Finished area above ground: 1,899
- Finished area below ground: 996
Video & virtual tour
Property
Parking
- Parking features: Driveway, No Garage, Unpaved
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Rear Porch, Screened, Porch
- Exterior features: Porch, Storage, Shed, Unpaved Driveway
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: River Front, Waterfront
- Body of water: Maury River
- Frontage length: 76.0000,76.0000
Lot
- Size: 5.76 Acres
- Features: Landscaped, Rolling Slope, Sloped, Wooded, Waterfront, Cul-De-Sac
- Topography: Sloping
Details
- Additional structures: Shed(s)
- Parcel number: 89362 & 89364
- Zoning description: R1
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary,Custom
- Property subtype: Single Family Residence
Materials
- Drywall, Frame, Synthetic Stucco
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 2010
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: Yes
- Services included: Road Maintenance
- HOA fee: $400 annually
Location
- Region: Lexington
Financial & listing details
- Price per square foot: $241/sqft
- Tax assessed value: $609,000
- Annual tax amount: $3,271
- Date on market: 4/16/2026
- Ownership: Individuals
- Ownership type: Sole Proprietor
Estimated market value
$676,600
$643,000 - $710,000
$3,371/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/27/2026 | Price change | $699,000-7.4%$241/sqft |
Source:  Rockbridge Highlands REALTORS® #139930 Report a problem | ||
| 7/21/2026 | Price change | $755,000-5%$261/sqft |
Source: Rockbridge Highlands REALTORS® #139930 Report a problem | ||
| 4/19/2026 | Listed for sale | $795,000$275/sqft |
Source: Rockbridge Highlands REALTORS® #139930 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,272 +4.9% | $511,200 |
| 2024 | $3,118 | $511,200 |
| 2023 | -- | $511,200 |
| 2022 | -- | $511,200 +18.9% |
| 2021 | -- | $430,000 |
| 2020 | -- | $430,000 |
| 2018 | -- | $430,000 |
| 2017 | $2,789 | $430,000 +13.3% |
| 2016 | $2,789 | $379,400 |
| 2015 | -- | -- |
| 2014 | -- | -- |
| 2013 | -- | -- |
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
- Middle: Maury River
- High: Rockbridge County
Source: CVRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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