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Active
    • Price cut: $40K (7/21)
    $755,000

    40 Monte Carlo Ln, Lexington, VA 24450

    3beds
    2,895sqft
    : 
    $4,450/mo
    Get pre-qualified
    Single Family Residence
    Built in 2010
    5.76 Acres Lot
    $732,400 Zestimate®
    $261/sqft
    $-- HOA

    What's special

    Mountain viewsLandscaped groundsWalk-in tile showerSoaring ceilingsHandcrafted architectural details throughoutThree bedroomsExpansive screened porch
    Designed by architect Lee Merrill, this distinctive home is set on 5.76 private acres across two contiguous parcels with direct access to the Maury River, offering a rare combination of architectural character, mountain views, and privacy just minutes from downtown Lexington. Positioned to capture the surrounding landscape, the home offers approximately 2,895 square feet with three bedrooms, three full bathrooms, soaring ceilings, maple hardwood floors, expansive windows, and handcrafted architectural details throughout. The open living area is anchored by a Scandinavian wood stove and flows seamlessly to an expansive screened porch where mountain views create the perfect backdrop for morning coffee, outdoor dining, or quiet evenings. The primary suite features beautiful views along with a Japanese soaking tub and walk-in tile shower. Outside, landscaped grounds, patios, and walking paths create inviting spaces to relax, while a path leads to the Maury River for kayaking, fishing, or simply enjoying the peaceful waterfront. A property of this caliber, combining exceptional architecture, direct river access, and an unmatched natural setting, is a rare opportunity in the Shenandoah Valley.
    19 days
    |
    1,399
    |
    72
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Kimberly Hostetter 540-460-9182,

    eXp Realty LLC 833-335-7433

    Source: CAAR,MLS#: 679753MLS LogoOriginating MLS: Harrisonburg-Rockingham Area Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      • Main level bathrooms: 1
      • Main level bedrooms: 1
      Rooms
      • Room types: Bathroom, Bonus Room, Bedroom, Dining Room, Family Room, Full Bath, Foyer, Kitchen, Laundry, Living Room, Utility Room
      Primary bedroom
      • Level: Second
      Bedroom
      • Level: First
      Bedroom
      • Level: Basement
      Bedroom
      • Level: Basement
      Bathroom
      • Level: First
      Bathroom
      • Level: Second
      Bathroom
      • Level: Basement
      Bonus room
      • Level: Second
      Dining room
      • Level: First
      Family room
      • Level: Basement
      Foyer
      • Level: First
      Kitchen
      • Level: First
      Laundry
      • Level: First
      Living room
      • Level: First
      Other
      • Level: Second
      Utility room
      • Level: Basement
      Heating
      • Central, Heat Pump
      Cooling
      • Central Air, Heat Pump
      Features
      • Entrance Foyer, Utility Room
      • Basement: Exterior Entry,Full,Finished,Heated,Interior Entry,Walk-Out Access
      Interior area
      • Total structure area: 2,895
      • Total interior livable area: 2,895 sqft
      • Finished area above ground: 2,895
      • Finished area below ground: 0

      Property

      Features
      • Levels: Two
      • Stories: 2
      • Pool features: None
      Lot
      • Size: 5.76 Acres
      Details
      • Parcel number: #89362 & #89364
      • Zoning description: R-1 Residential, 1 Dwelling/Acre

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Stick Built
      • Foundation: Block
      Condition
      • New construction: No
      • Year built: 2010

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, High Speed Internet Available, Other

      Community & HOA

      Community
      • Subdivision: THE RIVIERA
      HOA
      • Has HOA: Yes
      Location
      • Region: Lexington

      Financial & listing details

      • Price per square foot: $261/sqft
      • Tax assessed value: $511,200
      • Annual tax amount: $3,271
      • Date on market: 4/16/2026
      • Cumulative days on market: 116 days

        Estimated market value

        $732,400

        $696,000 - $769,000

        $2,866/mo

        Price history

        DateEventPrice
        7/21/2026Price change$755,000-5%$261/sqft
        Source: Rockbridge Highlands REALTORS® #139930 Report a problem
        4/19/2026Listed for sale$795,000$275/sqft
        Source: Rockbridge Highlands REALTORS® #139930 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 24450

        Getting around

        23 / 100
        Car-Dependent
        6 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Central (Lexington)
        • Middle: Maury River
        • High: Rockbridge

        Source: CAAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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