For Sale759d on market
501 Racefield Dr
Toano, VA, 23168 • 23168 • James City County
$1,499,000
-$100,000 since Apr 30, 2025
130 acLot
Property DNA
Waterfront Property
Creek
All Others Area 119
23168
This home is getting attention
Listed 759 days ago · 257 views · 13 saves
Market activity
Demand and pricing signals for this listing
257 views
People checking out this listing
13 saves
Buyers have saved this home
759 days on market
Established listing
About this home
Lot
Unique opportunity to own large acreage in James City County. Bring your horses! This property consists of two contiguous parcels that combine to create over 130 acres. There are thirty acres of open land currently under cultivation. The balance is wooded with gently rolling terrain and contains open trails that provide good access to the property. The upper portion of Diascund Creek creates the southern border and this has some really nice vistas for possible homesites. There are many potential uses for this property, single family residential, farming, a nice equestrian facility, or simply recreation with plentiful waterfowl and wildlife. The property is just minutes from Exit 227 of I 64 and has road frontage on both Racefield Drive and Stewarts Road. The property is currently enrolled in James City County's AFD program.
Standout features identified
Our analysis highlights open trails and large acreage as key attractions of this home.
Estimated monthly payment
Based on current rates
$9,627/month
Principal & Interest$7,628
Property Tax$1,499
Insurance$500
Down payment20% ($299,800)
3%50%
Est. 6.56% rate · 30yr fixed · $1,199,200 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land
Parking & Outdoor
FencingNone
Lot130 Acres
Location & Tax
Neighborhood23168
ZoningA1
Annual tax$1,697
Parcel0330100003
Features & details
3 categories of property features
Exterior Features
Lot Features
Other
100.1 to 200 Acres
Utilities
Electricity Available
Other Structures
None
Listing insights
Market data and value estimates
StatusFor Sale
Days on market759
Est. rent$1,186/mo
Tax rate0.56%
On marketFeb 26, 2024
PostedFeb 26, 2024
MLS updatedFeb 23, 2026
Tour days6
Views257
Favorites13
How are the schools in Toano?
3 schools rated nearby
Location
Toano, VA, 23168
Tax history
13 years of records
YearTax paidAssessed value
Mar 27, 2025$5,550$668,700
Mar 27, 2024$5,550$668,700
Mar 27, 2023$5,550$668,700
Mar 27, 2022$5,550$668,700
Mar 27, 2021$5,617$668,700
Mar 27, 2020$5,617$668,700
Mar 27, 2019$5,617$668,700
Mar 27, 2017$950$668,700
Mar 27, 2016$366$668,700
Mar 27, 2015$366$651,300
Mar 27, 2014—$651,300
Mar 27, 2002——
Mar 27, 2001——
Nearby homes
Neighborhood details
Local context around this listing
Toano, VA • James City County
Nearby cities
LightfootToanoWilliamsburg
Nearby zip codes
2308923168
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