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999 Colby Dr #LOT 201, Forest, VA 24551

$170,000

**Premier Luxury Homesite in Exclusive Neighborhood** An exceptional opportunity to build your dream home in one of the area's most desirable upscale neighborhoods. This 1.04 acre homesite offers an ideal combination of location, natural beauty, and versatility for a truly distinctive custom residence. Natural topography ideal for walkout basement. Backyard provides perfect setting for outdoor entertaining, a private pool, or beautifully designed outdoor living space. A picturesque creek along rear of property, creating a peaceful backdrop and enhancing the appeal of this exceptional homesite. **Build Your Vision with New London Construction LLC**

Highlights

  • Land
  • Unimproved Land
  • 1.04 Acre Lot
  • $450/yr HOA
  • 24 days on Market


  • Acres
    1.04

  • County
    Bedford
  • City
    Forest
  • Neighborhood
    Somerset Meadows
  • Zip Code
    24551
  • High School
    Jefferson Forest-HS
  • Middle School
    Forest Midl
  • Elementary School
    New London Academy

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Frequently Asked Questions

How do I schedule a tour of 999 Colby Dr #LOT 201?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 999 Colby Dr #LOT 201.

They know lands in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 999 Colby Dr #LOT 201?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $170,000. We can talk through recent upgrades, potential seller motivation, how this unimproved land compares to others in Forest, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 999 Colby Dr #LOT 201?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 999 Colby Dr #LOT 201 at around $986. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 999 Colby Dr #LOT 201?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Bedford County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 999 Colby Dr #LOT 201?

In most cases, yes. Whether 999 Colby Dr #LOT 201 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Forest's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 999 Colby Dr #LOT 201?

We can handle that for you. Our preferred local agent specializes in lands in Forest and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

999 Colby Dr #LOT 201 was listed on October 22, 2026, which means it's been on the market for 24 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

What is the lot size of this property?

999 Colby Dr #LOT 201 sits on a 1.04-acre lot, which is 45,302 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: New London Academy
  • Middle: Forest Midl
  • High: Jefferson Forest-HS

Want to see how these schools compare? Check out our Bedford County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 999 Colby Dr #LOT 201?

The most recent public record shows annual property taxes for 999 Colby Dr #LOT 201 were approximately $225. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $450 paid annually.

This covers access to community features including: Playground, Tennis Court(s), Maintenance Grounds.

Is 999 Colby Dr #LOT 201 still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, Lynchburg Association of REALTORS. All rights reserved.

Last Updated: November 15, 2026 at 03:24AM | Source: Lynchburg Association of REALTORS | MLS#: 369952