141± acres in four separately deeded lots, offered as one. A 1934 stone cottage, built from the salvaged stone of the mill that stood here since about 1772, sits on the largest parcel above the North Fork of Goose Creek. No conservation easement on any of the four lots. The land divides across the creek. On the north bank, in AR1 zoning, are 55.36 acres improved with the cottage and a detached garage, and an adjoining 65.02 acres. Both sit at the extreme southern end of historic Mount Gilead Road, named for the hamlet that once stood there. On the south bank, in AR2 zoning, are 10.1 and 12.2 acres, to be accessed in time from Lime Kiln Road. The cottage is two bedrooms and needs a full renovation. It is worth doing. Dark wood floors and paneled walls run through the interior, a stone fireplace anchors the main room under an open beamed ceiling, and the original mill stone forms the exterior walls. For a buyer building new, the obvious move is to site a principal residence on the acreage and keep the cottage as a guest house. The history is real and documented. The tract was deeded by Lord Fairfax to Elizabeth Hough in 1766. Coe’s Mill ground grain and shipped flour to the Port of Alexandria, was proposed in the 1850s as a canal terminal and a rail depot, and neither project was built. Parts of Lee’s army passed its walls retreating from Maryland. It ran as a woolen mill until 1886 and was wrecked by the 1889 flood. A bronze plaque on the surviving stone wall marks the site. What the photographs cannot convey is the quiet. Water, hardwoods, and no neighbors in sight. The next stewards may want to consider a conservation easement, which would protect the land permanently and may carry meaningful tax benefits. Land and improvements, sold together. Four lots, no easement, and a piece of Loudoun County history.
For sale
$4,200,000
38385 Mount Gilead Rd, Leesburg, VA 20175
2beds
880sqft
Single Family Residence
Built in 1930
141.68 Acres Lot
$1,143,600 Zestimate®
$4,773/sqft
$-- HOA
What's special
- --
- on Zillow
- 104
- views
- 10
- saves
Zillow last checked:
Listing updated:
Listed by:
PETER LEONARD-MORGAN 443-254-5530,
Hunt Country Sotheby's International Realty (540) 687-8500,
Co-Listing Agent: Jeannene R Marconi 703-401-6465,
Hunt Country Sotheby's International Realty
Source: Bright MLS,MLS#: VALO2136048
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Basement
- Area: 0
Heating
- Baseboard, Electric, Propane
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Flooring: Hardwood
- Has basement: No
- Number of fireplaces: 1
Interior area
- Total structure area: 880
- Total interior livable area: 880 sqft
- Finished area above ground: 880
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage Faces Front, Detached
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Pool features: None
- Has view: Yes
- View description: Creek/Stream
- Has water view: Yes
- Water view: Creek/Stream
- Waterfront features: Creek/Stream
- Body of water: North Fork Goose Creek
- Frontage length: Water Frontage Ft: 2000
Lot
- Size: 141.68 Acres
- Features: Fishing Available, Hunting Available, Not In Development, Rural, Secluded, Stream/Creek, Wooded
Details
- Additional structures: Above Grade, Below Grade
- Additional parcels included: This lot is part of a four contiguous lot offering totalling 141.68 acres. Two are in AR1, two are in AR2.
- Parcel number: 426300628000
- Zoning: AR1 & AR2
- Zoning description: The 55.36 & 65.02 acre lots are zoned AR1, the 10.1 & 11.2 acre lots are zoned AR2.
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin/Lodge
- Property subtype: Single Family Residence
Materials
- Stone
- Foundation: Crawl Space
- Roof: Asphalt
Condition
- Excellent
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: On Site Septic
- Water: Well
- Utilities for property: Electricity Available
Community & HOA
Community
- Subdivision: Mount Gilead
HOA
- Has HOA: No
Location
- Region: Leesburg
Financial & listing details
- Price per square foot: $4,773/sqft
- Tax assessed value: $3,006,460
- Annual tax amount: $3,643
- Date on market: 11/3/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
- Road surface type: Gravel
Estimated market value
$1,143,600
$835,000 - $1.53M
$2,466/mo
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $3,643 +2.9% | $977,560 +1.3% |
| 2025 | $3,542 +1.1% | $964,620 +2.1% |
| 2024 | $3,503 +14.2% | $944,760 +12.8% |
| 2023 | $3,069 +22.1% | $837,570 +41.6% |
| 2022 | $2,513 -1.1% | $591,500 +128% |
| 2021 | $2,542 +5.5% | $259,380 +11.4% |
| 2020 | $2,409 +12% | $232,750 -57% |
| 2019 | $2,151 -3.5% | $540,700 -0.3% |
| 2018 | $2,229 -4.3% | $542,170 -0.4% |
| 2017 | $2,329 +6.6% | $544,370 +175.1% |
| 2016 | $2,185 | $197,860 +2.8% |
| 2015 | $2,185 +15.6% | $192,540 +17.6% |
| 2014 | $1,890 | $163,670 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 20175
Nearby schools
Schools provided by the listing agent
- District: Loudoun County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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