Bundoran Farm: Originally Purchased for $33 Million, 2000 Prime Albemarle County Acres Go Back to Bank for $7.5 Million

As if Charlottesville's real estate crash needed yet more confirmation, the Bundoran Farm "preservation development" that was such a great idea just a couple years ago has now gone back to the bank at a 77% discount.  For a veritable song. While some lots at the property have sold (see also here) many buyers are seeing better value--and shorter commutes for those at NGIC--in the "wilds" of