Listings update live from CVRMLS · Profile last reviewed June 2026
5100 Monument is one of Richmond's largest hi-rise condo buildings by unit count — a 184-unit, 1961-built, 1985-converted tower at the western end of Monument Avenue, and the most accessibly-priced doorman-style condo regime in the metro.
Insider’s view — any red flags?
One of the more recognizable condo properties mostly due to the fact the height of the building is not consistent with the nature of the surrounding residential neighborhoods. Dues can run high in 5100 given the fact that heating is baked into the dues. The location, however, is excellent and the development momentum that is coming to the greater Willow Lawn bubble will only continue to bring more retail and other services.
Red flags: The dues run high because it includes utilities. High dues tends to constrain prices.
History
The original 12-story apartment tower was built in 1961 by Maryland-based Tower Companies, making it one of the very few non-historic-conversion hi-rises in Richmond — only Vistas on the James and Hathaway Tower share that profile. In 1985, Washington-based developers John J. Mason and Stuart A. Bernstein, operating as the 5100 Monument Avenue Partnership, converted the tower to 184 owner-occupied condo units, well before the 2000s loft-conversion era.
Design & units
The product is mid-century-modern hi-rise, not historic-conversion loft. Floor plates reflect 1961 design conventions — defined dining rooms, more standardized bath sizes, lower ceiling heights than 2000s-era contemporary construction. Buyers should walk through several units to understand the renovation variance, which ranges from original-condition to fully updated. The 184-unit count supports an HOA budget deep enough to maintain meaningful amenity and a doorman-style operational profile.
Neighborhood
5100 sits at the far western end of Monument Avenue — the bridge between the Fan-style historic stock (which ends around 3000 Monument) and Henrico new-construction (which begins near Willow Lawn). The Willow Lawn retail and restaurant cluster is across the street, Henrico's lower commercial corridor is a short drive west, and the Fan District is a short drive east.
What sets it apart
Hi-rise condo ownership at sub-$250,000 entry pricing is essentially nonexistent elsewhere in the Richmond market. The 184-unit scale produces a deep comparable-sales record that keeps appraisals clean and refinance velocity steady — the operational ballast that makes the building work as a first-time-buyer or downsizer landing point.
See it in context
Open full 3D view in Google Maps → · Photorealistic 3D Tiles via Google Maps Platform · coords from MLS-median (30 listings).
Available now
5 active · 1 under contract · live from CVRMLS
Recent sales
| Address | Beds / Baths | Sq Ft | Sold | Price |
|---|---|---|---|---|
| 5100 Monument Ave Unit#203 | 2 / 2 | 1,295 | Jun 2026 | $304,000 |
| 5100 Monument Ave Unit#307 | 1 / 1 | 740 | May 2026 | $210,000 |
| 5100 Monument Ave Unit#311 | 1 / 1 | 880 | May 2026 | $239,000 |
| 5100 Monument Ave Unit#1115 | 2 / 1 | 1,265 | Apr 2026 | $300,000 |
| 5100 Monument Ave Unit#902 | 2 / 2 | 1,260 | Apr 2026 | $311,000 |
| 5100 Monument Ave Unit#1105 | 1 / 1 | 470 | Apr 2026 | $177,000 |
| 5100 Monument Ave Unit#313 | 2 / 2 | 1,095 | Mar 2026 | $300,000 |
| 5100 Monument Ave Unit#416 | 1 / 1 | 730 | Feb 2026 | $215,000 |
| 5100 Monument Ave Unit#1007 | 1 / 1 | 740 | Jan 2026 | $185,000 |
| 5100 Monument Ave Unit#812 | 1 / 1 | 470 | Dec 2025 | $170,000 |
Frequently asked
Where exactly is 5100 Monument?
Willow Lawn, VA 23230. In the Willow Lawn neighborhood.
When was 5100 Monument built?
5100 Monument dates to 1961 (Historic conversion).
How many units are in 5100 Monument?
5100 Monument is a 184-unit condominium regime in Willow Lawn.
Is 5100 Monument a condo conversion or new construction?
5100 Monument is a historic conversion — an older building adapted into condominiums, dating to 1961.
