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Presiding over a glorious 68 acre lake in the Catskill Mountains, Lake Delaware Farm offers a rare opportunity to acquire a piece of true American legacy, continuously in use by the same notable family since the 18th century. The Lake House allows a glimpse into the lifestyle of one of our nation’s most notable, founding aristocratic families. In 1686, the English crown granted 160, 000 acres to Robert Livingston. Livingston Manor and the family seat of Clermont, made up much of what is now Dutchess and Columbia counties along the Hudson River. The family thrived there for centuries. With the Hardenbergh patent of 1708 Queen Anne bestowed 2, 000, 000 acres in the Catskill Mountains on seven loyal subjects. By 1740 the Livingstons of Clermont had acquired one fifth of the Hardenberg Patent which was distributed to the children of Robert Livingston “The Judge”. Gertrude Livingston received 20, 000 acres the year she wed Morgan Lewis, who served in Washington’s army during the Revolution and was Governor of New York. He was dear friends with the likes of Lafayette, Alexander Hamilton and General Washington, whom his brother in law Chancellor Robert Livingston swore in as President. The centerpiece of Gertrude’s acreage was the magnificent Lake Delaware, where she and Lewis built the original Lake House circa1787. The landscape of this 1600+ acre parcel is exquisite, with rolling hills, meadows, old growth forests and open vistas. The valley is elevated far above sea level providing a refreshingly cool climate. One approaches The Lake House via a long winding driveway lined with fine, historic rock walls interrupted by delicate iron gates. The Lewises styled their home on classical architecture. The entry portico of the home, with its four massive Doric columns, runs the entire length of the front facade. Inside the center hall is an unusual carved spiral stair, with two sun filled 18th Century parlors on either side. From the center hall rooms spill out into later 19th Century additions with handsome details throughout- fine paneling and ceiling tracery in the dining room, marble fireplace mantels, and intricate inlaid floors. There are 8 bedrooms in total, all boasting baths en-suite, plus a bunk room on the attic floor with its own bath with double showers and sinks. Additionally there is a large eat-in kitchen, grand back stair with arched side openings, family room, butler’s pantry, mud room, laundry room and bar on the ground floor as well as an elevator. The home has the warm feel of a grand country inn- impressive in its scale yet comfortable by contemporary standards. One can feel the presence of generations of distinguished family members- the signers of the Declaration of Independence, the decorated military men, the Senators, Justices, and Gilded Age barons that have called this place home over the centuries. As impressive as the house is, it's the Lake itself that casts a spell on all who visit. Fresh, bracing and crystal clear, the lake invites one to dive in or take your pick of vessels in the historic boat house and row to your hearts content. on the grounds stands the ruins of elaborate formal gardens designed by renowned landscape architect Fletcher Steele with extraordinary views over the valley. Romantic structural elements and a lovely statue of a seated Diana, beckoning you to imagine the gardens in their original splendor. Surrounded by charming towns, farms and awe inspiring natural landscape, the property at its peak encompassed thousands of acres, with a mansion, working farms, stables, and even a private chapel, evoking the romance of an English manor. The estate holds the secrets of the history of the Hudson Valley, New York State and the Revolution that gave birth to the Constitution of the United States. Rich in history and character, Lake Delaware remains a captivating echo of aristocratic rural life, ideal for a bucolic compound or a once in a ten generation investment opportunity.
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NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $11,200,000 | $11,200,000 | $11,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.031% | 5.846% |
| Monthly Tax Payment | $7,119 | $7,119 | $7,119 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $61,847 | $66,252 | $92,258 |
| Total Monthly Payment | $69,091 | $73,496 | $99,502 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.