|
A rare opportunity in the Town of New Paltz, anchored by a substantial 4, 200+ sq ft residence that includes a fully self-contained accessory 1-bedroom ADU apartment, couple with a unique development opportunity. Set on 42 wooded acres with attractive 1. 5 acre zoning, the property supports the potential creation of approximately 14-16 residential building lots. Depending on final layout and engineering, lot sizes could range from 1. 5 to 2. 5 acres, allowing flexibility in density, design, and long-term positioning. The scale lends itself to a thoughtful mix of private building parcels, roadway infrastructure, and preserved buffer acreage. Underground utilities have already been extended to serve initial future lots, offering a meaningful head start and significantly reducing upfront infrastructure investment. The existing 2, 900+ sq ft home (built in 1988), combined with the 1, 300 sq ft apartment (1991) above the garage, offers over 4, 200 sq ft of functional living space. Designed with multiple gathering areas, flexible rooms, and generous proportions throughout, the home balances openness with defined spaces. Hardwood floors, a stone fireplace anchoring the living room, well-placed skylights that draw in natural light, and expansive wraparound decking and covered front porch and decking on nearly all sides create a strong architectural presence. Multiple upper-level balcony decks extend the living space outdoors. The two-bay garage features radiant-heated floors, and several additional outbuildings provide substantial storage and utility. With such a solid structure, only personalization remains. This impressive home and property work well, not only as a primary residence, but also as an investment property, family compound, or development headquarters. The land itself is equally compelling. Bordered on two sides by municipal recreational lands, including the Ulster County Fairgrounds and the Town of New Paltz Field of Dreams athletic fields, with the Ulster County Pool is also within walking distance. Just minutes away, the River to Ridge Trail connects the Village directly to the Mohonk Preserve, known for world-class rock climbing and thousands of acres of protected landscape. The region is further linked by the Empire State Trail, reinforcing New Paltz's reputation as a haven for outdoor enthusiasts. The property offers an uncommon blend of privacy and proximity to community amenities. Mature plantings, extensive gardens, and beautiful grounds surrounding the home. Located minutes from the Village, and approximately 30 minutes from Metro-North rail service, this offering combines scale, zoning, infrastructure, and location in a way that is increasingly rare in Ulster County. Large expansive well zoned parcels of this size and location rarely come to market.
Information is deemed reliable but is not guaranteed accurate by the MLS. IDX information is 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. Source: Hudson Valley Catskills Region
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$2,295,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,836,000 | $1,836,000 | $1,836,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.349% | 6.058% |
| Monthly Tax Payment | $1,182 | $1,182 | $1,182 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,281 | $11,156 | $15,370 |
| Total Monthly Payment | $11,588 | $12,463 | $16,677 |
* 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.