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Presented by
Team Slick |
A rare opportunity to snap up one of the Hudson Valley's most unique waterfront offerings and restore it back to it's former glory--The Wedding Present Farm. Perched above the Hudson River, this extraordinary 73 acre estate includes a historic mansion, three additional residential structures, a barn, garage, pool, private pond, and yes- your very own 42 acres on Shad Island, between Baker Creek and the Hudson River.
. With sweeping river views, lush native landscaping, and storybook surroundings, the possibilities here are endless: a dreamy personal compound, a one-of-a-kind hospitality venture, or a legacy property ready to be reimagined (always check with town on your specific uses. )
Anchoring the estate is the original mansion, full of historic charm and presence, and positioned to take full advantage of panoramic water views. Across the property, you'll find four separate housing structures offering flexible space for guests, rental income, or creative repurposing. The barn adds rustic charm and utility, while the garage adjacent to the pool begs to be transformed into a pool house or summer studio. A meandering pond, native trees, and flowering plants lend a wild, romantic feel--like nature is part of the design.
This is not just land--it's a legacy. Once gifted as a wedding present from the original owner - Edward Townsend Reed - who gifted the land as a summer home to his friends Edward and Martha Van Antwerp Easton in 1907 (hence the name). Now, it's ready for a bold new chapter. This is an incredible opportunity to reinvigorate the property and renovate it to suit whatever use best serves your vision--whether personal or business. The bones are there, the details are gorgeous, and there's so much potential calling. Whether you're envisioning a family compound, boutique hotel or wedding venue, an artist's enclave, or the most magical family estate imaginable, this property offers scale, views, and a level of character that's hard to replicate.
All of this just 20 minutes from downtown Albany, with easy access to the Amtrak station, the Taconic, and the NYS Thruway. Properties like this don't come around often--especially with waterfront, a private island, and development potential. A rare opportunity to build something truly special on the Hudson.
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
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$1,950,000
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William Raveis Real Estate
Phone: 917.991.4816
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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William Raveis Mortgage, LLC
Phone: 347.223.0992
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NMLS Mortgage Loan Originator ID 1880936
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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 | $1,560,000 | $1,560,000 | $1,560,000 |
| 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% | 6.235% | 6.058% |
| Monthly Tax Payment | $1,306 | $1,306 | $1,306 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,736 | $9,479 | $13,059 |
| Total Monthly Payment | $10,167 | $10,910 | $14,490 |
* 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.