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Red Horse Farm. An unparalleled opportunity to acquire 102 private acres in the heart of North Salem Equestrian Country. The approach is nothing short of captivating - with a winding driveway enveloped by lush greenery, rolling fields, classic stone walls, 360 degree panoramic views, and a sense of profound peacefulness. The spectacular 9, 500 sq ft main residence exudes understated luxury - at its finest. Walls of French doors throughout the home blur the line between exquisite interior spaces and outdoor beauty. Upon entry, you are graced by an elegant, airy foyer with soaring ceilings, a stunning mahogany staircase, and striking molding and paneling throughout. The sensibility is one of old world charm & extraordinary quality, with a modern understanding of living and incredible room scale. The main floor includes a light filled living room with fireplace, formal dining room, a cozy paneled library with fireplace, family room with fireplace, butler’s pantry, wet bar, and a state-of-the-art chef’s kitchen with two inch thick marble countertops, viking appliances, and custom fixtures and cabinetry. French doors lead from the kitchen to a large screened-in porch with a massive stone fireplace, all positioned to survey the breathtaking views beyond while overlooking the enormous 30’ x 65’ Gunite pool & spa, with expansive terrace and entertaining area. Also on the main floor, there are two powder rooms, a light-filled mud room/ potting room with side entrance, wide back staircase, access to the three car garage and a well-designed laundry room. Located in its own wing on the main level through a private entry hall, the marvelous first floor primary bedroom suite offers a true refuge with outstanding his and hers bathrooms and closets, as well as french doors to a private seating area. Upstairs, there are two en-suite guest bedrooms, as well as two family bedrooms with a sitting area and full bath. There is also expansive attic space, additional storage rooms, and a lower level basement with 12 ft ceilings for endless possibilities of additional expansion. This remarkable property has served as a thriving alpaca farm for the past decade, with several Equestrian structures and possibilities still in place. Presently, there is a King Construction built 14 stall main barn with two wash stalls, two powder rooms, an office, a tack room, multiple outdoor shedrow barns, 17 grass turnout paddocks, a 180’ x 72’ Indoor Arena, a 135’ x 300’ site for an outdoor arena, two 1 bedroom, 1 bath grooms’ apartments, a commercial size 6 bay storage garage, plus a 3 bedroom, 2. 5 bath Caretaker's residence. The property has coveted direct North Salem Bridle Trails access, abuts Olympic caliber stables and significant estates on all sides, and is located 1. 7 miles from Old Salem Farm and within close proximity to other top area horse shows. Minutes to highways and the train, one hour from NYC. A rare and unreplicable offering.
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Our Executive Mortgage Banker:
$12,995,000
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
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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 | $10,396,000 | $10,396,000 | $10,396,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $19,366 | $19,366 | $19,366 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $57,407 | $62,329 | $86,329 |
| Total Monthly Payment | $76,898 | $81,820 | $105,820 |
* 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.