For Sale
$2,800,000

103 Carney RdUlster Park, NY 12487

Luxury Retreat, Income Potential

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional Ulster Park, NY property offers a unique investment opportunity and luxurious lifestyle. Nestled on 3.2 acres, this meticulously renovated estate comprises three distinct residences: a magnificent 5,463 sq ft Jewel House, a charming 2,291 sq ft Rustic Family Retreat, and a cozy 941 sq ft Carney Cottage. All three buildings boast modern amenities, including a new roof, Hardie board siding, and a new septic system, ensuring lasting quality. Six zones of heating and cooling provide customized climate control throughout the 8,800 sq ft of living space. A large Trex wrap-around deck enhances the indoor-outdoor flow, perfect for entertaining. The property's prime location in the Hudson Valley, near Kingston, New Paltz, and Rosendale, offers easy access to hiking trails, skiing, boating, and cultural attractions, including the renowned Mohonk Mountain House. In its first year as an Airbnb, the property projects over $124,000 in income, with 2024 operating expenses to date totaling $36,043. This includes insurance, utilities, management fees, and cleaning services. The property's versatility makes it ideal for a family compound, Airbnb operation, corporate retreat, or even an event venue. Built in 1920 and extensively renovated in 2018, this three-story, three-building estate is zoned R40 and presents a rare opportunity to acquire a high-return investment with significant income potential and exceptional lifestyle benefits in a highly desirable location. The property's blend of modern luxury and timeless charm makes it a truly unique offering.

Highlights

  • $2,800,000 asking price for a three-unit hospitality/multifamily investment property.
  • 8,800 square feet on a 3.2-acre lot in Ulster Park, NY.
  • Three buildings, totaling three units, with a 1920 construction date and 2018 renovation.
  • R40 zoning.
  • First-year Airbnb projections exceed $124,000, with 2024 operating expenses to date totaling $36,043.

Property Details for 103 Carney Rd

Property type
Residential income homes, Hospitality properties
Square Feet
8,800 SF
Class
B
Year Built/Renovated
1920/2018
Buildings
3
Stories
3
Lot Size (sq. ft)
139,392 SF
Units
3

Location Insight

City
Ulster Park
County
Ulster
State
New York
Latitude
41.850561308421
Longitude
-74.025070247049
103 Carney Rd, Ulster Park, New York

FAQs

What type of property is this?
Residential income home - Luxury Retreat, Income Potential
Where is the residential income home located?
The property is located at 103 Carney Rd Ulster Park, NY.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: $2,800,000 asking price for a three-unit hospitality/multifamily investment property.; 8,800 square feet on a 3.2-acre lot in Ulster Park, NY.; Three buildings, totaling three units, with a 1920 construction date and 2018 renovation.
How can I contact the broker?
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103 Carney Rd
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