54 Ramble Hill RdMillbrook, NY 12545

Property Details for 54 Ramble Hill Rd

Year built

1900

Lot size

31.98 AC

Property size (Sq ft)

17,776 SF

Zone code

RM2

Property type

Medical offices

Property subtype

Medical centers

APN

135889 6764-00-018730-0000

APU

9223372036854775807

Description

This exceptional 31.98-acre estate in Millbrook, NY, presents a rare opportunity. The property includes a magnificent 24,676 square foot, three-story, nine-bedroom, eight-bathroom mansion built in 1900, requiring full restoration. An attached two-story, 18-room dormitory wing also awaits rejuvenation. Adding to the property's versatility is a modern 7,330 square foot, six-classroom school building constructed in 2005, offering diverse repurposing options. The estate boasts self-sufficiency features including a 100,000-gallon water cistern and on-site water and sewage treatment plants, recently renewed with an SPDES permit. Located in the new Hospitality Overlay District, the property is eligible for a special use permit to operate as an inn. Two access points from Ramble Hill Lane and College Lane provide convenient access, minutes from Route 44 and the Taconic State Parkway, with a Metro North train station a short 20-minute drive away. The property's rich history, from its agricultural origins to its use as a rehabilitation center, offers a unique canvas for a variety of uses, including a single-family residence, bed and breakfast, educational institution, corporate retreat, or religious retreat (with appropriate approvals). The potential for subdivision further enhances its investment value. Oil heating.

• CAP approach

  CAP return

  Valuation

  6%

  $2,938,904

  6.5%

  $2,712,834

  7%

  $2,519,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,322,612

  Geo Method

  $2,322,612

• Alternative Use

  Use

  Valuation

  Residential

  $3,363,914

  Hospitality

  $3,081,328

  Educational

  $2,563,628

  Medical

  $2,651,796

  Retail

  $3,987,866

Location Insight

City

Millbrook

County

Dutchess

State

New York

Latitude

41.7753

Longitude

-73.7095

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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