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    7200 Lake Shore Rd Derby, NY 14047

    Sponsored
    For Sale
    $2,725,000

    Historic Lake Erie property, 25 acres, 560' frontage.

    Property size:
    660 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 25-30 acre property in Derby, NY, presents a unique redevelopment opportunity. Located at 7200 Lake Shore Rd, this mixed-use estate boasts approximately 560 feet of pristine Lake Erie waterfront with sandy beach access. The property includes four buildings totaling approximately 16,400 square feet, encompassing a main estate house (16,400 sq ft), a hospitality space (2,000 sq ft), a gatehouse (3,100 sq ft), and a smaller single-family residence (660 sq ft). Built in 1926, the property features two historically significant buildings, including a gatehouse with a crenelated tower, reflecting its rich past as the home of Spencer Kellogg. Currently zoned PF, the property offers significant potential for various uses. With 20 bedrooms across the buildings and four units, the property has served as a group living home. The asking price is $2,725,000. The property is available for occupancy on October 1, 2023. This remarkable estate offers a blend of history, natural beauty, and redevelopment potential, making it an unparalleled investment opportunity on the shores of Lake Erie. The property is owned by a non-profit organization. The expansive grounds provide abundant wildlife viewing opportunities and are situated near other grand residences and recreational areas. This is a chance to acquire a piece of history and create a new legacy on the shores of Lake Erie.

    Property Features for 7200 Lake Shore Rd

    General Information

    Property type
    Specialty properties
    Square Feet
    660 SF
    Lot Size
    1,089,000 SF

    Building Details

    Year Built
    1926
    Buildings
    4
    Stories
    2
    Units
    4

    HighLights

    • $2,725,000 asking price for redevelopment opportunity.
    • 25‑30 acre lakefront property in Derby, NY, with 560 feet of Lake Erie frontage.
    • Four buildings totaling approximately 16,400 square feet, including a main house, hospitality space, gatehouse, and single‑family residence.
    • Property includes 20 bedrooms and 4 units.
    • Built in 1926, zoned PF.
    • Non‑profit ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Auto Repair Shop Kitchen & Bath Electrical Service Computer & Electronic Repair Pet Grooming Service Senior Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Derby
    County
    Erie
    State
    New York
    Longitude
    -79.0292116
    Latitude
    42.6952268

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    FAQs

    What type of property is this?
    Specialty property - Historic Lake Erie property, 25 acres, 560' frontage.
    Where is this specialty property located?
    The property is located at 7200 Lake Shore Rd Derby, NY.
    What is the asking price?
    The asking price for this property is $2,725,000.
    What are key features of this property?
    This property features: $2,725,000 asking price for redevelopment opportunity.; 25-30 acre lakefront property in Derby, NY, with 560 feet of Lake Erie frontage.; Four buildings totaling approximately 16,400 square feet, including a main house, hospitality space, gatehouse, and single-family residence.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7200 Lake Shore Rd Derby, NY 14047
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