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Property profile & analytics
OFF-MARKET
Land

0 Tower Hill Rd Wassaic, NY 12545

50 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 50-acre property in Millbrook, NY, presents a rare opportunity. Located on prestigious North Tower Hill Road, this land boasts gently rolling topography, open meadows, streams, and established paths. The property is zoned for 10-acre residential development, offering significant potential. Currently, a portion is utilized by a prestigious hunting club, highlighting its recreational appeal. No known deed restrictions or easements exist, adding to its flexibility. The property borders a large farm, providing a tranquil and secluded setting. This is a truly unique offering, situated in a highly desirable area known for its residents, including prominent business leaders and entertainers. An existing land lease is in place, expiring January 31, 2029, with a possible option for mutual termination under specific conditions with the tenant. A survey is available for review. The asking price is $900,000. Please note that access is strictly by appointment only. The location shown on online maps is not entirely accurate.

Property profile
Verified
Property type Land
Lot 50 ac (2,178,000 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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