0 Tower Hill Rd Wassaic, NY 12545
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.