54 Ramble Hill Ln, Millbrook, NY 12545
This unique 31.98-acre property in Millbrook, NY, presents a remarkable investment opportunity. The site includes six buildings totaling 25,106 square feet, encompassing a three-story, historically significant main estate building (circa 1900s-2005) with a two-story dormitory wing, and a more modern 7,330 square-foot, six-classroom school building constructed in 2005. The property features on-site water and sewage treatment plants, including a recently renewed SPDES permit for the sewage treatment plant, and a 100,000-gallon water cistern. Additional features include sport courts and the remnants of an inground pool. Zoned RM2, this property offers diverse redevelopment possibilities, including a single-family residence, bed and breakfast, educational institution, corporate retreat, or religious retreat (subject to necessary approvals). Its location within Millbrook's new Hospitality Overlay District allows for potential special use permits for inn operations. Conveniently located near Route 44 and the Taconic State Parkway, with two access points from Ramble Hill Lane and College Lane, and a Metro North train station a short drive away, this property offers exceptional accessibility. The potential for subdivision further enhances its investment appeal. This is a rare opportunity to acquire a substantial piece of Millbrook history with significant development potential. The property's address is 54 Ramble Hill Ln, Millbrook, NY 12545, and the APN is 135889-6764-00-018730-0000. The asking price is $2,100,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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