Property summary
This exceptional 59-acre property in Dutchess County, New York, presents a unique opportunity for development. Located on Traver Road in Pleasant Valley (zip code 12569), this parcel boasts a tranquil setting amidst high-end residences, equestrian estates, and farms. The land features approximately 10 acres of cleared hay fields, ideal for agricultural pursuits, while the remaining acreage is wooded and includes a stream. The property is zoned R80 and has received Board of Health approval, making it suitable for the construction of a single-family estate. The existing agricultural exemption significantly reduces property taxes, from $8,489 to $6,986 annually. Its convenient location offers easy access to the Taconic Parkway, Route 55, and Route 9, providing seamless connectivity to major commuting routes, Metro-North Railroad, shopping centers, restaurants, and entertainment venues. The property's western exposure provides stunning sunset views over the Catskill Mountains. The potential for subdivision adds further investment appeal. This is an exceptional opportunity to create a private estate or develop a residential community in a highly desirable location. The APN is 133400-6462-01-447821-0000. The asking price is $499,000.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
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Zoning
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