ESOPUS NY - ID: 20210462
On the Market
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  • Price: $1,499,000
  • Sq. Feet: 31,075
  • Acreage: 153.00
  • Year Built: 1911
  • School District: HIGHLANDCENTRAL
  • CONTACT
    Grist Mill Real Estate
    (800) 664-5503
    gristmill@gristmillrealestate.com
Property Type: Mixed Use

Description: Rarely does an opportunity of this magnitude present itself, but here it is; the chance to unlock the potential of a historic Hudson Valley Estate offered at a remarkable price, one built by Gilded Age industry titan Colonel Oliver Hazard Payne.    Colonel Payne was renowned as trusted advisor to John D. Rockeffeller; Civil War Veteran; entrepreneur; famed yachtsman; and especially as a philanthropist. He still holds the distinction of being one of the wealthiest individuals in American history. Payne originally purchased The Esopus Estate from John Jacob Astor.  Construction commenced on the agricultural complex in 1911 but wasn't completed for another seven years due to the demands of the bluestone and slate construction as directed by Julian Burroughs, son of acclaimed author and naturalist John Burroughs. The Black Creek traverses this magical 153 acre pristine property, which holds endless possibilities to be reimagined. One envisions a hotel and/spa retreat; creative complex; conference center; residential complex; a return to its agricultural roots, or any combination thereof.   Multiple buildings grace the property, each with distinctive stunning architectural features. Highlights include an enormous horse stable with clock tower; a bluestone dairy barn that served as a creamery; an impressive silo and the original farmhouse style caretakers cottage.   The buildings have served multiple purposes over the last century, including housing a successful restaurant called “The Creamery, " providing shelter for boys under the watchful eye of Eleanor Roosevelt; and recently acting as HQ for BDDW, the niche manufacturer of fine furniture.   The Payne Estate is reportedly listed on the National Register of Historic Places. Historic tax credits may be available to assist in rehabilitating the buildings and property, which will be sold AS IS. The opportunity and value are here, what's your vision? The time has come for this magnificent property to come alive again.

FEATURES:
SURVEY: Yes
ZONE: Commercial
LOT DIMENSIONS: Irr

Listing courtesy of: Barker Hudson Real Estate / Listing Agent: Christine Barker
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