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330 Plutarch Rd - Plutarch Associates
78.7 Acres of Agricultural Land Offered at £508,593 in Highland, NY 12528
Investment Highlights
- Beautiful parcel in the woods of New Paltz. Quiet, private homesites on newly paved back road close to the Village. Possible views with clearing.
Executive Summary
Property Facts Under Contract
Price | £508,593 | Property Type | Land |
Sale Type | Investment | Property Subtype | Agricultural |
No. Lots | 1 | Total Lot Size | 78.70 AC |
Price | £508,593 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Agricultural |
Total Lot Size | 78.70 AC |
1 Lot Available
Lot
Price | £508,593 | Lot Size | 78.70 AC |
Price Per AC | £6,462 |
Price | £508,593 |
Price Per AC | £6,462 |
Lot Size | 78.70 AC |
Beautiful 78.7 acre parcel located on west side of Plutarch Road in Town of New Paltz. With over 1000 feet of Road frontage the property is well suited for development. Included in the property is a one bedroom stone Cottage.
Description
This beautiful and pristine land is lightly wooded and has a very gentle slope up from the newly paved Plutarch Road. This is a perfect property for a family compound with horses or livestock. Or developed into 5 or 6 building lots with seperate driveways for egress.The current partner owners were developers but are now too old to build. It's nearly an estate property with a few partners have passed away. Their spouses just want to sell. No subdivision by them. It's just an hour and a half from NYC. This parcel is a wonderful blank slate. Live in the stone cottage while you build your dream estate or subdivide to sell seperate lots or build to suit. With A-3 (agricultural residential 3 acre minimum) the cottage on 3 acres could be subdivided off and sold for about $250,000 as is. At this reduced asking price of $650,000, you would have an additional 5 or 6 lots for $400,000 less subdivision costs. If a private road is built many more lots can be achieved. The hip Village of New Paltz is just 5 minutes for SUNY New Paltz, restaurants, botiques, galleries and the rail trail. State park Minnewaska is a half hour for swimming, biking, hiking and rock climbing on the Gunk cliff's.
zoning
Zoning Code | A3 (Agricultural/residential 3 acre minimum. possibly 7 lot subdivision plus the cottage on 3 acres.) |
A3 (Agricultural/residential 3 acre minimum. possibly 7 lot subdivision plus the cottage on 3 acres.) |
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330 Plutarch Rd - Plutarch Associates
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