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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

MAJOR PRICE REDUCTION of $145,000!!! Owners and Estate say Sell, 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 sale is an adorable English style stone cottage , one bedroom and large loft area. Hardwood floors throughout. Gorgeous stone walls meander through the undulating terrain. This property is a must see- very unique and so well located. Minutes from New York State Thruway, Metro North, the Gunks and not to mention our beautiful Walkway and Rail Trail.

Property Facts Under Contract

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
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.)
  • Listing ID: 32210701

  • Date on Market: 21/06/2024

  • Last Updated:

  • Address: 330 Plutarch Rd, Highland, NY 12528

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