949 Ulster Heights Road
949 Ulster Heights Road Ellenville, New York 12428 United States

$1,200,000
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Cabin-hood with investment potential. This is what the Catskills have always been about: summers by the pool, fishing and canoeing on the lake, evenings around the campfire with friends, family or complete strangers enjoying the stars and the...
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Heather Croner Real Estate Sotheby's International Realty

$1,200,000
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Price / Sq. Ft.:
$267 /
4,500 Sq Ft.
Interior
75 Acres
Exterior
Single Family Home
2014
Year Built
20171802
Web Id
20171802
MLS ID
Ellenville Central School District
School District
Ellenville Pre K-5
Elementary

About 949 Ulster Heights Road

Cabin-hood with investment potential. This is what the Catskills have always been about: summers by the pool, fishing and canoeing on the lake, evenings around the campfire with friends, family or complete strangers enjoying the stars and the quiet. Designed by architect Nancy Copley, there are currently six units (3 structures). Final plans show twelve units (6 structures). Currently 3 of the 6 initially planned units are finished and rent out for $185/night each. The second structure is almost finished and the third structure would need to be resumed. Numbers translate to roughly 120k + gross income when units that are currently in progress are completed; significant additional income streams possible, including completing a communal building that could be used for retreats, events, etc. In addition, there are two vintage structures that could clean up nicely and possibly be used as summertime rentals during the interim while new units are being completed. There are also other vintage structures to be explored, revived and/or removed. The 70+ acres have the beginnings of some really lovely trails and logging roads. A fantastic opportunity to run a modern-day bungalow colony or possibly convert to condominiums. Nancy Copley was an architect who specialized in designs that reflect and harmonize with beautiful and unusual natural sites and you will appreciate that sensitivity in the design of these cottages and this setting. Two acre pond is spring fed from underneath and flows out to Cape Pond. In the past it has been stocked with bass, catfish, perch, sunfish and carp. Pond is used for swimming, also.

Listing Courtesy of Habitat Real Estate Group, LLC, Ulster County Board-Realtors

PROPERTY INFORMATION

Heating
FORCED AIR, WOOD ASSIST
Parking Description
DRIVEWAY, LOT
Sewer
SEPTIC IN-GROUND, OTHER-SEE REMARKS
Water
-

EXTERIOR

Construction
FRAME/STICK

INTERIOR

Flooring
MIXED, WOOD
Interior Features
CELING FAN

ADDITIONAL INFORMATION

Number of Units
6

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