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Welcome to 5 Elbow Lane in Highland, a truly unique and captivating property that offers an exceptional blend of natural beauty, development potential, and endless possibilities. Build your dream home on 5 Elbow Lane and have the additional 21+ acres as your personal playground. As a generous 24. 9-acre parcel, this property boasts over 900 feet of picturesque river frontage along the majestic Hudson River. This remarkable property is an ideal choice for outdoor enthusiasts seeking endless adventures in nature's playground or developers with grand visions. The property's character is defined by beautiful stone walls and the lush presence of greenery including a bamboo forest, creating an atmosphere of serenity and natural elegance against the backdrop of the Hudson River. Whether you use it while you're building, as a guest house, or let it provide rental income, there's a 3-bedroom | 2 bath Cape Cod style home on the property. The living room is bathed in natural light streaming through the sun porch and captures the Hudson River views. The kitchen awaits its next owner with vision. As it's used, there are 2 bedrooms and 2 baths on each floor. The lower level of the home previously served as a law office, opening up numerous opportunities for an in-home office space, or studio. There is an industrial-type garage/workshop that further enhances the potential for a variety of uses. A stone's throw away, you'll find the renowned Hudson House Distillery, adding a touch of local charm to your lifestyle. This property is conveniently located. It's a easy 15-minute drive to either the Metro North train station in Poughkeepsie, New Paltz, or Kingston. Few locations have this much at your fingertips. This property represents a unique opportunity to secure a piece of Hudson Riverfront beauty with the added potential for development. It's a canvas of possibilities waiting for you to paint your vision. Whether you seek a weekend retreat or have grand ambitions, this property is a remarkable canvas upon which to create your dream.
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Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,299,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,039,200 | $1,039,200 | $1,039,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.612% | 6.433% |
Monthly Tax Payment | $2,844 | $2,844 | $2,844 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,147 | $6,568 | $8,910 |
Total Monthly Payment | $9,116 | $9,537 | $11,879 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.