Historic Westchester Estate/Redevelopment Opportunity

Please visit our website to register and access all due diligence information. Located just 35 minutes from New York City, the secluded 7.9-acre estate features a 14,000 sq. ft. main house, essentially gutted to the studs, and ready for a builder or user to complete to their taste. In fact, our rare auction represents an incredibly unique opportunity to either renovate the 1931 historic residence, sub-divide the land into 3-6 parcels, or build a brand-new house. Furthermore, with proper change of use, the estate potentially could be used as a compound for a school, religious facility, or light commercial use. Additional structures include a 1,300 sq. ft. log cabin just 20 feet from the shore of the lake, guest cottages, original stables, custodian's house, and a parking garage. Ground has been dug out next to the main house for a one-of-a-kind 60-foot infinity pool overlooking the granite cliff floating above the lake. The grandfathered permissions to build in such proximity to the natural spring-fed lake are priceless. This storied and magnificent property was first owned and used as a country estate by the Straus family, the owners of R. H. Macy & Co. (now known as Macy's). The property was purchased in the 1980's by the Hearst family, known for building the nation's largest newspaper chain and media company, Hearst Communications. During the 1990's, A.B.W. Investors planned to build a private club on the property and finance it by bottling 100,000 gallons of water per day from Quarry Lake, a 19th century granite quarry that shares a riparian area with Cranberry Lake Preserve and, further to the north, the Kensico Reservoir. Although the plans ultimately faltered because of protests from the neighboring community, Quarry Lake remains an unadulterated spring for fresh water. 35 minutes by car to Manhattan 14 minutes by Helicopter to Manhattan 7 minutes by car to Westchester Airport 3 minutes by helicopter to Westchester Airport *Taxes listed are per PropertyShark* 5% Buyer's Premium