12 Monell Place
About This Property
Built in 1867, the home carries a rare sense of history, craftsmanship, and permanence that is felt from the moment you arrive. The stately brick facade, dramatic rooflines, and arched entry create a striking first impression.
Inside, the home is rich with architectural character, custom detail, and craftsmanship throughout. French doors, parquet wood floors, substantial trim work, detailed moldings, custom hinges, distinctive doorknobs, beautifully framed openings, and chandeliers set beneath ornate ceiling trim all contribute to the home's refined historic character. Large windows invite natural light and frame the Hudson River views, while the river-facing rooms create a constant connection to the surrounding landscape.
The main level offers gracious entertaining spaces, flexible living areas, and a layout that allows the home to live comfortably for modern needs while honoring its historic roots. With five bedrooms, multiple baths, and expansive square footage, the residence offers room for hosting, working, relaxing, and creating a true Hudson Valley retreat.
Outdoors, the acreage is one of the property's defining luxuries. Nearly five acres on the river in Beacon is an exceptional offering, providing privacy, presence, and a front-row connection to the natural beauty of the Hudson Valley. The grounds create a sense of arrival and separation, all while remaining within reach of Beacon's restaurants, galleries, shops, train access, and vibrant Main Street energy.
12 Monell Place is not simply a home - it is a legacy property. Historic, architectural, private, and beautifully positioned above the Hudson, it offers a rare opportunity to own one of Beacon's most memorable estates.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
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| Jul 7, 2026 | Listed by Sams Realty | $2,400,000 | |
| Listed by Sams Realty | |||
| Jul 1, 2026 | No longer available | - | |
| No longer available | |||
| Oct 20, 2025 | Listed by eXp Realty | $2,399,000 | |
| Listed by eXp Realty | |||
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Welcome to “Eustatia” — one of Beacon’s most historically significant and architecturally remarkable homes.
Built in 1867 for Judge John Monell and Caroline Downing, widow of celebrated architect Andrew Jackson Downing, this High Victorian Gothic estate was designed by Frederick Clarke Withers and published in the 1873 edition of Cottage Residences as Design XXV. Set on nearly five acres overlooking the Hudson River, this masterpiece stands as a living testament to 19th-century craftsmanship and timeless elegance.
The main level features formal entertaining rooms with tall bay windows and French doors that once opened to a sweeping veranda — now leading to an enclosed family room and deck with panoramic Hudson River views. A large main-floor bedroom offers flexibility for guests or single-level living. The living room flows seamlessly into a billiard room and library, creating a sophisticated setting for intimate gatherings or grand celebrations.
Upstairs, four spacious bedrooms continue the home’s graceful design, with soaring ceilings, stunning light, and tranquil river views. Each space evokes peace and possibility — ideal for transforming into an artist’s retreat, creative studio, or wellness sanctuary.
Located less than one mile from Beacon’s Main Street and Metro-North station, Eustatia offers a rare balance — proximity to art, nature, and culture, while feeling worlds away.
More than a home, Eustatia is a living chapter of American architectural history — a luminous sanctuary of art, light, and legacy, awaiting its next visionary steward.
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| Mar 19, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Sep 29, 2023 | Listed by Compass Greater NY, LLC | $2,190,000 | |
| Listed by Compass Greater NY, LLC | |||
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Historically significant High Victorian Gothic cottage built in 1867 for Judge John Monell and his then new wife, Caroline Downing, the widow of Andrew Jackson Downing. Long time friend and former colleague of Downing, Frederick Clarke Withers was hired as the architect. This design was published in the 1873 edition of Cottage Residences as Design XXV. The estate known as Eustatia was named after the West Indies island from which the wife's family had emigrated. Today this beautiful house sits on nearly 5 acres of rolling property overlooking the Hudson River. The rooms are grand with beautiful proportions, original moulding, doors, hinges, mantels, tile work and detailed inlaid wood flooring. This original brick beauty deserves to be brought back to it's historic glory. There's plenty of space with 4 bedrooms upstairs and formal rooms on the main level with charming bay windows and many gothic details inside and out. The original house has french doors in the parlor which opened to a veranda but now open to an enclosed family room and deck with spectacular views of the Hudson. Less then 1 mile to Beacon train station and Main St. This house is on the National Register of Historic Places.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017