12 Tamarack Drive
About This Property
Positioned on an elevated homesite, this home captures valley views and offers a natural backdrop. Imagine unwinding on your future deck while taking in breathtaking sunset views-an everyday luxury that truly sets this property apart.
The ILAN model features a spacious and flexible layout with 3–4 bedrooms, 2 full baths, and a versatile study or den-perfect for a home office, guest space, or additional living area. The open-concept living room is highlighted by vaulted ceilings, creating a bright, airy atmosphere ideal for both everyday living and entertaining.
At the center of the home, the chef's kitchen is designed to impress, complete with an oversized island, ample cabinetry, and a convenient walk-in pantry. Two secondary bedrooms share a well-appointed hall bath, while the private primary suite offers a peaceful retreat with its own full bath and generous walk-in closet.
Additional features include a 2-car garage, dedicated laundry room, and seamless indoor-outdoor flow to both the patio and covered front porch-perfect for enjoying the surrounding scenery. This is also the only model currently available with a slab foundation, offering a unique option within the community.
The home includes a full unfinished basement, providing endless potential for future expansion-whether you envision additional living space, a recreation room, home gym, or abundant storage.
Equipped with state-of-the-art heat pump systems, this home delivers year-round comfort with energy efficiency and reduced utility costs.
Located in the heart of the Hudson Valley, Elm Farm Estates is a thoughtfully designed community of 52 new homes, surrounded by scenic beauty and a welcoming neighborhood feel. Residents enjoy close proximity to charming village shops, local restaurants, and everyday conveniences, while also benefiting from easy access to I-84, I-87, and Metro-North-making commuting to New York City, just 60 miles away, simple and convenient. The nearby city of Newburgh continues to thrive, offering growing business and employment opportunities.
For more details-including updated photos, maps, and a 3D simulation of Elm Farm Estates-please visit our website. ENTRANCE TO THE SITE: FROM FOSTERTOWN RD
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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 |
|---|---|---|---|
| May 3, 2026 | Listed by eXp Realty | $655,000 | |
| Listed by eXp Realty | |||
| Aug 21, 2025 | In contract | - | |
| In contract | |||
| May 2, 2025 | Listed by eXp Realty | $600,000 | |
| Listed by eXp Realty | |||
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Welcome to the ILAN model ranch-style home, where luxury meets functionality in perfect harmony. Boasting 3 generous bedrooms, 2 baths, and a versatile study/den ideal for work or leisure. The heart of the home is the inviting living room, adorned with vaulted ceilings that create an airy ambiance. Culinary delights await in the spacious kitchen complete with an expansive island and convenient walk-in pantry. Two bedrooms share a well-appointed bath, while the master suite offers a luxurious retreat with its private bath and walk-in closet. With a 2-car garage, laundry room, and a seamless flow to the outdoor spaces including a patio and covered porch, this residence promises a lifestyle of relaxation and elegance. Equipped with state-of-the-art heat pump systems, this home ensures optimal comfort and energy efficiency year-round, leading to lower utility bills and reduced environmental impact. Located in the picturesque Hudson Valley, Elm Farm Estates offers a vibrant and tight-knit community atmosphere, where neighbors become friends and every corner holds a story. Enjoy easy access to an array of amenities, from quaint village shops to bustling eateries, enriching daily life. With 52 brand-new construction homes, we present six carefully selected floor plans that cater to every preference, from elegant colonials to charming ranches and contemporary bi-levels. Each residence boasts modern features and spacious layouts designed to accommodate your lifestyle. Enjoy the serene backdrop of surrounding trees and views, creating an idyllic setting for your dream home. Conveniently situated off Highways I-84 and I-87, Elm Farm Estates provides seamless access for your daily commute. Explore neighboring towns, or venture into New York City, just 60 miles away, via the nearby Metro North. Newburgh is a fast-growing hub for businesses and new work opportunities with major companies established in the area and more on the horizon. Don't forget to visit our website for more information, including a 3D simulation video of Elm Farm Estates.*** PLEASE NOTE: This is a brand-new subdivision, and not all models have been completed. (THE ILAN )The Ranch-style home located at 40 Wells Road is currently available for viewing.
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About Dutchess
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017