182 Frey Road
About This Property
Scenic country roads lead you home, crossing over a babbling brook and onto a winding drive. Perched above the road and surrounded by a beautiful mix of woods and open acreage, the setting feels peaceful, grounded, and quietly removed from the pace of everyday life.
Inside, the home unfolds with warmth and ease. The main living area is anchored by a beautiful stone fireplace, soaring ceilings, and refinished hardwood floors that bring richness and texture throughout. Sliding doors and an oversized picture window connect the interior to the outdoors, creating an effortless relationship between home and landscape. A comfortable bedroom and full bath complete the first floor offering flexibility for guests or single-level living.
Upstairs, a bright loft overlooks the living room below-a cozy perch well suited for a reading nook, or work-from-home space. The primary bedroom is spacious enough for a king bed, and a sitting area or desk, and the skylight keeps it bright even on the gloomiest of days. The home feels joyfully livable and thoughtfully designed for everyday life with practical touches like generous storage woven throughout, while still offering space to evolve and make your own over time.
The finished lower level adds even more versatility, with a private entrance, full bath, and plenty of room for creative pursuits, a generous home office, or an exercise/play space. Recent improvements bring comfort and peace of mind, including a new heating and cooling system, fresh interior paint, refinished hardwood floors, and a rebuilt front porch.
Outside, the grounds strike the ideal balance between woods to wander and the makings of a thriving homestead. The gardens and small orchard are both charming and productive, with peach, cherry, Asian plum and pear, apricot, and kiwiberry trees, alongside four varieties of berries and a robust Concord grapevine tracing the perimeter. A sweet greenhouse extends the growing season, while a large shed and wood kiln support all your outdoor projects and seasonal preparation.
Although serene and removed, this centrally located home is just 10-15 minutes from Ellenville, Mountaindale, and Wurtsboro for great dining, shopping, markets, and more. The surrounding area is brimming with new and old favorites–and it's easy to imagine immersing yourself in this fun community. Sam's Point, Roosa Gap Fire Tower, Bashakill Wildlife Preserve can be found 8-22 minutes away, and there are several lovely rail trails in the area as well. Heading back and forth to the city is a breeze being only 75 miles to the GWB, and 20 minutes to the train station in Middletown.
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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%.
How much can I actually make?
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 |
|---|---|---|---|
| Aug 13, 2026 | Sold | ||
| Sold | |||
| Jul 4, 2026 | In contract | - | |
| In contract | |||
| May 25, 2026 | Listed by Compass Greater NY, LLC | $499,000 | |
| Listed by Compass Greater NY, LLC | |||
| Jun 10, 2021 | Sold | ||
| Sold | |||
| Dec 2, 2020 | Listed by Compass Greater NY, LLC | $369,000 | |
| Listed by Compass Greater NY, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017