Calling all investors and historic home enthusiasts... This is your once-in-a-lifetime opportunity to acquire and restore this stunning 1917 stone Colonial located in the highly sought after Gracemere Lake section of Tarrytown with Irvington schools. The home is situated on 1.34 acres with breathtaking pond views. The serenity and beauty of this expansive property is truly captivating. This magnificent 3-family home is the perfect blend of old-world charm, elegance and versatility.  The grand primary residence offers 5 bedrooms, 2 1/2 bathrooms with a private front entrance leading into a spectacular double staircase and steps down to the vast main living area, complete with a wood burning fireplace and sliders that walk out to a beautiful stone courtyard.  Additionally, there are 2 units conveniently tucked away in the rear of the home offering the utmost privacy. The second unit is a spacious 3-bedroom, 2-bathroom duplex. The last unit is a 2-bedroom, 1-bath unit complemented by a den/library providing flexible options.  This is also presents an opportunity for homeowners looking for a one of a kind a single-family home.  Even though this property is designed as a multifamily home with separate units, it offers a unique opportunity of being easily convertible into a single-family home with additional bedrooms and living space. The layout of the main home and its accessibility to the other apartments make for an easy, seamless conversion into a spectacular single family dwelling.  This home is being sold "As-Is" with no contingencies. Buyer to pay transfer tax.