315 Bellvale Lakes Road
About This Property
Set on five magical pastoral acres along coveted Bellvale Lakes Road, The One Eyed Horse Farm pairs Victorian character, open pasture, wide sky, and true country living, all approximately one hour from New York City in the Warwick Valley Central School District. With rolling grounds, open fields as far as the eye can see, and a barn setup ready for horses, hobby farming, and the animals that make country life feel complete, this is a rare opportunity to live beautifully, breathe deeply, and enjoy Warwick countryside living at its finest.
The recent price adjustment reflects the owner obtaining a permit for the approximately 1,500 square feet of finished office space in the barn, adding meaningful value, flexibility, and usability to an already special property. The full barn is approximately 3,000 square feet and was designed for two distinct lifestyles. One side offers stalls, a tack room, and farm functionality for horses, livestock, and barn animals. The other side has been renovated into flexible finished space ideal for a private office or work-from-home setting. It is the kind of space that transforms a beautiful property into something truly exceptional.
The residence itself is full of soul, craftsmanship, and presence. Four bedrooms and two and a half baths offer room to spread out, whether as a full-time residence, weekend retreat, gentleman's farm, creative escape, or countryside estate. Inside, soaring ceilings, handcrafted banisters, original wide-plank hardwood floors, period trim, elegant wallpaper, and decorative fireplace mantels carry the romance of a bygone era while still feeling warm, livable, and inviting.
The gourmet kitchen is made for gathering, while the formal rooms invite long dinners, holidays, quiet evenings, and lingering conversation. Each bedroom has its own personality and charm, and the primary suite offers a peaceful retreat at the end of the day.
Outside, the property is nothing short of magical. Mornings on the covered porch, afternoons in the barn, horses grazing in the pasture, animals settling in for the evening, and nights under open sky remind you why people dream of country life. The land feels private, open, and cinematic, with room to live, work, create, gather, and simply enjoy the beauty around you.
And then there is the story. For years, this property belonged to Doc Severinsen, the legendary bandleader from The Tonight Show with Johnny Carson, who is said to have built the shed so he could practice trumpet in peace. That thread of music, creativity, and character still feels woven into the property's spirit.
A rare Bellvale Lakes Road offering, approximately one hour from Manhattan yet worlds apart. The One Eyed Horse Farm is more than a home. It is an elegant countryside estate, a turnkey horse farm, a creative retreat, and a magical place designed to be lived in, loved, and remembered.* Showings are by appointment only
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 18, 2026 | Price Increased |
$999,000
↑ $54K
(5.7%) | |
| Price Increased | |||
| Jul 15, 2026 | Price Decreased |
$945,000
↓ $54K
(5.4%) | |
| Price Decreased | |||
| Jun 26, 2026 | Listed by RE/MAX Town & Country | $999,000 | |
| Listed by RE/MAX Town & Country | |||
| May 31, 2026 | Withdrawn | - | |
| Withdrawn | |||
| May 5, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017