327 Phillips Road
About This Property
This exceptional property offers just under 34 acres across two parcels, with sweeping mountain views, a meandering stream, and remarkable privacy - all 8 minutes to the center of Woodstock, 12 minutes to the town of Saugerties, and only minutes from the world-famous Opus 40 sculpture park.
A roughed-in driveway extends to the top of the property where panoramic overlook views unfold. The land is ready to build - electricity is on-site and a Health Department-approved septic system for a 4-bedroom home is already planned out. A cleared mountaintop area provides the perfect spot for your future home, surrounded by nature's beauty.
The lower portion of the property features a tranquil stream and lush meadows, ideal for exploring or simply enjoying the peace and quiet. With two parcels included, you have flexibility for a single estate, family compound, or a mix of home and recreational space.
A rare combination of natural splendor, convenience, and readiness - all in the heart of the Catskills and close to two of the Hudson Valley's most vibrant communities.
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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 8, 2025 | Listed by Serhant LLC | $1,250,000 | |
| Listed by Serhant LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017