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488 Black Forest Road
About This Property
Sitting pretty on a hillside, the home overlooks the Mill Brook and surrounding forest. The main living space is elevated to maximize a treehouse feel and large and abundant windows give the space a light, sunny quality while framing the natural beauty of your surroundings. The kitchen is efficient without losing any functionality. Modern stainless steel appliances complement ample cabinetry and a picture window looks out to the side yard. One of the two sitting rooms is anchored by a cozy wood stove and glass doors and could also make a lovely dining room if that's more your speed. The larger room has a greenhouse feel, with two walls of large windows overlooking the creek to one side and your front yard to another. The renovated bathroom completes the first floor. Upstairs are two cozy bedrooms with skylights to keep things feeling airy. The smaller bedroom features a built in bed frame with storage.
Outside a large terrace offers additional gathering space and a stone patio overlooks a small pond. Mill Brook sits just across the quiet dead-end road. Beyond the amenities of the Black Forest Community, be sure to check out nearby attractions, like the new Tokyo Drift restaurant in Eldred and long-time standby Bang Bang Bar at Stickett Inn in Barryville. The Delaware River offers opportunities for swimming, floating, and fishing. Two hours from NYC.
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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 |
|---|---|---|---|
| Oct 3, 2026 | In contract | - | |
| In contract | |||
| Aug 3, 2026 | Price Decreased |
$399,000
↓ $26K
(6.1%) | |
| Price Decreased | |||
| Jul 15, 2026 | Listed by Country House Realty Inc | $425,000 | |
| Listed by Country House Realty Inc | |||
| May 8, 2023 | Listed by Keller Williams Hudson Valley | $367,000 | |
| Listed by Keller Williams Hudson Valley | |||
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This charming cottage situated on six private acres is reminiscent of European country living from days gone by. The classic mid century home is tucked in the Black Forest of Glen Spey NY. The babbling sound of Mill Brook and the sighing of the wind is the only sounds you will hear from the expansive deck that looks out over the brook and the surrounding countryside. The house has been painstakingly redone in the last six years with new hardwood throughout the home, and a full remodel of the kitchen and bathroom. Feel tucked away from it all and yet just minutes to amenities in Barryville, Eldred and Narrowsburg. Black Forest is a private qated community with access to 1100 acres of hiking, (or explore with your ATV). There are many miles of trails with hidden bridges swimming holes and waterfalls. The house adjoins this common land so you can literally walk out your back door and hike for hours! This is an easy trip from NYC for the most idyllic Catskills country escape.
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| Oct 1, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017