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489 Grape Hollow Road
About This Property
Discover 63.9 contiguous acres of serene, wooded land offering exceptional versatility in Northern Dutchess/Hudson Valley. Perfectly suited for a multi-home residential development or a private, multi-generational luxury compound.
Key Highlights:
Subdivision Potential: Prior town conceptual approvals for 4-lot to 10-lot subdivisions (buyer/engineer to update approvals with the town).
Head Start on Infrastructure: 3 drilled wells already in place across parcels, significantly saving on initial site prep.
Diverse Topography & Views: Features a blend of level build sites, gently rolling slopes, picturesque valleys, and a winding stream (crossing near Deverly Lane), culminating in panoramic mountain views from the upper elevation.
Flexible Usage: Build luxury homes on spacious, private lots, or create a private retreat, hunting lodge, or tranquil personal estate. ( Escape to peace and absolute tranquility on this stunning 63.9-acre wooded parcel nestled in the heart of the Hudson Valley. Featuring level build areas, scenic valleys, and a serene stream running through the property, the top of the land rewards you with sweeping mountain vistas-the ultimate canvas for your custom dream estate or private mountain retreat.)
Prime Location: Minutes to Hopewell Junction and Pawling, with swift 10-minute access to the Taconic State Parkway and I-84 for easy commuting.
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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 14, 2026 | Price Decreased |
$589,000
↓ $1K
(0.2%) | |
| Price Decreased | |||
| Jul 7, 2026 | Relisted | $590,000 | |
| Relisted | |||
| Jul 1, 2026 | No longer available | - | |
| No longer available | |||
| Nov 14, 2025 | Price Increased |
$590,000
↑ $1K
(0.2%) | |
| Price Increased | |||
| Feb 19, 2025 | Price Decreased |
$588,900
↓ $100
(0%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017