by RH Advisors

See Home Value
Rye 10580 Rye
50 Franklin Avenue
$4,200,000
● House - Off Market

50 Franklin Avenue

Rye City, NY 10580
bedrooms
6 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,525 Ft²
$21,090
Est. Monthly

About This Property

Welcome to luxury new construction in one of Rye's most sought-after neighborhoods. Meticulously designed and custom built by The Red Diamond Group, this ~4,525 SF residence delivers an exceptional blend of classic elegance and modern functionality - with every detail thoughtfully considered and no expense spared.

A grand two-story foyer with 20+ foot ceilings, intricate custom paneling, and crown molding throughout makes an immediate impression. The open-concept main level flows beneath 10-foot ceilings and is ideal for both everyday living and sophisticated entertaining, with an attached two-car garage completing the package.

At the heart of the home, the chef's kitchen showcases locally crafted custom cabinetry, a stunning 10-foot Taj Mahal Quartzite island with double waterfall edge, two built-in refrigerator drawers, a 48" Wolf Range, and a 48" panel-ready Fisher & Paykel refrigerator. A 16-foot Pella sliding glass door connects the dining area to ~500 square foot Trex deck for seamless indoor-outdoor living. The dining room features a custom built-in coffee bar with beverage refrigerator, and the adjacent living room is anchored by a 72" linear fireplace finished in matching Taj Mahal Quartzite.

The upper-level primary suite occupies its own private wing with two walk-in closets and a spa-like ensuite featuring a freestanding soaking tub and rain-head shower. Three additional bedrooms each offer direct bathroom access via two well-appointed full baths.

The walk-out lower level includes a finished home theater, flexible 6th bedroom/gym/office, and private guest suite - opening to a covered patio and professionally landscaped yard surrounded by Green Giant Evergreens for maximum privacy.

Premium systems & finishes include: 5" Select White Oak Hardwood · Hydro-forced hot-air HVAC with 3 units & 4 zones (dedicated zone for primary suite) · Navien gas boiler with indirect hot water tank · Full smart-home integration with keypad alarm, security cameras & Sonos audio · 4" LED recessed lighting · 200-amp electrical panel · Pella Lifestyle Series windows with SDL grilles · Arctic White James Hardie lap & shake siding · Comprehensive custom millwork package with bespoke built-ins, vanities & closet systems

Walk to Osborn Elementary, Rye Middle, and Rye High School. ~40 minutes to Grand Central. Privacy, luxury, and convenience - perfectly delivered.
Unit Size
4,525 Ft²
Days on Market
80 days
Land Size
0.23 acres
Price per sqft
$949
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1959

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Last updated: 4 months ago (OneKey MLS #KEY000072)

Price History

Date / Event Date Event Price
Aug 3, 2026 Sold
Sold
May 17, 2026 In contract -
In contract
May 15, 2026 No longer available -
No longer available
May 14, 2026 Listed by R2M Realty Inc $4,295,000
Listed by R2M Realty Inc
Mar 31, 2026 In contract -
In contract
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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Building Count: 12
  • Floor Count: 20
  • Total Unit Count: 1,268
  • Residential Unit Count: 1,267
  • Basement Type: 2

    Dimensions

  • Lot Area Sqft: 282,839
  • Lot Size Depth Feet: 610
  • Lot Size Frontage Feet: 464
  • Building Depth: 110
  • Building Frontage: 145
  • Gross Building Area: 846,700

    Building Floor Area

  • Residential Building Floor Area: 744,000
  • Commercial Building Floor Area: 102,700
  • Retail Building Floor Area: 102,700

    Floor Area Ratio

  • Built Floor Area Ratio: 3
  • Residential Floor Area Ratio: 3
  • Facilities Floor Area Ratio: 7

Building

  • Building Type: D4
  • Lot Type: 3
  • Land Use: 03
  • Irregular Lot Code: N
  • Proximity Code: 1
  • Extension Code: N

Neighborhood

  • Community District: 111
  • City Council District: 8
  • Police Precinct: 23
  • Fire Company: E091
  • Health Area: 2600
  • Sanitation District Borough: 1
  • Sanitation Subsection: 1B
  • School District: 04

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R7-2
  • Special Purpose District 1: TA
  • Zoning Commercial Overlay 1: C1-5

Geography

  • Borough Name: MN
  • Borough Code: 1
  • Block: 1656
  • Lot: 1
  • Borough Block Lot: 1016560001

    Address

  • Full Address: 211 East 106 Street
  • Zip Code: 10029

Valuation

    Assessments Valuation

  • Assessed Total Value: $53,258,400
  • Assessed Land Value: $6,345,000

    Exemptions

  • Exempt Total Value: $53,258,400
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Rye


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Nearby Rentals

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Unit for rent at 89 Crystal Street, Harrison, NY, 10528

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89 Crystal Street, Harrison, NY, 10528 Listing by Anthony Bommarito
Unit for rent at 9 Fenton Street, Rye, NY, 10580

$8,800 /mo

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9 Fenton Street, Rye, NY, 10580 Listing by Susan Janart


Frequently Asked Questions

When was property at 50 Franklin Avenue built and last sold?
The property at 50 Franklin Avenue was built in 1959 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 50 Franklin Avenue is $4,337,950.
What are some comparable homes to 50 Franklin Avenue?
There are currently no comparable homes to 50 Franklin Avenue.