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Hunter 12442
504-506 Klein Ave
$1,491,549*
Condo - Off Market

504-506 Klein Ave

Hunter, NY 12450
bedrooms
Studio
bathrooms
5 Baths, 1 Half Bath
square feet
3280 Sqft
$1,080,000 - $1,318,000
Reference Base Price*
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Hunter, NY- Over the past few years, the ecotourism Catskill Mountain town of Hunter has seen significant growth, with Vail Resorts recently purchasing Hunter Mountain, adding an entirely new entrance and trails with an anticipated new base lodge coming shorty, now known as "Hunter West." There has been an extraordinary influx of luxury renters as well in 2020, seeking refuge from the NYC metro area. Right at the base of the mountain lies a one of a kind, 7 bedroom, rustic suite for luxury rentals and/or for a large family mountain getaway. With ski-in ski-out access from the pinnacle condominium, the high-end suite is located just above the Hunter Base Lodge, but offers an incredible insulating layer, so that you can have the ultimate private and peaceful destination, while only being steps away from the amenities of the base lodge and the chairlift. With the lack of true luxury rentals in the area, with the type of offering this luxury property provides, 2020 has been a record year for rental revenue, topping out just over $160,000.  It is safe to say that this vacation residence likely produces more revenue than any other in the Hunter area, with 2021 already booking up. The owner of this turn-key rental property will transfer all rentals to the next owner, with the entire business already set up, all completed remotely in just a few hours a week.  The current owner initially combined two, three bedroom condos to give his family and guests a 7 bedroom, 4.5 bath, 3,280 square foot masterpiece with optional owner lock out unit. The rustic design is based on a western ski lodge and has been meticulously maintained.  The owner has both used the luxury retreat for himself and family when they would like to visit, traveling just over the 2 hours from Manhattan, as well as offering it out as a luxury rental when it is convenient. The next owner will be in a position to continue cashing in and simultaneously enjoying the unit for themselves, as there is a stellar online reputation and high rate of return.There are private reserved parking spaces, a pool, spa and gym membership, elevator, and it is just just steps from the slopes.  Accented with meticulous wood craftsmanship, central air, four gas fireplaces, double laundry machines, two decks, this luxury property is currently being offered fully turn-key.  This includes the high end furnishings and designer appointments, in addition to the easily managed vacation rental that has been running for over a decade.  This investment/recreational retreat is one that will provide the next owner opportunities to enjoy times with family and friends, knowing that the entire property can be paid off and turned for a 100% profit before the kids go away to college, or the time is right to move on the next adventure. The opportunity is grand. Listing brokered by LAND DEFINED CORP

The manager has listed the unit size as 3280 square feet.
Unit Size
3,280Ft²
Days on Market
-
Land Size
0.02 acres
Price per sqft
$366
Property Type
Condo
Property Taxes
-
HOA Dues
-
Year Built
-

Price History

Date / Event Date Event Price
Mar 9, 2021 No longer available -
No longer available
Nov 8, 2020 Relisted $1,199,500
Relisted
Nov 7, 2020 No longer available -
No longer available
Oct 27, 2020 Relisted $1,199,500
Relisted
Oct 24, 2020 No longer available -
No longer available
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Property Highlights

With View


Comparables

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

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190708
07/08/2019
Studio
4.5 Bath
3280 ft²
$1,249,000
bedrooms
Studio
bathrooms
4.5 Bath
square feet
3280 ft²
-
-
-
Evan Spero
LAND DEFINED CORP

Building Info

64-504 Klein Avenue 64-504 Klein Avenue, Lanesville, NY 12450
More about this Building
64-504 Klein Avenue
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About Hunter


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