51 Redder Road
About This Property
At the heart of the property is an impressive 15,000-square-foot commercial building accompanied by a spectacular 4,500+ square-foot barn reimagined into an elevated clubhouse and guest residence. Designed for both entertaining and extended stays, the space features a full chef's kitchen outfitted with premium ZLINE appliances, three bedrooms, a full bath, movie theatre, home gym, and expansive gathering areas that blend rustic character with modern luxury.
Above the commercial building are two beautifully updated two-bedroom apartments, each 1500 square feet, offering spacious open-concept layouts, full baths, laundry, and turnkey living accommodations ideal for guests, rental income, staff housing, or multigenerational use. Both units provide a bright and spacious open floor plan, quartz counters, private deck, garage each with their own apartment entrance.
Beyond the existing structures lies an incredible canvas of untouched acreage waiting to be explored, enjoyed, or further developed. Rolling pastures, ponds, wooded trails, and sweeping mountain views create an atmosphere of complete privacy and serenity. A cleared build site positioned to overlook the ponds and surrounding landscape offers the perfect setting for an additional luxury residence or future expansion.
Whether envisioned as an exclusive family estate, income-producing compound, boutique destination, or visionary development opportunity, this remarkable property delivers unmatched scale, flexibility, and possibility in the heart of the Hudson Valley.
A truly exceptional offering where luxury, land, and limitless potential meet.
All located just minutes from Minnewaska State Park, Shawangunk Mountains & Trail, Mohonk and so much more!
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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 |
|---|---|---|---|
| May 1, 2026 | Listed by Serhant LLC | $3,500,000 | |
| Listed by Serhant LLC | |||
| Oct 7, 2023 | No longer available | - | |
| No longer available | |||
| Jul 19, 2023 | In contract | - | |
| In contract | |||
| Mar 6, 2023 | Listed by Tactical Realty LLC | $2,975,000 | |
| Listed by Tactical Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017