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- LoopNet Team
44 Church Rd
Mountain Dale, NY 12763
The Glen Wilde · Specialty Property For Sale · 11,390 SF
Investment Highlights
- Additional income opportunity in unrenovated units and events bookings
- Just a minute from the hip town of Mountaindale
- Stone house which can be used as owner/caretaker home or additional year round rental unit
- Seasonal "summer" bungalows renovated into eclectic modern spaces
PROPERTY FACTS
Property Type | Specialty | Building Size | 11,390 SF |
Property Subtype | Residential Income | No. Stories | 2 |
Building Class | B | Year Built/Renovated | 1940/2017 |
Lot Size | 10.34 AC | Parking Ratio | 1.23/1,000 SF |
Property Type | Specialty |
Property Subtype | Residential Income |
Building Class | B |
Lot Size | 10.34 AC |
Building Size | 11,390 SF |
No. Stories | 2 |
Year Built/Renovated | 1940/2017 |
Parking Ratio | 1.23/1,000 SF |
About 44 Church Rd , Mountain Dale, NY 12763
Amazing opportunity to own this generous 1940s stone house PLUS a 17-unit summer bungalow colony privately nestled on 10.34 wooded acres located just minutes to the hip town of Mountaindale. Known as The Glen Wilde, this unique property has a robust Instagram following and has been featured in Remodelista and the New York Times. If you’ve ever dreamed of owning a one-of-a-kind vacation hideaway, it’s time to make that dream a reality! The summer bungalows have earned their stellar reputation. There are 17 seasonal bungalow units that surround the stone house and a tree lined and fairy-light filled area with communal tables known as “Laurel Lane” which is used for outdoor dining and socializing. The current owners have renovated 8 of the 17 bungalow units into eclectic and modern yet rustic spaces that are comfortable and very Instagram worthy. The renovated units all feature enclosed front porches, wood floors, exposed wood ceilings, refurbished vintage kitchens or newly renovated kitchens with concrete countertops, bathrooms with a mix of vintage fixtures and new finishes including handmade concrete hex tiles, and ample, bright bedrooms as well as loft bedrooms with oversized windows that let in tons of light. The Stone House at the heart of the property has been recently renovated while retaining loads of its original character. Past the covered entry and through the front door is the home’s foyer, a large and bright living room with vintage wallpaper that has been lovingly preserved, a full bathroom, newly remodeled kitchen, dining/additional living room, and two main floor bedrooms. The kitchen features concrete countertops and stainless steel appliances and is partially open onto the dining/living room which includes a cozy wood stove. Upstairs are two more bedrooms, another full bathroom and convenient attic storage space. The larger of the two upstairs bedrooms boasts incredibly high ceilings, tons of windows, and additional space for a sitting area or work space while the other bedroom comes with a bonus – a covered terrace that looks onto the grounds and the surrounding bungalows. The stone house would make a wonderful rental property, a common space for bungalow guests, event space, or a super special home for a caretaker or anyone who would want to live on the property while managing the bungalow rentals. The property’s 10+ acres also offers a creek, mountain view, possibilities for a pool (there is an old pool on site that could potentially be refurbished), bonfire pit for guests, a large blueberry patch, an open field with tons of potential for event space, tent camping, yoga, or sports, and a trail through the woods that leads into town! The Glen Wilde operates as a seasonal bungalow colony (from as early as May and as late as October depending on the weather). The projected 25% cap rate is likely conservative and with updates to the 9 unrenovated bungalows, the potential for income is far greater. The privacy and scale of the property also makes it ideal for full guest buyouts for hosting events and from small weddings, corporate retreats, and artist’s residency programs to birthdays, parties, workshops, and classes to name a few possibilities. The sale comes complete with The Glen Wilde’s brand and digital assets including the website and Instagram account with nearly 15,000 followers, plus all furniture, art, bedding, kitchen supplies, and a ton of vintage fixtures, appliances, dishware, and found treasures from days gone by which are currently being stored in some of the un-renovated bungalows! The property is located within walking distance to great dining and shopping in the popular town of Mountaindale plus the local swimming hole at Sandburg Creek and is just 10 minutes to Rock Hill for groceries and the farmer’s market, 15 minutes to more shops and restaurants in Ellenville as well as skiing at Holiday Mountain, 20-30 minutes to hiking, swimming and other outdoor activities at Bashakill Wildlife Refuge, Neversink River Unique Area, Sam’s Point, and so many more. And, at just 1 hour and 25 minutes from NYC, it is super convenient for guests coming from the city whether by car or by Shortline bus which drops guests off at the town post office just down the road! Additional notes: Buyer to confirm all pertinent information including square footage, property taxes, short term rental restrictions, etc. Bedrooms, bathrooms, and square footage for un-renovated bungalows are not included in the total shown on the listing. Un-renovated bungalows would add an additional 9 beds and 9 bathrooms plus another 4,614 sq ft. The bungalows are not winterized and, to do so, would require installing insulation and lowering water lines. If winterizing to operate as a full time hospitality property, the town would require all water and sewer to be hooked up to the town system and the driveway and parking lot widened to accommodate fire trucks. The Glen Wilde currently operates with a short term rental permit from the town and a new owner would have to complete a permit transfer application.
Links
zoning
Zoning Code | commercial |
commercial |
Listing ID: 24019135
Date on Market: 9/1/2021
Last Updated:
Address: 44 Church Rd, Mountain Dale, NY 12763