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2-64 Harmony Hill Lane
Beekman, NY 12570
$6,900,000
Conventional
Property
Bedroom
5
Bathroom
8
Property Type
Conventional
Square ft
11012
Property Description
Welcome to your private oasis, a residence that redefines luxury living. Designed with a resort-like aesthetic, the property was developed by actor Eddie Murphy for his private residence. Every corner of the 205 acre estate feels like a retreat. The main house offers 11,012 SF over 15 rooms with 5 bedrooms, 6 full baths and 2 half baths. The open floorplan and soaring ceilings create an airy atmosphere, accentuated by five fireplaces strategically placed throughout, with most rooms offering access to serene views. The kitchen and living room are part of a large, vaulted room divided only by the floor to ceiling 360-degree fieldstone fireplace and chimney. The dining area between the kitchen and living room seats at least 12. Three of the five en suite bedrooms are located on the first floor, including the primary bedroom, complete with fireplace, full bath and sunken tub. Separated from the main house by a long hall is a huge recreation room with a fireplace, six sets of sliding glass doors, and a vaulted ceiling. This enormous room is perfect for large gatherings, private concerts, and ceremonies. Upstairs are two en suite bedrooms, bar with lounge areas, fireplace and balcony, and an awe-inspiring conference room with fireplace and half bath. The resort-style pool area is a masterpiece in itself, with two swimming pools, a hot tub, water slide, and waterfall. The octagon shaped pool house has a huge open room with a fireplace, ample room for seating and dining, bath and shower. Sliding glass doors open to a multi-tiered patio with an outdoor cooking kitchen. The perfect setting for both entertaining and relaxation. The property is not just a residence; it's a compound, equipped with equestrian facilities including an eight-stall barn, six paddocks, and a coach house with staff apartments. On the shore of the private swimming and fishing 7-acre lake sits a rustic log cabin with a front porch and wrap-around deck. With two bedrooms, full bath, and an open kitchen, dining and living room with fireplace, it can be used for guests or year-round residents. A 2-story observation deck overlooks the tennis court, and a 2-story recreation barn will surely delight with an ice cream shop, arcade games and home movie theater that seats 9. A two-bedroom caretaker's cottage, and multiple outbuildings complete the offering. Don't miss the chance to call this extraordinary property your own a sanctuary that transcends the ordinary and redefines the meaning of home. Located just 15 minutes from the Pawling MTA station to NYC and 16 minutes to I-84.
Property Information
Lot Size
205 acre(s) square ft
Property Type
Residential
Year Built
1973
MLS Number
H6277666
Location
Address
2-64 Harmony Hill Lane
City
Beekman
State
NY
Zip Code
12570
County
DUTCHESS
Listing
Provider
McGrath Realty Inc, original listing
Name
McGrath Realty Inc
Phone
(845) 855-5550
Office Name
McGrath Realty Inc
Office Phone
(845) 855-5550
Agent Name
Brian McGrath

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.