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339-345 Jessup Road
Florida, NY 10921
Victoria Stent with Coldwell Banker Village Green, original listing - (845) 679-2255
$2,950,000
Conventional
Property
Bedroom
11
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
5978 Square Feet
Property Description
Welcome to a majestic property and a rare opportunity to own a premier equestrian estate in the charming town of Florida, NY. Set on 52 acres of meticulously maintained, picturesque land, this property is designed to cater to all facets of equestrian life, from top-tier boarding and training to breeding and recreational riding. Surrounded by rolling hills, mountains, lush woods, a tranquil pond, and a meandering stream, the property offers both privacy and beauty in a setting equipped for professional use or personal enjoyment. Featuring a total of 32 stalls across two barns, the property boasts cutting-edge facilities with 12x12 matted stalls, rubber-paved aisleways, and enclosed tack rooms for secure storage. Heated grooming bays and wash stalls offer year-round convenience, and each stall is equipped with an electrical box to accommodate summer fans. The barns are thoughtfully designed to ensure a safe and comfortable environment, prioritizing both the care of horses and the ease of use for their handlers. The main barn is an equestrian's dream, featuring an attached 85x200 ft indoor arena with Elite footing specifically formulated to absorb shock to provide a stable, low-impact riding experience. The arena is illuminated by a three-tier window design, flooding the space with natural light, while a heated, elevated viewing room offers a perfect vantage point for guests to observe year-round, in comfort. For outdoor riding, a 120x240 ft arena with excellent drainage provides all-weather access, allowing riders to practice in any season. Additionally, a lush grass field with cross-country-style jumps enhances the training options and encourages riders and horses to explore new terrain and challenges. The property also boasts multiple paddocks, separated by updated fencing, including fresh waterer access and convenient access roads for feeding, as well some wooded trails that can be opened up for scenic rides and endurance training. In addition to its exceptional equestrian facilities, the property offers a range of residential accommodations, making it ideal for family, friends, or staff. The main house, positioned on a gentle hill overlooking the property, features a 4-bedroom, 4-bath Executive Ranch style design with modern upgrades throughout. Vaulted ceilings, an open floor plan, and a full basement with grade-level access create a spacious, comfortable home with spectacular views of the surrounding vistas and pond, which includes a fountain for added ambiance. A secondary house on the property offers four fully renovated apartments in a charming farmhouse style, each with its own deck or private yard space. These apartments provide flexible living arrangements, whether for property managers, trainers, guests, or as rental units for additional income. The estate is completely equipped with essential infrastructure, including four water wells, three septic systems, and a studio apartment within one of the barns, offering living space for staff or guests. Currently operating as a thriving equestrian center, the estate also offers flexibility for alternative uses such as a family compound, wedding venue, restorative retreat, or investment property with potential development options. With a scenic layout designed to be functional yet tranquil, this estate offers endless possibilities for its next owner. With all necessary equipment included in the sale, new owners can seamlessly continue operations or transform this property to suit their vision. Contact us today to explore this unique and breathtaking property and take the first step toward creating your equestrian or personal retreat dream.
Property Information
Lot Size
51 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1987
MLS Number
--
Location
Address
339-345 Jessup Road
City
Florida
State
NY
Zip Code
10921
County
ORANGE (SOUTH)
Listing
Name
Phone
(845) 679-2255
Office Name
Office Phone
(845) 679-2255
Agent Name
Victoria Stent
Agency Phone
(845) 679-2255

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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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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.