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509 Boy Scout Rd
Maryland, NY 12116
John Myers with WHITETAIL PROPERTIES REAL ESTATE LLC (NY), original listing - (217) 285-9000
$6,900,000
Conventional
Property
Bedroom
--
Bathroom
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Property Type
Conventional
Square ft
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Property Description
Rare opportunity to own a large, former Scout Camp with a 60+/- lake, with extensive infrastructure surrounded by pristine woodlands, and bordering an additional 423 acres of NYS Forest with 1.5 miles of water frontage on the Susquehanna River, all within 12 miles to the world renowned Cooperstown. There are many possible options for this property: new camp operation, private estate, corporate retreat, restaurant/spa, and/or development of vacation or year round homes in an outstanding natural setting. Along with an extensive camp facility infrastructure, including dozens of buildings and accessory structures, the highlight of this property is the newly constructed 10,000 square foot Dining Hall, seats 290 guests, offices, commercial kitchen and overlooks Crumhorn Lake. There are numerous sleeping facilities as well as other ancillary buildings and activity areas comprising the bulk of the rest of the campus, which combined can currently accommodate 525 overnight guests. In addition to the 60+ acre, stocked Crumhorn Lake, which provides boating, fishing and swimming activities, there are 6.2 miles of groomed trails providing extensive access throughout the property for hiking or ATVs for viewing nature and enjoying the pristine natural setting. This property offers a significant timber resource, with only a very limited harvest last taken in 2017, there are approximately 525 acres of a mix of hardwoods (mostly oak, then maple, cherry, beech) along with white pine and hemlock, with both mature trees as well as future timber income potential. The property also borders the Susquehanna State Forest providing an additional 423 acres with access to ~1.5 miles of frontage on the Susquehanna River - offering additional hunting, hiking, boating and fishing opportunities. In addition, there is an existing cell tower that is leased on the property, in year 2 of a 5 year self-renewing lease, which provides an annual income of $47-$48,000. Steeped in history and legend of the Leatherstocking Region and James Fenimore Cooper, the property is located only 12 miles from Cooperstown, with its many attractions, restaurants, championship golf course and major tourist destinations, including the National Baseball Hall of Fame, Fenimore Art Museum, NYS Historical Society, Glimmerglass Theater, NYS Farmer's Museum and Omegang Brewery. The property also benefits from 2.6 miles of road frontage, well drained terrain, and multiple access points which enhances the future development potential of the property, particularly around the central, more level part of the property. While located in a private area tucked away on top of a hilltop, there is easy driving access to the property from Interstate 88, just 7.8 miles from exit 18 coming from Albany or 8 miles from exit 17 in Colliersville coming from Binghamton. Amenities are close by with Milford less than five miles away, and Oneonta within a half hour. Accessible from NYC/George Washington Bridge with a 3 hour and 20 minute drive.
Property Information
Lot Size
668 acre(s) square ft
Property Type
Land-Other
Year Built
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MLS Number
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Location
Address
509 Boy Scout Rd
City
Maryland
State
NY
Zip Code
12116
County
OTSEGO
Listing
Provider
WHITETAIL PROPERTIES REAL ESTATE LLC (NY), original listing
Name
Phone
(217) 285-9000
Office Name
Office Phone
(217) 285-9000
Agent Name
John Myers
Agency Phone
(217) 285-9000

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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.