$2,900,000

50 Drakestown Rd, Mount Olive Twp., NJ 07840

  • 10 beds |
  • 3 baths |
  • 5,900 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1820
  • Property Lot Size Icon35.09acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $492/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Unique Property. Victorian Mansion. 35.09 acres of improved land with an extensive array of existing structures and amenities. Due to Highlands regulations, further subdivision or redevelopment is restricted, making this ideal for a buyer seeking to rehabilitate, restore, or continue use of the existing improvements. At the heart of the property is a Victorian era residence showcasing historic craftsmanship. Home features fireplaces, hardwood flooring, stonework, current permit for 10 furnished rooms in main house. An efficiency apartment in main residence The expansive grounds include several multifamily residential buildings with rental potential, approx 24 one room cabins, and rec hall. The property features sheds, workshops & utility buildings, Additional amenities include designated trailer and RV sites with existing infrastructure, 6 established campsite pads with fire pits. Electric service throughout the grounds supporting a variety of recreational and operational uses including an inground pool with picnic area, hot tub, sun deck, volleyball & shuffleboard courts. The expansive layout and existing features provide flexibility for a variety of permitted uses, The property does require rehabilitation and is best suited for a buyer with vision who understands the value of improving and maintaining existing structures within the Highlands framework. A rare opportunity to acquire a large, improved tract with historic character.

Listing Status:
Active
Data Last Updated:
April 4, 2026 at 6:40AM
Listing Office:
COLDWELL BANKER REALTY : 908-879-4900
MLS ID:
4011393
  • General: Beam CeilingsHigh Ceilings
  • Master Bedroom: Full Bath
  • Master Bath: Stall Shower And Tub
  • Kitchen: Eat-In Kitchen
  • Appliances: Carbon Monoxide DetectorDishwasher
  • Dining: Formal Dining Room
  • Basement: Unfinished
  • Flooring: CarpetingTileWood
  • A/C: See Remarks
  • Heating: See RemarksOil Tank Below Ground
  • Fireplace: Non-FunctionalWood Stove-FreestandingFireplaces: 3
  • Disability Feature: None
  • General: WoodDeckOpen Porch(es)Outbuilding(s)PatioStorage ShedWorkshop
  • Style: Custom HomeVictorian
  • Pool: In-Ground Pool
  • Parking: Parking spaces: 20
  • Roofing: RubberizedSlate
  • HOA Amenities: Club HousePool-OutdoorStorage0.0Annually
  • County: Morris
  • Driveway: 1 Car Width2 Car WidthCircularPaver Block
  • Zoning: 2327-08300-0000-00016-0000-
  • Utilities: See Remarks
  • Water: Public Water
  • Sewer: CesspoolSee RemarksSeptic

This listing courtesy of COLDWELL BANKER REALTY

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Sandshore Rd. Elementary School

498 Sand Shore Rd, Budd Lake, NJ, 07828

Grades KG-5

1.74 miles away

M

Mount Olive Middle School

160 Wolfe Rd, Budd Lake, NJ, 07828

Grades 6-8

2.83 miles away

M

Mount Olive High School

18 Corey Rd, Flanders, NJ, 07836

Grades 9-12

4.64 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.