During the height of the boom, a number of builder/investors put up ‘spec’ houses (houses without a specific buyer, but built for speculation.) A number of these spec houses are custom crafted with fine detailing, targeted at the upper end second home market. That end of the market here has slowed considerably, and many of these houses haven’t sold. As a result, the builders have slashed prices and many of these houses are some of the best values on the market. The house pictured here, for example, sits on a very private 9 acres west of Roscoe and has 3,825 sq. ft. It was originally priced over $800,000 (which was way too optimistic, even for the boom market) and has now dropped to $499,000. Its an amazing amount of house for the money. Another great spec house deal is a 2,400 sq. ft. house built by Catskill Farms on 8.86 acres near Callicoon Center. Catskill Farms builds finely detailed reproduction farmhouses that are simply beautiful. The asking price on that one is down to $496,000. Click here to see more about both of these houses.
There are a half dozen other custom-quality spec houses in the county that are slowly working their way to ‘great deal’ status but aren’t quite there yet. But overall, buyers in the $450K to $750K range who are looking for a custom crafted larger home may find find the best deal in one of these spec houses. They’re definitely worth a look.