Once upon a time, a time not so long ago, a wealthy whiz of a currency trader fell in love with a sleepy little hamlet, a little down on its feels, in northern Sullivan County. The currency trader was Andy Krieger and the little hamlet was Livingston Manor, at the gateway to the Catskill Park. Andy had a dream of turning around the little hamlet, and building a small upscale resort along its southern flank. Over a number of years, starting in the early 2000's, he bought up a big swath of Main Street, refurbishing old buildings and kickstarting some businesses. He also pieced together a land holding south of town that totaled about 900 acres, completed a stunning renovation on a large 1950's era house and unveiled plans for the upscale resort.
Andy's dream came tumbling down in the recession, and over the last few years Andy lost control of all of his Livingston Manor properties in a series of foreclosure and judicial actions. The jewel in the crown, the large acreage and homes south of town, recently came to market. There are six separate listings that include two houses and a total of 894 acres.
The two houses and 506 acres are west of Shandelee Road, and afford spectacular views from the upper fields and ridge lines. Together the 4 listings that make up this section have a total asking price of $4.479M. (The listing for the main house alone on 55 acres has an asking price of $1.1M.)
There are two listings for a total of 388 acres on the east side of Shandelee Road, a significant holding on its own, but with less spectacular views. The total asking price for these two parcels is $1.1M.
The total asking price for the whole shebang — 894 acres and two houses — is $5,579,000. Backing out the value of the houses, that pencils out to about $5300 an acre.That may seem pricey on a per acre basis, but this size of holding is very, very rarely available. There are usually a couple of two or three hundred acre properties on the market, but seldom anything approaching 900 acres. Smaller, individual parcels are available, ranging from the main house on 55 acres, up to 155 acres, but the uniqueness of this is the entire 894 acres together. The least expensive piece is 97.8 acres for $300K; the most expensive, 134 acres at $1.53M.
Here's a link to the 6 listings, if you want to check them out.