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50 Drakestown Rd,Mount Olive Twp., NJ 07840-5648 | Wright Home Realty

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+01-123-4567

Listing Details

50 Drakestown Rd,Mount Olive Twp., NJ 07840-5648

  • February 25, 2026

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.

Details

Last Updated On: February 25th, 2026 at 7:55 pm
Property ID:PT-41992737-AXZR
Offer Type:For Sale
Property Type:Single Family
Price: 2,900,000 $
Bedrooms:10
Bathrooms:3
Year Built:1820

Additional Details

Listing Details

Status: Active

Location

County: Morris
Lotsize: 35.09 AC
Lot Description: Corner, Open Lot, Wooded Lot
Lot Identifier: 16

Home Details

Total Baths: 3.00
Open Parking: 20
Pool: Yes
Basement: Yes
Exterior Description: Wood
Roof Description: Rubberized, Slate
Garage Description: Detached Garage
Number of Garage Spaces: 2
Style: Custom Home, Victorian
Acreage: 35.09
Appliances: Carbon Monoxide Detector, Dishwasher
Basement Description: Unfinished
Basement Level Rooms: Storage Room
Living Room Level: First
Dining Room Level: First
Kitchen Level: First
Family Room Level: First
Fireplace: Non-Functional, Wood Stove-Freestanding
Flooring: Carpeting, Tile, Wood
Kitchen Area: Eat-In Kitchen
Level 1 Rooms: 1Bedroom,Atrium,DiningRm,GreatRm,Kitchen,Leisure,Porch
Level 2 Rooms: 4 Or More Bedrooms, Bath Main
Master Bedroom Description: Full Bath
Number of Fireplaces: 3
Number of Rooms: 15
Other Room 1: Atrium
YB/Desc: 1820 - Historical
Easement: Unknown
Parking/Driveway Description: 1 Car Width, 2 Car Width, Circular, Paver Block
Primary Style: Custom Home
Block Identifier: 8300
County Number: 23
Town Number: 2327
Possession: POT

Utilities

Heat Source: Oil Tank Below Ground
Water: Public Water
Sewer: Cesspool, Septic

Taxes, Fees & Assessments

Ownership Type: Fee Simple
Tax ID For Property: 2327-08300-0000-00016-0000-
Tax Amount: $32,431.00
Tax Year: 2025
Tax Rate: 3.366%
Tax Rate Year: 2025
Farm Assessment: No
Land Assessment: $300,000.00
Building Assessment: $663,500.00
Total Assessment: $963,500.00
Community Living: Yes
Handicap Modified: No

Features

  • Beam Ceilings
  • Club House
  • Deck
  • High Ceilings
  • Open Porch(es)
  • Outbuilding(s)
  • Patio
  • Pool-Outdoor
  • Storage
  • Storage Shed
  • Workshop

Statistics

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