50 Drakestown Rd

Mount Olive Twp, NJ 07840


 

Price: $2,900,000

GSMLS:  4011393
Type: Single Family
Style: Custom Home
Beds: 10
Baths: 3 Full
Garage: 2-Car
Year Built: 1820
Acres: 35.09
Property Tax: $32,431
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.
Rooms Sizes
Kitchen:
First
Dining Room:
First
Living Room:
First
Family Room:
First
Den:
n/a
Bedroom 1:
n/a
Bedroom 2:
n/a
Bedroom 3:
n/a
Bedroom 4:
n/a
Room Levels
Basement:
Storage Room
Ground:
n/a
Level 1:
1Bedroom,Atrium,DiningRm,GreatRm,Kitchen,Leisure,Porch
Level 2:
4 Or More Bedrooms, Bath Main
Level 3:
4 Or More Bedrooms, Bath Main
Level Other:
n/a
Room Features
Kitchen:
Eat-In Kitchen
Dining Room:
Formal Dining Room
Master Bedroom:
Full Bath
Bath:
Stall Shower And Tub
Interior Features
Square Foot:
5,900
Year Renovated:
n/a
Basement:
Yes - Unfinished
Full Baths:
3
Half Baths:
0
Appliances:
Carbon Monoxide Detector, Dishwasher
Flooring:
Carpeting, Tile, Wood
Fireplaces:
3
Fireplace:
Non-Functional, Wood Stove-Freestanding
Interior:
Beam Ceilings, High Ceilings
Exterior Features
Garage Space:
2-Car
Garage:
Detached Garage
Driveway:
1 Car Width, 2 Car Width, Circular, Paver Block
Roof:
Rubberized, Slate
Exterior:
Wood
Swimming Pool:
Yes
Pool:
In-Ground Pool
Utilities
Heating System:
See Remarks
Heating Source:
Oil Tank Below Ground
Cooling:
See Remarks
Water Heater:
n/a
Water:
Public Water
Sewer:
Cesspool, See Remarks, Septic
Services:
n/a
Lot Features
Acres:
35.09
Lot Dimensions:
n/a
Lot Features:
Corner, Open Lot, Wooded Lot
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Morris
Town:
Mount Olive Twp.
Neighborhood:
n/a
Application Fee:
n/a
Association Fee:
n/a
Fee Includes:
n/a
Amenities:
Club House, Pool-Outdoor, Storage
Pets:
Yes
Financial Considerations
List Price:
$2,900,000
Tax Amount:
$32,431
Land Assessment:
$300,000
Build. Assessment:
$663,500
Total Assessment:
$963,500
Tax Rate:
3.37
Tax Year:
2025
Ownership Type:
Fee Simple
Listing Information
MLS ID:
4011393
List Date:
02-25-2026
Days On Market:
0
Listing Broker:
COLDWELL BANKER REALTY
Listing Agent:
Jessica Craig
 

Request More Information

Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: GlenmontCommons.com


RE/MAX

Town & Valley II

211 Route 10 East
Succasunna, NJ 07876
Office: (973) 598-1008


Shawn and Diane Fox