Photo of 50 Drakestown Road, Mount Olive NJ
     
50 Drakestown Road
Mount Olive , NJ 07840
Mount Olive Township
Mount Olive Township
Morris County
Asking Price$2,900,000
Bedrooms10
Full Baths3
Partial Baths0
Acres35.09
Interior Sqft5,900
Age206
HeatingOil
Fireplaces3
Cooling 
WaterPublic
SewerPrivate
Garages2
BasementUnfinished
Taxes (2025)$32,431
PoolIn-Ground Pool
Parking1 Car

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.

Room Sizes

Location


Driving Directions
46W Right onto Drakestown Rd, Turn right into driveway.

Details
Architectural Type - Custom Home, Victorian
Garage(s) - Detached Garage
Parking - 1 Car Width, 2 Car Width, Circular, Paver Block
Pets - Yes
Flooring - Carpeting, Tile, Wood
Basement - Unfinished, Storage Room
Fireplace(s) - Non-Functional, Wood Stove-Freestanding
Interior Features - Beam Ceilings, High Ceilings
Appliances - Carbon Monoxide Detector, Dishwasher
Rooms List - Master Bedroom: Full Bath
Kitchen: Eat-In Kitchen
1st Floor Rooms: 1 Bedroom, Atrium, Dining Room, Great Room, Kitchen, Leisure, Porch
2nd Floor Rooms: 4 Or More Bedrooms, Bath Main
3rd Floor Rooms: 4 Or More Bedrooms, Bath Main
Baths: Stall Shower And Tub
Suite: Bedroom 1, Full Bath

Roofing - Rubberized, Slate
Pool - In-Ground Pool
Lot Features - Corner, Open Lot, Wooded Lot
Exterior Features - Deck, Open Porch(es), Outbuilding(s), Patio, Storage Shed, Workshop, Wood
HOA Frequency - Annually
Community Features - Club House, Pool-Outdoor, Storage
Sewer - Cesspool, Septic
Water - Public Water

Notes
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Assessment : 963500
Latitude : 40.85162
Longitude : -74.80313
EveryHome Number : 011393-22026
Listing Courtesy COLDWELL BANKER REALTY
Zoning Designation