3361 Rt-23A, Palenville, NY 12414

Property Description

The Arlington House Circa 1864. As this nation was making its way out of The CIvil War, tourists began making their way to the Catskill Mountains. The hamlet of Palenville, in the town of Catskill, NY is home to the country's first Art Colony. The Hudson River School of painters helped lead that movement to the magic of Upstate that continues today. The Arlington House has been through a few different iterations over its lifespan, but has consistently operated as a boarding house, hotel and residence since its inception. It is rumoured that Mark Twain and his family spent the night here on the way to their legendary summer vacation right up the road in Onteora Park. The current owner grew up in the house and they enjoyed the contribution of the rental apartments. When he took control, he performed a full gut renovation of the main house in 2011 and the apartment building in 2023. There is all new drywall, insulation, plumbing and electric. As well as a new wrap around porch, roof and box gutters. The house was primarily used as a short term rental after the renovation, hosting small weddings, group gatherings and ski trips. The main house has 5 bedrooms and 3 baths, a large open floor plan and parlour that lend themselves to entertaining large groups. There is also a 3rd floor walk up attic that was originally a living space years ago. That has been gutted with electric and plumbing roughed in as the owner was going to finish that as a private space for himself. The separate apartment building has 3 one bedroom units. Two of them are complete and the third unit is ready for you to finish with brand new kitchen cabinets in the boxes and onsite. There is also another space that has electric and plumbing roughed in. It could be used to join to the other downstairs unit, make a laundry room and storage or create a 5th unit with proper permitting from the town. This amazing historic home looks up at the mountains through the Kaaterskill Clove. Surrounded by skiing, hiking, swimming in the nearby creeks, Kaaterskill Falls and North Lake. Only 10 minutes from the villages of Catskill and Saugerties and 20 minutes to Hudson,Amtrak and Woodstock. Palenville is home to the Rip Van Winkle Golf Course, the Circle W Cafe and General Store and The Griffin House, recently taken over by the previous management of Tavern on the Green. The Griffin house is a great pub with small festivals in their beautiful outdoor space overlooking the creek. A bed and breakfast or inn would be a great addition to the town. The Arlington House lends itself to whatever you envision whether it's a single family home with ADU units or strictly an investment property. It has a proven track record as an earner with financials available Cap rate of 6 with potential for 8 with the completion of the 4th unit. Advance notice needed and agent must accompany. Book your showing today.