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50 Drakestown Rd

Mount Olive Twp., NJ 07840
  • $2,900,000
  • STATUS: Active
  • ON SITE: 45 Days
  • ID#: 4011393
UPDATED: 37 min ago
$2,900,000
  • 10
    BEDS
  • 35.09
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 5,900
    SQFT
  • $492
    $/SQFT
Type:
Single-Family Home
Built:
1820
County:

School Ratings & Info

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.

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Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-04-12T07:48:49.497.
www.daunnorealty.com/homes/173344176
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50 Drakestown Rd Mount Olive Twp., NJ 07840

  • Price: $2,900,000
  • Status: Active
  • On Site: 45 Days
  • Updated: 37 min ago
  • ID#: 4011393
10
Beds
3
Baths
0
½ Baths
35.09
Acres
5,900
SQFT
$492
$/SQFT
1820
Built
County:
Morris
Area:
Mount Olive Twp.
Property 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.
Exterior Features

Approximate Lot Size 35.09 AC Exterior Description Wood Exterior Features DeckOpen Porch(es)Outbuilding(s)PatioStorage ShedWorkshop Garage Description Detached Garage Lot Description CornerOpen LotWooded Lot Number Of Parking Spaces 20 Parking Driveway Description 1 Car Width2 Car WidthCircularPaver Block Pool Yes Pool Description In-Ground Pool Primary Style Custom Home Roof Description RubberizedSlate Style Custom HomeVictorian

Interior Features

Appliances Carbon Monoxide DetectorDishwasher Basement Yes Basement Description Unfinished Basement Level Rooms Storage Room Cooling See Remarks Dining Area Formal Dining Room Dining Room Level First Family Room Level First Fireplace Description Non-FunctionalWood Stove-Freestanding Flooring CarpetingTileWood Heating See Remarks In Law Suite Description Bedroom 1Full Bath Interior Features Beam CeilingsHigh Ceilings Kitchen Area Eat-In Kitchen Kitchen Level First Level1 Rooms 1BedroomAtriumDiningRmGreatRmKitchenLeisurePorch Level2 Rooms 4 Or More BedroomsBath Main Level3 Rooms 4 Or More BedroomsBath Main Living Room Level First Master Bath Features Stall Shower And Tub Master Bedroom Description Full Bath Number Of Fireplaces 3 Number Of Rooms 15 Other Room1 Atrium Other Room1 Level First Pets Allowed Yes

Property Features

Assessment Total 963500 Association Fee 0 Association Fee Frequency Annually Block Identifier 8300 Building Assessment 663500 Community Living Yes Complex Amenities Club HousePool-OutdoorStorage Easement Unknown Farm Assessment No Fha Age Restricted No Fuel Type Oil Tank Below Ground Handicap Modified No Home Warranty No In Law Suite Yes Land Assessment 300000 Possible Other Uses Business/CommercialHome-OfficeMulti-Family Sewer CesspoolSee RemarksSeptic Sub Property Type Single Family Tax Amount 32431 Tax Rate Amount 3.366 Tax Year 2025 Utilities See Remarks Water Public Water Year Built Description Historical

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of COLDWELL BANKER REALTY: 908-310-3356.


Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-04-12T07:48:49.497.
 
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