Date
Details
Price
Change
Source
2/25/2026
Listed
$2,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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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.
Full Property Details
Full Property Details for 50 Drakestown Rd
General
- Price: $2,900,000
- Taxes: $32,431 (2025)
- Status: Active
- Type: Single Family
- Source: Garden_State
- MLS ID: 4011393
- Updated: Today (2/25/2026)
- Added to Site: Today
Interior
- Number of Rooms: 15
- 3rd Floor/Level 3: 4 Or More Bedrooms, Bath Main
- 2nd Floor/Level 2: 4 Or More Bedrooms, Bath Main
- 1st Floor/Level 1: Bedroom 1, Atrium, Dining Room, Great Room, Kitchen, Leisure, Porch
- Lower Level: Storage Room
- Interior Features: Beam Ceilings, High Ceilings
- Number of Fireplaces: 3
- Fireplace(s): Non-Functional, Wood Stove-Freestanding
- Appliances: Carbon Monoxide Detector, Dishwasher
- Flooring: Carpeting, Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 10
- Primary Bedroom: Full Bath
Other Rooms
- Living Room: First
- Family Room: First
- Kitchen: Eat-In Kitchen, First
- Dining Room: Formal Dining Room, First
- Atrium: First
- In-Law/Au Pair Suite: Yes
- Suite: Bedroom 1, Full Bath
Additional Information
- Shared Amenities: Club House, Pool-Outdoor, Storage Area
- Pool: Yes
- Pool Description: In-Ground Pool
Exterior
- Exterior Features: Deck, Open Porch(es), Outbuilding(s), Patio, Storage Shed, Workshop
Parking
- Garage: Yes
- Garage Spaces: 2
- Uncovered Spaces: 20
- Garage Description: Detached Garage
Location
- County: Morris
- Driving Directions: 46W Right onto Drakestown Rd, Turn right into driveway.
Community
- Community Living: Yes
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: See Remarks
- Heating Fuel: Oil Tank Below Ground
Utilities
- Sewer: Cesspool, See Remarks, Septic
- Water: Public Water
- Utility Description: See Remarks
Structural Information
- Architectural Style: Custom Home, Victorian, Custom Home
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Rubberized, Slate/Imitation Slate
- Square Feet: 5,900
- Additional Use: Business/Commercial, Home-Office, Multi-Family
- Year Built: 1820
Lot Features
- Lot Size (Acres): 35.09
- Lot Size: 35.09 AC
- Driveway/Sidewalk: 1 Car Width, 2 Car Width, Circular, Paver Block
- Lot Description: Corner, Open Lot, Wooded Lot
Financial Considerations
- Assoc Fee Freq.: Annually
- Assessment Amount: $963,500
- Land Assmt: $300,000
- Tax Amount: $32,431
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- APN: 2327-08300-0000-00016-0000-
- Block: 8300
- Lot Number: 16
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Meet the listing agents
Meet the listing agents
— 50 Drakestown Rd —
(908) 310-3356 direct
(908) 310-9164 direct
NMLS#: 1598647Get Pre-Approved Today
Price & Sales History for 50 Drakestown Rd
Tax History
Tax History for 50 Drakestown Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$129
7%
$3,800
—
2023
$121
-2%
$3,800
—
2022
$124
—
$3,800
—
2021
$124
—
$3,800
-3%
2021
$124
-9%
$3,900
-7%
2018
$137
1%
$4,200
—
2017
$135
3%
$4,200
—
2016
$131
1%
$4,200
—
2015
$130
-6%
$4,200
—
2019
$139
8%
$4,200
—
2013
$129
—
$4,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 50 Drakestown Rd
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50 Drakestown Rd, Mount Olive, NJ 07840 (MLS# 4011393) is a Single Family property with 10 bedrooms and 3 full bathrooms. 50 Drakestown Rd is currently listed for $2,900,000 and was received on February 25, 2026. This property is listed by Jessica Craig from our Chester Office.Want to learn more about 50 Drakestown Rd? Do you have questions about finding other Single Family real estate for sale in Mount Olive? You can browse all Mount Olive real estate or contact a Coldwell Banker agent to request more information.