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$4,375,000
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Property Description
Welcome to your luxury new-construction home at 50 Franklin Avenue in highly sought-after Rye Gardens. Meticulously designed and custom built by The Red Diamond Group, this ~4,525-square-foot residence offers an exceptional blend of classic elegance and modern functionality. An open-concept layout with soaring 10-foot ceilings on the main level creates an ideal setting for both everyday living and sophisticated entertaining. The home features an attached two-car garage and a grand two-story foyer with 20+ foot ceilings, intricate custom paneling, and crown molding throughout. At the heart of the home is a chef's kitchen featuring locally crafted custom cabinetry, a stunning 10-foot Taj Mahal Quartzite Island with a double waterfall edge, and two built-in refrigerator drawers for beverages and additional storage. Professional-grade appliances include a 48-inch Wolf Range and a 48-inch panel-ready Fisher & Paykel Refrigerator. A 16-foot Pella sliding glass door seamlessly connects the dining area to an ~500-square-foot Trex deck, creating an ideal indoor-outdoor entertaining space. The dining room features a custom built-in coffee bar with an additional beverage refrigerator. Anchoring the adjacent living room is a 72-inch linear fireplace finished in matching Taj Mahal Quartzite. The primary suite occupies its own private wing on the upper level and includes two walk-in closets and a spa-like ensuite bath with a freestanding soaking tub and rain-head shower. Also on the upper level are three additional spacious bedrooms and two additional bathrooms, with each bedroom offering direct access to a bathroom. The walk-out lower level includes a finished movie theater, a flexible sixth bedroom or gym/office, and a private guest suite. This level opens to a covered patio and a professionally landscaped private yard surrounded by Green Giant Evergreens. Built with premium materials and systems throughout, the home features a hydro-forced hot-air HVAC system with three units and four zones-one for each floor plus a dedicated zone for the primary suite-as well as a Navien gas boiler with an indirect hot water tank. Interior finishes include 5-inch select white oak hardwood flooring throughout and a comprehensive custom millwork package with bespoke cabinetry for built-ins, vanities, and walk-in closets. The home is fully wired for smart-home functionality and includes a keypad alarm, security cameras, Sonos speakers, and 4-inch LED recessed lighting, all powered by a 200-amp electrical panel. Additional features include Pella Lifestyle Series Windows with SDL grilles for energy efficiency and timeless style, and an exterior finished in Arctic White James Hardie lap and shake siding. Located just a short walk to Osborn Elementary, Rye Middle School, and Rye High School, and approximately 40 minutes by train to Grand Central, this property offers the perfect combination of privacy, luxury, and convenience in one of Rye's most desirable neighborhoods
Full Property Details
Full Property Details for 50 Franklin Ave
General
- Price: $4,375,000
- Status: Active
- Type: Single Family
- Source: Long_Island
- MLS ID: 929454
- Updated: 1/5/2026
- Added to Site: 79 day(s) ago
Interior
- Number of Rooms: 18
- Interior Features: Breakfast Bar, Built-in Features, Chandelier, Chefs Kitchen, Crown Molding, Double Vanity, Dry Bar, Eat-in Kitchen, ENERGY STAR Qualified Door(s), Entertainment Cabinets, Entrance Foyer, Formal Dining, High Ceilings, High Speed Internet, His and Hers Closets, In-Law Floorplan, Kitchen Island, Natural Woodwork, Open Floorplan, Open Kitchen, Primary Bathroom, Quartz/Quartzite Counters, Recessed Lighting, Smart Thermostat, Soaking Tub, Sound System, Speakers, Storage, Tray Ceiling(s), Walk-In Closet(s), Washer/Dryer Hookup, Whole House Entertainment System, Wired for Sound
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Basement, Electric, Gas, Living Room
- Appliances: Convection Oven, Cooktop, Dishwasher, Dryer, Electric Oven, ENERGY STAR Qualified Appliances, Freezer, Gas Cooktop, Gas Range, Microwave, Oven, Refrigerator, Stainless Steel Appliance(s), Washer, Indirect Water Heater, Wine Refrigerator
- Laundry Facilities: Yes
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 4
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Gas Dryer Hookup, Inside, Laundry Room, Washer Hookup
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 8
- Parking Features: Driveway, Garage, Garage Door Opener
Location
- County: Westchester County
- Subdivision: Rye Gardens
School Information
- High School District: Rye City
- Elementary School: Osborn
- Middle School: Rye Middle School
- High School: Rye High School
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
- Heating Zones: 4
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
Structural Information
- Architectural Style: Colonial
- Detached/Attached: Detached
- Construction: HardiPlank Type, Shake Siding, Stucco
- Basement: Yes
- Basement Desc.: Finished, Full Basement, See Remarks, Storage Space, Walk-Out Access
- Building Size: 4525
- Square Feet: 4,525
- Sq. Ft. Source: Plans
- Year Built: 2025
Lot Features
- Lot Size (Acres): 0.23
- Lot Size (Sq. Ft.): 10,019
Disclosures and Reports
- Special Conditions: None
- Property ID: 1400-146-018-00002-000-0004
- Block: 2
- Lot Number: 4
Listed by R2M Realty Inc
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Schools
Schools serving 50 Franklin Ave
School District:Rye City School District
| Name | Grades | Distance |
|---|---|---|
Rye Middle School Parsons Street, Rye, NY 10580 | 6-8 | 0.7 mi |
Rye High School Parsons Street, Rye, NY 10580 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 50 Franklin Ave
Date
Details
Price
Change
Source
1/05/2026
Price Reduced
$4,375,000
-2.67%
MLS
10/28/2025
Listed
$4,495,000
187.68%
MLS
5/23/2024
Sold
$1,562,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 50 Franklin Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
$16,900
—
2020
-100%
$16,900
—
2020
$17,494
139%
$16,900
—
2018
$7,318
14%
$16,900
-3%
2017
$6,403
-10%
$17,400
—
2016
$7,119
9%
$17,400
-9%
2015
$6,528
5%
$19,200
—
2013
$6,196
—
$19,200
—
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 Franklin Ave
50 Franklin Avenue, Rye, NY 10580 (MLS# 929454) is a Single Family property with 6 bedrooms, 4 full bathrooms and 1 partial bathroom. 50 Franklin Avenue is currently listed for $4,375,000 and was received on October 28, 2025. Want to learn more about 50 Franklin Avenue? Do you have questions about finding other Single Family real estate for sale in Rye? You can browse all Rye real estate or contact a Coldwell Banker agent to request more information.
