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$2,900,000
4 Days On Site

50 Drakestown Rd
Mount Olive Twp., NJ 07840

For Sale|Residential|Active
10
Beds
3
Total Baths
3
Full Baths
5,900
SqFt
$492
/SqFt
1820
Built
County:
Morris
Call Now: 201-685-4788
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201-685-4788
50 Drakestown Rd50 Drakestown Rd50 Drakestown Rd50 Drakestown Rd
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Monthly Payment (Est.)

$13,231
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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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Listing Snapshot
Price 
$2,900,000
Days On Site 
4 Days
Bedrooms 
10
Inside Area (SqFt) 
5,900 sqft
Total Baths 
3
Full Baths 
3
Partial Baths 
N/A
Lot Size 
35.09 Acres
Year Built 
1820
MLS® Number 
4011393
Status 
Active
Property Tax 
$32,431
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 days agoListing updated with changes from the MLS®
5 days agoListing first seen on site
General Features
Acres 
35.09
Carport 
20
Garage 
Yes
Garage Spaces 
2
Parking 
Circular DrivewayDetached
Parking Spaces 
20
Pets 
Yes
Sewer 
CesspoolSeptic Tank
SqFt Total 
5900
Style 
Custom Home
Water Source 
Public
Interior Features
Appliances 
Dishwasher
Basement 
Unfinished
Fireplace 
Yes
Fireplaces 
3
Flooring 
CarpetTileWood
Heating 
OilWood Stove
Interior 
Eat-in Kitchen
Dining Room 
Level - FirstDescription - Formal Dining Room
Family Room 
Level - First
Kitchen 
Level - FirstDescription - Eat-In Kitchen
Living Room 
Level - First
Master Bedroom 
Description - Full Bath
Other Room 1 
Level - FirstDescription - Atrium
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Exterior Features
Construction Details 
Wood Siding
Lot Features 
Corner LotWooded
Other Structures 
Workshop
Patio And Porch 
DeckPatio
Pool Features 
In Ground
Roof 
RubberSlate
Community Features
Community Features 
Clubhouse
HOA Fee Frequency 
Annually
Listing courtesy of COLDWELL BANKER REALTY

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. 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. This information is being provided 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 deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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