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48 Haights Cross Road, Chappaqua, NY 10514

Price: $7,000,000


Note from the broker:

This property hosts a huge one-family 20,000 sq. ft. home on 86 Acres of land. The owner spent $10M on the building and tried to sell the property for $30M before defaulting on the note. In the Town of New Castle, the tax rate is basically 3% of the fair market value. Thus, $8.0M would mean the taxes would be $240K per year.  Right now they are $330K per year.  

Asking price: $6,900,000


More information here.

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