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For Sale

1061 State Route 990V

Gilboa, NY 12076

$1.2M
4 BD · 1 BA · · 1.5 ac · Built 1890
The residence

This approx. 250 acre farm estate has immense potential for its future owner. It is adjacent to a family estate that would allow the next owner to have the distinction of owning a staggering 500+ acre estate, with very few ever reaching the contemporary mountain markets! Only 2.5 hours from NYC, with a variety of agricultural, farming, recreational, residential, and commercial opportunities, this estate includes 2 parcels. This includes the 1.5 acre 4 story post and beam home, gutted and ready for the next owner's creative signature, as well as the approximate 245 acres that is shaped like a bowl from one mountain top, down the valley, and back up to the northern mountainside. The additional 245 acres includes an approx. 6,000 sq. ft. post and beam barn with cow stanchions, hay storage, and a lovely historic 2 floor workshop. The historical agricultural estate without deeded restrictions allows the next owner to design with a blank canvas, encompassing a rich offering of opportunities, with the etherial, fern covered mountain pinnacle, down through the miles of trails to the year-round Manorkill Stream, to the pastural lands on both sides of the river. On the Northern side of the property, where the post and beam home rests with cedar shake under the current siding, the property stretches up the mountain with the potential for a picturesque home site with southern facing views of your own mountain as well as a lovely pond/lake site. The future endeavors are nearly endless, with the opportunity to create agricultural and farming projects, an event center, a private club, or keeping the large tract for generational wealth come to mind. The terrain is dynamic. From the mountain caves and rock outcroppings, natural shelves, down to the Manorkill wetlands and riverine, to the barn, workshop, and home, and back up the other side of the mountain, the next steward of the land will enjoy exploring the natural resources and structures for years. Owning the Manorkill Stream on both sides has its perks: private swimming and fishing holes, where it is not uncommon to see bald eagles, this natural sanctuary is peaceful and serene. Wildlife abounds while traveling the miles of manicured trails, from the mountain pinnacle winding down the ridge with mature oaks, maple, ash, cherry, hickory, along with the sweeping pastures, meadows and fields that meander next to the year-round Manorkill stream. Recreational endeavors include walking/hiking trails, snowshoeing, x-country skiing, hunting, fishing, equestrian and motorized sports. The diverse and dynamic land offers sustainable agricultural and farming opportunities, for gardening, food plots, orchards, as well as livestock and cattle. The development opportunity is very real as well, with major upside for sud-division and lucrative mercantile lumber. Take in the local area, with a short 25 drive to the upgraded Windham Mt. resort, the picturesque town of Schoharie, multiple golf courses. This is truly a once-in-a-lifetime opportunity to own the one awe-inspiring estate, or with the adjacent property for the prestigious title of owning a 500 acres compound!

At a glance
Property type
Status
Active
Year built
1890
Lot size
1.5 acres
MLS#
11850230
Beds · Baths
4 · 1
Location

Gilboa, NY.

Gilboa, New York, is a market our advisors follow closely — its streets, housing stock and setting each shape what a residence here is worth and how it lives day to day. We are glad to walk you through the locale in detail, and how this particular address sits within it.

Estimated Monthly Payment+
$6K/mo
Approximate · principal & interest only
Display Currency
$1.2M

Indicative conversion — settlement always in USD.

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Listing courtesy of Off-Market Consultants · NYSMLS

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Listings updated Jul 1, 2026

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