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Susan Maryanski

Operator | Opulent Living | Keller Williams City Life

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50 Drakestown Rd , Mount Olive Twp., NJ 07840
$2,900,000
Est. Payment: $14,758.70/mo
0 Bed
7 Bath
0 Sqft
Status: pending | Days on site: 109
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Susan Maryanski
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House Description

Unique commercially zoned property. 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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Highlights

Listed by JESSICA CRAIG , MP and MICHELE BLINN-BARREIRO , MP COLDWELL BANKER REALTY , 908-879-4900. Garden State MLS

Property Type

Commercial Sale
Lot/Acreage
35.09

Year Built

1820

County

Morris

Listing ID

4006859

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:7
  • ▪ Full Bathrooms:
  • ▪ 1/2 Bathrooms:14
Air Cond:No Cool
Fireplaces:
Floor:Carpeting,Tile,Wood
Basement:Storage,Unfinished
Other:See Remarks

Exterior Features

Lot:Open Lot,Wooded Lot
Lot Dimensions:35.09
Zoning:Commercial
Roof:Flat, Wood Shingle
Others:Composition Shingle
Sewer:Cesspool, Private
Parking Features:1 Car Width,Blacktop,Circular,Paver Block
Principal Interest
$14,759
Taxes
$2,718

Home Price

$2,900,000

Loan Details

30 yrs
6.562%

Down Payment

20%
$580,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$14,758.70

Principal

Taxes

Principal Taxes HOA Total
Monthly $14,758.70 $2,717.83 $0.00 $17,476.54
Yearly $177,104.43 $32,614.00 $0.00 $209,718.43
Total $5,313,132.80 $978,420.00 $0.00 $6,291,552.80

Today's Rates

30 Year

6.56%

20 Year

6.5%

15 Year

6%

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Market insight data is pulled from the same city as the listing being viewed (Mount Olive Twp., NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Garden State MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-07-21T23:37:13.000Z

© 2026 Garden State MLS