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  • $799,000

    42565 Route 28, Margaretville, NY 12455

    1beds
    1baths
    2,200sqft
    Loading
    Mixed Use
    Built in 2012
    -- sqft lot
    $-- Zestimate®
    $363/sqft
    $-- HOA

    What's special

    A rare opportunity to acquire and reimagine a 23.38-acre Catskills property with approximately 400 yards of private frontage along the East Branch of the Delaware River - an increasingly scarce combination of land, water access, and existing infrastructure. The river is not simply an amenity here, but a defining feature of the landscape, shaping both the setting and the experience. This is a property with the scale and flexibility to support a destination-driven hospitality concept, integrating recreation, food and beverage, event programming, and lodging in one cohesive setting. What makes this offering uniquely compelling is that the groundwork has already been laid. Over 25 years of ownership, the current operators have developed a fully functioning, multi-revenue property that can be continued, expanded, or repositioned over time. The existing operation includes a 9-hole public golf course (par 29, 1,600 yards, designed by Don Josberger), an 18-hole riverside mini-golf course with full night lighting, and a 275-yard floodlit driving range with 10 mat stations, a grass hitting area, and an adjacent practice green. A gambrel-style clubhouse with overhead doors allows for year-round use of the range and indoor/outdoor flexibility in all weather conditions. The property also features an established BBQ restaurant with two elevated decks overlooking the river and surrounding valley, supporting dine-in service, takeout, and catering. A newly built bar is in place, with a liquor license currently in the works. It is well equipped to host events, including weddings, tournaments, private gatherings, and community functions, with established infrastructure, ample parking, and easy circulation throughout the site. A newly built studio apartment provides accommodation for staff or guests. From here, the possibilities are unusually broad. The land and river frontage lend themselves naturally to cabins, glamping, or other small-scale lodging, while the existing restaurant could be elevated into a more design-forward, day-to-night destination. The river itself offers a natural extension of the guest experience, with opportunities for seating, gathering areas, or a more informal bar setting along the water's edge, as well as access to a prized stretch of the East Branch known for its fishing. The open acreage provides ample space for additional recreational or event-based programming - whether through lawn games, court sports, seasonal offerings, or flexible food and beverage concepts such as pop-ups or visiting operators. There is also potential to introduce technology-enhanced golf or simulator-based experiences, building on the existing range infrastructure. Few properties in the region offer this kind of layered, adaptable setting, with the ability to evolve in stages while maintaining an active business from day one. The location further strengthens the offering. Margaretville and the surrounding area are in a period of steady, thoughtful growth, with an emerging mix of food, beverage, and cultural destinations including Mornings, Rae's, Café Marguerite, Oda's Wine Garden, Long Year Gallery, Union Grove Distillery & Arkville Brewstillery, Folsom Point, and The Print House. Within easy reach of Belleayre Mountain and Plattekill, the area attracts a year-round audience drawn by skiing, hiking, fishing, and a growing local scene. For an experienced operator, hospitality group, or investor, this is an opportunity to step into an established platform and shape its next chapter -whether by refining the current business, expanding the guest experience, or repositioning the property over time. The combination of acreage, river frontage, existing revenue streams, and built infrastructure makes this a property that would be difficult to replicate today. A 3D Walkthrough Tour is available in the digital Lookbook or by request.
    103 days
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    423
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    36
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    Zillow last checked:

    Listing updated:

    Listed by:

    Coldwell Banker Village Green 845-679-2255,

    Laura Warren 646-203-9437

    Source: HVCRMLS,MLS#: 20262216MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      Heating
      • Ductless, Electric
      Cooling
      • Ductless
      Appliances
      • Included: Vented Exhaust Fan, Stainless Steel Appliance(s), Refrigerator, Indoor Grill, Ice Maker, Freezer, Free-Standing Gas Range
      Features
      • Flooring: Carpet, Ceramic Tile, Vinyl
      • Has basement: No
      Interior area
      • Total structure area: 2,200
      • Total interior livable area: 2,200 sqft
      • Finished area above ground: 600
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Accessibility
      • Accessibility features: Accessible Elevator Installed
      Features
      • Exterior features: Barbecue, Lighting
      • On waterfront: Yes
      • Waterfront features: River Front
      • Body of water: Delaware River
      • Frontage type: River,See Remarks
      Lot
      • Size: 23.38 Acres
      • Features: Irregular Lot, Level, On Golf Course, Open Lot, Views, See Remarks
      Details
      • Parcel number: 284.120
      • Zoning: BC

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Mixed Use
      Materials
      • Frame, Steel Siding
      • Roof: Metal
      Condition
      • New construction: Yes
      • Year built: 2012

      Utilities & green energy

      • Electric: 200+ Amp Service
      • Sewer: Public Sewer
      • Water: Well
      • Utilities for property: Electricity Connected, Phone Connected, Sewer Connected, Water Connected, Propane

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Other
      Location
      • Region: Margaretville

      Financial & listing details

      • Price per square foot: $363/sqft
      • Tax assessed value: $206,400
      • Annual tax amount: $2,554
      • Date on market: 5/8/2026
      • Listing terms: Cash,Owner May Carry,Private Financing Available
      • Electric utility on property: Yes
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,637/mo

        Price history

        DateEventPrice
        5/8/2026Listed for sale$799,000$363/sqft
        Source: HVCRMLS #20262216 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 12455

        Getting around

        33 / 100
        Car-Dependent
        12 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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