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.
Active
$2,900,000
50 Drakestown Rd, Mount Olive Twp., NJ 07840
10beds
5,900sqft
Single Family Residence
Built in 1820
35.09 Acres Lot
$2,715,500 Zestimate®
$492/sqft
$-- HOA
What's special
Victorian mansionRec hallSun deckHot tubExpansive groundsHistoric craftsmanshipVolleyball and shuffleboard courts
- 120 days |
- 1,213 |
- 71 |
Zillow last checked:
Listing updated:
Listed by:
Jessica Craig 908-310-3356,
Coldwell Banker Realty,
Michele Blinn-barreiro
Source: GSMLS,MLS#: 4011393
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Description: Full Bath
Primary bathroom
- Features: Stall Shower And Tub
Dining room
- Features: Formal Dining Room
- Level: First
Family room
- Level: First
Kitchen
- Features: Eat-in Kitchen
- Level: First
Living room
- Level: First
Basement
- Features: Storage Room
Heating
- See Remarks, Oil Tank Below Ground
Cooling
- See Remarks
Appliances
- Included: Carbon Monoxide Detector, Dishwasher
Features
- Beamed Ceilings, High Ceilings, In-Law Floorplan
- Flooring: Carpet, Tile, Wood
- Basement: Yes,Unfinished
- Number of fireplaces: 3
- Fireplace features: Non-Functional, Wood Stove-Freestanding
Interior area
- Total structure area: 5,900
- Total interior livable area: 5,900 sqft
Property
Parking
- Total spaces: 20
- Parking features: 1 Car Width, 2 Car Width, Circular Driveway, Paver Block, Detached Garage
- Garage spaces: 2
- Uncovered spaces: 20
Features
- Patio & porch: Deck, Open Porch(es), Patio
- Has private pool: Yes
- Pool features: Outdoor Pool, In Ground
Lot
- Size: 35.09 Acres
- Dimensions: 35.09 AC
- Features: Corner Lot, Open Lot, Wooded
Details
- Additional structures: Outbuilding, Storage Shed, Workshop
- Parcel number: 2327083000000000160000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Custom Home,Victorian
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Rubber,Slate
Condition
- Year built: 1820
Utilities & green energy
- Sewer: Cesspool, See Remarks, Septic Tank
- Water: Public
- Utilities for property: See Remarks
Community & HOA
Community
- Features: Clubhouse, Storage
- Security: Carbon Monoxide Detector
Location
- Region: Hackettstown
Financial & listing details
- Price per square foot: $492/sqft
- Tax assessed value: $963,500
- Annual tax amount: $32,431
- Date on market: 2/25/2026
- Ownership type: Fee Simple
Estimated market value
$2,715,500
$2.58M - $2.85M
$4,133/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/25/2026 | Listed for sale | $2,900,000$492/sqft |
Source:  GSMLS #4011393 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 07840
Nearby schools
GreatSchools rating
- 7/10Sandshore Road Elementary SchoolGrades: K-5Distance: 1.8 mi
- 6/10Mt Olive Middle SchoolGrades: 6-8Distance: 2.9 mi
- 5/10Mt Olive High SchoolGrades: 9-12Distance: 4.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- New Jersey
- Morris County
- Hackettstown
- 07840
- 50 Drakestown Rd
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