Welcome to luxury new construction in one of Rye's most sought-after neighborhoods. Meticulously designed and custom built by The Red Diamond Group, this ~4,525 SF residence delivers an exceptional blend of classic elegance and modern functionality — with every detail thoughtfully considered and no expense spared.
A grand two-story foyer with 20+ foot ceilings, intricate custom paneling, and crown molding throughout makes an immediate impression. The open-concept main level flows beneath 10-foot ceilings and is ideal for both everyday living and sophisticated entertaining, with an attached two-car garage completing the package.
At the heart of the home, the chef's kitchen showcases locally crafted custom cabinetry, a stunning 10-foot Taj Mahal Quartzite island with double waterfall edge, two built-in refrigerator drawers, a 48" Wolf Range, and a 48" panel-ready Fisher & Paykel refrigerator. A 16-foot Pella sliding glass door connects the dining area to ~500 square foot Trex deck for seamless indoor-outdoor living. The dining room features a custom built-in coffee bar with beverage refrigerator, and the adjacent living room is anchored by a 72" linear fireplace finished in matching Taj Mahal Quartzite.
The upper-level primary suite occupies its own private wing with two walk-in closets and a spa-like ensuite featuring a freestanding soaking tub and rain-head shower. Three additional bedrooms each offer direct bathroom access via two well-appointed full baths.
The walk-out lower level includes a finished home theater, flexible 6th bedroom/gym/office, and private guest suite — opening to a covered patio and professionally landscaped yard surrounded by Green Giant Evergreens for maximum privacy.
Premium systems & finishes include: 5" Select White Oak Hardwood · Hydro-forced hot-air HVAC with 3 units & 4 zones (dedicated zone for primary suite) · Navien gas boiler with indirect hot water tank · Full smart-home integration with keypad alarm, security cameras & Sonos audio · 4" LED recessed lighting · 200-amp electrical panel · Pella Lifestyle Series windows with SDL grilles · Arctic White James Hardie lap & shake siding · Comprehensive custom millwork package with bespoke built-ins, vanities & closet systems
Walk to Osborn Elementary, Rye Middle, and Rye High School. ~40 minutes to Grand Central. Privacy, luxury, and convenience — perfectly delivered.
Pending
$4,295,000
50 Franklin Avenue, Rye, NY 10580
6beds
4,525sqft
Single Family Residence, Residential
Built in 2025
10,019 Square Feet Lot
$-- Zestimate®
$949/sqft
$-- HOA
What's special
- 41 days |
- 185 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
R2M Realty Inc 845-358-2000,
Kory Borenkoff 845-709-9722
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 000072
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Bedroom 1
- Level: Second
Bedroom 2
- Level: Second
Bedroom 3
- Level: Second
Bedroom 4
- Level: Second
Bedroom 5
- Level: Lower
Bathroom 1
- Level: First
Bathroom 2
- Level: Second
Bathroom 3
- Level: Second
Bathroom 4
- Level: Second
Bathroom 5
- Level: Lower
Other
- Level: Lower
Bonus room
- Level: Lower
Den
- Level: First
Dining room
- Level: First
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Convection Oven, Cooktop, Dishwasher, Dryer, Electric Oven, ENERGY STAR Qualified Appliances, Freezer, Gas Cooktop, Gas Range, Microwave, Oven, Refrigerator, Stainless Steel Appliance(s), Washer, Indirect Water Heater, Wine Refrigerator
- Laundry: Washer/Dryer Hookup, Gas Dryer Hookup, Inside, Laundry Room, Washer Hookup
Features
- Breakfast Bar, Built-in Features, Chandelier, Chefs Kitchen, Crown Molding, Double Vanity, Dry Bar, Eat-in Kitchen, Entertainment Cabinets, Entrance Foyer, Formal Dining, High Ceilings, High Speed Internet, His and Hers Closets, In-Law Floorplan, Kitchen Island, Natural Woodwork, Open Floorplan, Open Kitchen, Primary Bathroom, Quartz/Quartzite Counters, Recessed Lighting, Smart Thermostat, Soaking Tub, Sound System, Speakers, Storage, Tray Ceiling(s), Walk-In Closet(s), Whole House Entertainment System, Wired for Sound
- Flooring: Hardwood
- Doors: ENERGY STAR Qualified Doors
- Basement: Finished,Full,See Remarks,Storage Space,Walk-Out Access
- Attic: Pull Stairs
- Number of fireplaces: 2
- Fireplace features: Basement, Electric, Gas, Living Room
Interior area
- Total structure area: 4,525
- Total interior livable area: 4,525 sqft
Property
Parking
- Total spaces: 8
- Parking features: Driveway, Garage, Garage Door Opener
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
Lot
- Size: 10,019 Square Feet
Details
- Parcel number: 1400146018000020000004
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence, Residential
Materials
- HardiPlank Type, Shake Siding, Stucco
Condition
- New Construction
- New construction: Yes
- Year built: 2025
- Major remodel year: 2025
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
Community & HOA
Community
- Subdivision: Rye Gardens
HOA
- Has HOA: No
Location
- Region: Rye
Financial & listing details
- Price per square foot: $949/sqft
- Tax assessed value: $16,900
- Date on market: 5/15/2026
- Cumulative days on market: 250 days
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2026 | Pending sale | $4,295,000$949/sqft |
Source:  OneKey® MLS as distributed by MLS GRID #000072 Report a problem | ||
| 5/16/2026 | Listing removed | $4,295,000$949/sqft |
Source: OneKey® MLS as distributed by MLS GRID #000072 Report a problem | ||
| 5/15/2026 | Listed for sale | $4,295,000-1.8%$949/sqft |
Source: OneKey® MLS as distributed by MLS GRID #000072 Report a problem | ||
| 5/14/2026 | Listing removed | $4,375,000$967/sqft |
Source: OneKey® MLS as distributed by MLS GRID #929454 Report a problem | ||
| 3/30/2026 | Pending sale | $4,375,000$967/sqft |
Source: OneKey® MLS as distributed by MLS GRID #929454 Report a problem | ||
| 1/6/2026 | Listed for sale | $4,375,000-2.7%$967/sqft |
Source: OneKey® MLS as distributed by MLS GRID #929454 Report a problem | ||
| 12/24/2025 | Listing removed | $4,495,000$993/sqft |
Source: OneKey® MLS as distributed by MLS GRID #929454 Report a problem | ||
| 10/28/2025 | Listed for sale | $4,495,000$993/sqft |
Source: OneKey® MLS as distributed by MLS GRID #929454 Report a problem | ||
| 10/28/2025 | Listing removed | $4,495,000$993/sqft |
Source: OneKey® MLS as distributed by MLS GRID #899297 Report a problem | ||
| 8/8/2025 | Listed for sale | $4,495,000+187.7%$993/sqft |
Source: OneKey® MLS as distributed by MLS GRID #899297 Report a problem | ||
| 5/23/2024 | Sold | $1,562,500+12%$345/sqft |
Source: OneKey® MLS as distributed by MLS GRID #H6285319 Report a problem | ||
| 2/4/2024 | Pending sale | $1,395,000$308/sqft |
Source: OneKey® MLS as distributed by MLS GRID #H6285319 Report a problem | ||
| 1/25/2024 | Listed for sale | $1,395,000$308/sqft |
Source: OneKey® MLS as distributed by MLS GRID #H6285319 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $16,900 |
| 2024 | -- | $16,900 |
| 2023 | -- | $16,900 |
| 2022 | -- | $16,900 |
| 2021 | -- | $16,900 |
| 2020 | -- | $16,900 |
| 2019 | -- | $16,900 |
| 2018 | -- | $16,900 -2.9% |
| 2017 | -- | $17,400 |
| 2016 | -- | $17,400 |
| 2015 | -- | $17,400 -9.4% |
| 2014 | -- | $19,200 |
| 2013 | -- | $19,200 |
| 2012 | -- | $19,200 -15% |
| 2011 | -- | $22,600 -3.4% |
| 2010 | -- | $23,400 |
| 2009 | -- | $23,400 |
| 2008 | -- | $23,400 |
| 2007 | -- | $23,400 |
| 2006 | -- | $23,400 |
| 2005 | -- | $23,400 |
| 2004 | -- | $23,400 |
| 2003 | -- | $23,400 |
| 2002 | -- | $23,400 |
| 2001 | -- | $23,400 |
| 2000 | -- | $23,400 |
| 1999 | -- | $23,400 |
Find assessor info on the county website
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.
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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 10580
Nearby schools
GreatSchools rating
- 7/10Midland SchoolGrades: K-5Distance: 1.2 mi
- 8/10Rye Middle SchoolGrades: 6-8Distance: 0.7 mi
- 10/10Rye High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Osborn
- Middle: Rye Middle School
- High: Rye High School
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- New York
- Westchester County
- Rye
- 10580
- 50 Franklin Avenue
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