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Single Family House in Dutchess County
MLS Number938271
Address37 E Market Street, Hyde Park, NY 12538 show map
Price$249,000 show mortgage calculator
Acres1.4300045913682
Bedrooms0
Bathrooms0
Year Built1940
Est. Sq. Footage2956
Elementary SchoolNorth Park Elementary School
Jr High-Middle SchoolHaviland Middle School
High SchoolFranklin D Roosevelt Senior High School
Estimated Taxes$4,011
HOA Fees
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Remarks

Industrial Brooklyn meets Hudson Valley vibe. Once the vital water source for the Town of Hyde Park, the Waterhouse at Crum Elbow drew its supply from the pristine Crum Elbow Creek from 1940 to 1994. The creek ultimately joins its tributary to the Hudson River along the historic Vanderbilt estate grounds. When growing demand outpaced what the plant and supplemental wells could supply, the town transitioned to a newer facility, leaving this remarkable building ready to be reimagined. The driveway is flanked by dramatic natural rock outcroppings. Beyond the structures, the Crum Elbow Creek flows gently, bordered by an elevated embankment etched with more stone formations. The terrain forms a rugged yet serene landscape - layers of stone, water, and elevation - visible through windows throughout, creating a rare blend of industrial character and natural artistry. Three structures rest on the property: the original 1940 brick and timber Waterhouse, a detached masonry one car garage (formally considered a two-car, built in 1960) and a steel tank structure, added in 1970. Best use is in the eye of the beholder. The Waterhouse is serviced by three-phase electric, offering myriad possibilities that could include a recording studio, artisan workshop, gallery space or a distinctive residential conversion. The expansive rear room overlooks the on-site waterfall and contains three additional steel tanks (estimate for removal available.) Towering windows frame idyllic views of the creek and stone outcroppings. Ceiling heights soar, reaching approximately 24 feet in the tank room, inviting the potential for a dramatic two-story design. Neighborhood zoning. (see zoning doc attached to listing) A property with soul, history, and great potential - The Waterhouse at Crum Elbow is ready for its next steward to create something extraordinary. Do you see what I see? Video tour, floor plans and documentation available. Please note: the property spans two segments with a portion located across the street at 16 Church St.

Amenities

Garage, Waterfront

This listing is Courtesy of Coldwell Banker Realty (914-277-5000).

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