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    • $2,900,000

    50 Drakestown Rd, Mount Olive Twp., NJ 07840

    10beds
    5,900sqft
    : 
    Single Family Residence
    Built in 1820
    35.09 Acres Lot
    $-- Zestimate®
    $492/sqft
    $-- HOA

    What's special

    Victorian mansionRec hallSun deckHot tubExpansive groundsHistoric craftsmanshipVolleyball and shuffleboard courts
    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.
    28 days
    |
    6,611
    |
    370
    |

    Zillow last checked: 18 hours ago

    Listing updated: March 03, 2026 at 01:49pm

    Listed by:

    Jessica Craig 908-310-3356,

    Coldwell Banker Realty,

    Michele Blinn-barreiro

    Source: GSMLS,MLS#: 4011393MLS Logo

    Tour with a local agent

      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

        Not available

        Estimated sales range

        Not available

        $5,341/mo

        Price history

        Price history
        DateEventPrice
        2/25/2026Listed for sale$2,900,000$492/sqft
        Source: GSMLS #4011393 Report a problem

        Public tax history

        Public tax history
        Tax history is unavailable.

        BuyAbility℠ payment

        Est. payment
        $19,305/mo
        Principal & interest
        $14955
        Property taxes
        $4350
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          Climate risks

          Neighborhood: 07840

          Getting around

          15 / 100
          Car-Dependent
          12 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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