866 Mountain Ave, #872, City Not Found (Cairo), CT, 12470 | $2,695,000

Nestled at the base of Blackhead Mountain in the quaint Hamlet of Purling, the Bavarian Manor Hotel is an iconic landmark steeped in European charm and rich history. Originally known as The White Sulphur Springs House in the mid to late 1800s, this enchanting inn gained fame for its refreshing, therapeutic waters, making it a sought-after wellness retreat. Over the years, the property evolved into The Columbian before becoming the legendary Bavarian Manor Inn in 1931, a beloved destination with old-world charm. The Manor currently boasts 18 beautifully appointed vintage hotel rooms, along with a restaurant, bar area, and commercial kitchen. The expansive lobby invites guests into an atmosphere that blends history and comfort. The indoor and large outdoor veranda seating areas, are perfect for hosting events and gatherings, enhancing the guest experience with a touch of European hospitality. An additional third floor offers the exciting potential for more hotel rooms, pending town approval. There is also an attached house with separate entry that boasts wood floors, 5 bedrooms, and 2 baths; and a small solar farm on the property that supplies 50% of the hotel's electricity, reducing operational costs. The property includes a 16-unit waterfront apartment complex, currently fully leased on a month-to-month basis, providing a consistent monthly income. This versatile space could also serve as staff housing, a spa area, or additional accommodations for guests. Set on 116 acres, this unique property features a serene 3+ acre lake perfect for fishing, relaxation, or recreational activities. Outdoor enthusiasts can also enjoy miles of scenic trails that wind throughout the estate. More than just a property; the Bavarian Manor Hotel is a hidden gem in the Catskills that offers endless possibilities. From its rich history, combined with modern amenities, scenic landscapes, multiple operations, to being conveniently located near Windham & Hunter Ski Mtns and recreational areas; the hotel operates year-round, attracting visitors for every season making it an ideal retreat and a thriving business opportunity. Whether you seek to maintain its timeless charm or re-imagine it into a premier spa and wellness retreat or wedding venue and more, this iconic property is ready for its next chapter!

Features

  • Town: City Not Found
  • Bedrooms: 40
  • Baths: 34 full / 4 half
  • Units: 35
  • Year Built: 1864
  • Heating: Base Board,Hot Air
  • Basement: Full,Partial,Slab,Unfinished,Interior Entry
  • Approx Sq. Feet: 35,000
  • Acreage: 116
  • School District: Cairo-Durham
  • MLS#: 154885
  • Days on Market: 24 days
  • Website: https://www.raveis.com
    /prop/154885/866mountainave_citynotfound_ct?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Coldwell Banker Village Green - Catskill

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NMLS Mortgage Loan Originator ID 81725

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Frank.Kolb@raveis.com

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866 Mountain Ave, #872, City Not Found (Cairo), CT, 12470

$2,695,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,156,000 $2,156,000 $2,156,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.955% 6.612% 6.182%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $12,411 $13,627 $18,194
Total Monthly Payment $12,536 $13,752 $18,319

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.