70 98 Ryan Road, Pine Plains, NY, 12567 | $4,500,000

An intoxicating opportunity to own a 343 acre swathe of spectacular farmland, proudly eligible for the National Register of Historic Places, that encompasses several impressive barn structures, plus a fully functioning distillery and tasting room. Dutch's Spirits, on Harvest Homestead Farm, is a distillery with a legacy! Built in 1932 toward the end of the Prohibition Era, it was Dutchess County's largest bootlegging operation, owned and operated by the notorious gangster Dutch Schultz (once played on screen by Dustin Hoffman). Hidden beneath a cow barn in a massive network of underground bunkers and tunnels, the distillery produced Sugar Wash Moonshine, considered the best of the best. By 2020, the newly constructed building integrating that underground complex with a state-of-the-art-distillery, commercial kitchen and tasting room were opened to the public, and the first batch of Sugar Wash Moonshine blended and bottled in Pine Plains, was re-introduced to the masses (legally this time) Other products include bourbon and a variety of bitters. Harvest Homestead Farm has endless potential. Through the years it has been a productive farm raising turkeys, chickens, pigs and cows, potatoes and corn. It's waiting for someone with vision to perhaps keep the distillery and tasting room going, revive it as a full-time farm, or open a sprawling indoor-outdoor event space. The location is superb: the property neighbors the increasingly popular Mashomack Fish & Game Preserve Club, a 1, 900-acre private sporting preserve and social club that offers shooting, polo playing and fine dining. The picturesque hamlet of Pine Plains is within a thirty minute drive to the increasingly hip cultural and dining hubs of Hudson and Rhinebeck and only two short hours to Manhattan.

Features

  • Elevator: Yes
  • Levels: 0
  • Heating: Hot Air
  • Cooling: Yes
  • Units: 2
  • Zoning: H-R
  • Lot Size: 343.4
  • Year Built: 1930
  • Approx Sq. Feet: 7,036
  • Acreage: 343.4
  • MLS#: 155045
  • Days on Market: 42 days
  • Website: https://www.raveis.com
    /prop/155045/7098ryanroad_pineplains_ny?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 Houlihan Lawrence, Inc. - Millbrook

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

70 98 Ryan Road, Pine Plains, NY, 12567

$4,500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,600,000 $3,600,000 $3,600,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.748% 6.474% 6.036%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $20,440 $22,459 $30,136
Total Monthly Payment $20,565 $22,584 $30,261

* 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.