Home News A 290-Acre Estate in New York’s Hudson Valley Sells for a Record $18.5 Million

A 290-Acre Estate in New York’s Hudson Valley Sells for a Record $18.5 Million

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Wife of the late Susie Welch general electric Chairman and CEO, Inc. Jack Welchsold nearly 290 acres of land in New York’s Hudson Valley for $18.5 million, real estate records show.

The property went public in June for $25 million. The identity of the purchaser could not be determined.

The property, known as Steen Valetje, straddles the border between Red Hook and Rhinebeck, Compass’s Candy Anderson said. The sale is a Dutchess County record, according to Anderson, whose previous record was set in 2011 when he purchased the Millbrook property for $18.375 million.

Mrs. Welch paid out $16.5 million in 2020 from the wealthy. Martin Sosnov says his wife, Toni Sosnov. He reached out to Mrs. Welch for comment, but she did not respond.

Steen Valeche is one of many historic homes once owned in the Hudson Valley. livingston family, also has ties to the Astor and Roosevelt families. Documents from the Franklin D. Roosevelt Presidential Library and Museum show that the property was owned by Laura Astor, a descendant of Livingston, granddaughter of John Jacob Astor, and her husband, President Franklin D. Roosevelt. It was a wedding present for my great uncle, Franklin Hughes Delano. .

2017 Jack and Susie Welch.


Photo:

Andy Kropa/Invision/Associated Press

Built around 1850, the main house is about 16,600 square feet with 10 bedrooms and 16 fireplaces, according to the listing. In the house he has two kitchens (a family kitchen and a catering kitchen) and an elevator to all three floors. Mrs. Welch renovated all the bathrooms and kitchens, restoring original details such as tile floors, moldings, and window and door hardware, Anderson said. The first floor has frescoes on the nearly 18-foot-high ceilings.

In addition to the main building, the grounds are home to numerous annexes, including a gate house, two guest houses, an antique red barn and a carriage house with staff apartments. There is also a pool, tennis courts and numerous gardens. The equestrian facility has eight stables and indoor and outdoor riding rings.

Anderson said the estate had multiple offers. Since the start of her pandemic, she said, “Her interest in Rhinebeck and Red Hook — the Hudson Valley as a whole — has grown incredibly.”

Dutchess County median sales prices were up 9.7% in the second quarter from a year earlier, according to appraisal firm Miller-Samuel. Average price per foot is up 44.2% compared to pre-pandemic levels.

antique red barn
stone gatehouse.
stable.
The property also has two guest houses and a carriage house.

The estate has multiple buildings, including an antique red barn, a stone gate house, stables, and two guest houses. Bailey Rubos/Dronehub Media (4)

Last year, about 11 acres of land in Hyde Park, about nine miles from Rhinebeck, were $45 million.

After Mr. Welch’s death in 2020, Mrs. Welch listed the couple’s apartment on Fifth Avenue in New York City as follows: $25 millionShe bought a nearby townhouse for $22.75 million, records show.

write destination EB Solomonto [email protected]

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