$895,000
A rare New York Victorian with a rich, multifaceted story to tell. Formerly operating as a boutique B&B, antique center, and working animal farm, this magnificent Grand Victorian offers impressive square footage and timeless charm. Tucked along a tranquil local road, you get the best of both worlds: complete peace and quiet with downtown amenities just minutes away.
Realtor Comments
The historic house, built 1873 and is plenty big for a very large family, though B&B potential is still there and is waiting for someone to take advantage of it. It also has been smartly designed as two separate residences, each sizable and perfectly independent.
The flexible layout and it’s generous scale allow for various sources of income and a multitude of possible uses. That also includes the cottage, which has all the amenities and has been a popular short-term rental, whether during the prime time or a ski season.
- 6bd
- 4ba
- 5,000sqft
- 1.6 acres
- Circa 1850
- Contact Property Owner: (518) 966-4474
- Google Maps
- Niche
The Pros
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Strategic Capital Region & Catskill Location: Situated roughly 30 minutes south of Albany and 20 minutes from the Hudson River, Greenville provides easy access to state government/tech jobs in the Capital District while offering a gateway to the Northern Catskill Mountains (Windham and Hunter mountain ski resorts).
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Relative Upstate Affordability: With median home prices hovering around $325,000–$375,000, Greenville is significantly more affordable than southern Hudson Valley towns (like Hudson, Rhinebeck, or Beacon) while serving as a attractive price point for primary buyers and vacation rental investors.
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Scenic Rural Landscape & Land Availability: The town features open farm fields, mountain views, and low-density living, offering opportunities to acquire properties with larger acreage, outbuildings, or space for gardening/homesteading.
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Strong Tourism & Short-Term Rental Demand: Proximity to outdoor recreation—skiing, hiking, golf resorts (like Sunny Hill), and wedding venues—creates consistent seasonal demand for short-term and vacation rentals.
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Quiet, Family-Friendly Community: Daily life is peaceful with low crime rates, local community events, and a solid small-town school system (Greenville Central School District).
The Cons
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New York State Tax Burden: Like much of Eastern NY, property taxes (county, town, and school combined) can be steep relative to service levels, impacting net monthly mortgage payments and cash-flow yields.
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Car-Dependent Infrastructure: There is no passenger rail or robust public transit in town. Residents rely on personal vehicles for all errands, commutes, and daily logistics.
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Limited Local Retail & Dining: Outside of a local supermarket, a few diners, and regional service businesses, broad retail, specialized healthcare, and nightlife require driving 25+ minutes toward Catskill, Hudson, or Glenmont/Albany.
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Longer Commutes for Non-Remote Workers: While remote workers thrive here, local high-paying jobs within the town limits are minimal, meaning most working residents commute to Albany or surrounding counties.
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Overcast & Cold Winters: The region experiences classic upstate NY winters with lake-effect cloud cover, sub-freezing temperatures, and substantial snowfall that requires winter-ready equipment and higher heating costs.
1515 Red Mill Rd, Greenville, NY 12083
