42565 Route 28 Margaretville, NY $ 799,000
42565 Route 28
$ 799,000
Recently Listed New Construction
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42565 Route 28

Margaretville, NY, 12455
$ 799,000
Bedrooms1 Baths1.0 Sq 2,200

Monthly Estimate*

$ 4,920

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Multi-Family Home for sale in Margaretville, NY

for $799,000 with 1 bedroom and 1 full bath. This 2,200 square foot home was built in 2012 on a lot size of 23.38.

A rare opportunity to acquire and reimagine a 23.38-acre Catskills property with approximately 400 yards of private frontage along the East Branch of the Delaware River - an increasingly scarce combination of land, water access, and existing infrastructure. The river is not simply an amenity here, but a defining feature of the landscape, shaping both the setting and the experience. This is a property with the scale and flexibility to support a destination-driven hospitality concept, integrating recreation, food and beverage, event programming, and lodging in one cohesive setting. What makes this offering uniquely compelling is that the groundwork has already been laid. Over 25 years of ownership, the current operators have developed a fully functioning, multi-revenue property that can be continued, expanded, or repositioned over time. The existing operation includes a 9-hole public golf course (par 29, 1,600 yards, designed by Don Josberger), an 18-hole riverside mini-golf course with full night lighting, and a 275-yard floodlit driving range with 10 mat stations, a grass hitting area, and an adjacent practice green. A gambrel-style clubhouse with overhead doors allows for year-round use of the range and indoor/outdoor flexibility in all weather conditions. The property also features an established BBQ restaurant with two elevated decks overlooking the river and surrounding valley, supporting dine-in service, takeout, and catering. A newly built bar is in place, with a liquor license currently in the works. It is well equipped to host events, including weddings, tournaments, private gatherings, and community functions, with established infrastructure, ample parking, and easy circulation throughout the site. A newly built studio apartment provides accommodation for staff or guests. From here, the possibilities are unusually broad. The land and river frontage lend themselves naturally to cabins, glamping, or other small-scale lodging, while the existing restaurant could be elevated into a more design-forward, day-to-night destination. The river itself offers a natural extension of the guest experience, with opportunities for seating, gathering areas, or a more informal bar setting along the water's edge, as well as access to a prized stretch of the East Branch known for its fishing. The open acreage provides ample space for additional recreational or event-based programming - whether through lawn games, court sports, seasonal offerings, or flexible food and beverage concepts such as pop-ups or visiting operators. There is also potential to introduce technology-enhanced golf or simulator-based experiences, building on the existing range infrastructure. Few properties in the region offer this kind of layered, adaptable setting, with the ability to evolve in stages while maintaining an active business from day one. The location further strengthens the offering. Margaretville and the surrounding area are in a period of steady, thoughtful growth, with an emerging mix of food, beverage, and cultural destinations including Mornings, Rae's, Café Marguerite, Oda's Wine Garden, Long Year Gallery, Union Grove Distillery & Arkville Brewstillery, Folsom Point, and The Print House. Within easy reach of Belleayre Mountain and Plattekill, the area attracts a year-round audience drawn by skiing, hiking, fishing, and a growing local scene. For an experienced operator, hospitality group, or investor, this is an opportunity to step into an established platform and shape its next chapter -whether by refining the current business, expanding the guest experience, or repositioning the property over time. The combination of acreage, river frontage, existing revenue streams, and built infrastructure makes this a property that would be difficult to replicate today. A 3D Walkthrough Tour is available in the digital Lookbook or by request.

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Multi-Family Active

Price

$ 799,000

Bedrooms

1

Full Bath

1

Property Type

Multi-Family

Taxes

$ 2,554

Style

Lot Size

23.38

Year Built

2012

Town/City

Margaretville

County/Region

Delaware

MLS | Web ID

20262216

Features
General
Sewer Public Sewer
Heating Ductless Electric
Cooling Ductless
Utilities Electricity Connected Phone Connected Sewer Connected Water Connected Propane
Possession Close Of Escrow
Roof Metal
Appliances Vented Exhaust Fan Stainless Steel Appliance(s) Refrigerator Indoor Grill Ice Maker Freezer Free-Standing Gas Range
Zoning BC
Security Features Carbon Monoxide Detector(s) Smoke Detector(s) Other
Construction Materials Frame Steel Siding
Year Built 2012
Electric 200+ Amp Service
Township Middletown
Property Subtype Single Family Residence
Waterfront Features River Front
Accessibility Accessible Elevator Installed
County Delaware
New Construction true true
Property Type Residential Income
Status Active
City Margaretville
Body of Water Delaware River
High School District Margaretville Central Schools
Number Of Units Total 1
MLS Area Middletown
Lot Size Units Acres
Lot Size Square Feet 1018432.8
Tax Annual Amount 2554
MLS Area Minor Middletown
Virtual Tour https://my.matterport.com/show/?m=Dvu6qHgtApb&brand=0&help=1&nt=1
Structure Type Mixed Use
Standard Status Active
Tax Assessed Value 206400
Tax Lot 20
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Interior
Flooring Carpet Ceramic Tile Vinyl
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Above Grade Finished Area 600
Total Bedrooms 1
Below Grade Finished Area 0
Total Baths 1
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Exterior
Exterior Amenities Barbecue Lighting
Lot Features Irregular Lot Level On Golf Course Open Lot Views See Remarks
Water Source Well
Lot Size Area 23.38
Building Area Total 2200
Lot Size Acres 23.38
Road Surface Type Asphalt
Frontage Type River See Remarks
Waterfront Y/N true
Road Frontage Type State Road
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* Excluded Features
List By
Laura Warren

Listing Agent

Coldwell Banker Village Green

Broker

laurawarren.realtor@gmail.com

Email

Affordability Calculator

$5,132
Per Month
96%
4%
0%
Monthly Principal & Interest
$4,920
Monthly Property Taxes
$213
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
0 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/8/2026$799,000 Listed Price

Map


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42565 Route 28, Margaretville, NY, 12455 is a Multi-Family Home for sale at $799,000 with 2,200 sqft and a lot size of 23.38. 42565 Route 28 has 1 bedrooms, 1.0 baths, and was built in 2012. The property's zip code is 12455 which is in Margaretville, NY