50 Drakestown Rd Mount Olive, NJ $ 2,900,000
50 Drakestown Rd
$ 2,900,000
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50 Drakestown Rd

Mount Olive, NJ, 07840
$ 2,900,000
Bedrooms10 Baths3.0 Sq 5,900

Monthly Estimate*

$ 17,856

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Single Family Home for sale in Mount Olive, NJ

for $2,900,000 with 10 bedrooms and 3 full baths. This 5,900 square foot home was built in 1820 on a lot size of 35.09.

Unique Property. Victorian Mansion. 35.09 acres of improved land with an extensive array of existing structures and amenities. Due to Highlands regulations, further subdivision or redevelopment is restricted, making this ideal for a buyer seeking to rehabilitate, restore, or continue use of the existing improvements. At the heart of the property is a Victorian era residence showcasing historic craftsmanship. Home features fireplaces, hardwood flooring, stonework, current permit for 10 furnished rooms in main house. An efficiency apartment in main residence The expansive grounds include several multifamily residential buildings with rental potential, approx 24 one room cabins, and rec hall. The property features sheds, workshops & utility buildings, Additional amenities include designated trailer and RV sites with existing infrastructure, 6 established campsite pads with fire pits. Electric service throughout the grounds supporting a variety of recreational and operational uses including an inground pool with picnic area, hot tub, sun deck, volleyball & shuffleboard courts. The expansive layout and existing features provide flexibility for a variety of permitted uses, The property does require rehabilitation and is best suited for a buyer with vision who understands the value of improving and maintaining existing structures within the Highlands framework. A rare opportunity to acquire a large, improved tract with historic character.

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Single Family Active

Price

$ 2,900,000

Bedrooms

10

Full Bath

3

Property Type

Single Family

Taxes

$ 32,431

Style

Custom Home, Victorian

Lot Size

35.09

Year Built

1820

Town/City

Mount Olive

County/Region

Morris

MLS | Web ID

4011393

Features
Interior
Interior Amenities Beam Ceilings High Ceilings
Basement Unfinished
Flooring Carpeting Tile Wood
Total Fireplaces 3
Fireplace Features Non-Functional Wood Stove-Freestanding
Other Room 1 Level First
Kitchen Level First
Living Room Level First
Dining Room Level First
Family Room Level First
In-Law Suite Yes
Fuel Type Oil Tank Below Ground
Half Baths 0
Total Bedrooms 10
Kitchen Features Eat-In Kitchen
In-Law Suite Description Bedroom 1 Full Bath
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General
Sewer Cesspool See Remarks Septic
Heating See Remarks
Cooling See Remarks
Utilities See Remarks
Possession POT
Roof Rubberized Slate
Appliances Carbon Monoxide Detector Dishwasher
HOA Fee 0
Garage Spaces 2
Architectural Style Custom Home Victorian
Pool Features In-Ground Pool
Pets Allowed Yes
Year Built 1820
Garage Detached Garage
Township Mount Olive Twp.
Tax Year 2025
Ownership Fee Simple
Accessibility No
Assoc Fee Paid Per Annually
County Morris
Association Amenities Club House Pool-Outdoor Storage
Possible Use Business/Commercial Home-Office Multi-Family
Total Rooms 15
Full Baths 3
Status Active
Directions 46W Right onto Drakestown Rd Turn right into driveway.
Open Parking Spaces 20
Tax Annual Amount 32431
Home Warranty Y/N No
Drive 1 Car Width 2 Car Width Circular Paver Block
Standard Status Active
Tax Assessed Value 963500
Town # 2327
Tax Lot 16
Primary Style Custom Home
Sub Property Type Single Family
Community Living Yes
Farm Assessment No
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Exterior
Exterior Amenities Deck Open Porch(es) Outbuilding(s) Patio Storage Shed Workshop
Pool Yes
Lot Features Corner Open Lot Wooded Lot
Water Source Public Water
Exterior Description Wood
Lot Dimensions 35.09 AC
Lot Size Acres 35.09
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* Excluded Features
List By
JESSICA CRAIG

Listing Agent

Coldwell Banker Realty

Broker

jessicacraig@realtyagent.com

Email

Affordability Calculator

$20,558
Per Month
87%
13%
0%
Monthly Principal & Interest
$17,856
Monthly Property Taxes
$2,703
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
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/25/2026$2,900,000 Listed Price

Map


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50 Drakestown Rd, Mount Olive, NJ, 07840 is a Single Family Home for sale at $2,900,000 with 5,900 sqft and a lot size of 35.09. 50 Drakestown Rd has 10 bedrooms, 3.0 baths, and was built in 1820. The property's zip code is 07840 which is in Mount Olive, NJ