This Bronx Estate Can be Yours for $5.9 Million

Want a beautiful estate overlooking the Hudson River and the Palisades but don’t want to leave New York City?

Well then The Bronx is just that place. Riverdale to be exact.

While many people do not associate such types of homes and neighborhoods with our borough, the fact is that Riverdale, Spuyten Duyvil, and Fieldston tucked away in the northwest corner of our borough is indeed The Bronx.

5501 Palisade Avenue in the Estate Area of Riverdale is currently on the market for $5,900,000 and is currently the most expensive single family home on the market.

That does look like a sweet property. Personally, I wouldn’t subdivide it.

Honestly just looking at the listing you can see why they’re asking a pretty penny for this home with stunning views of the Hudson and Palisades and in the area of social distancing, 1.69 acres of land helps keep the neighbors at bay and give you more than 6 feet distance from any visitor you may entertain on your property.

So what do you get for this price tag besides the views?

This 3,387 square foot Greek-revival home comes with 6 bedrooms, 5.5 bathrooms, 2 fireplaces set on a generous 1.69 acre lot that is described as, “perfectly manicured park-like grounds.”

According to the listing, the lucky owner of this home can either keep the lot as is or tear it down and build one to four new homes on the expansive lot as per new survey and zoning analysis.

This more than likely is the reason as to why the listing has almost doubled in asking price in four years when it was listed for $3.2 million in 2016.

There is another nearby property at 4490 Fieldston Road even more expensive, however, it’s a package deal with two 1 acre lots included plus the main lot with a 2,224 square foot house all for $6,888,888.

Take a look:

Please note: Welcome2TheBronx is NOT affiliated with this listing or any other real estate developments nor do we receive any commissions from these posts. We are simply bringing the news to you. Please do NOT contact us as we cannot help you with these listings.

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