This is why you might want to buy a Hudson Valley mansion

New York’s Hudson Valley is known for its breathtaking waterfront views and landscapes. In the 19th century, the area attracted many affluent families that built luxury estate homes known as the Gilded Age Mansions. 

Unfortunately, over the past century, much has changed, including where the wealthy and famous prefer to spend their time, and many of these mansions fell into disrepair. Lately, the Hudson Valley and Hudson itself have been going through a renaissance and became ever-popular with New Yorkers.

With work from home, many New Yorkers are now seeing every weekend as a long weekend with an opportunity to venture somewhere nearby. The Hudson Valley mansions regained their appeal and have become a great investment opportunity. 

The investment thesis would be: to buy a unique property, renovate it, and with the help of a local manager, use it as a bed and breakfast. We will be delighted to help you find a beautiful historic property, engage an architect and a renovation crew, and connect with a competent local manager. 

Here is one example: the Waterman mansion in Hudson, NY. The house was built by the local businessman Joshua T. Waterman in 1865 in the Second Empire style, also known as the Napoleon III style.  

The 6-bedroom and 7.5-bathroom mansion is currently operating as the Hudson City Bed and Breakfast. It is already popular but could use some TLC to ensure better performance, and make it easier to upkeep. 

The Airbnb website features multiple Hudson Valley mansions available for guests from all over the world. For example, this beautiful Fredrick Clarke Wither's mansion is large enough to accommodate 16 guests. The house was built in 1866 in Newburgh, NY, and is perfect for a big family or a friend group. The average price for a one-night stay is $499, most popular on weekends, holidays, and during warmer seasons. 

There are many wonderful options in Hudson to consider. Take a look at this 19th century Victorian mansion with a small guest house. The main house has four large bedrooms, three bathrooms, and other structures that can accommodate additional rooms.

Another example of a unique home is the 8 000 sq ft former Polish Catholic Church. The property features high vaulted ceilings and can become a performance space or a retreat location. This residence is perfect for hosting corporate events and various group activities. 

Overall, the Hudson Valley is an excellent getaway destination for you and your potential guests. If you are on the market for a historic home in upstate New York, let us know, and we will be happy to assist you in this process. 

Image credit:

Columbia Greene Northern Dutchess MLS, MLS#: 140238

Resources:

“11 glorious estates of the Hudson Valley, mapped” by Tanay Warerkar (Curbed, 2018)

“List of Gilded Age mansions,” (Wikipedia)

“10 Beautiful Historic Mansions To Visit In The Hudson Valley,” by Sage Scott (Travel Awaits, 2022)

“Second Empire style” (Wikipedia)

“Welcome to the Joshua T. Waterman House,” (Hudson City Bed and Breakfast)