Upstate New York “cabin” lists for record $14.5M
The South Wales estate would be most expensive property in Erie County
Cabins typically evoke humble vibes, but “The Cabin” in South Wales, New York, is anything but that.
The estate hit the market for $14.5 million, which would be a record price in Erie County, WKBW reported.
Canaan Realty has the listing.
The sprawling 17,000-square-foot residence is on 180 acres that features a 4-acre lake, an indoor basketball court, 26 horse stables and an equestrian arena.
The log home, constructed in 2011 and owned by Warner Hill LLC, has six bedrooms and seven baths.
“In New York state, there’s not many like it; it’s not a New York state type property,” broker Allen Olmsted told the outlet.
The asking price, three-and-a-half times the highest sale price in the county over the past decade, has raised eyebrows.
Rosalind Burgin, president of the Buffalo Niagara Association of Realtors, described the property as “above a mansion” and questioned whether it will find a buyer at its record-breaking price listing.
Olmsted envisions the property as appealing to someone seeking a primary residence away from the city or a secondary home.
New York estates have been hitting the market recently.
Sally Jessy Raphael, the former radio host and Emmy-winning talk show personality, put her long-held country estate in New York’s Dutchess County on the market a couple of weeks ago. The sprawling 25.5-acre Pawling property, known as Elmwood Farm, listed for $6.5 million, according to the Robb Report. Purchased by Raphael and her late husband Karl Soderland in 1997 for over $1.7 million, the property had been in the same family for nine generations.
Elmwood Farm has an Elizabethan-style Tudor manor house, along with additional structures including two caretaker homes, a carriage house with chauffeur’s quarters, a yoga studio, and a 12,000-square-foot stable.
— Ted Glanzer