Unbelievable Upstate New York Property Absorbs Price Cut

More than double the size of Manhattan, upstate estate Whitney Park is whipping up a frenzy after hitting the market once again, though few will be wealthy enough to purchase the property.

The 36,500-acre property — not a typo — outside of Long Lake in the Adirondack Mountains is for $125 million, or $3,425 per acre, the Wall Street Journal reported. The estate is up for grabs after its owner, John Hendrickson, died unexpectedly last year.

The property was first listed five years ago, its first time on the market in a century. The asking price at the time was $180 million, or $5,000 per acre; the latest listing almost could be considered a dollar store bargain by comparison.

Marylou Whitney inherited the property in 1992, but it passed along to her husband when she died in 2019. Hendrickson briefly explored a sale in 2020, finding the size of the estate to be overwhelming and lonely after his wife died. But he never locked in a buyer prior to his own death.

Financier William Whitney — the family behind the Whitney Museum of American Art — assembled the property in the 19th century.

The estate includes several homes, as well as lakes, ponds and streams. The main residence, Camp Deerlands, spans more than 7,000 square feet and features at least nine bedrooms. Camp Togus, meanwhile, spans 5,600 square feet and has seven bedrooms.

Other features of the massive estate include tennis courts, a boathouse and a trapper’s cabin. Development is a possibility for the land, though owners would need to go through a permitting process with the town.

Dan Collins of Four Seasons Sotheby’s International Realty has the listing. Proceeds from the sale are earmarked for Long Lake, an unexpected gift Hendrickson provided the town in the event of his death.

— Holden Walter-Warner