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Penny Lane Realtors
FOR SALE
$2,900,000

50 Drakestown Rd
Mount Olive Twp., NJ 07840

Single Family
Residential
10
Beds
3
Baths
5,900
Sq. Ft.
35.09
Acre Lot
Courtesy: COLDWELL BANKER REALTY
Home> New Jersey> Mount Olive Twp.> 07840
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.
4011393
Single Family, Other
10
Morris
3 Full
1820
35.09 Acres
Public Water
Wood Siding
Cesspool, Septic Tank
True https://photos.prod.cirrussystem.net/900/b4355897b68cbf7b95478f9977ea726a/1888147948.jpeg 4011393
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Estimated Payment:

Principle & Interest
Taxes
Insurance
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Courtesy: COLDWELL BANKER REALTY
This content last refreshed on 6/17/2026 10:30 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.