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Location: Tuxedo Park, N.Y.
Price: $1,150,000
The Skinny: Built in 1909 by the esteemed Delano and Aldrich, Gray Crag was once one of Tuxedo Park's finest estates, a truly grand country home for lawyer and noted collector Forsyth Wickes. Unfortunately, in 1945, some misguided soul modified the original structure almost beyond recognition, knocking off the top two floors, adding a glass-enclosed swimming pool, and transforming a once superb example of Gilded Age architecture into a boring stucco box. That aberration sold at auction in late 2010 for just $2.25M, down from a previous asking price of $9.8M. Now Gray Crag's carriage house has come up for sale. Though modified from its original use as stables, the former outbuilding retains the original Delano and Aldrich silhouette and is currently listed for $1.15M. Though sited particularly close to the road on 1.3 acres, the sleepy guard-gated community of Tuxedo Park probably doesn't generate enough traffic to make that much of a bother. Instead, buyers will have to contend with a disjointed floorplan, separated into a three-bedroom in-law apartment—originally the staff quarters—and the renovated stables, housing another four bedrooms.
· Wickes Estate Stables [Tuxedo Park Affiliates Realty]
· Gray Crag [Beyond the Gilded Age]