More California Than Hudson River—a Glass Mansion Asking $45 Million Heads to Auction

A masterpiece of modernist structure that seems to be floating over New York’s Hudson River within the Catskill Mountains, can be auctioned in a no-reserve on-line sale this month.

The Dutchess County property, which is listed for $45 million and named Ledgerock, can be bought by Concierge Sotheby’s Auctions, with bidding from Jan. 18-24. The 14,800-square-foot glass and limestone major residence, designed by architect Lee Ledbetter, first hit the market in 2021. 

The almost 11-acre property, which is in Hyde Park adjoining to the Poughkeepsie Yacht Membership, 5 miles south of Rhinebeck, is being bought by a restricted legal responsibility firm owned by New York actual property developer Jacob Frydman and his spouse, Monica, in accordance with dealer Jason Karadus of Corcoran Nation Residing, who’s itemizing the house alongside along with his brokers Laurel Kerr and Karolina Czekaj.

The homeowners purchased it in 2005 for $1.51 million, in accordance with property information.

Mr. Frydman, 65, was the CEO and chairman of the board of administrators of United Realty Belief Inc. and United Realty Advisors LP. 

“It’s a trophy property one-and-a-half hours from Midtown Manhattan,” Mr. Karadus mentioned. “You actually can land a helicopter by the entrance door, a seaplane on the dock within the again, which is sort of a driveway, or park your yacht on the membership.”

He famous that Ledgerock’s structure is uncommon for the world as a result of “the Hudson Valley is filled with lovely historic properties, however there will not be a variety of fashionable trophies. This one appears to be like very California.”

The property, which the Frydmans used as a weekend nation dwelling and household compound, is likely one of the few instantly on the river; present legal guidelines require new buildings to be a minimum of 100 ft from the water’s edge.

The Frydmans, Mr. Karadus mentioned, have been capable of cantilever it over the Hudson River as a result of the property was grandfathered in.

“There have been three shed-like buildings on the land after they purchased it,” he mentioned. “They have been linked by underground tunnels. The brand new home follows their footprint.”

He added that the Frydmans already owned a pair hundred acres throughout the water after they purchased this property.

“They stored that land and put it into conservation,” he mentioned. “Now the views won’t ever change.”

The residence, which has 5 bedrooms, seven full bogs and one half toilet, is detailed with unique woods and stone imported from world wide.

Different facilities embrace hovering ceilings, an elevator, a central vacuum system, a sauna/steam room, an workplace, a scorching tub, a moist bar, a video games room and a balcony. The 5,000-square-foot travertine deck features a saltwater pool and an out of doors kitchen with a fireplace pit.

The property additionally has an in-ground swimming pool, an house for employees, a 2,500-square-foot visitor home, a nine-car storage that may accommodate 18 automobiles with the addition of lifts and a automobile wash.

“Each room has a terrace,” Mr. Karadus mentioned. “It feels such as you’re on a houseboat.”Paulina Kimbel, Sotheby’s Concierge Auctions enterprise developer, mentioned the property affords “unmatched views and is an entertainer’s dream.”

The Frydmans are promoting the house, Mr. Karadus mentioned, as a result of they’re spending most of their time in Florida with their youngsters and grandchildren.

Mr Frydman didn’t instantly reply to an e mail despatched to his workplace requesting remark.