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37-60 Blackburn Road, Selkirk, NY, 12158

5beds
4baths
11,132sqft
$1,950,000
$175price/sqft
$15,066/moest. monthly cost
$602,640/yrincome needed

About This Home

A rare opportunity to snap up one of the Hudson Valley's most unique waterfront offerings and restore it back to it's former glory—The Wedding Present Farm. Perched above the Hudson River, this extraordinary 73 acre estate includes a historic mansion, three additional residential structures, a barn, garage, pool, private pond, and yes- your very own 42 acres on Shad Island, between Baker Creek and the Hudson River. .With sweeping river views, lush native landscaping, and storybook surroundings, the possibilities here are endless: a dreamy personal compound, a one-of-a-kind hospitality venture, or a legacy property ready to be reimagined (always check with town on your specific uses.) Anchoring the estate is the original mansion, full of historic charm and presence, and positioned to take full advantage of panoramic water views. Across the property, you'll find four separate housing structures offering flexible space for guests, rental income, or creative repurposing. The barn adds rustic charm and utility, while the garage adjacent to the pool begs to be transformed into a pool house or summer studio. A meandering pond, native trees, and flowering plants lend a wild, romantic feel—like nature is part of the design. This is not just land—it's a legacy. Once gifted as a wedding present from the original owner - Edward Townsend Reed - who gifted the land as a summer home to his friends Edward and Martha Van Antwerp Easton in 1907 (hence the name). Now, it's ready for a bold new chapter. This is an incredible opportunity to reinvigorate the property and renovate it to suit whatever use best serves your vision—whether personal or business. The bones are there, the details are gorgeous, and there's so much potential calling. Whether you're envisioning a family compound, boutique hotel or wedding venue, an artist's enclave, or the most magical family estate imaginable, this property offers scale, views, and a level of character that's hard to replicate. All of this just 20 minutes from downtown Albany, with easy access to the Amtrak station, the Taconic, and the NYS Thruway. Properties like this don't come around often—especially with waterfront, a private island, and development potential. A rare opportunity to build something truly special on the Hudson.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
3
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Property condition: Fixer
  • Year built: 1900

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Mixed Use

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Chandelier,Eat-in Kitchen,Entrance Foyer,High Ceilings
  • Flooring: Tile,Varies,Wood
  • Finished area below ground: 0
  • Finished area above ground: 4,360

Interior Area

  • Total structure area: 11,132
  • Total interior livable area: 11,132 sqft

Property

Details

  • Parcel number: 01248914500000010020010000
  • Zoning: R1-R3

Features

  • Pool features: Outdoor Pool
  • Patio & porch: Patio
  • Exterior features: Awning(s),Covered Courtyard,Garden,Paved Walkway,Other
  • Has view: Yes
  • View description: Garden,Pool,River,Trees/Woods,Water
  • Has water view: Yes
  • Water view: River,Water
  • Frontage type: River

Lot

  • Lot size: 73.10 Acres
  • Features: Pond on Lot,Many Trees,Native Plants,Views,Wooded

Parking

  • Total spaces: 2
  • Parking features: Open,Driveway
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Landslide
    LandslideModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Inland Flooding
Landslide
Lightning
Strong Wind
Tornado

FEMA Declared Disasters in Albany County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $9,860$118,320
Home Insurance *$605$7,260
Property Taxes $2,762$33,144
Electricity $1,839$22,076
Total$15,066$180,792
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$516,548/yr
40% on housing$451,980/yr
45% on housing$401,760/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: -5.7%
-5.7%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -4.0%
-4.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$175This listing

vs Other Active Listings

Avg $/sqft

ZIP 12158$288
Albany County$195

vs Homes Sold Last Month

Median $/sqft

ZIP 12158$241
Albany County$223

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-03-10Listed for sale$1,950,000
2026-03-05Listing removed$2,350,000
2025-09-16Listed for sale$2,350,000
2005-09-02Sold$950,000

For Sale by Agent

AgentCatherine Quintard
BrokerageCompass Greater NY, LLC

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