$29.5M Millbrook Manor listing highlights boom in Hudson Valley property values
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A sprawling estate in Millbrook, New York, has hit the market for $29.5 million, setting a new benchmark in the region’s real estate history. Situated on 400 acres in one of the Hudson Valley’s most exclusive enclaves, the property includes 17 structures, a private airstrip, horse stables, and a renovated 19th-century mansion. The listing represents the highest-ever ask within Millbrook and stands out even in a market increasingly known for its luxury inventory.
The estate and its unique features
The estate, known as Stoneleaf, is more than a residence. It is a private compound layered with historic charm and modern infrastructure. At its center stands a 12-bedroom Federal-style manor dating back to the 1850s. The home has been restored to maintain its period character, with symmetrical stone facades, fluted moldings, and marble fireplaces.
Beyond the main house, the property offers an impressive spread of facilities. There are stables and paddocks that can support equestrian use at a professional level, multiple guest cottages, a state-of-the-art greenhouse, and even an airstrip for private landings. A secluded lake and miles of internal roadways allow for both privacy and accessibility.
This level of turnkey estate is rare in the Hudson Valley. Unlike many large rural parcels in the region, Stoneleaf requires no additional investment in development or renovation. Its combination of history, utility, and condition makes it a standout property not only within Millbrook but across New York’s luxury estate landscape.
Context in the Millbrook and Hudson Valley market
Millbrook has long attracted buyers seeking privacy without sacrificing proximity to New York City. Often referred to as a more understated counterpart to the Hamptons, the village has become a draw for discreet wealth, particularly among those in finance and media.
As of August 2025, the median home price in Millbrook is approximately $1.3 million, reflecting a 90 percent increase from the previous year. While still modest compared to similar high-end enclaves downstate, the pace of growth in Millbrook’s property values signals strong demand and constrained supply.
This latest listing, while at the far end of the spectrum, reinforces Millbrook’s role as a premium destination for large-scale estates. According to regional agents, inquiries for properties over $10 million have increased significantly over the past two years, driven in part by buyers relocating from urban centers seeking more land, space, and privacy.
Broader Hudson Valley Market trends and affordability issues
The boom in Millbrook mirrors a wider trend across the Hudson Valley. Counties including Dutchess, Ulster, and Columbia have all seen significant increases in both listing prices and closed sales. According to Berkshire Hathaway HomeServices Hudson Valley, the average sale price in the region has risen by more than 15 percent year-over-year, while inventory levels remain below historic norms.
At the same time, affordability is becoming an increasing concern for longtime residents. A 2025 report by the nonprofit Hudson Valley Pattern for Progress found that 42 percent of households in the region now spend more than 30 percent of their income on housing. Nearly one-third have cut back on essentials to manage housing costs, and nearly 20 percent of renters are considering relocating out of state.
The tension between high-end demand and local affordability is reshaping the region’s real estate profile. While properties like Stoneleaf capture attention for their scale and price, they also highlight a bifurcation in the market. Wealthy buyers are reshaping the top end, while entry-level inventory continues to lag.
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