J.P. Morgan's Adirondack Great Camp Uncas

Raquette Lake, New York

Michael R. Franklin
Licensed Real Estate Broker
(o) 315-876-2262
Mike.Franklin@FranklinRuttan.com

Data

Location

Camp Uncas is in the west-central Adirondack Mountains of New York State

• 2.5 hours from Albany
• 1.5 hours from Utica
• 2.5 hours from Syracuse
• 6 miles south and west of Raquette Lake, New York.

Neighborhood

Camp Uncas is part of an enclave of three “Great Camps” south of Raquette Lake, surrounded by tens of thousands of acres of state-owned Forest Preserve. Each camp is on its own lake, about two miles from the other two as though points on an equilateral triangle. All were originally built by Adirondack Great Camp pioneer William West Durant. An early 20th century traveler called the three camps “America’s Finest Trio”.

“Great Camp Sagamore” was the core of the former 1526-acre estate of Alfred Vanderbilt and his widow Margaret Emerson, from 1901-55. Donated to Syracuse University for a conference center, it was purchased by Sagamore Institute of the Adirondacks in 1975. They continue to operate it as a conference center and for public historical tours.

Kamp Kill Kare is on a private lake and 1100-acre estate developed by New York State Lieutenant Governor Timothy Woodruff and owned for 70 years by the family of Anthony and Mabel Brady Garvan. Kill Kare holds the record for the most expensive Great Camp estate ever sold in the Adirondacks.

Camp Uncas is part of the original 1500-acre estate owned by the J. Pierpont Morgan family for half a century and the current owner’s family for the past 40 years. The owners of Camp Uncas have the advantage of enjoying a private lake and thousands of acres of public lands without the cost of purchasing and maintaining it all.

Property

• 4.6 acres
• 1700 feet of shoreline
• 5 Buildings
• Completely furnished and equipped

Communications

• Land line telephone.
• DSL high-speed Internet connection.
• Satellite TV, including new 42” plasma television in den, on wall-mounted swivel bracket.

Purchase price

• $2,750,000.
• Owner-financing considered with substantial down payment.

Taxes

Current taxes are:

• County/town taxes: $8600.
• School taxes: $905.
• With only three to six school-age children in the district, Raquette Lake has the lowest school taxes in New York State. This represents a significant financial benefit that, even after the property is reassessed, will yield a tax savings of approximately $25,000 annually when compared to neighboring jurisdictions. This savings could be considered equivalent to a $500,000 purchase price reduction.

Rights of Refusal

• The purchaser of this property will have rights of refusal on the three other Uncas parcels, if they should ever be sold.
• The purchaser of this property also will have a right of first refusal on the two-acre parcel and building located half-way between Sagamore and Uncas. All other land between Sagamore and Uncas is State-owned Wild Forest.
• The two Uncas neighbors have rights of refusal on this property.

Contact:

To arrange a viewing of Camp Uncas, contact:

Michael R. Franklin
Licensed Real Estate Broker
(o) 315-876-2262
Mike.Franklin@FranklinRuttan.com


  • Broker: Franklin Ruttan 1406 North State Street Syracuse, NY 13208
    (O) 315.876.2262 E-Mail: info@FranklinRuttan.com

    Broker fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.(c)

    www.FranklinRuttan.com