$4,495,000

50 Franklin Ave Rye, NY 10580

Estimated payment $25,915/month

Total Views 1,627
6 Beds
4.5 Baths
4,525 Sq Ft
$993 Price per Sq Ft

Highlights

  • Eat-In Gourmet Kitchen
  • Colonial Architecture
  • Wood Flooring
  • Rye Middle School Rated A+
  • Living Room with Fireplace
  • High Ceiling

About This Home

Welcome to your luxury new-construction home at 50 Franklin Avenue in the highly sought-after Rye Gardens neighborhood. Meticulously designed and custom-built by The Red Diamond Group, this ~4,525 square foot residence offers an exceptional blend of classic elegance and modern functionality. An open-concept layout and soaring 10-foot ceilings on the main level provide an ideal setting for both everyday living and sophisticated entertaining. The home includes an attached two-car garage and a dramatic 6’x8’ custom black steel and glass front door that makes a striking first impression. A grand two-story foyer with over 20-foot ceilings, intricate custom paneling, and 18-inch crown molding immediately sets the tone for the elevated finishes found throughout. The entire home is trimmed with 7-inch base floor molding, adding a sense of scale and refinement to each space.

At the heart of the home is a chef’s kitchen featuring locally crafted custom cabinetry, a stunning 10-foot Taj Mahal Quartzite island with a double waterfall edge and two built-in refrigerator drawers for drinks and extra storage, and professional-grade appliances including a 48-inch Wolf Range and a 48-inch panel-ready Fisher & Paykel refrigerator. A 16-foot Pella sliding glass door seamlessly connects the dining area to a ~500 square foot Trex deck with TimberTech railings, creating a perfect indoor-outdoor entertaining space. The dining room also features a custom built-in coffee bar complete with an additional beverage fridge. Anchoring the adjacent living room is a 72-inch linear fireplace finished in matching Taj Mahal Quartzite, offering a focal point that ties the living space together.

The primary suite occupies its own wing on the upper level, complete with two walk-in closets and a spa-like ensuite bath with a freestanding soaking tub and rain-head shower. Also on the upper level are three additional spacious bedrooms and two additional bathrooms, with each bedroom offering direct access to a bathroom—providing both comfort and privacy for family and guests.

The walkout lower level includes a finished movie theater, a flexible sixth bedroom or gym / office space, and a separate guest suite. This level opens to a covered patio and a professionally landscaped private yard surrounded by Green Giant evergreens.

Built with premium materials and systems, this home includes a hydro forced hot air HVAC system with three units and four zones—one for each floor and a separate zone for the primary suite—as well as a Navien gas boiler with an indirect hot water tank. Interior finishes include 5-inch select white oak hardwood flooring throughout and a comprehensive custom millwork package with built-ins, vanities, and walk-in closets all featuring bespoke cabinetry. The home is fully wired for a smart home system and includes a keypad alarm, security cameras, Sonos speakers, and LED 4-inch recessed lighting powered by a 200 AMP electrical panel. The home also features Pella Lifestyle Series windows with SDL grilles offering energy efficiency and timeless style. The exterior is finished in Arctic White James Hardie lap and shake siding. Move-in ready by September 2025.

Located just a short walk to Osborn Elementary, Rye Middle School, and Rye High School and ~40 minute train to Grand Central this property offers privacy, luxury, and convenience in the Rye suburbs with quick direct access to NYC

Listing Agent

Kory Borenkoff

R2M Realty Inc Brokerage Phone: 845-358-2000 License #10401322195 Listed on: 08/08/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,657

Year Built

  • Built in 2025

Lot Details

  • 10,019 Sq Ft Lot

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Colonial Architecture
  • Shake Siding
  • HardiePlank Type
  • Stucco

Interior Spaces

  • 4,525 Sq Ft Home
  • 3-Story Property
  • Whole House Entertainment System
  • Indoor Speakers
  • Sound System
  • Built-In Features
  • Dry Bar
  • Crown Molding
  • Tray Ceiling
  • High Ceiling
  • Recessed Lighting
  • Chandelier
  • Electric Fireplace
  • Gas Fireplace
  • ENERGY STAR Qualified Doors
  • Entrance Foyer
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Storage
  • Wood Flooring
  • Smart Thermostat

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Bar
  • Convection Oven
  • Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Refrigerator
  • Stainless Steel Appliances
  • Kitchen Island

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Double Vanity
  • Soaking Tub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Fireplace in Basement
  • Basement Storage

Schools

  • Osborn Elementary School
  • Rye Middle School
  • Rye High School

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 4 / 2
  • Assessor Parcel Number 1400-146-018-00002-000-0004

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,657

Year Built

Built in 2025

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Architectural Style: Colonial
  • Property SubType: Single Family Residence
  • Property Condition: New Construction
  • Levels: Three Or More
  • Year Built: 2025
  • Year Built Effective: 2025
  • Attribution Contact: 845-358-2000
  • Subdivision Name: Rye Gardens
  • Carport Y N: No
  • Special Features: 4098
  • Property Sub Type: Detached
  • Year Renovated: 2025

Interior Features

  • Appliances: Convection Oven, Cooktop, Dishwasher, Dryer, Electric Oven, ENERGY STAR Qualified Appliances, Freezer, Gas Cooktop, Gas Range, Microwave, Oven, Refrigerator, Stainless Steel Appliance(s), Washer, Indirect Water Heater, Wine Refrigerator
  • Interior Amenities: Breakfast Bar, Built-in Features, Chandelier, Chefs Kitchen, Crown Molding, Double Vanity, Dry Bar, Eat-in Kitchen, ENERGY STAR Qualified Door(s), Entertainment Cabinets, Entrance Foyer, Formal Dining, High Ceilings, High Speed Internet, His and Hers Closets, In-Law Floorplan, Kitchen Island, Natural Woodwork, Open Floorplan, Open Kitchen, Primary Bathroom, Quartz/Quartzite Counters, Recessed Lighting, Smart Thermostat, Soaking Tub, Sound System, Speakers, Storage, Tray Ceiling(s), Walk-In Closet(s), Washer/Dryer Hookup, Whole House Entertainment System, Wired for Sound
  • Fireplaces: 2
  • Flooring: Hardwood
  • Fireplace Features: Basement, Electric, Gas, Living Room
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Finished, Full, See Remarks, Storage Space, Walk-Out Access
  • Total Bedrooms: 6
  • Fireplace: Yes
  • Living Area: 4525
  • Basement YN: Yes

Exterior Features

  • Construction Materials: HardiPlank Type, Shake Siding, Stucco
  • Pool Private: No
  • Spa: No
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 8
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Description: Driveway, Garage, Garage Door Opener

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Laundry Features: Gas Dryer Hookup, Inside, Laundry Room, Washer Hookup
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle School: Rye Middle School

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10019
  • Building Area Total: 4525
  • Parcel Number: 1400-146-018-00002-000-0004
  • Property Attached: No

Rental Info

  • Lease Considered: No

Tax Info

  • Tax Block: 2
  • Tax Lot: 4
  • Tax Year: 2025

MLS Schools

  • Elementary School: Osborn
  • High School: Rye High School
  • Middle School District: Rye City

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $15,657 $16,900 $5,550 $11,350
2023 $19,173 $16,900 $5,550 $11,350
2022 $18,571 $16,900 $5,550 $11,350
2021 $18,516 $16,900 $5,550 $11,350
2020 $17,494 $16,900 $5,550 $11,350
2019 $7,433 $16,900 $5,550 $11,350
2018 $12,616 $16,900 $5,550 $11,350
2017 $4,458 $17,400 $5,550 $11,850
2016 $7,119 $17,400 $5,550 $11,850
2015 -- $17,400 $5,550 $11,850
2014 -- $19,200 $5,550 $13,650
2013 -- $19,200 $5,550 $13,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2025 08/08/25 For Sale $4,495,000 +187.7% $993 / Sq Ft
05/23/2024 05/23/24 Sold $1,562,500 +12.0% $704 / Sq Ft
02/02/2024 02/02/24 Pending -- -- --
01/25/2024 01/25/24 For Sale $1,395,000 -- $629 / Sq Ft
Source: OneKey® MLS

Purchase History

Date Type Sale Price Title Company
Deed $1,562,500 Core Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,612,629 Construction
Source: Public Records

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Source: OneKey® MLS

MLS Number: 899297

OneKey® MLS

APN: 1400-146-018-00002-000-0004