$4,295,000
PENDING NEW CONSTRUCTION

50 Franklin Ave Rye, NY 10580

Estimated payment $26,104/month

6 Beds
4.5 Baths
4,525 Sq Ft
$949 Price per Sq Ft

Highlights

  • New Construction
  • Eat-In Gourmet Kitchen
  • Colonial Architecture
  • Rye Middle School Rated A+
  • Open Floorplan
  • Wolf Appliances

About This Home

Welcome to luxury new construction in one of Rye's most sought-after neighborhoods. Meticulously designed and custom built by The Red Diamond Group, this ~4,525 SF residence delivers an exceptional blend of classic elegance and modern functionality — with every detail thoughtfully considered and no expense spared.
A grand two-story foyer with 20+ foot ceilings, intricate custom paneling, and crown molding throughout makes an immediate impression. The open-concept main level flows beneath 10-foot ceilings and is ideal for both everyday living and sophisticated entertaining, with an attached two-car garage completing the package.
At the heart of the home, the chef's kitchen showcases locally crafted custom cabinetry, a stunning 10-foot Taj Mahal Quartzite island with double waterfall edge, two built-in refrigerator drawers, a 48" Wolf Range, and a 48" panel-ready Fisher & Paykel refrigerator. A 16-foot Pella sliding glass door connects the dining area to ~500 square foot Trex deck for seamless indoor-outdoor living. The dining room features a custom built-in coffee bar with beverage refrigerator, and the adjacent living room is anchored by a 72" linear fireplace finished in matching Taj Mahal Quartzite.
The upper-level primary suite occupies its own private wing with two walk-in closets and a spa-like ensuite featuring a freestanding soaking tub and rain-head shower. Three additional bedrooms each offer direct bathroom access via two well-appointed full baths.
The walk-out lower level includes a finished home theater, flexible 6th bedroom/gym/office, and private guest suite — opening to a covered patio and professionally landscaped yard surrounded by Green Giant Evergreens for maximum privacy.
Premium systems & finishes include: 5" Select White Oak Hardwood · Hydro-forced hot-air HVAC with 3 units & 4 zones (dedicated zone for primary suite) · Navien gas boiler with indirect hot water tank · Full smart-home integration with keypad alarm, security cameras & Sonos audio · 4" LED recessed lighting · 200-amp electrical panel · Pella Lifestyle Series windows with SDL grilles · Arctic White James Hardie lap & shake siding · Comprehensive custom millwork package with bespoke built-ins, vanities & closet systems
Walk to Osborn Elementary, Rye Middle, and Rye High School. ~40 minutes to Grand Central. Privacy, luxury, and convenience — perfectly delivered.

Listing Agent

Kory Borenkoff

R2M Realty Inc Brokerage Phone: 845-358-2000 License #10401322195 Listed on: 05/15/2026

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2025 | New Construction

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
  • Open Floorplan
  • Whole House Entertainment System
  • Indoor Speakers
  • Sound System
  • Built-In Features
  • Dry Bar
  • Woodwork
  • 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
  • Electric Oven
  • Gas Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Refrigerator
  • Wolf Appliances
  • Stainless Steel Appliances
  • Kitchen Island

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • Dual Closets
  • Walk-In Closet
  • In-Law or Guest Suite
  • Double Vanity
  • Freestanding Bathtub
  • 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
  • Natural Gas Connected
  • 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

Year Built

Built in 2025 | New Construction

Lot Details

10,019 Sq Ft Lot

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
  • Carport Y N: No
  • CurrentPrice: 4295000.00
  • MlsMajorChangeType: Pending
  • CurrentPrice_By_LivingArea: 949.17127
  • ListPrice_By_LivingArea: 949.17127
  • ListPrice_By_OriginalListPrice: 1.00000
  • ListPrice_By_LotSizeAcres: 18673913.0435
  • LivingAreaSearchSqFt: 4525.00
  • CurrentPrice_By_BuildingAreaTotal: 949.17127
  • Special Features: NewHome
  • 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
  • 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

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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
2025 $34,326 $16,900 $5,550 $11,350
2024 $20,483 $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 List to Sale Price per Sq Ft Prior Sale
05/22/2026 05/22/26 Pending -- -- --
05/16/2026 05/16/26 Off Market $4,295,000 -- --
05/15/2026 05/15/26 For Sale $4,295,000 +174.9% $949 / Sq Ft
05/23/2024 05/23/24 Sold $1,562,500 +12.0% $704 / Sq Ft View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Source: OneKey® MLS

MLS Number: 000072

OneKey® MLS

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

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