New York Estate renovated with river views and Astor family tie listings for $25 million

A grand historic estate in New York’s Hudson Valley has hit the market for $25 million. Known as Steen Valetje, the property was built in 1851 by Laura Astor and Franklin Hughes Delano, according to the listing, and is currently owned and listed by author and commentator Suzy Welch, widow of the former GE chairman. , Jack Welch.

Ms Welch bought the estate for $16.5 million in March 2020, and over the past two years “she’s put a tremendous amount of work into it,” said Compass agent Byron Anderson, who represents the listing at alongside Candy Anderson. “Many of these houses [in the area] just don’t trade as often, and when they do, they’re usually not in that state. It really is something special.

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The property is 290 acres, spanning the towns of Rhinebeck and Red Hook, and is made up of two parcels, one of which is “strictly virgin land,” according to Mr. Anderson. The other plot includes the main house and numerous outbuildings. “Between the two [parcels] there’s just over half a mile of frontage on the Hudson River,” Mr. Anderson told Mansion Global. “The topography of the land resembles one of the most beautiful golf courses in the world, but it’s also rural and pastoral, and you get those phenomenal views of the Hudson River and the Catskills.”

The 16,600-square-foot, 10-bedroom main house has been redone over the past two years to include updated kitchens and bathrooms, while retaining historic details including hardwood floors and railings, 16 fireplaces in total, detailed moldings and original windows, as listed. The interiors were handled by designer Bunny Williams.

The ground floor features 18-foot ceilings, some of which are painted with landscapes and frescoes, with pocket doors between each room to allow for a more open layout. A formal dining room with hardwood floors and French doors leads to a large outdoor patio overlooking the Hudson River, according to listing photos.

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“[Ms. Welch] also did a lot of major work, including two new kitchens in the main house – a cozy family kitchen and a fully equipped chef or catering kitchen – with all new appliances, cabinetry and plumbing,” Mr. Anderson said. “Much of the electricity in the house has been updated, she can control everything from an app.”

In addition to its “park-like grounds with walking paths and cross-country ski trails,” according to the listing, the property includes a number of other outbuildings and recreational facilities. Many accommodation options on the estate include two four-bedroom guest houses, which have also been refurbished, as well as a coach house with four potential staff apartments, a two-bedroom caretaker’s cottage and a gardener’s cottage of a bedroom.

The estate is landscaped with equestrian facilities – which include an eight-stall stable, heated indoor arena and outdoor arena – as well as a greenhouse, tennis court and swimming pool and poolhouse overlooking the river. “The pool house has its own kitchen and two full bathrooms and walk-in closets,” Mr. Anderson said.

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Ms Welch, who was not immediately available for comment, decided to sell the property when she was called back to New York for work, Mr Anderson said. “In March 2020, when she purchased, her life was very different than it is now,” he told Mansion Global. “She feels revitalized and wants to get back to work.”

A business journalist and author of books including ’10-10-10: A Life Transforming Idea’, Ms Welch was married to Jack Welch from 2004 until his death in 2020. Legendary CEO during her years at General Electric, M Welch was recently the subject of a newly released book, “The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America—and How to Undo His Legacy.” The property was listed in late May, records show.

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