451 Underhill Rd
Listing Notes
Don't miss this exceptionally rare opportunity to control a substantial land assemblage in the highly coveted Edgemont School District, where new-construction opportunities are increasingly scarce. The offering consists of two parcels located directly across the street from one another, totaling approximately 5 acres: a ~4-acre parcel with a long-established history as a gardening nursery dating back to the 1940s, and a separate ~1-acre parcel. The property is being conveyed for land value and redevelopment potential, presenting a compelling canvas for a sophisticated builder or developer to create a premier residential enclave in an established, high-demand setting. The site offers meaningful flexibility, with the ultimate configuration to be shaped by vision, design, and municipal approvals. Adding to the ~4-acre parcel's appeal for potential future development is the recent granting by the Greenburgh Planning Board of the extension of an approved site plan for the use of the parcel for a senior living community. While buyers should conduct their own due diligence regarding intended use and approvals, this existing entitlement history may provide valuable insight and flexibility for a range of redevelopment concepts. Future end-users will enjoy exceptional proximity to major highways and Metro-North, along with access to nationally ranked schools, parks, country clubs, and lifestyle amenities that define the Edgemont and greater Scarsdale appeal. A rare chance to deliver thoughtfully designed new homes in one of Westchester's most enduring and desirable markets.
Price in context
Cheaper than 71% of the 24 homes listed nearby right now, which run $457,000 to $1,150,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 11 Sentry Pl Apt 1D | $457,000 | 2 bd · 2 ba |
| 352 Central Park Ave Apt D11 | $468,000 | 2 bd · 2 ba |
| 36 Crosshill Rd Unit 1 | $550,000 | — |
| 16 Castle Walk | $695,000 | — |
| 132-134 Euclid Ave | $695,000 | — |
| 40 Northfield Ave | $695,000 | 3 bd · 2 ba |
| 508 Central Park Ave Apt 5407 | $760,000 | 2 bd · 2 ba |
| 26 Southern Rd | $849,000 | 3 bd · 3 ba |
| 2 Burkewood Rd | $849,999 | 3 bd · 3 ba |
| 21 Joyce Rd | $859,500 | 3 bd · 2 ba |
| 26 Powderhorn Rd | $882,000 | 3 bd · 2 ba |
| 5 Hemlock Rd | $889,000 | 4 bd · 3 ba |
| 30 Blanchard Ave | $895,000 | 3 bd · 2 ba |
| 2 Rochambeau Dr | $899,000 | 4 bd · 3 ba |
| 10 Hawthorne Way | $899,000 | 4 bd · 4 ba |
| 247 S Healy Ave | $900,000 | 3 bd · 3 ba |
| 3 Markwood Pl | $929,000 | 3 bd · 2 ba |
| 37 Orlando Ave | $949,000 | 4 bd · 3 ba |
| 73 Bramblebrook Rd | $949,000 | 3 bd · 3 ba |
| 14 Russell Pl | $949,000 | 3 bd · 3 ba |
| 21 Tanglewood Rd | $989,000 | 3 bd · 3 ba |
| 11 Overlook Rd | $1,068,000 | 5 bd · 3 ba |
| 105 Huntley Dr | $1,149,000 | 3 bd · 3 ba |
| 60 Longview Dr | $1,150,000 | 3 bd · 3 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more