More California Than Hudson River—a Glass Mansion Asking $45 Million Heads to Auction

More California Than Hudson River—a Glass Mansion Asking $45 Million Heads to Auction

The property, which is across the water from a couple hundred acres of conservation land, encompasses nearly 11 acres. A masterpiece of modernist architecture that appears to be floating over New York’s Hudson River in the Catskill Mountains, will be auctioned in a no-reserve online sale this month.

The Dutchess County property, which is listed for $45 million and named Ledgerock, will be sold by Concierge Sotheby’s Auctions, with bidding from Jan. 18-24. The 14,800-square-foot glass and limestone main residence, designed by architect Lee Ledbetter, first hit the market in 2021.

The nearly 11-acre property, which is in Hyde Park adjacent to the Poughkeepsie Yacht Club, five miles south of Rhinebeck, is being sold by a limited liability company owned by New York real estate developer Jacob Frydman and his wife, Monica, according to broker Jason Karadus of Corcoran Country Living, who’s listing the home along with his agents Laurel Kerr and Karolina Czekaj.

The owners bought it in 2005 for $1.51 million, according to property records.

Mr. Frydman, 65, was the CEO and chairman of the board of directors of United Realty Trust Inc. and United Realty Advisors LP.

“It’s a trophy property one-and-a-half hours from Midtown Manhattan,” Mr. Karadus said. “You literally can land a helicopter by the front door, a seaplane at the dock in the back, which is like a driveway, or park your yacht at the club.”

He noted that Ledgerock’s architecture is unusual for the area because “the Hudson Valley is full of beautiful historic homes, but there are not a lot of modern trophies. This one looks very California.”

The estate, which the Frydmans used as a weekend country home and family compound, is one of the few directly on the river; current laws require new buildings to be at least 100 feet from the water’s edge.

The Frydmans, Mr. Karadus said, were able to cantilever it over the Hudson River because the property was grandfathered in.

“There were three shed-like structures on the land when they bought it,” he said. “They were connected by underground tunnels. The new house follows their footprint.” The exterior swimming pool appears to merge with the river. He added that the Frydmans already owned a couple hundred acres across the water when they bought this property.

“They kept that land and put it into conservation,” he said. “Now the views will never change.”

The residence, which has five bedrooms, seven full bathrooms and one half bathroom, is detailed with exotic woods and stone imported from around the world.

Other amenities include soaring ceilings, an elevator, a central vacuum system, a sauna/steam room, an office, a hot tub, a wet bar, a games room and a balcony. The 5,000-square-foot travertine deck includes a saltwater pool and an outdoor kitchen with a fire pit. The property also has an in-ground swimming pool, an apartment for staff, a 2,500-square-foot guest house, a nine-car garage that can accommodate 18 cars with the addition of lifts and a car wash.“ Every room has a terrace,” Mr. Karadus said. “It feels like you’re on a houseboat.”

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