Welcome to your luxury new-construction home at 50 Franklin Avenue in highly sought-after Rye Gardens. 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 with soaring 10-foot ceilings on the main level creates an ideal setting for both everyday living and sophisticated entertaining. The home features an attached two-car garage and a grand two-story foyer with 20+ foot ceilings, intricate custom paneling, and crown molding throughout.
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 beverages and additional storage. Professional-grade appliances include 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 an ~500-square-foot Trex deck, creating an ideal indoor-outdoor entertaining space. The dining room features a custom built-in coffee bar with an additional beverage refrigerator. Anchoring the adjacent living room is a 72-inch linear fireplace finished in matching Taj Mahal Quartzite.
The primary suite occupies its own private wing on the upper level and includes 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.
The walk-out lower level includes a finished movie theater, a flexible sixth bedroom or gym/office, and a private 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 throughout, the home features a hydro-forced hot-air HVAC system with three units and four zones—one for each floor plus a dedicated 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 bespoke cabinetry for built-ins, vanities, and walk-in closets. The home is fully wired for smart-home functionality and includes a keypad alarm, security cameras, Sonos speakers, and 4-inch LED recessed lighting, all powered by a 200-amp electrical panel. Additional features include Pella Lifestyle Series Windows with SDL grilles for energy efficiency and timeless style, and an exterior finished in Arctic White James Hardie lap and shake siding.
Located just a short walk to Osborn Elementary, Rye Middle School, and Rye High School, and approximately 40 minutes by train to Grand Central, this property offers the perfect combination of privacy, luxury, and convenience in one of Rye’s most desirable neighborhoods
New construction
$4,375,000
50 Franklin Avenue, Rye, NY 10580
6beds
4,525sqft
Single Family Residence, Residential
Built in 2025
10,019 Square Feet Lot
$-- Zestimate®
$967/sqft
$-- HOA
What's special
Two built-in refrigerator drawersAttached two-car garagePrivate guest suiteThree additional spacious bedroomsCovered patioIntricate custom panelingOpen-concept layout
- 76 days |
- 2,747 |
- 81 |
Zillow last checked: 7 hours ago
Listing updated: March 08, 2026 at 12:09pm
Listing by:
R2M Realty Inc 845-358-2000,
Kory Borenkoff 845-709-9722
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 929454
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Bedroom 1
- Level: Second
Bedroom 2
- Level: Second
Bedroom 3
- Level: Second
Bedroom 4
- Level: Second
Bedroom 5
- Level: Lower
Bathroom 1
- Level: First
Bathroom 2
- Level: Second
Bathroom 3
- Level: Second
Bathroom 4
- Level: Second
Bathroom 5
- Level: Lower
Other
- Level: Lower
Bonus room
- Level: Lower
Den
- Level: First
Dining room
- Level: First
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: 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
- Laundry: Washer/Dryer Hookup, Gas Dryer Hookup, Inside, Laundry Room, Washer Hookup
Features
- Breakfast Bar, Built-in Features, Chandelier, Chefs Kitchen, Crown Molding, Double Vanity, Dry Bar, Eat-in Kitchen, Entertainment Cabinets, Entrance Foyer, Formal Dining, 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), Whole House Entertainment System, Wired for Sound
- Flooring: Hardwood
- Doors: ENERGY STAR Qualified Doors
- Basement: Finished,Full,See Remarks,Storage Space,Walk-Out Access
- Attic: Pull Stairs
- Number of fireplaces: 2
- Fireplace features: Basement, Electric, Gas, Living Room
Interior area
- Total structure area: 4,525
- Total interior livable area: 4,525 sqft
Property
Parking
- Total spaces: 8
- Parking features: Driveway, Garage, Garage Door Opener
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
Lot
- Size: 10,019 Square Feet
Details
- Parcel number: 1400146018000020000004
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence, Residential
Materials
- HardiPlank Type, Shake Siding, Stucco
Condition
- New Construction
- New construction: Yes
- Year built: 2025
- Major remodel year: 2025
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
Community & HOA
Community
- Subdivision: Rye Gardens
HOA
- Has HOA: No
Location
- Region: Rye
Financial & listing details
- Price per square foot: $967/sqft
- Tax assessed value: $16,900
- Date on market: 10/28/2025
- Cumulative days on market: 215 days
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/6/2026 | Listed for sale | $4,375,000-2.7%$967/sqft |
Source: | ||
| 12/24/2025 | Listing removed | $4,495,000$993/sqft |
Source: | ||
| 10/28/2025 | Listed for sale | $4,495,000$993/sqft |
Source: | ||
| 10/28/2025 | Listing removed | $4,495,000$993/sqft |
Source: | ||
| 8/8/2025 | Listed for sale | $4,495,000+187.7%$993/sqft |
Source: | ||
| 5/23/2024 | Sold | $1,562,500+12%$345/sqft |
Source: | ||
| 2/4/2024 | Pending sale | $1,395,000$308/sqft |
Source: | ||
| 1/25/2024 | Listed for sale | $1,395,000$308/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $16,900 |
| 2023 | -- | $16,900 |
| 2022 | -- | $16,900 |
| 2021 | -- | $16,900 |
| 2020 | -- | $16,900 |
| 2019 | -- | $16,900 |
| 2018 | -- | $16,900 -2.9% |
| 2017 | -- | $17,400 |
| 2016 | -- | $17,400 |
| 2015 | -- | $17,400 -9.4% |
| 2014 | -- | $19,200 |
| 2013 | -- | $19,200 |
| 2012 | -- | $19,200 -15% |
| 2011 | -- | $22,600 -3.4% |
| 2010 | -- | $23,400 |
| 2009 | -- | $23,400 |
| 2008 | -- | $23,400 |
| 2007 | -- | $23,400 |
| 2006 | -- | $23,400 |
| 2005 | -- | $23,400 |
| 2004 | -- | $23,400 |
| 2003 | -- | $23,400 |
| 2002 | -- | $23,400 |
| 2001 | -- | $23,400 |
| 2000 | -- | $23,400 |
| 1999 | -- | $23,400 |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Neighborhood: 10580
Nearby schools
GreatSchools rating
- 7/10Midland SchoolGrades: K-5Distance: 1.5 mi
- 8/10Rye Middle SchoolGrades: 6-8Distance: 0.7 mi
- 10/10Rye High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Osborn
- Middle: Rye Middle School
- High: Rye High School
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 10580
- New York
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- 50 Franklin Avenue







