Looking for your next home, investment, or project? Located just minutes off of Route 42 in the hamlet of Woodbourne, which is the northeastern corner of the town of Fallsburg, this unique opportunity awaits. This gorgeous property is comprised of approximately one-third open fields and two-thirds of a diverse forest. Gently sloping terrain with approximately 100’ of elevation changing from the road to the back of the property makes navigating this property a breeze.Just off the road, perfectly placed, sits a 1,578 sq ft ranch-style home, complete with 3 bedrooms and 2 bathrooms. There is a bonus room that can be used as an office or a fourth bedroom if one desires. Sitting on top of a poured concrete foundation, the large basement gives plenty of space for additional living area and storage. Half of the basement was finished at one time. However, the drop ceiling will need to be reinstalled. The large attached garage allows plenty of room for cars or equipment. The home needs some repair and updating. With a little TLC, you can create a beautiful homestead of your dreams.Stepping outside the deck and many places throughout the property offer pristine views of the fields and distant hillside. Just to the right of the home is a two-car detached garage, allowing plenty of additional room for storage and equipment. The large hay field, complemented by rustic stone walls, blends into a diverse, hard, and soft forest with areas of carpet-like ferns and rhododendron. A meandering stream makes its way across the back of the property, further enhancing the beauty.The possibilities are endless: farming, equestrian, hunting, homesteading, and more. The AG zoning allows many agricultural uses, along with the potential to subdivide this and create another 10+ acre building opportunity. Fix up the existing home, or potentially build a new one. The town of Fallsburg does allow short-term rentals with a yearly permit.The home and garage are being sold in AS-IS condition.Don’t wait. Call the listing agent today to schedule your private showing.