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The historic Arrow Hill estate in Purchase, New York, has been listed for $30 million, making it the most expensive residential property currently on the market in Westchester County. This nearly 100-year-old, 14,680-square-foot main residence on over 41 acres represents a rare opportunity for luxury compound living with unparalleled privacy, just 30 miles from Manhattan. Based on our experience assessment, the property's value is anchored in its meticulous preservation, expansive amenities, and unique historical significance within one of New York's most desirable suburbs.
Built in 1927, Arrow Hill embodies the ambition of the Roaring Twenties. The area's history traces back to a 1695 land acquisition by Quaker John Harrison, which gave the hamlet of Purchase its name. While public records do not specify a single "founding family" for the house, the community evolved by the early 20th century into an enclave of great estates. The current owners have held the property for 33 years, undertaking a comprehensive renovation that preserved its historical character while updating it with modern, high-caliber finishes. This thoughtful restoration enhances its appeal to buyers seeking a property with a rich narrative.
The stately red-brick main house features eight bedrooms and 12 bathrooms across multiple wings. Interior details like beamed ceilings, crown moldings, and formal dining rooms speak to its original era. The home has been entirely renovated with what the listing describes as "timeless, elegant, and beautiful finishes." It is designed as an entertainer's paradise, offering multiple glamorous spaces for large-scale events or intimate gatherings. The seamless blend of historical architecture and modern luxury is a primary selling point for a property of this caliber.
The estate functions as a true private compound. Beyond the main house, the grounds include:
These amenities are not included in the main residence's square footage, significantly increasing the usable living and entertainment space. The diverse range of facilities supports an active, resort-like lifestyle without leaving the property.
A key advantage of Arrow Hill is its unique location. Set on over 41 acres, the estate feels entirely isolated, offering ample privacy behind imposing gates. However, it remains a suburban compound with close proximity to an major urban center. Being only 30 miles north of Manhattan provides access to the city's incomparable amenities while enjoying a serene, country-like setting. This balance is highly sought-after in the luxury real estate market, making the property's location a significant value driver.
A $30 million listing is exceptional for the Westchester County market. The property last sold in 1992 for $4 million. The current price reflects not only the appreciation of unique, landmark properties but also the substantial investments made in restoration and maintenance. The table below illustrates the scale of this listing compared to other high-end Westchester properties, based on our assessment of 2025 market data.
| Feature | Arrow Hill Estate | Typical Westchester Luxury Listing |
|---|---|---|
| Asking Price | $30,000,000 | $3 - $8 Million |
| Land Acreage | 41.66 Acres | 1 - 5 Acres |
| Main House Sq. Ft. | 14,680 Sq. Ft. | 5,000 - 10,000 Sq. Ft. |
| Unique Features | Multiple guesthouses, pool house, tennis court, hangar | Pool, possibly a guesthouse or tennis court |
This comparison highlights that Arrow Hill is in a distinct market segment, appealing to a very specific buyer seeking a legacy property rather than a standard luxury home.
For a prospective buyer, the estate offers a unique blend of history, luxury, and privacy. Key considerations include:
The property's defining characteristic is its ability to function as a self-contained compound while offering proximity to New York City. It is a legacy purchase for a buyer whose goals align with preserving a piece of architectural history while enjoying a unparalleled lifestyle.
