Step into the realm of versatile real estate opportunities with this exceptional multi-dwelling property in the coveted Teatown Reservation area of New Castle! Seamlessly intertwining homeowner and investor dreams, this unique compound offers unparalleled opportunity and rich history. The centerpiece is a striking contemporary home spanning nearly 4, 000 square feet, meticulously renovated in 2003. Featuring 3 bedrooms, 5 bathrooms, radiant floor heat throughout, and a host of versatile spaces including a home office and remarkable great room once a renowned recording studio hosting some of the greatest musicians of their time - now transformed into a lavish, soundproofed, private home theater for unparalleled entertainment. Each of the 3-levels offer its own private outdoor terrace, including a wraparound off the primary suite, enhancing the connection to the serene surroundings.The one-car detached garage offers abundant storage space and potential for conversion into a fitness room or recreational area. Complementing the main house are two detached additional dwellings, currently generating income. One, adjacent to the main residence, presents a two-level layout with 1 bedroom, 1 full bath, and a full kitchen. The second, over 120 yards down the road, offers 2 bedrooms, 1 full bath, a full kitchen, and a finished basement, totaling over 2, 200 square feet, with its own private parking. Sitting on nearly 3 acres of tranquil landscape bordering a state park with exclusive walking trails, this distinctive home blends country living with contemporary comforts. Don’t miss this incredible opportunity to acquire your dream villa while simultaneously owning income-producing investment properties-a rare gem in the Westchester market!