UPDATED:
Key Details
Property Type Vacant Land
Listing Status Coming Soon
Purchase Type For Sale
MLS Listing ID 1037855
Rental Info No
Annual Tax Amount $38,522
Lot Size 35.600 Acres
Acres 35.6
Source onekey2
Property Description
A rare opportunity to acquire approximately 36 acres of income-producing lakefront property just
one hour north of New York City, with convenient access by both car and Metro-North.
The property combines immediate cash flow, substantial acreage, recreational appeal, and
significant long-term development potential.
The compound includes 11 homes, a fully on-grid tiny house, and an Argosy camper. The owner
holds six of the homes outright, while five additional homes occupy the property under land
leases. Together, these assets generate both residential rental income and recurring land-lease
revenue. At the asking price, the property produces a conservative 7.5% capitalization rate,
offering investors a turn-key opportunity with established income from day one.
Developers can unlock additional value through the property's substantial acreage and future
subdivision potential. The owner has already completed initial work toward subdividing the
property, including establishing a path to create two additional buildable lots. With approximately
36 acres, multiple potential building sites, and lakefront access, the property offers several
avenues for increasing value over time.
The property also presents a compelling opportunity for an owner-user seeking a private
Hudson Valley retreat. An owner could create an expansive upstate compound where family and
friends gather for weekends of boating, hiking, and outdoor recreation, while the existing homes
and land leases help offset the cost of ownership. The acreage also provides ample space to
develop a private estate or multi-generational family compound.
Rolling hills, mature landscaping, scenic trails, and the natural beauty of Lake Gilead surround
the property. The setting offers exceptional privacy while remaining remarkably accessible to
New York City - close enough for spontaneous weekends and extended stays, yet secluded
enough to feel like a true escape.
Generate income today. Create additional value tomorrow. This lakefront Hudson Valley
compound gives its next owner the flexibility to operate it as an income-producing investment,
pursue future development, create a private retreat, or combine all three.
Location
State NY
County Putnam County
Interior
Fireplace No
Building
Lot Description Views, Waterfront, Wooded
Sewer Septic Tank
Schools
Elementary Schools Kent Primary
Middle Schools George Fischer Middle School
High Schools Carmel
School District Carmel
Others
Senior Community No
Special Listing Condition None
NEARBY SCHOOLS & PROPERTIES
The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.