NY
Putnam
Carmel
10512
47 Rock N Road
47 Rock N Road, Carmel, NY 10512
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Listing Type
Lots/Land
Listing Status
Coming Soon
3
$2,350,000

Home Details for 47 Rock N Road

Price
$2,350,000
Type
Land
Lot size acres
35.6
County
Putnam
MLS Listing#
1037855
Property Description

Lucrative Lakefront Investment & Development Opportunity - 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.

Property Features
    School Information
    School Information for 47 Rock N Road, Carmel, NY 10512
    Elementary School
    Kent Primary
    Middle School
    George Fischer Middle School
    High School
    Carmel High School
    Listing Courtesy: Corcoran Country Living - 845-765-4888
    Presented by: Nicholas Sten
    The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 OneKey MLS. All Rights Reserved
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    EXIT REALTY CONNECTIONS
    2790 W. Main St., Wappingers Falls, NY 12590
    Office
    845 298 6034
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