Coming Soon

47 Rock Road

Carmel, NY 10512
Mark as Favorite
Acres35.60

Acres(Lot)

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 e stablished 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.

Read More Expand

Detail Ic Property Details

Property Type : Land

Price : $2,350,000

AD Id : 89536544

MLS Id : 1037855

Lot Size : 35.60 Acres(Lot)

County : Putnam

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Lot Information

    Lot Size Acres: 35.6 Lot Size Square Feet: 1550736 Lot Description: Views, Waterfront, Wooded

  • Listing Price Information

    Listing Price: $2350000

  • Tax Information

    Parcel Number: 372000-055-000-0002-017-000-0004 Annual Tax: $38522

  • School Information

    Elementary School: Kent Primary
    Junior High School: George Fischer Middle School
    Senior High School: Carmel High School
Sell a home like this and save $140,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Tibet Drive, Carmel, NY, 10512 $70,000 -- -- -- 0.78 Acre(Lot)
Rt-301, Carmel, NY, 10512 $250,000 -- -- -- 20.44 Acres(Lot)
1969 Route 6, Carmel, NY, 10512 $499,000 -- -- -- 4.02 Acres(Lot)
LOT 42 Ludingtonville .., Carmel, NY, 10512 $34,000 -- -- -- 2.78 Acres(Lot)
21 Amawalk Road, Carmel, NY, 10512 $235,000 -- -- -- 0.18 Acre(Lot)
Ludington, Carmel, NY, 10512 $35,000 -- -- -- 0.79 Acre(Lot)
14 Hawthorne Road, Carmel, NY, 10512 $40,000 -- -- -- 0.28 Acre(Lot)
Route 52, Carmel, NY, 10512 $59,999 -- -- -- 0.22 Acre(Lot)
LOT 41 Towners Road, Carmel, NY, 10512 $24,900 -- -- -- 0.25 Acre(Lot)
Anthony Road, Carmel, NY, 10512 $199,000 -- -- -- 0.83 Acre(Lot)

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

ByOwner last updated this listing 08/24/2026 @ 05:38

MLS: 1037855 LISTED BY: Nicholas Sten, Corcoran Country Living 845-765-4888 SOURCE: OneKey MLS

Homes around $2,350,000

Selling? Save $140,501 when you sell a home like this

Tour with a ByOwner Agent