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361 Lake Drive

Lake Peekskill, NY 10537

$649,900 $2,740/Mo

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Overview

Bed

Bath

0.49

Acre(Lot)

Description

They didn't build many true two-family homes here, which is exactly why 361 Lake Drive is so extraordinary. In fact, it's one of the only ones in town. Whether you're looking for an exceptional investment, a place where rental income helps offset expenses, or a flexible setup where loved ones can live together while maintaining their own privacy, this property offers versatility that is incredibly hard to come by. Then there's the house itself. What sets this home apart is the character you simply cannot recreate. Beautifully updated while honoring its original design, every space showcases timeless qualities and distinguished touches that make it truly special. Stunning built-in bookshelves, original woodwork, antique doorways, a wood-burning fireplace, and graceful flow throughout create s a sense of warmth, charm, and individuality. There are two spacious separate apartments, each with its own private entrance and electric meter, plus an additional landlord meter servicing the basement. Live in one apartment and rent the other, rent both for income, or create the perfect arrangement for extended family or friends. The first apartment offers expansive living and dining spaces, a charming vintage-inspired eat-in kitchen, two comfortable bedrooms, a full bath, office or guest space, and an enclosed porch with seasonal lake views. The kitchen brings so much personality with turquoise cabinetry, crisp white appliances, an antique sink, patterned walls, and a propane stove. Just imagine the meals prepared and gatherings shared in this truly unique space. Upstairs, the second apartment continues the home's timeless character with library-style built-ins, another blissfully updated eat-in kitchen, two additional bedrooms, a bonus room, remodeled bath, and an incredible double terrace overlooking the property with seasonal lake views. Whether you're enjoying morning coffee, working outside with your laptop, or relaxing with a good book, this peaceful outdoor space is sure to become a favorite. Outside, North Beach is just behind the house, and you'll enjoy lake rights to all three neighborhood beaches for kayaking, canoeing, fishing, or simply relaxing by the water. The full walk-out basement offers abundant storage with exciting potential for future finishing. Recent improvements include a roof and water tank replaced approximately six years ago, a first-floor hot water heater replaced just one year ago, a second-floor hot water heater replaced this March, a complete whole-house electrical rewire completed in April 2026 and approved by the town, a remodeled second-floor bathroom, new second-floor kitchen flooring, new first-floor hallway flooring, refinished exterior concrete steps, new Trex steps leading to the back, interior rooms all freshly painted, and the entire exterior has been stripped and completely repainted new! Just minutes from shopping, restaurants, schools, and everyday conveniences, with highways and Metro-North approximately 10 minutes away, commuting to New York City is incredibly convenient. Enjoy easy access to the city while coming home to peaceful lake surroundings. And perhaps the most remarkable part of all... A true two-family home of this size could easily command well over $1 million in New York City. Here, just about an hour from Manhattan, you can own a property with income potential, lake rights, beautiful surroundings, and original character for only $649,900. Properties with this combination of versatility, charm, and setting are truly special and rarely available.

Property Details

Property Type : Residential Income

Price : $649,900

AD Id : 88019511

MLS Id : 1021571

Beds : 4

Lot Size : 0.49 Acre

Year Built : 1936

County : Putnam

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 4

Bathroom Information

Total Baths: 2 Full Baths: 2

Room Information

Basement: Full, Storage Space, Walk-Out Access
Flooring Information

Hardwood
Interior Features

Beamed Ceilings, Built-in Features, Eat-in Kitchen, Entrance Foyer, His and Hers Closets, Natural Woodwork, Pantry, Master Downstairs, Storage Appliances: Refrigerator Laundry Features: Electric Dryer Hookup, In Basement, Washer Hookup
Heating & Cooling

Has Heating: Yes Heating: Wood Stove, Electric Has Cooling: Yes Cooling: Wall/Window Unit(s)

Building Information

Year Built: 1936 Building Area Total: 1920 Construction Materials: Frame Patio And Porch Features: Covered, Patio, Porch, Screened, Terrace Private Pool: No Water front Features: Lake Privileges, Waterfront Access View: Lake
Exterior Features

Exterior Features: Balcony, Lighting, Rain Gutters

Lot Information

Lot Size Acres: 0.49 Lot Size Square Feet: 21344 Lot Description: Near Golf Course, Near Public Transit, Private, Views, Waterfront

Listing Price Information

Listing Price: $649900

Tax Information

Parcel Number: 372800-083-058-0001-070-000-0000 Annual Tax: $10082.43

Parking Information

Parking Total: 2 Driveway, Off Street, Private

School Information

Elementary School: Putnam Valley Elementary School

Junior High School: Putnam Valley Middle School

Senior High School: Putnam Valley High School
Utility Information

Cable Available, Electricity Connected, Phone Available, Propane, Water Connected
Location Information

WaterSource: Public, Private, Well Security Features: Security System, Smoke Detector(s)

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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 07/18/2026 @ 17:00

MLS: 1021571 LISTED BY: Christine Rowley, RE/MAX Classic Realty 914-243-5200 SOURCE: OneKey MLS

361 Lake Drive

Property Details

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Features

Interior Features

Exterior Features

Property / Lot Details

Listing Information

Taxes / Assessments

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