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47 Rock Rd N

carmel, NY 10512

US$2,350,000

    Interested? Let's Connect

    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. When fully occupied, the property produces a 7.5% capitalization rate, offering
    investors a turn-key opportunity with established income from day one. All current tenants are
    on month-to-month leases allowing for maximum flexibility for the new owner.

    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.

    The current owners use the house at 47 Rock Rd, along with the attached ‘glampground’ as a
    private getaway from the city. They have spent years clearing and beautifying the land, including
    planting ornamental cherry trees throughout the property. Spring hikes, huge outdoor gatherings
    in summer, camping in fall, sledding in winter, they use the property as a year-round destination
    for friends and family.

    The property is offered 100% turn-key - the tiny home, RV, plow truck, and UTV all convey with
    the sale.

    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.

    Details

    35.6 Private Acres Lot Size

    land

    US$3,210 Monthly Tax

    MLS/Listing ID 1037855

    Amenities & Features

    Septic System

    Lot - Wooded

    Lot - Waterfront

    Lot - Views

    Estimate my mortgage

    TOTAL MONTHLY COST

    US$0

    • PRINCIPAL & INTEREST

      US$0

    • PROPERTY TAXES

      US$0

    • Common Charges

      US$0

    HOME PRICE
    DOWN PAYMENT
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    Interested In 47 Rock Rd N?

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