$2,350,000
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.
1037855
MLS
47 Rock Road N, Carmel
