47 Rock Road N, Carmel, NY 10512

Property Description

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.