Rare opportunity to own a beautifully maintained legal two-family home in Lake Peekskill, Putnam Valley, offering income potential, flexible living arrangements, and sweeping year-round views of Junior Lake. Whether you're looking for an income-producing property, a home with a legal accessory apartment, a mortgage-offset opportunity, or flexible multi-generational living, this versatile property offers exceptional possibilities in a desirable Hudson Valley lake community.
The main residence features a bright, thoughtfully designed floor plan with a formal dining room accented by a custom wood ceiling, an updated eat-in kitchen with refreshed cabinetry, stainless steel appliances, breakfast bar seating, tile flooring, and a sunny breakfast nook. The spacious living room features a picturesque bay window framing sweeping year-round Junior Lake views, while the primary suite offers a renovated ensuite bath, complemented by additional bedrooms and a second full bath.
The legal lower-level apartment offers two private entrances, a living room, bedroom, renovated full bath, and direct access to an expansive brand-new deck overlooking the backyard and Junior Lake. The apartment was recently used for extended family, so the stove and refrigerator were removed and the interior door separating the apartment from the main residence will need to be reinstalled to restore its original configuration. Existing kitchen cabinetry and plumbing remain in place, making it easy for the next owner to reinstall the appliances and return the apartment to its intended use.
The outdoor spaces are equally inviting, with beautifully maintained perennial gardens, mature landscaping, seasonal blooms, and private areas for outdoor dining, entertaining, and relaxing. Recent improvements include a new septic tank, removal of the underground oil tank, energy-efficient ductless air conditioning on both levels, and a heat pump incorporated into the home's HVAC system, and brand new deck.
Enjoy Lake Peekskill lake rights, including swimming, fishing, kayaking, and non-motorized boating. Conveniently located near the Taconic State Parkway, Route 6, Metro-North, shopping, dining, and the many recreational opportunities throughout the Hudson Valley.
Legal two-family living, lake community amenities, Junior Lake views, income potential, and a flexible lower-level apartment make this a unique opportunity in Putnam Valley. With the recent price improvement, this is an excellent opportunity for buyers seeking versatility, value, and the lifestyle of a Hudson Valley lake community.
Sherri Malone
0817409 CT, 10301220035 NY
Mobile
(914) 382-1917
Listing by: ONEKEY as distributed by MLS GRID / Listed By: Sherri Malone, Coldwell Banker Realty
$1,375,000 (USD)
Putnam Valley Area Single Family Home
Active
580 Oscawana Lake Road Putnam Valley, NY 10579
4 Bed
3 Baths
3852 sqft
MLS# 965469
One of Putnam Valley's Most Exceptional Private Estates—Nearly 60 Acres Bordering Fahnestock State Park, Offering Unmatched Privacy, Natural Beauty, and a Convenient Location Near New York City.
Set on nearly 60 acres of rolling countryside and directly adjoining protected state parkland, this extraordinary property offers a level of peace, space, and natural beauty that is increasingly rare to find. From the moment you arrive, the setting is captivating. A long private driveway winds through mature trees, landscaped gardens, and sunlit clearings, revealing a home perfectly positioned within its surroundings.
The grounds are truly remarkable. Explore approximately 1.5 to 2 miles of private trails, enjoy elevated views across the landscape, watch wildlife in its natural habitat, or spend quiet afternoons beside the property's charming pond, once enjoyed as a winter skating destination. Every season brings a new perspective, creating a setting that feels worlds away while remaining conveniently accessible.
Custom built and meticulously maintained by its original owner, the nearly 3,900-square-foot Colonial combines timeless design with comfortable living. A dramatic two-story foyer welcomes you inside, flanked by formal living and dining rooms that flow effortlessly into the heart of the home.
The spacious family room, anchored by a wood-burning fireplace, opens to a well-appointed kitchen with granite countertops and abundant workspace. Just beyond, an expansive screened porch provides the perfect place for morning coffee, outdoor dining, entertaining, or simply taking in the beauty of the surrounding landscape.
The main level also includes a powder room, laundry area, garage access, and a versatile bonus room with a separate staircase, offering flexibility for a home office, studio, fitness room, recreation space, or guest accommodations.
Upstairs, four generously sized bedrooms include a beautifully updated primary suite featuring a spa-like bath with radiant heated floors, a freestanding soaking tub, glass-enclosed shower, and two walk-in closets. A dedicated office provides additional space for remote work or creative pursuits.
Whether enjoyed as a year-round residence or a peaceful escape from city life, the property offers an exceptional balance of seclusion and convenience. Major highways, Metro-North, shopping, dining, the Hudson River, and the many attractions of the Hudson Valley are all within easy reach.
Properties of this scale and setting rarely become available. Bordering thousands of acres of protected parkland and offering an extraordinary connection to nature, this is a truly special opportunity to own one of Putnam Valley's most distinctive properties.
Sherri Malone
0817409 CT, 10301220035 NY
Mobile
(914) 382-1917
Listing by: ONEKEY as distributed by MLS GRID / Listed By: Sherri Malone, Coldwell Banker Realty
The main residence features a bright, thoughtfully designed floor plan with a formal dining room accented by a custom wood ceiling, an updated eat-in kitchen with refreshed cabinetry, stainless steel appliances, breakfast bar seating, tile flooring, and a sunny breakfast nook. The spacious living room features a picturesque bay window framing sweeping year-round Junior Lake views, while the primary suite offers a renovated ensuite bath, complemented by additional bedrooms and a second full bath.
The legal lower-level apartment offers two private entrances, a living room, bedroom, renovated full bath, and direct access to an expansive brand-new deck overlooking the backyard and Junior Lake. The apartment was recently used for extended family, so the stove and refrigerator were removed and the interior door separating the apartment from the main residence will need to be reinstalled to restore its original configuration. Existing kitchen cabinetry and plumbing remain in place, making it easy for the next owner to reinstall the appliances and return the apartment to its intended use.
The outdoor spaces are equally inviting, with beautifully maintained perennial gardens, mature landscaping, seasonal blooms, and private areas for outdoor dining, entertaining, and relaxing. Recent improvements include a new septic tank, removal of the underground oil tank, energy-efficient ductless air conditioning on both levels, and a heat pump incorporated into the home's HVAC system, and brand new deck.
Enjoy Lake Peekskill lake rights, including swimming, fishing, kayaking, and non-motorized boating. Conveniently located near the Taconic State Parkway, Route 6, Metro-North, shopping, dining, and the many recreational opportunities throughout the Hudson Valley.
Legal two-family living, lake community amenities, Junior Lake views, income potential, and a flexible lower-level apartment make this a unique opportunity in Putnam Valley. With the recent price improvement, this is an excellent opportunity for buyers seeking versatility, value, and the lifestyle of a Hudson Valley lake community.