47 Rock Road N, Carmel, NY 10512

Carmel
Local realty services provided by:Better Homes and Gardens Real Estate Dream Properties
47 Rock Road N,Carmel, NY 10512
$2,350,000
  • - Acres
  • Lots / Land
  • Coming Soon
Listed by: nicholas sten
Office: corcoran country living
MLS#:1037855
Source:OneKey MLS

Price summary

  • Price:$2,350,000

About this home

Lucrative Lakefront Investment & Development Opportunity - 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. At the asking price, the property produces a conservative 7.5% capitalization rate, offering investors a turn-key opportunity with established income from day one. Developers can unlock additional value through the property’s substantial acreage and future subdivision potential. The owner has already completed initial work...

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Home facts

  • Listing ID #:1037855
  • Updated:August 14, 2026 at 10:51 PM

Structure and exterior

  • Lot Features:Views, Waterfront, Wooded

Schools

  • High school:Carmel High School
  • Middle school:George Fischer Middle School
  • Elementary school:Kent Primary

Utilities

  • Sewer:Septic Tank

Finances and disclosures

  • Price:$2,350,000
  • Tax amount:$38,522 (2025)
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