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Legal Two-Family | Income-Producing Opportunity | Sweeping Year-Round Views of Junior Lake Rare opportunity to own a beautifully maintained legal multi-unit home in the sought-after Lake Peekskill community of Putnam Valley. Whether you're an investor looking to generate rental income, an owner-occupant hoping to offset your mortgage, or a buyer seeking flexible multi-generational living, this versatile property offers the perfect blend of income potential, comfort, and natural beauty. The main residence welcomes you with a bright, thoughtfully designed floor plan featuring 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 is anchored by a picturesque bay window framing sweeping year-round views of Junior Lake, while the primary suite offers a renovated ensuite bath, complemented by additional bedrooms and a second full bath. Designed as a legal apartment, the walkout lower level features two private entrances, a living room, bedroom, renovated full bath, and direct access to an expansive brand-new deck overlooking the backyard and sweeping year-round views of Junior Lake. The apartment was recently used to accommodate 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, allowing the next owner to easily reinstall the appliances and door, returning the apartment to its original use. Outside, the property truly shines. Thoughtfully curated perennial gardens, colorful seasonal blooms, mature landscaping, and peaceful outdoor living spaces create a private retreat that's perfect for entertaining, dining al fresco, or simply relaxing while enjoying the tranquil surroundings. 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 built into the home's HVAC system. Residents enjoy Lake Peekskill lake rights with swimming, fishing, kayaking, and non-motorized boating, along with easy access to Metro-North, the Taconic State Parkway, Route 6, shopping, dining, and the many outdoor recreational opportunities the Hudson Valley has to offer. Offering income potential, flexible living arrangements, exceptional outdoor living, sweeping year-round views of Junior Lake, and beautifully maintained gardens, this legal two-family presents a rare opportunity to enjoy the best of Hudson Valley living while building long-term value.
Property Type(s):
Multi Family
| Last Updated | 7/22/2026 | Year Built | 1945 |
|---|---|---|---|
| County | Putnam |
SCHOOLS
| Elementary School | Putnam Valley Elementary School |
|---|---|
| Jr. High School | Putnam Valley Middle School |
| High School | Putnam Valley High School |
Additional Details
| AIR | Central Air, Ductless |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Refrigerator |
| BASEMENT | Crawl Space, Finished, Full |
| CONSTRUCTION | Frame |
| EXTERIOR | Garden |
| HEAT | Heat Pump, Oil |
| INTERIOR | Breakfast Bar, Ceiling Fan(s), Chandelier, Eat-in Kitchen, In-Law Floorplan, Recessed Lighting, Smart Thermostat, Storage |
| LOT | 0.6187 acre(s) |
| PARKING | Driveway |
| SEWER | Septic Tank |
| STYLE | Ranch |
| TAXES | 13173 |
| UTILITIES | Cable Connected, Electricity Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Lake, Mountain(s), Neighborhood, Trees/Woods, Water |
| WATER | Private, Well |
| WATERFRONT DESCRIPTION | Pond, Waterfront Access |
Location
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Listed with Coldwell Banker Realty
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The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Suburban Realty are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information deemed reliable but not guaranteed.
Date Last Updated: 7/22/26 7:45 PM PDT
This IDX solution is (c) Diverse Solutions 2026.
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