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A rare opportunity to own five acres of private lakefront just an hour from New York City in the coveted Tomkins Lake Colony. This Arts & Crafts–inspired retreat offers sweeping lawns that gently descend to the water, creating a true upstate sanctuary for swimming, kayaking, boating, and quiet reflection. Extensive renovations completed in 2022, with the owner investing over $650, 000 (receipts available), thoughtfully blending timeless character with modern infrastructure. The main residence showcases expansive lake views, hardwood floors, a restored stone fireplace, all-new electric, new roof, all new leaf gutters front, back and on garage, new windows and doors, new insulation, and a new central AC system with all new ductwork. Two fully restored bluestone patios—one in the backyard and another above the studio apartment—offer exceptional indoor-outdoor living overlooking the lake. The home offers approximately 3, 460 square feet of fully finished living space, complemented by an impressive new garage built in 2022, designed to accommodate four vehicles with extra-tall doors, high-end wall-mounted openers, 100-amp electrical service, and additional attic storage. Including garage lifts, the property provides parking for up to five vehicles—a rare amenity for a lakefront estate. Adding flexibility and income potential, the property includes a private studio apartment with a separate driveway and separate entrance, featuring a full kitchen and bathroom with shower. Ideal for guests, extended stays, private office use, or rental income of approximately $1, 800 per month, while maintaining privacy from the main residence. The lakefront setting is truly exceptional, featuring a newly created private sandy beach with approximately 140 yards of imported sand, a swimming platform, and meticulously restored hand-built stone walls spanning approximately 200 feet along the shoreline—an irreplaceable and rarely replicated feature. One of the most significant value-add opportunities: the property comes with approved architectural plans to build an additional approximately 1, 500 square feet of living space. The permit has been renewed and is valid for another two years, allowing a future owner to expand without delay. Plans are available for review. Additional highlights include a new well pump (2024), propane furnace, oversized hot water heater, 500 gallon above ground tank, water softener, and extensive recent capital improvements throughout. A truly special lakefront estate offering privacy, acreage, water frontage, income potential, and approved expansion - ideal as a full-time residence or refined weekend retreat from New York City.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,200,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $960,000 | $960,000 | $960,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.875% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.925% | 5.858% | 5.681% |
| Monthly Tax Payment | $1,532 | $1,532 | $1,532 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,080 | $5,602 | $7,844 |
| Total Monthly Payment | $6,737 | $7,259 | $9,501 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.