20 Point Drive S, Lake Peekskill, NY, 10537 | $749,900

Offered for the first time in 70 years, this extraordinary waterfront lake house presents a rare opportunity to own a cherished family retreat on coveted Point Drive South — the most private, peaceful, and picturesque section of Heart Shaped Lake. Set on one of the largest and most impressive waterfronts ever available here, this remarkable property has been lovingly owned by the same family for seven decades and filled with generations of treasured memories. Nestled on a cul-de-sac just 60 minutes from Manhattan, this remarkable property offers charm, lake views, and an unmatched connection to nature. For years, this home has been the backdrop for summers spent fishing, boating, and kayaking, along with winters filled with skating across the frozen lake — a true four-season lifestyle enjoyed year after year. Equally special is the close-knit neighborhood, where neighbors of more than 65 years have become lifelong friends, creating a friendly and welcoming lakeside community. Surrounded by the beauty of nature, the lake is home to an abundance of wildlife, including graceful shore birds and majestic eagles often seen soaring above the water, adding to the peaceful and picturesque setting enjoyed throughout every season. Winter transforms the lake into a serene wonderland, perfect for skating and taking in the quiet beauty of the snow-covered landscape. This spacious home features four bedrooms, two baths, and a dedicated office, offering flexibility for full-time living, guests, or working remotely in a serene lakeside setting. The primary suite is a peaceful private sanctuary complete with its own balcony overlooking the lake — the perfect place to enjoy morning coffee or breathtaking sunset views across the water. At the heart of the home is an impressive 500-square-foot living room designed to capture the beauty of the lake from nearly every angle. Floor-to-ceiling windows fill the space with natural light while framing sweeping waterfront views. A stunning wood-burning fireplace creates warmth and character, while the expansive wraparound deck seamlessly extends the living space outdoors for effortless entertaining and panoramic lake views. Beautiful stained-glass accents throughout the home further enhance its unique architectural charm and inviting atmosphere. The dining room features a dramatic wall of floor-to-ceiling windows with elegant French doors leading out to the rear deck, creating a stunning indoor-outdoor dining experience overlooking the lake. The home beautifully blends timeless character with over $125, 000 in recent improvements, including new Andersen energy-efficient windows and patio/balcony sliding doors, a newly installed Belgian block-lined gravel driveway, new automatic garage door, new LeafGuard gutters, new flooring in the kitchen, dining room, and living room, refinished original wood floors in all bedrooms and the home office, and new kitchen appliances. The grounds are simply spectacular. Mature plantings, vibrant perennial gardens, impressive stone walls surrounding much of the property, two magnificent magnolia trees, a greenhouse, and exquisite stonework throughout create a setting unlike any other. A beautiful pergola with a stone patio and a picturesque turret overlooking the water offer additional outdoor spaces ideal for entertaining, relaxing, or enjoying quiet evenings by the lake. The expansive front and back yards provide ample space for gatherings while the walkout basement leads directly to a private dock, providing effortless access to boating, kayaking, fishing, and all the beauty of lakefront living. Every season at this extraordinary home offers its own beauty — from vibrant spring blooms and lush summer landscapes to spectacular autumn colors and peaceful snow-covered winter mornings. More than a home, this is a rare legacy property where nature, tranquility, privacy, and lifelong memories come together on one of Heart Shaped Lake’s most extraordinary waterfront settings.

Features

  • Rooms: 8
  • Bedrooms: 4
  • Baths: 2 full
  • Laundry: Electric Dryer Hookup, In Basement, Washer Hookup
  • Style: Colonial
  • Year Built: 1940
  • Garage: 2-car
  • Heating: Hot Water, Oil, Steam
  • Cooling: Wall/Window Unit(s)
  • Basement: Full, Storage Space, Walk-Out Access
  • Approx Sq. Feet: 2,044
  • Acreage: 0.25
  • Est. Taxes: $17,071
  • Lot Desc: Back Yard, Cul-De-Sac, Front Yard, Garden, Landscaped, Level, Near Golf Course, Near Public Transit, Near School, Near Shops, Private, Stone/Brick Wall, Views, Waterfront
  • View: Lake, Open, Panoramic, Water
  • Water Front: Yes
  • Elem. School: Putnam Valley Elementary School
  • Middle School: Putnam Valley Middle School
  • High School: Putnam Valley High School
  • School District: Putnam Valley
  • Appliances: Dishwasher, Dryer, Exhaust Fan, Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer, Oil Water Heater
  • MLS#: 996251
  • Days on Market: 3 days
  • Website: https://www.raveis.com
    /prop/996251/20pointdrives_lakepeekskill_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of RE/MAX Classic Realty   Phone: 914-243-5200

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

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20 Point Drive S, Lake Peekskill, NY, 10537

$749,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $599,920 $599,920 $599,920
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.625% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.609% 6.776% 6.078%
Monthly Tax Payment $1,423 $1,423 $1,423
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,694 $3,841 $5,022
Total Monthly Payment $5,209 $5,356 $6,537

* 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.