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Welcome to 1 Colonial Drive, where the best of Lake Mahopac living comes together with private lake access, an included boat slip, beautiful water views, and exceptional value. Situated at the southern end of the lake, this beautifully maintained Colonial offers 3 bedrooms, 3 full baths, 2, 386 square feet of living space, and a flexible floor plan with potential for a fourth bedroom. Inside, the home blends warmth and sophistication with rich hardwood floors, updated finishes, multiple fireplaces, and a thoughtfully designed layout offering a den and loft with stunning lake views. The renovated kitchen features custom cabinetry, granite countertops, stainless steel appliances, and seamless access to both formal and casual dining areas. The spacious primary suite serves as a private retreat, complete with a fireplace, spa-inspired bath, and private balcony overlooking Lake Mahopac. A private boat slip provides effortless access to boating, waterskiing, fishing, and endless days on the water, while the elevated deck offers picturesque lake views and the perfect place to enjoy morning coffee or evening sunsets. Designed for both relaxation and entertaining, the professionally landscaped grounds feature a private patio, covered outdoor living area, and hot tub, creating a true backyard oasis. Completely move-in ready and available furnished, the home has been tastefully appointed and successfully operated as a short-term rental, offering a turnkey opportunity for full-time residents, weekend homeowners, or investors alike. Enjoy the coveted Lake Mahopac lifestyle with waterfront dining, local shops, golf courses, parks, & hiking trails all nearby, while remaining just over an hour from Manhattan. Offering private lake access, scenic water views, and all the benefits of lake living without the high taxes associated with lake front, 1 Colonial Drive presents a rare opportunity to own in one of Putnam County's most desirable lake communities.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$979,000
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 | $783,200 | $783,200 | $783,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.086% | 6.183% |
| Monthly Tax Payment | $1,441 | $1,441 | $1,441 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,447 | $4,696 | $6,609 |
| Total Monthly Payment | $5,980 | $6,229 | $8,142 |
* 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.