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    Highland Lake Dream Farmhouse Retreat Title is generated by Realmo AI

    286 Lakeview Drive Road, Highland Lake, NY 12743

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    For Sale
    $1,975,000

    Farm / Farmhouse, House (Detached) - Highland Lake, NY

    Type:Farm
    Property size:
    5,140 SF
    Lot size:
    3.27 Acres
    Price / SF:
    $384/SF
    Added:
    Dec 26, 2024
    Days on Market:
    512
    Last Refresh:
    May 22 at 4:06 am

    Property Features for 286 Lakeview Drive Road

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    100
    Bedrooms
    7
    Bathrooms
    5
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Den, Dining Room, Family Room, Kitchen, Living Room
    Parking features
    Garage, Garage - Attached
    Interior features
    Walk-in Closet
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Refrigerator, Washer
    Standard status
    Active
    Size
    5,140 SF
    Lot size
    3.27 Acres

    Taxes and HOA fees

    Tax Annual Amount
    17000

    Utilities

    Heating system
    Baseboard, Fireplace(s), Propane (Heating)
    Cooling system
    Central Air
    Water front features
    Wflake, Waterfront
    Water front
    1

    Building Details

    Year built
    2021
    Year renovated
    2021
    Floors in Building
    3
    Flooring type
    Carpet, Hardwood
    Building materials
    Wood Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Christine Dunn
    Christine Dunn

    Listing agent Christine Dunn

    Listing office Christine Dunn 286 Lakeview Dr rd, Highland Lake, NY

    Listing date Dec 26, 2024

    MLS# 11400293 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Direct Highland Lake access with private beach and dock.
    • Spacious 5,140 sqft farmhouse built in 2021, featuring 7 bedrooms and 4.5 bathrooms.
    • Lower‑level walk‑out with entertainment hub, guest bedroom, hot tub, and barbeque area.
    • Year‑round comfort with radiant heated floors, central air, six‑zone heating, and a propane‑powered generator.
    • Gourmet kitchen with butler's pantry and easy access to the patio.
    • Master suite with lake views, French doors to a private patio, walk‑in closet, and en‑suite bathroom.

    Overview

    Located 5.7 miles from the Eldred Preserve Restaurant and Resort, this 5,140 sqft farmhouse, built in 2021, features 7 bedrooms and 4.5 bathrooms on 3.27 acres. The property is perched above the 250-acre Highland Lake, where motorboats and wave runners are welcome. The main level includes a front porch with ceiling fans, a master suite with lake views, French doors to a private patio, and a walk-in closet. A junior master suite with a full bathroom is located across the hall. The living room features a wood-burning fireplace. The kitchen includes a butler's pantry, a dining space, and patio access. A mudroom and laundry combo are adjacent to an office. The second floor offers four bedrooms, a large family room, a full bath with a custom shower, and a second laundry room with hookups. The lower level includes an additional 2,000 sqft with a TV/game room, a full wet bar, a guest bedroom, and a full bathroom. Ample storage closets and a utility room are also located on this level, along with a heated garage with radiant heat. The walk-out provides access to a hot tub, barbeque area, and lake views, with a path leading to a private beach and dock. Radiant heated floors are throughout the basement, bathrooms, and garage, each with its own thermostat. Central air and six-zone baseboard heating provide year-round comfort. A propane-powered generator ensures power during outages.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Real Estate Agency Gym & Fitness Center Hotel & Motel Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Highland Lake
    County
    Sullivan
    State
    New York
    Longitude
    -74.842714
    Latitude
    41.530146

    FAQs

    What type of property is this?
    Farm - Luxury 7-bedroom farmhouse built in 2021 on Highland Lake.
    Where is this farm located?
    The property is located at 286 Lakeview Drive Road Highland Lake, NY.
    What is the asking price?
    The asking price for this property is $1,975,000.
    What are key features of this property?
    This property features: Direct Highland Lake access with private beach and dock.; **Spacious 5,140 sqft farmhouse** built in 2021, featuring 7 bedrooms and 4.5 bathrooms.; Lower‑level walk‑out with entertainment hub, guest bedroom, hot tub, and barbeque area.
    (718) 564-3394
    We can help!
    Listing Contact
    Christine Dunn
    Christine Dunn
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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