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    Lakefront Barn and Glamping Island Title is generated by Realmo AI

    71 Lake Shore Drive, Pine Plains, NY 12567

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    For Sale
    $975,000

    Three-parcel Hudson Valley lakefront package with a barn loft and a private island glamping setup.

    Type:Land
    Lot size:
    1.11 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 4:45 am

    Property Features for 71 Lake Shore Drive

    General Information

    Standard status
    Active
    Lot size
    1.11 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Kelly R. Romano

    Listing agent Kelly R. Romano

    Listing office Keller Williams Realty

    Listing date Jun 1, 2026

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty

    HighLights

    • 0.85‑acre cleared mainland lakefront parcel with lakefront/waterfront access and views of Stissing Mountain
    • Includes private island ownership on Twin Island Lake (one of only two private islands), currently operated as an Airbnb glamping setup
    • Barn with loft on the mainland; electric is available for the loft
    • Island glamping amenities include a warming gas fireplace, covered kitchen area, safari tent with bed, on‑site toilet, and solar shower
    • Water features include lake privileges/lake rights, plus a floating dock and outdoor fire pit
    • Also includes an additional 0.01‑acre lake access property; property is served by a public maintained road

    Overview

    This sale offers a three-parcel lakefront package on Twin Island Lake in Pine Plains, NY. The mainland portion is a cleared waterfront parcel with a solid barn featuring a spacious loft; electric service is listed as available to support future interior improvements and flexible use. Outside, the property includes a floating dock, a fire pit, and picnic-table area intended for lakeside recreation.

    The package also includes a private island described as one of only two private islands on Twin Island Lake. That island is currently set up for short-term rental use as a glamping Airbnb and includes a gas fireplace, a covered kitchen area, a raised platform with safari tent and bed, plus an outdoor fire pit for evenings. On-island convenience features are listed as an on-site toilet and solar shower.

    Rounding out the offering, an additional lake access property is included, providing extra flexibility for layout and use. The combined configuration supports a buyer looking for a distinctive waterfront property with existing structures, direct water access via the dock, and a turn-key island glamping arrangement that can be continued or reserved privately. The listing also notes unobstructed lakefront views and sightlines to Stissing Mountain.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Pine Plains
    County
    Dutchess
    State
    New York
    Longitude
    -73.6679781
    Latitude
    41.9811765

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    FAQs

    What type of property is this?
    Waterfront Land - Three-parcel Hudson Valley lakefront package with a barn loft and a private island glamping setup.
    Where is this waterfront land located?
    The property is located at 71 Lake Shore Drive Pine Plains, NY.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: 0.85‑acre cleared mainland lakefront parcel with lakefront/waterfront access and views of Stissing Mountain; Includes private island ownership on Twin Island Lake (one of only two private islands), currently operated as an Airbnb glamping setup; Barn with loft on the mainland; electric is available for the loft
    (845) 928-8000
    We can help!
    Listing Contact
    Kelly R. Romano
    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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