LOT SIZE 98.770 acres
MLS#1011237
STATUSActive
PROPERTY TYPELand - Residential
SCHOOLCarmel
Property Description
Exceptional investment and development opportunity offering nearly 100 acres across two contiguous parcels with six existing single-family homes, including two waterfront residences situated on a private 5-acre lake. Owned by the same family since 2001, the property was privately occupied until 2016 and is now fully leased, providing immediate income with significant upside potential. All tenants are currently on month-to-month leases, and rents are believed to be below current market rates. The portfolio includes three 3-bedroom homes, two 5-bedroom homes, and one 6-bedroom home. Current gross rental income is approximately $16,150 per month, with rents remaining largely unchanged for many years. Additional features include shared well water and septic systems, a private dead-end road setting, and substantial undeveloped acreage. The property is currently approved for single-family residential use and presents a rare opportunity for investors, developers, builders, or end users seeking a private compound, income-producing asset, or future development potential. Buyers are encouraged to conduct their own due diligence regarding zoning, subdivision possibilities, and development opportunities.
Property Features
Property Type: Land - Residential
Lot Size: 98.77 Acres
Taxes: $166,592
Feature Descriptions
Current Use: Single Family
Days on Site: 1
Inclusions: 46 Bowen Court, Holmes, NY 12531
Number Of Lots: 2
On Market Date: 2026-06-12
Other Structures: Residence
Rental Term: Monthly
Sewer: Shared Septic
Special View Info: Lake
Utilities: Electricity Connected, Underground Utilities
Water: Shared Well
Local Schools
High School: Carmel High School
Middle School: George Fischer Middle School
Elementary School: Kent Elementary
School District: Carmel
Estimate Your Payment
Estimated Payment
$ 32,066.58 per month $17,192.25 Principal & Interest $13,882.67 Property Tax $991.67 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Julia B Fee Sothebys Int. Rlty
Agency Contact: 914-295-3500
Shown By
Agent Name: Susan Pfautsch
Agent Phone: (631) 521-5030 Cell
Agency Title: Coldwell Banker American Homes
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29-35 Bowen Court | MLS# 1011237
This land located at 29-35 Bowen Court, Holmes, NY 10512 is currently listed for sale with an asking price of $3,400,000. The property has approximately 98.77 Acres. 29-35 Bowen Court is located within the Carmel school district. Search Holmes real estate on susanpfautsch.cbamhomes.com today.