238 Lakeview Drive Rd - 238 Lakeview Drive Rd 4,762 SF Specialty Building Offered at $1,614,662 CAD in Highland Lake, NY 12743

Prime Lakefront Investment – 8 Units, 3 Buildings, 1.6 Acres. Bring your vision to this rare vacant lakefront property offering endless potential for redevelopment, repositioning, or value-add investment. Set on a 1.6-acre lot with over 175 feet of shoreline, this multi-structure compound features three separate buildings with eight independent units, each equipped with kitchens and bathrooms. The property has been used as a family retreat and rental destination in the past, but is now ready for a complete update or redevelopment. With 11 total bedrooms, 8 bathrooms, and 8 kitchens, the possibilities are wide open: short-term rentals, long-term rentals, or a full transformation into a boutique resort, wellness retreats, or private family compound. Property Breakdown - Main Lodge: 4 units with private kitchens/baths, multi-level deck overlooking lake, and sandy beach access, Ranch-Style Lodge: 2 units with wraparound veranda. Bungalow: 2 studio-style units with kitchens. Outdoor amenities: Sandy beach, fire pit area, expansive front lawn for recreation. Key Highlights - Vacant & ready for rehab – value-add opportunity with strong upside. Zoned for rental flexibility – long-term or short-term potential. Direct lake frontage with motorboat access – rare in Sullivan County. Panoramic lake views from multiple units and decks. Convenient location within minutes to Monticello, Bethel Woods, Port Jervis transit, and just under 2 hours from NYC. This is a rare lakefront redevelopment play in one of New York’s most sought-after recreational regions. With demand for both vacation rentals and waterfront properties on the rise, investors and developers can capitalize on the location, scale, and flexibility this property offers. Don't miss this opportunity - call today for a private showing.
Once fully renovated and stabilized, the property is projected to generate an estimated net income of approximately $12,000 per month, or $144,000 annually in long term rentals. Operating expenses will vary based on the scope of renovations and future management structure. The previous owner did not operate the property as an income-producing asset, so full expense history is not available. However, annual property taxes are approximately $11,900, and there are no HOA fees, offering additional flexibility for future operations.