Jeffrey Farnell - Smitchger Realty Logo
$3,400,000
 $18,252 est/mo Sourced by Back At You

29-35 Bowen Court,Holmes, NY 10512

Holmes, NY 10512

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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 $15,600 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.

Details

MLS #1011237
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site76
Listing Provided ByJulia B Fee Sothebys Int. Rlty | Sandra O. Rooney

Features

Acreage98.77
Property ViewLake

Utilities

UtilitiesElectricity Connected, Underground Utilities
SewerShared Septic

Taxes

Tax Year2026
Tax Annual Amount95779

Area Information

StateNY
CountyPutnam County
CityHolmes
Zip Code10512
School DistrictCarmel High School
Elementary SchoolKent Elementary
High SchoolCarmel High School
Listing VS Median (in 10512)
Price:
$3,400,000
low | high
Med:
$515,000
100% of Average
On site:
76
low | high
Med:
6
100% of Average
Sourced by Back At You

Market Activity 10512

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Learn More About This Property

Jeffrey Farnell

Jeffrey Farnell

John J Lease REALTORS

GRI (914) 850-1257jeffreygfarnell@yahoo.com
StateNY
CountyPutnam County
CityHolmes
Zip Code10512
School DistrictCarmel High School
Elementary SchoolKent Elementary
High SchoolCarmel High School
Listing VS Median (in 10512)
Price:
$3,400,000
low | high
Med:
$515,000
100% of Average
On site:
76
low | high
Med:
6
100% of Average
Sourced by Back At You
Listing Updated: August 25, 2026 at 5:46:02 PM PDT

Jeffrey Farnell - Smitchger Realty