12
Map
10 Shamrock Drive
About This Property
Conveniently located near the Taconic State Parkway South, the property offers easy access for commuters while maintaining the peaceful character of Putnam Valley.
This 1.74-acre parcel is being sold only as a package with the adjoining 3-acre parcel. The parcels are not being offered separately. Together, they provide approximately 4.74 acres of combined land.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 14, 2026 | Listed by Schunk Realty Group | $105,000 | |
| Listed by Schunk Realty Group | |||
| Jun 10, 2026 | No longer available | - | |
| No longer available | |||
| Apr 28, 2026 | Price Decreased |
$105,000
↓ $5K
(4.6%) | |
| Price Decreased | |||
| Dec 15, 2025 | Listed by Keller Williams Prestige Prop | $110,000 | |
| Listed by Keller Williams Prestige Prop | |||
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Rare opportunity to acquire 1.74 acres of raw land in Putnam Valley within the Mahopac School District, offering both lifestyle appeal and development potential. The lot features a steep frontage from the road that quickly levels off, creating an ideal, usable building site well-suited for residential construction. Zoned R-3, this property presents flexibility for future development or long-term investment. Strategically located with quick access to the Taconic State Parkway South, the parcel is ideal for commuters while maintaining a private, wooded setting. For investors or end users seeking added value, this lot should be purchased alongside the adjacent 3-acre parcel offered at $149,000, allowing for increased acreage, expanded development options, increased density potential, enhanced privacy or private multi-lot estate. The options are endless.
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| Jul 1, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017