48
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122 Dutchess Drive
About This Property
The main living space is warm and inviting, featuring hardwood floors, oversized windows, and an effortless flow from the kitchen to the dining room and living room. The wide galley kitchen offers abundant cabinetry, generous counter space, and stainless steel appliances. A passthrough window to the living room welcomes natural light and shimmering lake views.
The light-filled living room is designed for year-round enjoyment, whether watching ducks glide across the lake or relaxing beside the stone fireplace on a crisp winter day. Just steps away, the dining room showcases beautiful water views and serves as an ideal setting for intimate dinners or larger celebrations. Adjacent to the dining area, the screened-in porch features a high wood-accented ceiling and ample room for al fresco dining while overlooking the lake.
The main level also includes a private office, a tucked-away bedroom with hardwood floors and custom built-ins, and a full bath beautifully appointed with a glass-enclosed shower, pedestal sink, and soaking tub. With tranquil lake views, the bath creates a peaceful retreat to unwind at the end of the day.
Upstairs, the home's charm continues with a cozy landing perfect for a reading nook, a versatile skylit bonus room with hardwood floors, a second bedroom overlooking the lake, and a spacious bath with dual pedestal sinks and a large soaking tub. This upper level offers an ideal guest suite or private primary retreat.
The outdoor spaces are equally inviting, featuring a stone patio, multiple private seating areas, beautiful mature shade trees, a greenhouse, and easy lake access for swimming, kayaking, and boating. An oversized outbuilding completes the property. Once used as an artist's studio, its abundant natural light, high ceilings, and expansive windows make it ideal for a creative workspace, yoga studio, game room, or additional recreational use.
Designed for both full-time living and weekend escapes, this home offers four seasons of enjoyment-from kayaking on summer mornings and vibrant autumn foliage to picturesque winter lake views and the renewal of spring. Conveniently located just 70 minutes from New York City and close to I-84, I-684, the Taconic Parkway, nearby Metro-North Railroad stations, shopping, walking trails, restaurants, and the charming Village of Pawling, this exceptional property is a rare opportunity to experience the best of Hudson Valley lakefront living.
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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 12, 2026 | In contract | - | |
| In contract | |||
| May 24, 2026 | Listed by Houlihan Lawrence Inc. | $875,000 | |
| Listed by Houlihan Lawrence Inc. | |||
| Oct 29, 2003 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017