1 Colonial Drive, Mahopac, NY, 10541
About This Home
Welcome to 1 Colonial Drive, where the best of Lake Mahopac living comes together with private lake access, an included boat slip, beautiful water views, and exceptional value. Situated at the southern end of the lake, this beautifully maintained Colonial offers 3 bedrooms, 3 full baths, 2,386 square feet of living space, and a flexible floor plan with potential for a fourth bedroom. Inside, the home blends warmth and sophistication with rich hardwood floors, updated finishes, multiple fireplaces, and a thoughtfully designed layout offering a den and loft with stunning lake views. The renovated kitchen features custom cabinetry, granite countertops, stainless steel appliances, and seamless access to both formal and casual dining areas. The spacious primary suite serves as a private retreat, complete with a fireplace, spa-inspired bath, and private balcony overlooking Lake Mahopac. A private boat slip provides effortless access to boating, waterskiing, fishing, and endless days on the water, while the elevated deck offers picturesque lake views and the perfect place to enjoy morning coffee or evening sunsets. Designed for both relaxation and entertaining, the professionally landscaped grounds feature a private patio, covered outdoor living area, and hot tub, creating a true backyard oasis. Completely move-in ready and available furnished, the home has been tastefully appointed and successfully operated as a short-term rental, offering a turnkey opportunity for full-time residents, weekend homeowners, or investors alike. Enjoy the coveted Lake Mahopac lifestyle with waterfront dining, local shops, golf courses, parks, & hiking trails all nearby, while remaining just over an hour from Manhattan. Offering private lake access, scenic water views, and all the benefits of lake living without the high taxes associated with lake front, 1 Colonial Drive presents a rare opportunity to own in one of Putnam County's most desirable lake communities.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1948
Materials
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subType: Single Family Residence,Residential
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Gas Range,Microwave,Refrigerator,Stainless Steel Appliance(s),Washer
- Laundry features: Washer/Dryer Hookup
Basement
- Has basement: Yes
- Basement: Partially Finished
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Features
- First Floor Full Bath,Ceiling Fan(s),Eat-in Kitchen,Entrance Foyer,Primary Bathroom,Walk Through Kitchen
- Number of fireplaces: 2
- Fireplace: Yes
- Attic: Unfinished
Heating & Cooling
- Heating features: Hot Air,Oil,Propane
- Cooling features: Central Air
Interior Area
- Total structure area: 2,386
- Total interior livable area: 2,386 sqft
Property
Details
- Parcel number: 37200007504200010600000000
- Special condition: None
Features
- Patio & porch: Patio
- Exterior features: Balcony,Boat Slip,Dock,Fire Pit,Garden,Mailbox
- Has spa: Yes
- On waterfront: Yes
- Waterfront features: Lake Front,Lake Privileges,Water Access,Waterfront
Lot
- Lot size: 7,841 sqft
- Features: Back Yard,Corner Lot,Garden,Landscaped
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Putnam County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,950 | $59,400 |
| Home Insurance * | $330 | $3,960 |
| Property Taxes | $1,729 | $20,748 |
| Electricity | $394 | $4,731 |
| Total | $7,403 | $88,836 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-26 | Listed for sale | $979,000 |
| 2001-09-20 | Sold | $295,000 |
View on Zillow