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1371 Taughannock Blvd, Ithaca, NY, 14850

5beds
6baths
6,408sqft
$7,795,000
$1,216price/sqft
$56,528/moest. monthly cost
$2,261,120/yrincome needed

About This Home

OPEN HOUSE PREVIEW: FRIDAY, MAY 22- MONDAY, MAY 25 FROM 1:00 PM TO 5:00 PM EACH DAY. Set on nearly two private acres with 177 feet of prime Cayuga Lake frontage, this extraordinary waterfront estate offers a convergence of modern engineering and resort level luxury just minutes from Ithaca and Cornell University. Conceived as a legacy property, the 6,408 square foot residence was constructed with poured concrete walls, double insulation, geothermal lake sourced heating and cooling, radiant heated floors, and a lifetime-limited warranty Grand Manor roof, creating a home of exceptional efficiency and craftsmanship. A gated entrance and granite curbed drive lead to the lakefront residence, where stonework, copper gutters, and Marvin window systems establish a timeless aesthetic. Inside, four panel Marvin glass doors disappear into the walls, opening the great room seamlessly to panoramic lake views and outdoor living spaces. The custom chef’s kitchen is appointed with Sub Zero refrigeration, Wolf range and oven, Miele appliances, custom cabinetry, granite surfaces, and a handcrafted copper hood. Hubbardton Forge lighting, custom millwork, Sonos audio, Lutron lighting, and security and surveillance systems elevate the home throughout. Designed equally for relaxation and entertaining, the property features two wood burning fireplaces, a hidden wine cellar, recreation room with custom game table, lock out guest bunk suite with full kitchen, dual laundry rooms, and a primary suite with copper soaking tub, steam shower, waterfall views, and remote-controlled blinds. Outdoor amenities rival a private resort with a pergola featuring retractable shade, outdoor kitchen and shower, illuminated waterfalls and dock lighting, permanent boat and jet ski lifts, Trex docking, irrigation systems, and a custom porch swing overlooking the water. The deep water dock accommodates a 35 foot Sea Ray cruiser. The offering includes a separate approved parcel across Taughannock Boulevard, presenting future expansion or development potential. Offered turnkey furnished, with boat available separately, this is one of Cayuga Lake’s most compelling and irreplaceable waterfront estates.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

9/10
Cayuga Heights ElementaryGrades PK-54.6 mi
8/10
Boynton Middle SchoolGrades 6-84.5 mi
9/10
Ithaca Senior High SchoolGrades 9-124.8 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 2011

Materials

  • Foundation: Poured
  • Construction materials: Aluminum Siding,Fiber Cement,Frame,Stone,Spray Foam Insulation

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary,Two Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Cooktop,Gas Oven,Gas Range,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Full,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 4
  • 1/2 bathrooms: 2
  • Main level bathrooms: 2
  • Main level bedrooms: 1

Features

  • Home Office,Kitchen Island,Walk-In Pantry,Main Level Primary
  • Flooring: Hardwood,Varies
  • Number of fireplaces: 2
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Propane,Hot Water,Radiant Floor,Radiant
  • Cooling features: Central Air

Interior Area

  • Total structure area: 6,408
  • Total interior livable area: 6,408 sqft

Property

Details

  • Parcel number: 50368902800000010070000000
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered,Porch
  • Exterior features: Blacktop Driveway,Propane Tank - Owned
  • On waterfront: Yes
  • Waterfront features: Beach Access,Lake
  • Waterbody name: Cayuga Lake
  • Frontage length: 177

Lot

  • Lot size: 1.94 Acres
  • Features: Irregular Lot
  • Lot size dimensions: 200 x 150

Parking

  • Total spaces: 3
  • Parking features: Attached,Garage
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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

  • Drought
    DroughtModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Drought
Inland Flooding
Lightning
Strong Wind

FEMA Declared Disasters in Tompkins County and New York

Flood
Severe Storm

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

MonthlyAnnual
Mortgage $39,415$472,980
Home Insurance *$2,349$28,188
Property Taxes $13,706$164,472
Electricity $1,058$12,707
Total$56,528$678,336
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,938,102/yr
40% on housing$1,695,840/yr
45% on housing$1,507,413/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

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.

Insurance Growth Rate5-year average: 5.6%
5.6%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,216This listing

vs Other Active Listings

Avg $/sqft

ZIP 14850$222
Tompkins County$210

vs Homes Sold Last Month

Median $/sqft

ZIP 14850$215
Tompkins County$180

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

DateEventPrice
2026-05-21Listed for sale$7,795,000
2010-05-26Sold$810,000

For Sale by Agent

AgentMichael DeRosa
BrokerageMichael DeRosa Exchange

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