Peter Ancona

1616 Route 292 , Unit 5 Cottage, Holmes, NY 12531

$1,250,000
  • 1616 Route 292 , Unit 5 Cottage, Holmes, NY 12531 Main Photo

28 Photos

New to the Market Active
BEDS1 BATHS2 full 1 partial SQUARE FEET2,192 MLS#1050509
STATUSActive PROPERTY TYPEResidential - Coop SUBDIVISIONWhaley Lake SCHOOLPawling

Property Description

A once-in-a-lifetime opportunity to complete a modern architectural home on one of the most extraordinary settings imaginable - a private island on Whaley Lake, accessible only by boat, offering privacy, water views, and recreation just 90 minutes from New York City. Set on a 4 1/2 acre island with 16 individually owned cottages, Whaley Lake is Dutchess County's largest private motorboat lake. The current owner, working with an experienced local builder, has done the hard part. Structural steel supports dramatic 10-foot glass walls, sliding doors and french doors open to yard, permits are secured, the roof is complete, and the exterior is enclosed and weather-protected. NYSEG has approved individual 200-amp electric service for each cottage. What remains is the most exciting part: finishing the interior to your own vision. The island's building rules govern each cottage's ground-floor footprint. This design uses that allowance at 1,075 SF with an additional 617 SF loft and a basement level planned for 500 SF of finished space, both exempt from the footprint limit-for an architect's-plan total of approximately 2,192 SF across three floors, pending final municipal/architect approval. Arrival is by boat, approaching a dramatic, predominantly glass front designed to capture lake views from nearly every angle. Inside, a two-story wall of glass frames Whaley Lake from sunrise to sunset; a centered wood-burning stove aligns with the window mullions, creating the illusion of one unbroken wall of glass. The main level is planned as open-concept living, dining, and kitchen, with a private primary suite opening to its own lake-view balcony. Above, an open loft offers flexible space - guest quarters, studio, office, or library. Below, a walkout level is already plumbed and planned for a family room, bath, and laundry, opening to the waterfront yard and deck. Whaley Lake offers boating, swimming, and fishing in summer, ice skating and hockey in winter, with the Dutchess Rail Trail and Appalachian Trail nearby and the Village of Pawling minutes away. Multiple Metro-North stations and access to Route 22, I-684/I-84, and the Taconic Parkway keep the city within easy reach. Interior finishing requires a contractor equipped to transport materials and crews to the island-a real but solvable requirement, demonstrated by a neighboring cottage completed by an outside builder. The current builder, who already has transport capability in place, is available to continue the work; buyers may also bring in another qualified con

1616 Route 292 , Unit 5 Cottage | MLS# 1050509

This home located at 1616 Route 292 , Unit 5 Cottage, Holmes, NY 12531 is currently listed for sale with an asking price of $1,250,000. This property was built in 1950 and has 1 bedrooms and 2 full and 1 partial baths with 2192 sq. ft. Route 292 , Unit 5 Cottage is located in the Whaley Lake subdivision within the Pawling school district. Search Whaley Lake real estate on pancona.coachrealtors.com today.

Property Features

Property Type: Residential - Coop
Basement: Yes
Basement: Full
Cooling: None
Heating: None
Home Style: Other
Year Built: 1950

Amenities

First Floor Bedroom
High Ceilings
Open Floorplan
Open Kitchen

Feature Descriptions

Appliances: None
Association Amenities: Boat Dock, Parking
Association Fee: $5500/Annually
Association Fee Includes: Common Area Maintenance, Electricity, Other
Exterior: Wood Siding
Fireplace Features: Wood Burning Stove
Frontage: 50
Inclusions: LAs will provide list of what is included with the sale.
Laundry: In Basement
Lot Features: Level, Sloped, Views, Waterfront
Minimum Pct Down Payment: 10
On Market Date: 2026-09-29
Parcel Number: 134089-6856-00-298923-0000
Parking Features: Off Site
Pets Allowed: Yes
Rental Term: Monthly
Rooms Total: 4
Sewer: Septic Tank
Special View Info: Lake, Mountain(s), Water
Utilities: See Remarks
Water: Other
Waterfront Features: Lake Front, Lake Privileges, Water Access, Waterfront
Window Features: Floor to Ceiling Windows, Oversized Windows, Wall of Windows

Local Schools

High School: Pawling High School
Middle School: Pawling Middle School
Elementary School: Pawling Elementary School
School District: Pawling

Listed By / Shown By

Listing By

Agency Name: McGrath Realty Inc
Agency Contact: 845-855-5550

Shown By

Agent Name: Peter Ancona
Agent Phone: Cell: (631) 317-5821
Agency Title: Howard Hanna | Coach Realtors

IDX logo

Estimate Your Payment

Estimated Payment

$ 5,732.80 per month $5,368.22 Principal & Interest $0.00 Property Tax (data not provided by mls) $364.58 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Let our team of knowledgeable, licensed mortgage professionals assist you in putting together a loan that is custom fitted for you, and your needs.

Login to My Homefinder