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State Route 8Chestertown, NY 12817Price: $125,000

  • Price: $125,000
  • Est. Mortgage of $/month
  • 70 Days on Market
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$
%
$/month over payments
Federal 30-year interest rate: 3.1% last updated on Nov 24, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $125,000List Price
  • 12Acreage
  • PendingStatus

Blue Bay Forest

New York wooded land with Adirondack investment opportunity for sale. Adirondack Investment Opportunity with 8 individual, surveyed tax parcels being sold as one 12.3-acre block. Located on State Route 8 and Blue Bay Road in Chestertown, the Blue Bay Forest is ready for building, with each of the 8 parcels already approved for a single-family home.

The Blue Bay Forest boasts towering white pine and hemlock trees, left untouched for many decades, creating a peaceful aesthetic on the property. The terrain is rolling and varied with moderate elevation changes, with plateaus ideal for situating homes. The ground is well-drained, suitable for development and recreational uses. Lots 1-6 all have culverts set for access from Route 8.

Given these characteristics, it is easy to envision the varied potential of the Blue Bay Forest, for sale of individual parcels, development into homes for a family compound, or the pursuit of the recreational and tourism trade. The property is ideal for the development of trails for mountain biking, ATV-riding, cross-country skiing, or hiking. The glamping industry, popular in the area in recent years, provides another potential direction for the property.

The Blue Bay Forest is less than 1 mile from the public beach and boat launch on Loon Lake, 2.5 miles from a public launch on the Hudson River, and 2.5 miles from 1,300 acres of State Forest Preserve, which offers opportunities for mountain biking, hiking, cross-country skiing, hunting, and back-country fishing on Palmer Pond. The property is less than 15 miles from Gore Mountain Ski Center and ~4 miles from Chestertown, with access to all of the necessities and a host of dining options. The Warren County area of the Adirondacks is known for its vast tracts of Forest Preserve, trout streams and rivers, small- and big-game hunting, as well as for Lake George, Schroon Lake, and Brant Lake within short drives.

The Blue Bay Forest is under 1 hour from Saratoga Springs, 4 hours from NYC, and 2.5 hours from Montreal. With 1- to 2-acre parcels selling locally in the range of $18,000-$25,000, and the many attractions found in the Adirondacks, it is easy to envision the return on investment with this property.

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Listed by John Odonnell of Timberland Realty

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