April 25, 2019

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Putnam Valley, N.Y.: Quiet, Rustic and ‘Old-Timey’

Putnam Valley, N.Y.: Quiet, Rustic and ‘Old-Timey’
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Mr. Figueroa called the town “old-timey”: “It reminds me of those old-fashioned places I’ve seen in movies, where everybody knows everybody, everybody helps each other out,” he said. “That’s what I love about it.”

4 FAWN RUN | A three-bedroom, three-and-a-half-bathroom house, built in 1992 on two acres, listed for $499,900. 845-206-1215CreditTony Cenicola/The New York Times

Sheryl Luongo, the Putnam Valley assessor, said the town has roughly 4,800 single-family homes. The three major lakes — Lake Peekskill in the southwest corner, Roaring Brook Lake to the northeast and Lake Oscawana, the largest, in the middle — are the hubs of once summer-only, now year-round communities consisting primarily, but not entirely, of modest homes.

Elsewhere, houses are more spread out, a mix of colonials, contemporaries, farmhouses, ranches and a few log chalets. There are some developments of bigger homes on larger lots, built in the 1990s and 2000s, and several older homeowner associations, like Floradan Estates, as well as the townhouses in Highfields.

“It’s not your cookie-cutter suburb,” said Christine Rowley, an associate broker with RE/MAX Classic Realty.

22 ELM ROAD | A two-bedroom, three-bathroom Cape Cod-style house, built in 2005 on 0.75 acres, listed for $469,000. 646-302-1146CreditTony Cenicola/The New York Times

Deborah Glatz, a saleswoman at Coldwell Banker Residential Brokerage, said homes in Putnam Valley range from around $250,000 for a small cottage to more than $1 million for a lakefront property and upward of $2 million for an estate. “There’s value here,” she said. “You can get more house than you can in Westchester, and taxes are lower.”

Recently, the market has been strong, Ms. Rowley said: “I have had a lot of bidding wars over the past year, with sellers getting close to full price, and occasionally above.”

Inventory has decreased, Ms. Glatz noted, and prices have gone up. “It is still a seller’s market,” she said. “But that may shift if an abundance of homes comes on the market in the spring.”

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