114 peggs bay road

HUGE PRICE REDUCTION and priced to sell at far below appraised value! This house sits on almost 6 acres of the highest quality water frontage on Otsego Lake, and has been APPRAISED AT $1,500,000. The lot includes a main house, guest house/boat house, and a huge lot on the historic, glacial Otsego Lake. Don't miss out on the opportunity to own something this rare on the east side of the lake, in the sought after Peggs Bay. Spend your days relaxing by the water, enjoying the woods, sitting by a fire, or boating/fishing on one of the best lakes in the region. Located less than 7 miles from Downtown Cooperstown, the possibilities for this property are limited only by your imagination. This would make the ultimate family retreat that can be passed down through generations. Don't forget about the INCOME POTENTIAL, located in one of the hottest rental markets in the state, you are sure to generate an impressive return. Rent it out as is or develop it further for even more income! Properties like this do not come around often, do not miss this rare chance to own something this special at such an incredible price.