505 Oquaga Lake Road Sanford, Broome Cty, Deposit

$1,995,000

10 Beds
10½ Baths
20,400 Sqft
11.49 Acres
0 Garages

The historic Chestnut Inn on crystal Oquaga Lake within the southwestern Catskill Mountains has been the preferred destination by many dignitaries and families for more than a century. This stately lakefront inn can be operated as a hotel and it is suitable for corporate retreats, weddings, receptions, and large family gatherings. The inn is ready for parties of 20 to 200 to enjoy the beauty of the lakeside retreat. ZILLOW IS INCORRECT WITH TAXES WHICH ARE ONLY $31,586/YEAR.The original unique and rare chestnut wood details of this full restored and recently re-furnished elegant building and grounds are ready to be placed back into full use. The attractive lakeside restaurant and Waterside Tavern with the lounge and its huge stone fireplace are ready with the charm of yesterday but the amenities of today. Twelve luxurious two room suites, and four deluxe rooms, and a handicap accessible room on the first floor all have private baths with jacuzzi style tubs. Back of house rooms, in addition to the large commercial kitchen and reception area, include a building for laundry, gym and storage. The area beside the Inn is sufficient room for a reception tent to facilitate large gatherings up to 200 guests. The inn is surrounded by terraces for casual relaxation and has docks for boating and waterfront recreation. This charmed 3/4 mile diameter lake is at the base of the Catskills and feeds trout streams down the valley leading to the Delaware River. This area has been a popular family destination for over a hundred years allowing groups to reconnect with nature and the quiet simplicity of lake front activities. The area is surrounded by wilderness and farmland and there are many activities nearby such as golf, hiking, swimming and boating, and even casinos. Check out reruns of the TV show "Marvelous Mrs. Maisel" second season to visit the Lake Oquaga. There are three floors of ensuite bedrooms in the main building with a handicap suite on the first floor. Most of the guest rooms are on the second and third floors. The commercial kitchen is fully furnished for the large restaurant along the lakeside on the first floor. There is a conference room on the third floor. Also included is a general purpose maintenance building and laundry with an unfinished second floor which could be used as a gym. Much of the acreage is above the road with a forested area including additional parking and large enough to develop for other uses.

Property History
Price Reduced from $2,395,000 to $1,995,000
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