expansion potential 325’ direct waterfront property, set on a private lake NEAR COOPERSTOWN, NY
362 Arnold Lake Road, Milford, NY
Offered at $1,496,000
““Somewhere, something incredible is waiting to be known… and sometimes, it’s just across the surface of a quiet lake.””
Historic Lakefront Compound on Arnold Lake
4 bedrooms
Attractive beamed ceilings
4 season enclosed porch with panoramic lake views.
Detached 2 car garage with income producing apartment.
2 docks and boat ramp
additional acreage across street - buildable
Updated galley kitchen
This rare offering on beautiful Arnold Lake is a seamless blend of history, privacy, character, and lakeside living. With 325 feet of direct lake frontage and 4.13 acres—partially including a wooded, buildable lot across the quiet road—this property presents a remarkable opportunity to own a legacy compound in one of Central New York’s most peaceful and preserved lake communities.
At its heart is a four-bedroom, one-bath home that holds the distinction of being the last remaining original house on Arnold Lake. Built as one of the first two homes on the shoreline, it was once known as Seven Geese, later Oak Shores, and has remained a cherished retreat ever since. The home’s architectural personality has evolved with time, with layered elements that reflect its decades-long use as both a private haven and a gathering place. It offers inviting lake views from nearly every room, a formal dining room, cozy sunroom, fieldstone fireplace, updated galley kitchen, laundry, and a freshly renovated bathroom with a walk-in shower. The interiors are warm and relaxed, full of subtle details that speak to the home’s history without sacrificing comfort or functionality.
Complementing the main home is a fully furnished loft apartment above the detached three-car garage. Spacious and filled with light, the loft features wide views of the lake and a strong short-term rental history, making it an excellent guest space or income-producing asset. For added privacy, guests have their own dock with space to lounge and even dine—complete with a table and chairs at the water’s edge.
Near the shoreline, a small lakeside building adds another layer of story. Once used as a seasonal store and later as a playhouse, it now serves as a storage shed but offers potential to be creatively reimagined—perhaps as a bunkhouse, artist’s studio, or writing retreat.
Unlike many busier or more built-up Upstate lakes, Arnold Lake is small, quiet, and privately maintained, with no public beach and very limited development. Spanning just under 64 acres, it offers a peaceful, clear-water setting ideal for swimming, fishing, and boating. The lake is known for its deep, spring-fed clarity and year-round trout fishing. The surrounding area is rich in forested trails, including the 5.5-mile Arnold Lake Trail Loop for hiking, cross-country skiing, and snowmobiling. It's an area where nature and community have long coexisted harmoniously.
The gently sloping parcel provides privacy without seclusion. Across the road, a wooded portion of the 4.13 acres offers open, buildable land for future expansion or added flexibility—an uncommon advantage in a lakefront property.
Two docks at the shoreline offer easy access to the water, and both a ski boat and fishing boat are included in the sale. Whether you're on the dock with coffee at sunrise, launching a kayak for a quiet paddle, or gathering around a fire after a day on the water, the setting invites a slower, richer rhythm of life.
Just 20 minutes from the cultural offerings of Cooperstown—including the National Baseball Hall of Fame, Glimmerglass Opera, and Fenimore Art Museum—and equally close to Oneonta’s restaurants, shopping, and colleges, the location balances tranquility with accessibility.
A rare combination of history, utility, and natural beauty, this Arnold Lake property is ideal as a full-time residence, seasonal retreat, or investment with soul.
362 Arnold Lake Rd tax map