Rarely available private gated island property, offered below market value.Sought after and water-front home on a private island in the middle of the only high-speed motor boat lake in Columbia County. A modern lake cottage and carriage house on 1.1 acres with four-season hot tub, large private dock and over 100ft of direct water frontage.The main house has 2 proper bedrooms and 2 full bathrooms, including the ensuite primary on its own floor, plus room for overflow in the large 3rd floor sleeping loft. The great room has an open plan with living/kitchen/dining and soaring double-height ceilings that opens to a large deck overlooking the lake. The carriage house has a 2-car garage below, with a large bedroom and full bathroom above that is perfect for guests. The property is rounded out by a spacious cabin, complete with electricity and built-in twin bunk beds. A mix of mature trees surround the property offering seclusion from neighbors while still allowing for western lake and sunset views with the Catskill Mountains beyond.Fully approved architectural plans are available that reimagine the property by combining the 2 structures with a large addition to create a substantial 7,000 sf modern home.Accessible by a small bridge, Island Drive is a beautifully maintained gated island with only 15 very private homes and a shared tennis court. A short distance around the lake takes you to Copake Country Club with an award-winning public golf course and year-round restaurant and bar. Also convenient are two seasonal marinas with beer gardens, cafes and ice cream stands. Perfectly situated 2 hours from NYC, with Catamount ski resort around the corner, and just 20 minutes in either direction to Hudson, NY and Great Barrington, MA.