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Our Putnam Lake, NY real estate website provides a wealth of information for home buyers and home sellers. Below, you will find information on the history and culture of Putnam Lake as well as links to more detailed information such as demographics and schools. You may view a virtual tour, search homes for sale, and access information on different types of properties such as condos, farms, foreclosures, and vacation homes. This website will give you everything you need to buy or sell a home in Putnam Lake, NY.
Virtual Homes is a full-service residential real estate company dedicated to providing a wealth of real estate and local community information to home buyers and home sellers. Our agents are ready to assist you with all of your real estate needs.
Putnam Lake NY Community Profile & History
Putnam Lake, New York is a hamlet in the town of Patterson, New York. Up until the end of World War I, the community was a small rural hamlet called Valleyville, consisting mainly of dairy farms. In the years leading into the Great Depression, failing farms were bought by developers McGolrick Realty Co., in association with Warren and Arthur Smadbeck, to create a recreational community for New York City citizens.
In 1930, the State Line Golf and Country Club in association with the Smadbecks' New York Daily Mirror Holding Co. bought five farms, totaling 1,111 acres of land in Patterson, NY, some of it encroaching New Fairfield, CT. Morlock brook was dammed, flooding the area of Valleyville and creating the 200-acre lake.
The area around the lake was divided into 11,000 20' by 100' building lots, which were to be occupied by summer cottages, general stores, restaurants, gas stations, dance pavilions, and taverns. New York Daily Mirror first published advertisements for the community in 1931, and 75 percent of the lots were sold in the first year. 2000 homes were built by 1932, which made Putnam Lake the most densely populated community in Patterson, if only for the months before labor day. Some families made Putnam Lake their year-round residence, and a school house was constructed where the VFW currently stands on Fairfield Drive.
The Property Owners Association, now known as the Putnam Lake Community Council, was formed in the 1930's to maintain parks and recreational facilities. Popular attractions in and around the hamlet include Thunder Ridge Ski Area, the William Clough Preserve, Wonder Lake State Park, and the 6,000-acre Great Swamp.
Putnam Lake New York Community Information
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Different financing alternatives are available depending on whether you are purchasing a single family, condo, multi-family, or investment property. Understanding the pros and cons of each may help you decide which option is the best for you. Speak to our buyer agent professionals and mortgage partners to understand and evaluate your options.