This listing is for the illustrated .74 acre property, which has a pre-existing "footprint" for future construction of a new home. This is because the 1220 square foot residential home on the property is almost certainly a "tear down". But the advantage of the property in having that footprint is obvious: Building in this area is very difficult otherwise, due to minimum acreage requirements and other zoning constraints.
Anyone interested in building on this property is advised to consider the costs of tear down and removal of the house, and the contents of the house and property.
The house is located on is a nice level area of the property, which once (before being overgrown) had views of the valley of Lake Peekskill, and of the Lake itself. It is down from the road and parking area, but the previous owner had hoped to restore the house and add a second story, which would have allowed a connecting walkway closer to the road. Of course this may be possible to do with any new construction on the footprint.
This may be an excellent opportunity for the right person to create a unique home in this area, and to generate equity for themselves by thinking out of the box.