Welcome to Pepacton Overlook Lodge - a once-in-a-lifetime Catskills property with unmatched views of the Pepacton Reservoir, exceptional privacy, and direct access to pristine wilderness. Set on 97 private acres, and surrounded by over 5,000 acres of protected State and DEP forever-wild land in the Delaware Wild Forest, this rare estate offers a level of seclusion and natural beauty that's almost impossible to find - and all just 2 hours and 20 minutes from NYC, if you can believe it. The 4-bedroom, 2.5-bath home spans three finished levels, thoughtfully designed for full-time living, multi-generational use, or income potential. The main level features a bright, open-concept great room with a stone fireplace, an open kitchen and dining area, a primary suite with full bath and walk-in closet, an additional bedroom and full bath, and laundry. Step outside the great room onto the full-length deck and take in the truly unique mountain and reservoir views. Upstairs, the third level includes two additional bedrooms, a shared half bath, and a spacious loft-style flex living area that overlooks the great room - ideal for guests, office space, or creative use. The finished walk-out lower level is cozy and inviting, with a wood-burning stove, wood accents, and flexible space perfect for movie nights, game nights, or relaxed gatherings after a day on the trails. The land is a dream for outdoor lovers - with private trails for hiking, ATVs, or snowmobiling, a tree stand at the ridge for hunters or wildlife observers, and no through traffic at the top of a quiet dead-end road. A spring-fed pond with a swimming dock is perfect for summer dips or trout fishing, and a detached garage/workshop provides ample storage for all your gear and toys. This property is also protected by a conservation easement, ensuring the long-term preservation of its natural beauty while offering significant property tax benefits and the assurance that the land will remain undeveloped for generations to come. The easement maintains the ecological integrity and character of the land, enhancing its value as a true legacy property in the Catskills. Just 20-25 minutes to Belleayre Mountain, and a short drive to the charming villages of Andes and Margaretville, as well as multiple trailheads. For water lovers, the Pepacton Reservoir offers boating and fishing, making this an ideal home base for year-round recreation. Whether you're seeking a rare upstate escape, a turn-key mountain retreat, or a legacy holding with protected land and breathtaking reservoir views, Pepacton Overlook Lodge is truly a one-of-a-kind offering in the heart of the Catskills. YOUR CATSKILL DREAM AWAITS!