Welcome to 392 Oscawana Lake Road in Putnam Valley, a beautifully maintained home set on a private one-acre property in the heart of the scenic "Town of Lakes." Offering versatile living space and a peaceful setting, this home is perfect for extended family, guests, or those seeking additional living flexibility. The main level features a spacious living room with a fireplace and skylight, a dining room, beautifully renovated eat in kitchen, laundry room, and a convenient half-bath. Down the hall are three generously sized bedrooms, and a full hall bath. Hardwood Floors flow throughout the home, adding warmth and character. The upper level offers a wonderful accessory apartment complete with one bedroom plus an office, a kitchen, living room with fireplace, full bath, and an enclosed porch, creating the perfect private living space for extended family or guests. The partially finished walk out basement provides tons of storage, workshop space, abundant plumbing access, and separate utilities for both the main home and the apartment. Additional features include a one-car garage, private backyard with deck, and an above ground pool ideal for summer entertaining and relaxation. Conveniently located close to the Taconic State Parkway, shopping and public transportation, with just about a one-hour commute to New York City. Putnam Valley is known for its natural beauty and outdoor recreation, including nearby Clarence Fahnestock State Park for hiking and fishing, Putnam Valley Town Park for sports and community events, and Lake Oscawana offering boating, swimming and fishing opportunities. The community is also home to highly regarded schools, with Putnam Valley Elementary rated #1 and the Middle and High Schools Ranked #2 in Putnam County according to Niche and Public Schools Review.