- A private island in New York is available to rent for $40,000 per month this summer.
- The property has been on and off the market for years and is currently asking $9.95 million— $3 million less than its 2018 asking price.
- Called Petre Island or Petra Island, the property includes two homes designed by famed architect Frank Lloyd Wright.
- The island, which sits in Lake Mahopac in Carmel, is only about an hour's drive from New York City.
- It comes with a private helipad and boat dock.
- Visit Business Insider's homepage for more stories.
You can now rent a private island an hour from New York City for $40,000 per month.
The property has been on and off the market for years, according to Curbed. It's currently asking $9.95 million and is also available as a short-term summer rental.
Known as Petre Island or Petra Island, the property boasts two homes designed by iconic architect Frank Lloyd Wright. One is a 1950s guest cottage, and the other is a sprawling, four-bedroom house that juts out over the lake.
The home also includes a private rooftop helipad and a boat dock.
Margaret Harrington of Douglas Elliman holds the listing.
Here's a look at the one-of-a-kind property.
A private island in New York is available to rent this summer for $40,000 per month, Douglas Elliman's Margaret Harrington told Business Insider.
The property is also for sale, asking $9.95 million. It's been on and off the market for years, most recently asking $12.9 million in 2018.
The island, known as Petre Island or Petra Island, is located in Carmel, New York.
It's a little over an hour's drive from New York City.
Two houses designed by famous architect Frank Lloyd Wright sit on the property.
Source: Douglas Elliman
The island was previously listed for $15 million in 2017.
Source: Douglas Elliman, Curbed
The first house is the original 1950s guesthouse ...
Source: Douglas Elliman
... and the other is a four-bedroom residence that juts out over Lake Mahopac.
Source: Douglas Elliman
A helipad on the roof of the main house makes the property just "a quick helicopter ride from Manhattan or Westchester Airport," the listing notes.
Source: Douglas Elliman
A staircase leads down from the house to the boat dock.
Source: Douglas Elliman
The house is built around a large rock.
Source: Douglas Elliman, Town & Country Magazine
The inside of the home is decorated in warm, earthy tones.
Source: Douglas Elliman
Stonework is scattered throughout the house, including in the modern kitchen.
Source: Douglas Elliman
Several fireplaces help cozy up the home.
Source: Douglas Elliman
Some of the bedrooms open up to balconies overlooking the lake.
Source: Douglas Elliman
The bathrooms are minimal yet luxurious.
Source: Douglas Elliman
Wooden shelving and storage are built into the home ...
Source: Douglas Elliman
... and huge skylights let in plenty of natural light.
Source: Douglas Elliman
One section of the house extends out over the water and offers panoramic views of the lake. "It feels like you're on the bow of a ship," Harrington told Business Insider.
Source: Douglas Elliman
Outside, expansive living areas allow al fresco dining.
Source: Douglas Elliman
You'll have the nearly 11 acres of the island all to yourself.
Source: Douglas Elliman
There is some controversy over the main house on the island.
Source: Curbed
According to Curbed, Frank Lloyd Wright designed a 5,000-square-foot home for the island in 1950, but ended up building a small cottage instead, after the owner came to the realization that he couldn't afford the larger one.
Source: Curbed
Years later, a new owner of the island had the original design built, but the Frank Lloyd Wright Foundation does not recognize it as an authentic Wright design.
Source: Curbed, Frank Lloyd Wright Foundation
Still, the geometric elements and blending with nature embody Wright's designs. And the private island setting is quite the draw in and of itself.
Source: Curbed