16
Map
2616 County Route 12
About This Property
The land features a diverse mix of open fields, rolling terrain, and natural contours--ideal for a variety of future uses. Formerly utilized as a golf course, the property offers a unique foundation for the potential revival of a recreational destination, subject to necessary approvals. Its layout and scale also lend themselves to a thoughtfully designed multi-home development, creating the opportunity for a residential enclave or subdivision in a peaceful, yet accessible setting.
An existing residence is located on the property and offers the chance for renovation or reinvention--serving as a primary home, guest residence, or anchor for future plans.
With expansive acreage, favorable topography, and proximity to the Adirondack Park, Lake Champlain, and Vermont, this property combines natural beauty with strategic potential. Whether reimagined as a recreational retreat, developed into a residential community, or transformed into a private homestead, the possibilities are extensive.
A rare offering of scale and flexibility in the Southern Adirondack region. Please contact agent for additional information or questions. Sold with parcels 60-3-31.7, 31.18, 31.19, 31.3, 31.4, 31.5, 31.6, 31.7, 31.8, and 31.9 (Parcels included are in photos.)
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 20, 2026 | Price Decreased |
$509,000
↓ $16K
(3%) | |
| Price Decreased | |||
| Jun 11, 2026 | Price Decreased |
$524,900
↓ $20K
(3.7%) | |
| Price Decreased | |||
| Mar 30, 2026 | Listed by Four Seasons Sothebys International Realty | $544,900 | |
| Listed by Four Seasons Sothebys International Realty | |||
| Jul 14, 2022 | No longer available | - | |
| No longer available | |||
| Feb 24, 2022 | Relisted | $499,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017