See Home Value
Lake Placid 12946
2807 Wilmington Road
$657,000 - $801,000
Multifamily - Off Market

2807 Wilmington Road

Lake Placid, NY 12946
bedrooms
Studio
bathrooms
0 Bath
square feet
2454 Sqft

About This Property

This boutique-style vacation rental property, comprised of four newly renovated units, boasts a prime location just a short, convenient stroll from downtown Lake Placid. Situated within the Gateway Corridor and by possessing the necessary permits, this property offers excellent income and strong rental history.

Comprising one two-bedroom unit, two one-bedroom units, and one studio apartment, each of these well-appointed units exudes a cozy ambiance with a touch of modern Adirondack charm.

In 2022 alone, these units generated over $100,000 in revenue, a remarkable achievement considering they were under construction and remodel for a portion of the year. This property is being offered fully turnkey, featuring numerous upgrades both inside and out. Ample parking is readily available to accommodate guests comfortably.

The manager has listed the unit size as 2454 square feet.
Unit Size
2,454Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$297
Property Type
Multifamily
Property Taxes
$368
HOA Dues
-
Year Built
1945

Price History

Date / Event Date Event Price
Feb 16, 2024 No longer available -
No longer available
Dec 22, 2023 Relisted $729,000
Relisted
Dec 1, 2023 In contract -
In contract
Nov 14, 2023 Price Decreased $759,000
↓ $20K (2.6%)
Price Decreased
Oct 26, 2023 Price Decreased $779,000
↓ $20K (2.5%)
Price Decreased
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Property Highlights

Air Conditioning
With View
Exterior Details

Exterior Information

Aluminum Siding
Metal


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
2,268 ft²
$306/ft²
$695,000 Aug 4, 2023
-
$357/mo
Land
Loft
-
-
$649,000 Aug 1, 2021
-
$290/mo
In Contract
Land
Loft
-
-
$600,000 Jul 10, 2017
-
$6/mo
House
2 Beds
2 Baths
1,066 ft²
$558/ft²
$595,000 Jul 26, 2023
-
$579/mo
Commercial
Loft
-
8,316 ft²
$90/ft²
$750,000 Aug 18, 2022
-
$781/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210103
01/03/2021
Studio
-
2454 ft²
$379,000
bedrooms
Studio
bathrooms
-
square feet
2454 ft²
-
-
-
John Favro
Merrill L. Thomas, Inc.

Building Info

2807 Wilmington Road 2807 Wilmington Road, Lake Placid, NY 12946
  • 1 Unit for Sale
More about this Building
2807 Wilmington Road
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About Lake Placid


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