$925,000

58 Garden Way, 4, Lake Placid NY, 12946

Price per sqft$503.81

Built in1974

Property size1,836 sqft

Property typeTownhomes

Courtesy of Mark Adler, Adirondack Premier Properties Berkshire Hathaway HomeService

Overview

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Closed

Listed Dec 5, 2024

Updated Jun 5

Experience the best of both worlds with this ideal location Garden Way Lake Placid Club town home, perfect for unlimited vacation rentals and generating income. Nestled in a prime location directly off Mirror Lake Drive, it features a spacious living/dining area, wood burning fireplace, sundeck, large kitchen with granite counters and 3 spacious bedrooms, all designed with comfort in mind. The property's location and amenities make it a sought-after destination for travelers, ensuring a steady stream of guests and a lucrative rental income. Beaver Lodge #4 is located opposite Mirror Lake with beautiful lake and mountain views and an easy 5 minute walk to Main Street shops and restaurants. Also a short walk to the village beach, tennis courts and the Olympic Center. Garden Way town homes include reasonable HOA fees with year round short term vacation rental potential in the range of $50K to $60K/year. Various furnishings included. Great investment opportunity!

Additional information

MLS^® ID: 203576

Interior Features

Bedrooms: 3
Bathrooms: 3
Fireplace: Yes
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.1 Acres

Other Property Details

Taxes: $10,133
Tax Frequency: Annually
Association Fee Frequency: Monthly
View: Yes
Municipality: N Elba
Pets Allowed: Yes

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Bob Miller Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.