$925,000
$995,000
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58 Garden Way #4 Lake Placid, NY 12946
3 Beds
3 Baths
1,836 SqFt
Key Details
Sold Price $925,000
Property Type Townhouse
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,836 sqft
Price per Sqft $503
Subdivision Lake Placid Club
MLS Listing ID 203576
Sold Date 05/09/25
Style Adirondack
Bedrooms 3
Full Baths 2
Half Baths 1
Construction Status Updated/Remodeled
HOA Fees $206/mo
Abv Grd Liv Area 1,836
Year Built 1974
Annual Tax Amount $10,132
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Townhouse
Source Adirondack-Champlain Valley MLS
Property Description
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!
Location
State NY
County Essex
Community Lake Placid Club
Zoning Residential
Direction Mirror Lake Drive to Garden Way to the Beaver Building Unit # 4
Interior
Interior Features Granite Counters, High Ceilings, High Speed Internet, Recessed Lighting, Storage
Heating Baseboard, Electric
Cooling Central Air
Flooring Carpet, Ceramic Tile
Fireplaces Number 1
Fireplaces Type Living Room, Wood Burning
Equipment Call Listing Agent
Fireplace Yes
Window Features Wood Frames
Appliance Dishwasher, Dryer, Electric Range, Microwave, Range, Refrigerator, Washer
Laundry Laundry Room, Main Level
Exterior
Exterior Feature Lighting, Storage
Parking Features Driveway, Lighted, Off Street, On Site, Parking Lot
Utilities Available Cable Connected, Electricity Connected, Internet Connected, Phone Connected, Sewer Connected, Water Connected
Amenities Available Insurance, Landscaping, Maintenance, Snow Removal, Trash
View Lake, Trees/Woods
Roof Type Asphalt
Street Surface Paved
Porch Deck
Road Frontage Private Road
Garage No
Building
Lot Description Level, Many Trees, Near Golf Course, Views
Story Two
Sewer Public Sewer
Water Public
Architectural Style Adirondack
Structure Type Wood Siding
New Construction No
Construction Status Updated/Remodeled
Schools
School District Lake Placid
Others
HOA Fee Include Snow Removal,Trash
Senior Community No
Tax ID 42.176-2-7.000
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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