50-56 Alpine LN Lake Placid, NY 12946
11 Beds
7 Baths
4,562 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 4,562 sqft
Price per Sqft $546
MLS Listing ID 205968
Bedrooms 11
Full Baths 6
Half Baths 1
Construction Status Updated/Remodeled
Abv Grd Liv Area 4,562
Year Built 1940
Annual Tax Amount $14,058
Lot Size 7.090 Acres
Acres 7.09
Property Sub-Type Single Family Residence
Source Adirondack-Champlain Valley MLS
Property Description
The property is anchored by three short-term rental units that have generated consistent returns for decades: a five-bedroom residence, a two-unit duplex, and a one-bedroom cottage. This established cash flow provides stability for an investor while laying the foundation for a more ambitious project.
The development potential is where this property truly distinguishes itself. Classified Hamlet by the Adirondack Park Agency, a high-density, mixed-use zoning distinction, it is ideally suited for multi-family housing, a boutique commercial venture, or a larger Planned Unit Development. Favorable local and state policies encourage precisely this type of investment in designated service centers, and the infrastructure—utilities, access, and cleared building areas—is already in place. Mountain vistas, river frontage, and adjacency to Power Pond Park add marketability and long-term value to any project envisioned here.
For developers and business leaders, this is a rare opportunity to secure a site with scale, flexibility, and immediate market presence in Lake Placid's most strategic growth corridor.
Location
State NY
County Essex
Direction From Lake Placid, head southeast on NY-86 E/Wilmington Road. In 0.2 miles, turn right onto Alpine Way. Property will be at the end of the road.
Body of Water Chubb River
Interior
Interior Features Apartment
Heating Baseboard, Electric
Exterior
Waterfront Description River Front
View Meadow, Mountain(s), Trees/Woods
Garage No
Building
Sewer Public Sewer
Water Public
New Construction No
Construction Status Updated/Remodeled
Schools
School District Lake Placid
Others
Senior Community No
Tax ID 42.240-1-4.000