Lakefront Cottage
164 Lussier lane Redwood, NY 13679
164 Lussier lane, Redwood, NY, 13679
$339,000
For Sale
$339,000
LAND - Cottage - Redwood, NY
Property Size1,386 SF
Lot Size5.10 Acres
Price / SF$244.59
Days on Market28
Property Features for 164 Lussier lane
General Information
- Property type
- Land
- Property subtype
- Other
- Parking features
- Garage, Driveway
- Vegetation
- Wooded
- Patio and Porch features
- Porch, Deck
- Interior features
- CeilingFans, CathedralCeilings, Furnished, SeparateFormalLivingRoom, CountryKitchen, LivingDiningRoom, SlidingGlassDoors, Storage, Loft
- Exterior features
- Deck, Dock, GravelDriveway, Porch, PropaneTankLeased
- Fireplace
- 1
- Appliances
- ElectricWaterHeater, GasOven, GasRange, Refrigerator
- Standard status
- Active
- APN
- 407600-170-002-0001-002-012-0000
- Size
- 1,386 SF
- Lot size
- 5.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4310
Utilities
- Sewer type
- Septic Tank
- Heating system
- Wood
- Water source
- Well
- Water front features
- Lake Front, Beach Access, Lake
- Water front
- 1
Building Details
- Year built
- 2010
- Floors in Building
- 1
- Flooring type
- Tile, Carpet, Varies
- Building materials
- VinylSiding
- Roof type
- Metal
- Architectural style
- Cottage
- Additional Structures
- Shed(s), Storage
Listing agency
Lake Ontario Realty, LLC
(315) 649-3434
Listed by
Mandy Bray · License #10401315317
(315) 649-3434
Added: Jun 26 Updated: Jul 12 at 9:33AM Checked: Jul 23 at 4:06AM
MLS# S1693769
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This updated lakefront cottage is set on 5.1 acres with approximately 550 feet of waterfront on Grass Lake. The home features electricity with 200-amp service, a septic system, and a drilled well. The main floor includes two bedrooms, a full bath, a large kitchen with brand new appliances, and an open dining/living area centered on a wood stove. A circular staircase leads to a large loft area, and the property includes a storage/mechanical room.
French doors open to a two-level deck with wrought iron railings, providing space for outdoor dining and shoreline views. Paths from the cabin lead to a newly built stairway to a floating dock and a fishing/swimming platform. The property also has a shed for outdoor storage, a new circular driveway, and a propane back-up generator. The listing indicates the home comes with all furnishings and appliances.
Outdoor living is supported by the deck configurations, shoreline access, and water-oriented platform and dock. Indoors, the layout supports main-floor living with additional flex space in the loft.
French doors open to a two-level deck with wrought iron railings, providing space for outdoor dining and shoreline views. Paths from the cabin lead to a newly built stairway to a floating dock and a fishing/swimming platform. The property also has a shed for outdoor storage, a new circular driveway, and a propane back-up generator. The listing indicates the home comes with all furnishings and appliances.
Outdoor living is supported by the deck configurations, shoreline access, and water-oriented platform and dock. Indoors, the layout supports main-floor living with additional flex space in the loft.
Key Highlights
- Secluded Grass Lake cabin on 5.10 acres with 550 ft of lake frontage and beach access.
- Floating dock and fishing/swimming platform reached via paths from the cabin with newly built stairway.
- 2‑3 bedroom cottage built in 2010 with loft, cathedral ceilings, and an open dining/living layout.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.0k | $14.40 |
| − Vacancy | −$1.4k | −$1.01 |
| EGI | $18.6k | $13.39 |
| − OpEx | −$8.4k | −$6.03 |
| NOI | $10.2k | $7.37 |
1,386 SF · lease $14.40/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$145.8K
$127.6K – $170.2K
NOI $10,209 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$382.1K
$334.3K – $445.7K
NOI $26,744 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Updated cottage on 5.1 acres with 550 feet of Grass Lake frontage, decks, loft, and access to a floating dock.
Where is this single family property located?
The property is located at 164 Lussier lane Redwood, NY.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Secluded Grass Lake cabin on 5.10 acres with 550 ft of lake frontage and beach access.; Floating dock and fishing/swimming platform reached via paths from the cabin with newly built stairway.; 2‑3 bedroom cottage built in 2010 with loft, cathedral ceilings, and an open dining/living layout.
