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Riverfront Short-Term Rental Property
For Sale
$2,495,000

50-56 Alpine Lane, Lake Placid, NY 12946

Three rental buildings include a five-bedroom home, a duplex, and a one-bedroom cottage.

Property Size4,562 SF
Price / SF$546.91
Days on Market28

Property Features for 50-56 Alpine Lane

General Information

Standard status Active
Size 4,562 SF
Property subtype Commercial
Zoning Hamlet

Additional Details

Utilities to Site Yes
Land Use residential

Taxes and HOA fees

Annual Taxes $14,058

Building Details

Building Size 4,562 SF
Year Built 1940
Buildings 3
Stories 2
Listing Agency: Landvest, Inc.
Listed By: Matthew Preston Smith
Source: Homerootsrealty
Added: Sep 28 Changed: Oct 24 Last Checked: Oct 24 at 2:47PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Landvest, Inc.

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Investment Insights

Based on property information with market context.

This Lake Placid property includes a five-bedroom residence, a duplex, and a one-bedroom cottage used for short-term rentals. The buildings date to 1940. The site carries an Adirondack Park Agency Hamlet classification and includes utilities, access, and cleared building areas.

The property comprises 4.77 acres in the Village of Lake Placid and 2.32 acres in the Town of North Elba. It has river frontage and adjoins Power Pond Park, with recreational trails nearby. The village center is within walking distance, and the property sits near the entrance to Main Street.

Key Highlights

  • Short‑term rentals include a five‑bedroom residence, a duplex, and a one‑bedroom cottage
  • 4.77 acres in the Village of Lake Placid and 2.32 acres in the Town of North Elba
  • Adirondack Park Agency Hamlet classification

Property Analytics

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Suggested Use

Top Pick Dental Office Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

294
Businesses Nearby

Demographics for 12946, NY

5,217
Population
3,923
Households
1.3
Avg Household Size
46
Median Age
46%
College-Educated
94%
High-School Grad
137.2 sq mi
ZIP Area
38
Density / Sq Mi
$78,261
Median Household Income
$38,845
Median Earnings
$982
Median Rent
$443,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Short term rental property - Three rental buildings include a five-bedroom home, a duplex, and a one-bedroom cottage.
Where is this short term rental property located?
The property is located at 50-56 Alpine Lane Lake Placid, NY.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Short‑term rentals include a five‑bedroom residence, a duplex, and a one‑bedroom cottage; 4.77 acres in the Village of Lake Placid and 2.32 acres in the Town of North Elba; Adirondack Park Agency Hamlet classification
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