Lakefront Vacation Rental
For Sale
$1,395,000
5088 W Lake Rd, Mayville, NY 14757
An established lodging operation combines year-round homes, seasonal cottages, guest services, and private dock access.
Property Size6,286 SF
Lot Size1.62 Acres
Price / SF$221.92
Days on Market10
Property Features for 5088 W Lake Rd
General Information
Standard status
Active
Size
6,286 SF
Lot size
1.62 Acres
Additional Details
Furnished
Yes
Business Included
Yes
Multifamily Units
11
Taxes and HOA fees
Annual Taxes
$12,332
Amenities
office building
guest laundry facilities
housekeeping laundry
recreation areas
direct lake access
private dock
expanded parking
upgraded Wi-Fi
keyless entry
Listing Agency:
Howard Hanna Holt - Mayville
(716) 753-7880
Listed By:
Brandi Russo · License #10401282195
(702) 592-7263
Source:
Exprealty
Added: Oct 13
Changed: Oct 21
Last Checked: Oct 21 at 2:33AM
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 Howard Hanna Holt - Mayville
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This operating vacation-rental property spans approximately 1.62 acres across four contiguous parcels on Chautauqua Lake. Eleven accommodations comprise two year-round homes and nine seasonal cottages, with a combined 29 bedrooms and 14 full bathrooms. Improvements completed from 2024 through 2026 include interior and exterior updates, landscaping, expanded parking, upgraded Wi-Fi, and keyless entry. On-site facilities include an office, guest laundry, separate housekeeping laundry, recreation areas, and a private 17-slip dock. The property also has approximately 211 feet of lake frontage and direct access to the water.
Located at 5088 W Lake Rd in Mayville, the property is approximately one mile from Chautauqua Institution. Furnishings, equipment, booking and management systems, and local service-provider relationships are included. The business has operated for more than 30 years and has a record of repeat guests.
Located at 5088 W Lake Rd in Mayville, the property is approximately one mile from Chautauqua Institution. Furnishings, equipment, booking and management systems, and local service-provider relationships are included. The business has operated for more than 30 years and has a record of repeat guests.
Key Highlights
- 11 rental accommodations across four contiguous parcels
- Two year‑round homes and nine seasonal cottages with 29 bedrooms and 14 full bathrooms
- Approximately 211 feet of Chautauqua Lake frontage and a private 17‑slip dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,590
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$951,800
$951.8K
Cap Rate 7%
$679,857
$679.9K
Cap Rate 9%
$528,778
$528.8K
Market Conditions
NOI Build-Up for 6,286 SF
Gross rent
$99.6K $15.84/SF
− Vacancy
−$13.0K −$2.08/SF
EGI
$86.5K $13.76/SF
− OpEx
−$38.9K −$6.19/SF
NOI
$47.6K $7.57/SF
Area
Chautauqua County, NY
Vacancy
13.10%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$951,800
Cap Rate 7%
$679,857
Cap Rate 9%
$528,778
Alternative Uses
Best Use
Apartment 5plus
$679.9K
$594.9K – $793.2K
NOI $47,590 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.65M – $2.20M
NOI $131,704 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
11
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 14757, NY
3,072
Population
2,181
Households
1.4
Avg Household Size
47
Median Age
37%
College-Educated
93%
High-School Grad
43.7 sq mi
ZIP Area
70
Density / Sq Mi
$63,542
Median Household Income
$40,042
Median Earnings
$677
Median Rent
$179,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Short term rental property - An established lodging operation combines year-round homes, seasonal cottages, guest services, and private dock access.
Where is this short term rental property located?
The property is located at 5088 W Lake Rd Mayville, NY.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 11 rental accommodations across four contiguous parcels; Two year‑round homes and nine seasonal cottages with 29 bedrooms and 14 full bathrooms; Approximately 211 feet of Chautauqua Lake frontage and a private 17‑slip dock
