$269,000
$279,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
642 SqFt
SOLD DATE : 04/09/2025
Key Details
Sold Price $269,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 642 sqft
Price per Sqft $419
MLS Listing ID 204069
Sold Date 04/09/25
Style Cottage
Bedrooms 2
Full Baths 1
Construction Status Updated/Remodeled
Abv Grd Liv Area 642
Originating Board Adirondack-Champlain Valley MLS
Year Built 1975
Annual Tax Amount $3,000
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Single Family Residence
Property Description
This recently renovated cottage in Ray Brook, NY is already a successful short-term rental and a great investment opportunity. With mixed commercial zoning, a new owner can apply for a permit with the Town of Elba to continue renting. The current owners are also open to managing the rental for a fee, making for a smooth transition.
Located between Lake Placid and Saranac Lake, guests love the easy access to both towns while being just steps from the Rail Trail, perfect for biking, hiking, and walking. The outdoor space is just as inviting, featuring a 10x12 deck with patio furniture and a 10x10 stone patio with a fire pit and additional seating—ideal for relaxing after a day of exploring.
This turnkey rental is in a prime location with a proven track record—don't miss out on this unique opportunity!
Outdoor enthusiasts will love the walking-distance access to the scenic Rail Trail, a premier spot for hiking, biking, and leisurely walks through the breathtaking Adirondack landscape. Whether catering to travelers seeking adventure or those looking for a peaceful retreat, this charming cottage offers endless potential.
Don't miss out on this prime investment opportunity in one of the most sought-after locations in the Adirondacks!
Location
State NY
County Essex
Zoning Commercial
Direction From Lake Placid towards Saranac Lake, property is on the left directly across from Tractor Supply.
Rooms
Basement Unfinished
Interior
Heating Baseboard, Electric, Oil
Cooling None
Flooring Hardwood, Luxury Vinyl
Equipment Fuel Tank(s)
Appliance Dishwasher, Microwave, Range, Refrigerator, Washer/Dryer, Water Heater
Laundry In Basement, Laundry Room
Exterior
Exterior Feature Fire Pit, Private Yard, Storage
Parking Features Direct Access, Driveway, On Site
Utilities Available Electricity Connected, Internet Available, Internet Connected, Water Connected
Roof Type Metal
Street Surface Paved
Porch Patio, Rear Porch
Road Frontage County Road, Public, State Road
Garage Yes
Building
Lot Description Back Yard, Level, Wooded
Foundation Block
Sewer Septic Tank
Water Public
Architectural Style Cottage
Structure Type Clapboard
New Construction No
Construction Status Updated/Remodeled
Schools
School District Saranac Lake
Others
Senior Community No
Tax ID 41.7-1-5.000
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan
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