152 Old Military Road, Lake Placid, NY 12946 (MLS# 203991)

Description

Exceptional Investment & Lifestyle Opportunity in Lake Placid Discover a fully renovated four-bedroom home in the heart of Lake Placid with unlimited rental potential and an easily obtainable lodging permit. This move-in ready property has been thoughtfully updated from top to bottom—featuring a brand-new kitchen and bath, updated plumbing and electrical, new insulation, new flooring, and a freshly painted exterior. Enjoy two new decks for outdoor living, along with a spacious, level, and private backyard ready to be transformed into your personal retreat. The two-car garage with new doors and an easy-turnaround driveway adds convenience and functionality. Inside, a dedicated laundry room offers the option to expand with a second bathroom, while the home's flexible layout also lends itself to a potential two-unit configuration—perfect for maximizing rental income with both short- and long-term stays. Whether you're looking for a primary residence, vacation getaway, or income-producing property, this home checks all the boxes. Ideally located just minutes from Lake Placid's Olympic Village, shopping, dining, and world-class recreation—including hiking the High Peaks and skiing at Whiteface Mountain (only 15 minutes away).

Contract Information

Short Term Rental Options: Property is available to rent STR with local restrictions and permitting Current Price: $395,000 Original List Price: 495000 Sold Price: $395,000 Status: Closed Listing Contract Date: 2025-03-04 Property Sub Type: Single Family Residence Listing Agreement: Exclusive Right To Sell Occupant Type: Vacant

Location, Tax, and Legal

Tax Annual Amount: 1479 Tax Assessed Value: 198200 Land Tax Annual Amount: 889 Deed Date: 2024-09-13

General Property Information

Seasonal Property YN: No Main Level Bedrooms: 4 Main Level Bathrooms: 1 Below Grade Unfinished Area: 750 Senior Community YN: No Lease Term: None Horse YN: No Stories Total: 1 Fireplace YN: No Bedrooms Total: 4 Bathrooms Total: 1 Bathrooms Full: 1 Above Grade Finished Area: 1104 Building Area Total: 1854 Living Area: 1104 Year Built: 1975 Garage YN: 1 Garage Spaces: 2 Open Parking YN: 1 Open Parking Spaces: 3 Parking Total: 5 Lot Size Acres: 0.4 Sign On Property YN: 1

Status Change Information

Status Change Timestamp: 2026-06-09 Buyer Financing: Cash Major Change Timestamp: 2026-06-09T17:50:47Z Major Change Type: Status Change Price Change Timestamp: 2025-08-14T19:50:11Z Under Contract Date: 2025-12-24 Close Date: 2026-06-09 Close Price: 395000

Appliances

Dishwasher: 1 Exhaust Fan: 1 Free-Standing Electric Range: 1 Microwave: 1 Refrigerator: 1

Architectural Style

Ranch: 1

Basement

Crawl Space: 1 Partial: 1

Construction Materials

Wood Siding: 1

Cooling

None: 1

Deed Details

Page: 87 Volume: 2178

Documents Available

Deed: 1 Lead Paint: 1 Property Condition: 1

Electric

150 Amp Service: 1

Exemptions

No Exemptions: 1

Exterior Features

Lighting: 1

Fencing

None: 1

Financial Details

School Taxes: 590.04 School Taxes Description: Actual

Flooring

Ceramic Tile: 1 Luxury Vinyl: 1

Heating

Tank Location: None Baseboard: 1 Electric: 1

Interior Features

Granite Counters: 1 High Ceilings: 1 Recessed Lighting: 1

Laundry Features

Electric Dryer Hookup: 1 Inside: 1 Laundry Closet: 1 Washer Hookup: 1

Levels

One: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Back Yard: 1 Front Yard: 1 Level: 1

Other Equipment

Call Listing Agent: 1

Other Structures

Garage(s): 1

Parking Features

Additional Parking: 1 Detached Carport: 1 Garage Faces Front: 1 Off Street: 1

Pool Features

None: 1

Property Condition

Updated/Remodeled: 1

Road Frontage Type

County Road: 1

Road Surface Type

Paved: 1

Roof

Asphalt: 1

Sewer

Septic Tank: 1

Utilities

Cable Available: 1 Electricity Connected: 1 Internet Available: 1 Water Connected: 1

View

Neighborhood: 1

Water Source

Public: 1

Window Features

Double Pane Windows: 1 Insulated Windows: 1

Room Types

Bedroom 2: 1 Bedroom 2 Level: First Bedroom 3: 1 Bedroom 3 Level: First Bedroom 4: 1 Bedroom 4 Level: First Kitchen: 1 Kitchen Level: First Laundry: 1 Laundry Level: First Living Room: 1 Living Room Level: First Primary Bedroom: 1 Primary Bedroom Level: First

Location Tax and Legal

Street Number: 152 Street Name: Old Military Street Suffix: Road County: Essex State: NY Postal Code: 12946 MLS Area Major: Lake Placid Township: N Elba School District: Lake Placid Parcel Number: 42.74-3-11.000 Zoning: Residential Directions: follow Old Military Road to 152 and pull into driveway.

Property Features

Appliances: Dishwasher; Exhaust Fan; Free-Standing Electric Range; Microwave; Refrigerator Architectural Style: Ranch Basement: Crawl Space; Partial Construction Materials: Wood Siding Cooling: None Documents Available: Deed; Lead Paint; Property Condition Electric: 150 Amp Service Exemptions: No Exemptions Exterior Features: Lighting Fencing: None Flooring: Ceramic Tile; Luxury Vinyl Heating: Baseboard; Electric Interior Features: Granite Counters; High Ceilings; Recessed Lighting Laundry Features: Electric Dryer Hookup; Inside; Laundry Closet; Washer Hookup Levels: One Listing Terms: Cash; Conventional Lot Features: Back Yard; Front Yard; Level Other Equipment: Call Listing Agent Other Structures: Garage(s) Parking Features: Additional Parking; Detached Carport; Garage Faces Front; Off Street Pool Features: None Property Condition: Updated/Remodeled Road Frontage Type: County Road Road Surface Type: Paved Roof: Asphalt Sewer: Septic Tank Utilities: Cable Available; Electricity Connected; Internet Available; Water Connected View: Neighborhood Water Source: Public Window Features: Double Pane Windows; Insulated Windows Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Kitchen; Laundry; Living Room; Primary Bedroom

Room Information

Primary Bedroom Level: First Length: 15.00 Length: 15.00 Width: 16.00 Width: 16.00 Dimensions: 15 x 16 Bedroom 2 Level: First Length: 12.00 Length: 12.00 Width: 13.00 Width: 13.00 Dimensions: 12 x 13 Bedroom 3 Level: First Length: 12.00 Length: 12.00 Width: 13.00 Width: 13.00 Dimensions: 12 x 13 Bedroom 4 Level: First Length: 10.00 Length: 10.00 Width: 15.00 Width: 15.00 Dimensions: 10 x 15 Kitchen Level: First Length: 12.00 Length: 12.00 Width: 18.00 Width: 18.00 Dimensions: 12 x 18 Living Room Level: First Length: 12.00 Length: 12.00 Width: 15.00 Width: 15.00 Dimensions: 12 x 15 Laundry Level: First Length: 8.00 Length: 8.00 Width: 10.00 Width: 10.00 Dimensions: 8 x 10