5468 Cascade Road, Lake Placid, NY 12946 (MLS# 207644)

Description

Rare 2-acre Lake Placid offering with Whiteface Mountain views from both the home and adjoining parcel, spectacular Adirondack sunsets, unlimited vacation rental potential, and a buildable 1.60-acre lot with views of the iconic Olympic Ski Jumps. Direct trail access, adjacent to the Lake Placid Horse Show Grounds, village water, and no village taxes complete this exceptional Adirondack opportunity. The charming vintage home sits on a 0.40-acre parcel and offers exceptional flexibility as a year-round residence, vacation retreat, or investment property for vacation rentals. The adjoining 1.60-acre parcel provides an ideal setting for a future dream home, guest house, or expansion. Outdoor enthusiasts will appreciate direct access to a 1.85-mile cross-country ski and hiking trail connecting to the Bridle Trail and renowned Jackrabbit Trail system, with the Ausable River, McKenzie Mountain, and Sentinel Range nearby. Enjoy a front-row seat to the prestigious Lake Placid and I Love NY Horse Shows and watch planes arrive and depart from nearby Lake Placid Airport against a stunning mountain backdrop. Recent improvements include a new 1,000-gallon septic tank (2021), propane furnace (2022), and mini-split system. Natural buffer areas on both sides provide additional privacy. A truly unique property offering mountain views, unforgettable sunsets, recreation, investment flexibility, and future development potential. Parcels 42.74-3-12.000 and 42.4-4-29.100 are included in the purchase price.

Contract Information

Short Term Rental Options: Property is available to rent STR with local restrictions and permitting Current Price: $998,000 Original List Price: 998000 List Price: $998,000 Status: Active Listing Contract Date: 2026-06-23 Property Sub Type: Single Family Residence Listing Agreement: Exclusive Right To Sell Occupant Type: Vacant

Location, Tax, and Legal

Tax Annual Amount: 1600.31 Tax Assessed Value: 401100 Land Tax Annual Amount: 1600.31 Deed Date: 1997-04-18

General Property Information

Seasonal Property YN: No Main Level Bedrooms: 3 Main Level Bathrooms: 1 Below Grade Unfinished Area: 0 Enhanced Accessible: Yes Senior Community YN: No Lease Term: None Horse YN: No Stories Total: 2 Fireplace YN: No Bedrooms Total: 5 Bathrooms Total: 3 Bathrooms Full: 2 Bathrooms Half: 1 Above Grade Finished Area: 2612 Building Area Total: 2612 Living Area: 2612 Year Built: 1960 Garage YN: 1 Garage Spaces: 1 Open Parking YN: 1 Open Parking Spaces: 6 Parking Total: 6 Lot Size Acres: 2 Sign On Property YN: 1

Status Change Information

Status Change Timestamp: 2026-06-23 Major Change Timestamp: 2026-06-23T21:11:55Z Major Change Type: New Listing

Accessibility Features

Accessible Approach with Ramp: 1

Appliances

Built-In Electric Oven: 1 Dishwasher: 1 Electric Water Heater: 1

Architectural Style

Old Style: 1

Construction Materials

Wood Siding: 1

Documents Available

APA Permit: 1 Deed: 1 Survey: 1

Electric

200+ Amp Service: 1

Exemptions

No Exemptions: 1

Fencing

Back Yard: 1 None: 1

Flooring

Hardwood: 1

Heating

Tank Location: Above Ground Propane: 1

Levels

Two: 1

Listing Terms

Cash: 1 Conventional: 1

Parking Features

Additional Parking: 1 Deck: 1 Driveway: 1

Patio And Porch Features

Deck: 1

Pets Allowed

Yes: 1

Property Condition

Fixer: 1

Road Frontage Type

Easement: 1

Roof

Metal: 1

Sewer

Private Sewer: 1 Septic Tank: 1

Structure Type

House: 1

Utilities

Cable Available: 1 Electricity Connected: 1 Internet Available: 1 Propane: 1

View

Mountain(s): 1 Trees/Woods: 1

Water Source

Public: 1

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1 Text Listing Agent: 1

Room Types

Bathroom 2: 1 Bathroom 2 Level: First Bathroom 3: 1 Bathroom 3 Level: Second Bedroom 1: 1 Bedroom 1 Level: First Bedroom 2: 1 Bedroom 2 Level: First Bedroom 3: 1 Bedroom 3 Level: First Bedroom 4: 1 Bedroom 4 Level: Second Bedroom 5: 1 Bedroom 5 Level: Second Bonus Room: 1 Bonus Room Level: Second Dining Room: 1 Dining Room Level: First Kitchen: 1 Kitchen Level: First Laundry: 1 Laundry Level: First Living Room: 1 Living Room Level: First Other Room: 1 Other Room Level: First

Location Tax and Legal

Street Number: 5468 Street Name: Cascade Street Suffix: Road County: Essex State: NY Postal Code: 12946 Subdivision Name: None MLS Area Major: Lake Placid Township: N Elba School District: Lake Placid Parcel Number: 42.4-4-29.100 Directions: From Route 73 heading toward Keene, the property is located directly across from the Olympic Ski Jump parking area. Look for the sign on the left. Easy access with excellent proximity to the Olympic venues, hiking trails, and the Ausable River.

Property Features

Accessibility Features: Accessible Approach with Ramp Appliances: Built-In Electric Oven; Dishwasher; Electric Water Heater Architectural Style: Old Style Construction Materials: Wood Siding Documents Available: APA Permit; Deed; Survey Electric: 200+ Amp Service Exemptions: No Exemptions Fencing: Back Yard; None Flooring: Hardwood Heating: Propane Levels: Two Listing Terms: Cash; Conventional Parking Features: Additional Parking; Deck; Driveway Patio And Porch Features: Deck Pets Allowed: Yes Property Condition: Fixer Road Frontage Type: Easement Roof: Metal Sewer: Private Sewer; Septic Tank Structure Type: House Utilities: Cable Available; Electricity Connected; Internet Available; Propane View: Mountain(s); Trees/Woods Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Text Listing Agent Room Types: Bathroom 2; Bathroom 3; Bedroom 1; Bedroom 2; Bedroom 3; Bedroom 4; Bedroom 5; Bonus Room; Dining Room; Kitchen; Laundry; Living Room; Other Room

Room Information

Kitchen Level: First Length: 163.00 Length: 163.00 Width: 156.00 Width: 156.00 Dimensions: 163 x 156 Dining Room Level: First Length: 134.00 Length: 134.00 Width: 13.00 Width: 13.00 Dimensions: 134 x 13 Living Room Level: First Length: 31.00 Length: 31.00 Width: 137.00 Width: 137.00 Dimensions: 31 x 137 Laundry Level: First Length: 96.00 Length: 96.00 Width: 55.00 Width: 55.00 Remarks: laundry & half bath Dimensions: 96 x 55 Bedroom 1 Level: First Length: 134.00 Length: 134.00 Width: 72.00 Width: 72.00 Dimensions: 134 x 72 Bedroom 2 Level: First Length: 1210.00 Length: 1210.00 Width: 97.00 Width: 97.00 Dimensions: 1,210 x 97 Bedroom 3 Level: First Length: 134.00 Length: 134.00 Width: 132.00 Width: 132.00 Dimensions: 134 x 132 Other Room Level: First Length: 163.00 Length: 163.00 Width: 77.00 Width: 77.00 Remarks: mudroom Dimensions: 163 x 77 Bathroom 2 Level: First Length: 9.00 Length: 9.00 Width: 67.00 Width: 67.00 Remarks: full bath Dimensions: 9 x 67 Bathroom 3 Level: Second Length: 810.00 Length: 810.00 Width: 77.00 Width: 77.00 Dimensions: 810 x 77 Bonus Room Level: Second Length: 225.00 Length: 225.00 Width: 136.00 Width: 136.00 Dimensions: 225 x 136 Bedroom 4 Level: Second Length: 153.00 Length: 153.00 Width: 9.00 Width: 9.00 Dimensions: 153 x 9 Bedroom 5 Level: Second Length: 1410.00 Length: 1410.00 Width: 91.00 Width: 91.00 Dimensions: 1,410 x 91

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