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5701 NYS Route 86, Wilmington, NY 12997

$849,000
Property Type: Residential Income Square Footage: 1,582 Lot Size (sq. ft.): 69,696 Status: Active
Current Price: $849,000 List Date: 6/05/2026 Last Modified: 6/05/2026

Description

A rare Adirondack investment opportunity -- two fully independent, income-producing homes, with a third high-potential revenue stream. Each of the two residences features two bedrooms, one bathroom, a private hot tub, a lean-to, and a dedicated patio, with completely separate electric and septic systems. Both homes are being sold fully furnished. Wood-carved décor and artisan furnishings give each home an unmistakable character that sets them apart from cookie-cutter vacation rentals and commands the guest loyalty that drives repeat bookings. The numbers speak clearly: combined Airbnb income has averaged over $90,000 per year across the last five years. That performance reflects a seasoned short-term rental operation with a proven track record. A historic fire tower on the property is being sold as-is and is structurally complete -- the framework for something truly extraordinary is already in place. The next owner will have the opportunity to finish it to their own standard and launch it as a third short-term rental, one that is without comparison in the Adirondacks. There is nothing else like it on the market. A stay in a working fire tower above the tree line is the kind of experience guests will book months in advance, share widely, and return for. Virtual renderings of the completed fire tower and a pro forma projecting its income potential are included in the listing documents. For an investor seeking a cash-flowing asset with documented income history, operational independence across units, and a genuine competitive moat, this property delivers on every front. The existing revenue provides a stable foundation; the fire tower introduces meaningful upside that is not yet reflected in the five-year average.

More Information MLS# 207461

Contract Information

Short Term Rental Options: Property is available to rent STR with local restrictions and permitting Current Price: $849,000 Original List Price: 849000 List Price: $849,000 Status: Active Listing Contract Date: 2026-06-03 Property Sub Type: Triplex Listing Agreement: Exclusive Right To Sell

Location, Tax, and Legal

Tax Annual Amount: 5086.23 Tax Assessed Value: 407000 Land Tax Annual Amount: 2933.51 Deed Date: 2017-02-08

General Property Information

Number Of Buildings: 3 Main Level Bedrooms: 4 Main Level Bathrooms: 2 Building Area Total: 1582 Year Built: 2017 Open Parking YN: 1 Lot Size Acres: 1.6 Sign On Property YN: 1

Status Change Information

Status Change Timestamp: 2026-06-05 Major Change Timestamp: 2026-06-05T18:10:06Z Major Change Type: New Listing

Appliances

Dishwasher: 1 Free-Standing Electric Range: 1 Microwave: 1 Refrigerator: 1 Washer/Dryer Stacked: 1

Architectural Style

Adirondack: 1 Cabin: 1

Basement

Crawl Space: 1

Common Walls

No Common Walls: 1

Construction Materials

Wood Siding: 1

Cooling

Window Unit(s): 1

Documents Available

Deed: 1 Property Condition: 1

Exterior Features

Balcony: 1 Fire Pit: 1 Private Yard: 1

Financial Details

School Taxes: 2152.72 School Taxes Description: Actual

Foundation Details

Poured: 1

Heating

Electric: 1

Interior Features

Natural Woodwork: 1

Other Structures

Shed(s): 1

Patio And Porch Features

Deck: 1 Front Porch: 1 Terrace: 1

Security Features

Carbon Monoxide Detector(s): 1 Fire Alarm: 1

Sewer

Septic Tank: 1

Spa Features

Private: 1

Structure Type

Cabin: 1 Multiple Buildings: 1

Utilities

Electricity Connected: 1 Internet Connected: 1 Water Connected: 1

View

Mountain(s): 1 Panoramic: 1 Trees/Woods: 1

Water Source

Private: 1 Well: 1

Showing Requirements

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

Location Tax and Legal

Street Number: 5701 Street Name: NYS Route 86 County: Essex State: NY Postal Code: 12997 MLS Area Major: Jay, Wilmington School District: Lake Placid Parcel Number: 16.3-2-26.000 Zoning: Residential

Property Features

Appliances: Dishwasher; Free-Standing Electric Range; Microwave; Refrigerator; Washer/Dryer Stacked Architectural Style: Adirondack; Cabin Basement: Crawl Space Common Walls: No Common Walls Construction Materials: Wood Siding Cooling: Window Unit(s) Documents Available: Deed; Property Condition Exterior Features: Balcony; Fire Pit; Private Yard Foundation Details: Poured Heating: Electric Interior Features: Natural Woodwork Other Structures: Shed(s) Patio And Porch Features: Deck; Front Porch; Terrace Security Features: Carbon Monoxide Detector(s); Fire Alarm Sewer: Septic Tank Spa Features: Private Structure Type: Cabin; Multiple Buildings Utilities: Electricity Connected; Internet Connected; Water Connected View: Mountain(s); Panoramic; Trees/Woods Water Source: Private; Well Showing Requirements: Appointment Only; Call Listing Agent; Email Listing Agent; Text Listing Agent
Listing Courtesy of Real Broker NY, LLC
IDX
Information deemed reliable but not guaranteed.