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58 Garden Way, 4, Lake Placid, NY 12946

$925,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,836 Lot Size (sq. ft.): 4,356 Status: Closed
Current Price: $925,000 List Date: 12/05/2024 Last Modified: 5/09/2025

Description

Experience the best of both worlds with this ideal location Garden Way Lake Placid Club town home, perfect for unlimited vacation rentals and generating income. Nestled in a prime location directly off Mirror Lake Drive, it features a spacious living/dining area, wood burning fireplace, sundeck, large kitchen with granite counters and 3 spacious bedrooms, all designed with comfort in mind. The property's location and amenities make it a sought-after destination for travelers, ensuring a steady stream of guests and a lucrative rental income. Beaver Lodge #4 is located opposite Mirror Lake with beautiful lake and mountain views and an easy 5 minute walk to Main Street shops and restaurants. Also a short walk to the village beach, tennis courts and the Olympic Center. Garden Way town homes include reasonable HOA fees with year round short term vacation rental potential in the range of $50K to $60K/year. Various furnishings included. Great investment opportunity!

More Information MLS# 203576

Location, Tax, and Legal

Unit Number: 4 Tax Annual Amount: 10132.8 Tax Assessed Value: 776500 Land Tax Annual Amount: 2609.65 Deed Date: 1998-02-11

General Property Information

Seasonal Property YN: No Main Level Bathrooms: 1 Below Grade Unfinished Area: 0 Lease Term: Weekly Stories Total: 2 Fireplace YN: Yes Bedrooms Total: 3 Bathrooms Total: 3 Bathrooms Full: 2 Bathrooms Half: 1 Above Grade Finished Area: 1836 Building Area Total: 1836 Living Area: 1836 Year Built: 1974 Open Parking YN: 1 Lot Size Acres: 0.1 Association YN: 1 Association Fee: 206 Association Fee Frequency: Monthly Sign On Property YN: 1

Status Change Information

Status Change Timestamp: 2025-05-09 Concessions: No Buyer Financing: Conventional Major Change Timestamp: 2025-05-09T12:50:38Z Major Change Type: Status Change Under Contract Date: 2025-03-17 Close Date: 2025-05-09 Close Price: 925000

Appliances

Dishwasher: 1 Dryer: 1 Electric Range: 1 Microwave: 1 Range: 1 Refrigerator: 1 Washer: 1

Architectural Style

Adirondack: 1

Association Amenities

Insurance: 1 Landscaping: 1 Maintenance: 1 Snow Removal: 1 Trash: 1

Association Fee Includes

Snow Removal: 1 Trash: 1

Construction Materials

Wood Siding: 1

Cooling

Central Air: 1

Deed Details

Instrument: deed Page: 12 Volume: 1168

Documents Available

Deed: 1 Lead Paint: 1 Property Condition: 1

Electric

200+ Amp Service: 1

Exterior Features

Lighting: 1 Storage: 1

Financial Details

School Taxes: 4105.98 School Taxes Description: Actual Village Taxes: 3416.65 Village Taxes Description: Actual

Fireplace Features

Living Room: 1 Wood Burning: 1 Fireplaces Total: 1

Flooring

Carpet: 1 Ceramic Tile: 1

Heating

Tank Location: None Baseboard: 1 Electric: 1

Interior Features

Granite Counters: 1 High Ceilings: 1 High Speed Internet: 1 Recessed Lighting: 1 Storage: 1

Laundry Features

Laundry Room: 1 Main Level: 1

Levels

Two: 1

Listing Terms

1031 Exchange: 1 Cash: 1 Conventional: 1

Lot Features

Level: 1 Many Trees: 1 Near Golf Course: 1 Views: 1

Other Equipment

Call Listing Agent: 1

Parking Features

Driveway: 1 Lighted: 1 Off Street: 1 On Site: 1 Parking Lot: 1

Patio And Porch Features

Deck: 1

Pets Allowed

Dogs OK: 1 Yes: 1

Property Condition

Updated/Remodeled: 1

Road Frontage Type

Private Road: 1

Road Surface Type

Paved: 1

Roof

Asphalt: 1

Sewer

Public Sewer: 1

Structure Type

Townhouse: 1

Utilities

Cable Connected: 1 Electricity Connected: 1 Internet Connected: 1 Phone Connected: 1 Sewer Connected: 1 Water Connected: 1

View

Lake: 1 Trees/Woods: 1

Water Source

Public: 1

Window Features

Wood Frames: 1

Room Types

Bathroom 1: 1 Bathroom 1 Level: Second Bathroom 2: 1 Bathroom 2 Level: Second Bedroom 2: 1 Bedroom 2 Level: Second Bedroom 3: 1 Bedroom 3 Level: Second Kitchen: 1 Kitchen Level: First Living Room: 1 Living Room Level: First Primary Bedroom: 1 Primary Bedroom Level: Second

Contract Information

Current Price: $925,000 Original List Price: 995000 Sold Price: $925,000 Status: Closed Listing Contract Date: 2024-12-05 Property Sub Type: Townhouse Listing Agreement: Exclusive Right To Sell Occupant Type: Vacant

Location Tax and Legal

Street Number: 58 Street Name: Garden Way County: Essex State: NY Postal Code: 12946 Subdivision Name: Lake Placid Club MLS Area Major: Lake Placid Township: N Elba School District: Lake Placid Parcel Number: 42.176-2-7.000 Zoning: Residential Directions: Mirror Lake Drive to Garden Way to the Beaver Building Unit # 4

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Microwave; Range; Refrigerator; Washer Architectural Style: Adirondack Association Amenities: Insurance; Landscaping; Maintenance; Snow Removal; Trash Association Fee Includes: Snow Removal; Trash Construction Materials: Wood Siding Cooling: Central Air Documents Available: Deed; Lead Paint; Property Condition Electric: 200+ Amp Service Exterior Features: Lighting; Storage Fireplace Features: Living Room; Wood Burning Flooring: Carpet; Ceramic Tile Heating: Baseboard; Electric Interior Features: Granite Counters; High Ceilings; High Speed Internet; Recessed Lighting; Storage Laundry Features: Laundry Room; Main Level Levels: Two Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Level; Many Trees; Near Golf Course; Views Other Equipment: Call Listing Agent Parking Features: Driveway; Lighted; Off Street; On Site; Parking Lot Patio And Porch Features: Deck Pets Allowed: Dogs OK; Yes Property Condition: Updated/Remodeled Road Frontage Type: Private Road Road Surface Type: Paved Roof: Asphalt Sewer: Public Sewer Structure Type: Townhouse Utilities: Cable Connected; Electricity Connected; Internet Connected; Phone Connected; Sewer Connected; Water Connected View: Lake; Trees/Woods Water Source: Public Window Features: Wood Frames Room Types: Bathroom 1; Bathroom 2; Bedroom 2; Bedroom 3; Kitchen; Living Room; Primary Bedroom

Room Information

Living Room Level: First Length: 20.50 Length: 20.50 Width: 24.50 Width: 24.50 Remarks: livingroom & dining room Dimensions: 20.5 x 24.5 Kitchen Level: First Length: 9.00 Length: 9.00 Width: 9.00 Width: 9.00 Dimensions: 9 x 9 Primary Bedroom Level: Second Length: 13.00 Length: 13.00 Width: 17.00 Width: 17.00 Dimensions: 13 x 17 Bedroom 2 Level: Second Length: 10.00 Length: 10.00 Width: 14.00 Width: 14.00 Dimensions: 10 x 14 Bedroom 3 Level: Second Length: 10.00 Length: 10.00 Width: 16.00 Width: 16.00 Dimensions: 10 x 16 Bathroom 1 Level: Second Length: 6.00 Length: 6.00 Width: 7.00 Width: 7.00 Dimensions: 6 x 7 Bathroom 2 Level: Second Length: 5.00 Length: 5.00 Width: 6.00 Width: 6.00 Dimensions: 5 x 6 Bedroom 3 Level: First Length: 5.00 Length: 5.00 Width: 5.00 Width: 5.00 Remarks: half bathroom Dimensions: 5 x 5
Listing Courtesy of Adirondack Premier Properties Berkshire Hathaway HomeService
IDX
Information deemed reliable but not guaranteed.