Adirondack Real Estate

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5880 Cascade Road, Lake Placid, NY 12946

$650,000
Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 2,150 Lot Size (sq. ft.): 21,780 Status: Closed
Current Price: $650,000 List Date: 8/28/2025 Last Modified: 3/02/2026

Description

This rare offering brings endless possibilities with two striking buildings on 0.2 acres, plus an additional 0.3-acre natural buffer along the McKenzie Brook for a private setting that feels tucked away, yet is right in Lake Placid's Gateway Corridor. The result is a versatile property that blends industrial edge, barndominium character, and modern farmhouse warmth into something entirely unique. The back residence, a 1,250 sq. ft., two-bedroom, one-bath home is a study in rustic elegance. Reclaimed barn wood walls, polished concrete floors, exposed beams, and brand-new Andersen windows and doors create a space that feels both grounded and light-filled. Two levels of glass-railed decks (500 sq. ft. total) connect you to the outdoors and the sound of the babbling brook below, offering the perfect perch for morning coffee or evening gatherings in every season. Being sold turnkey — equally suited for a primary residence, guest retreat, or income-producing rental from day one. The front building, facing Cascade Road, is where vision meets possibility. A 900 sq. ft., two-story clear-span design means no interior load-bearing walls. The first floor can become anything you imagine. The heavy lifting is done: new roof, siding, windows, electrical, and plumbing are already in place. All that's left is to shape the interior to your style, whether that's a loft-like 2-bedroom, 1-bath residence, an artist's studio, a boutique retail space, or a hybrid live/work environment. Remaining renovations can be completed by the seller to suit the buyer's needs for an additional fee. The location is ideal and just minutes to world-class skiing, hiking trails, restaurants, and year-round events, yet with the quiet of your own private corner of the Adirondacks. A rare chance to combine immediate occupancy with long-term vision to create your ultimate retreat or business venture. With a short-term lodging permit, both units can be rented for unlimited nights throughout the year!

More Information MLS# 205632

Contract Information

Short Term Rental Options: Property is available to rent STR with local restrictions and permitting Current Price: $650,000 Original List Price: 765000 Sold Price: $650,000 Status: Closed Listing Contract Date: 2025-08-28 Property Sub Type: Single Family Residence Listing Agreement: Exclusive Right To Sell Occupant Type: Owner

Location, Tax, and Legal

Tax Annual Amount: 3850 Tax Assessed Value: 376500 Land Tax Annual Amount: 1772 Deed Date: 2021-09-10

General Property Information

Seasonal Property YN: No Below Grade Unfinished Area: 0 Lease Term: None Bedrooms Total: 4 Bathrooms Total: 2 Bathrooms Full: 2 Above Grade Finished Area: 2150 Building Area Total: 2150 Living Area: 2150 Year Built: 1920 Lot Size Acres: 0.5 Sign On Property YN: 1

Status Change Information

Status Change Timestamp: 2026-03-02 Concessions: No Buyer Financing: Conventional Major Change Timestamp: 2026-03-02T18:47:35Z Major Change Type: Status Change Price Change Timestamp: 2025-10-22T12:08:00Z Under Contract Date: 2025-12-31 Close Date: 2026-03-02 Close Price: 650000

Appliances

Dishwasher: 1 Dryer: 1 Electric Oven: 1 Electric Range: 1 Electric Water Heater: 1 Microwave: 1 Washer: 1

Architectural Style

Contemporary: 1 Cottage: 1

Basement

Full: 1 Unfinished: 1

Construction Materials

Wood Siding: 1

Cooling

Ductless: 1

Deed Details

Instrument: Deed Page: 202 Volume: 2050

Documents Available

Deed: 1 Property Condition: 1 Survey: 1

Door Features

Sliding Doors: 1

Electric

200+ Amp Service: 1

Exemptions

No Exemptions: 1

Financial Details

School Taxes: 1986 Village Taxes: 92

Flooring

Concrete: 1 Luxury Vinyl: 1

Foundation Details

Slab: 1

Frontage Type

Other: 1

Heating

Tank Location: None Ductless: 1

Interior Features

Beamed Ceilings: 1 High Speed Internet: 1 Open Floorplan: 1

Laundry Features

Upper Level: 1

Levels

Two: 1

Listing Terms

1031 Exchange: 1 Cash: 1 Conventional: 1

Patio And Porch Features

Deck: 1 Patio: 1

Property Condition

Under Construction: 1 Updated/Remodeled: 1

Road Frontage Type

State Road: 1

Roof

Asphalt: 1

Security Features

Carbon Monoxide Detector(s): 1 Smoke Detector(s): 1

Sewer

Septic Tank: 1

Structure Type

House: 1 Mixed Use: 1

Utilities

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

View

Trees/Woods: 1

Water Source

Public: 1

Window Features

Double Pane Windows: 1

Location Tax and Legal

Street Number: 5880 Street Name: Cascade Street Suffix: Road County: Essex State: NY Postal Code: 12946 MLS Area Major: Lake Placid School District: Lake Placid Parcel Number: 42.66-8-2.000 Zoning: Mixed Directions: From Main Street in Lake Placid, turn on Sentinel Rd (Rt 73) towards Keene. Go 0.8 miles and the house will be on the left. Sign on property.

Property Features

Appliances: Dishwasher; Dryer; Electric Oven; Electric Range; Electric Water Heater; Microwave; Washer Architectural Style: Contemporary; Cottage Basement: Full; Unfinished Construction Materials: Wood Siding Cooling: Ductless Documents Available: Deed; Property Condition; Survey Door Features: Sliding Doors Electric: 200+ Amp Service Exemptions: No Exemptions Flooring: Concrete; Luxury Vinyl Foundation Details: Slab Frontage Type: Other Heating: Ductless Interior Features: Beamed Ceilings; High Speed Internet; Open Floorplan Laundry Features: Upper Level Levels: Two Listing Terms: 1031 Exchange; Cash; Conventional Patio And Porch Features: Deck; Patio Property Condition: Under Construction; Updated/Remodeled Road Frontage Type: State Road Roof: Asphalt Security Features: Carbon Monoxide Detector(s); Smoke Detector(s) Sewer: Septic Tank Structure Type: House; Mixed Use Utilities: Electricity Connected; Internet Connected; Water Connected View: Trees/Woods Water Source: Public Window Features: Double Pane Windows
Listing Courtesy of The Reynolds Group of Lake Placid, LLC
IDX
Information deemed reliable but not guaranteed.