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Listed by Richard Yeager • NY Living Realty

$ 359,000

Est. payment -/mo

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48 Old Lake Colby Road Saranac Lake, NY 12983

4 Beds

3 Baths

2,510 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,510 sqft

Price per Sqft $143

MLS Listing ID 202613718

Bedrooms 4

Full Baths 2

Half Baths 1

HOA Y/N No

Year Built 1920

Annual Tax Amount $3,829

Lot Size 0.780 Acres

Acres 0.78

Property Sub-Type Single Family Residence

Source Global MLS

Property Description

Step into the timeless charm of 48 Old Lake Colby Road, where vintage character meets flexible, incomeproducing potential. This classic old-style main home, paired with a cozy rental cabin, offers an exceptional opportunity for both comfortable living and savvy investing. The main residence welcomes you with warm wood tones, a graceful layout, and a sense of history you can feel the moment you cross the threshold. Sunlight filters through the windows, reflecting off original details and drawing you toward the inviting fireplace—perfect for gathering on cool Adirondack evenings. With four bedrooms and 2.5 bathrooms, the home is thoughtfully arranged into two distinct living spaces: an upper and a lower level, each with its own character and privacy. Envision multigenerational living, a private owner's retreat with a guest suite, or a combination of personal use and rental income. Set just beyond the main home, the charming cabin offers two separate apartments, each with its own entrance, two bedrooms, and two bathrooms in total. Currently rented and producing $875/month, these units generate immediate income while you explore even more possibilities—longterm tenants, travel nurses, or shortterm guests seeking a peaceful retreat near Saranac Lake's lakes, trails, and village amenities. Surrounded by the scent of pine and the quiet rustle of the trees, this property feels like a tuckedaway haven yet remains close to everything you need. Picture crisp mornings with a mug of coffee by the fire, evenings spent under starstudded skies, and weekends exploring the Adirondacks knowing your investment is working for you. 48 Old Lake Colby Road is more than a home; it's a flexible, incomegenerating property infused with warmth, character, and opportunity—ready for its next chapter with an owner who sees its full potential.

Location

State NY

County Franklin

Direction I-87, Exit 34. Turn west onto Route 9N. Continue to AuSable Forks. At the four way stop, turn left. Continue into Jay. Turn right onto Route 86. Continue to Saranac Lake. Turn right (traffic light) onto Main St. Continue straight onto Broadway. Turn slight right onto Old Lake Colby Rd. Property will be on the righ.

Interior

Heating Propane

Flooring Carpet, Hardwood

Fireplaces Number 1

Fireplaces Type Living Room

Fireplace Yes

Exterior

Exterior Feature None

Parking Features Driveway

Utilities Available Cable Connected

Roof Type Shingle

Porch Enclosed, Front Porch

Building

Lot Description Private, Road Frontage, Sloped, Wooded

Sewer Public Sewer

Water Public

Architectural Style Old Style

New Construction No

Schools

School District Saranac Lake

Others

Tax ID 164601 446.52-1-6

Special Listing Condition Standard

Virtual Tour https://app.doaudiotours.com/unbranded?id=18380&lang=en-US

Chrissy Hennessy

Agent License ID: 40HE1102041

+1(518) 257-0233

48 Old Lake Colby Road Saranac Lake, NY 12983

Key Details

Location

Interior

Exterior

Building

Schools

Others

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48 Old Lake Colby Road