Property Description

Reduced October 21, 2025: Now $725,000.00

(Reduced from $765,000.00)

Two Distinct Spaces. Endless Possibilities.

This distinctive Lake Placid property offers exceptional flexibility, featuring two separate and architecturally distinct buildings on a combined half-acre along McKenzie Brook.

Set within the Gateway Corridor, it blends industrial edge and modern farmhouse warmth to create something truly one-of-a-kind. Whether envisioned as a live-work compound, short-term rental investment, professional office with residence, mixed-use setup combining commercial and residential space, or multi-family long-terms rentals, the options are wide open.

With one structure ideal for living or hosting and the other suited for workspace, studio, or income potential, this property stands out as a rare opportunity to tailor Lake Placid real estate to your lifestyle or business needs.

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 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.

Located just outside the village line, you’ll enjoy the convenience of town water, and no village taxes. 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, these two units can be rented for unlimited nights throughout the year!

Download the High Resolution Property Survey PDF HERE

For more information and to schedule a showing, please contact:

MLS# 205632

Shannon Eaton, Lic. R.E. Salesperson
Cell: (518) 694-6403
Email: Shannon@AdirondackBroker.com