22 Otter Way, Lake Placid, NY 12946

$650,000 Asking Price

5 beds
3 baths
3,290  sqft
Built in 2006

Welcome to this charming property in the highly sought-after Otter Landing development on the Chubb River in Lake Placid. This spacious raised ranch boasts nearly 3300 square feet of living space. This house features 5 bedrooms, 2.5 bathrooms, and 2 full kitchens and is perfect for hosting gatherings or accommodating extended family. Recent upgrades include recently remodeled bathrooms and new flooring throughout. The handicap-accessible basement is equipped with a full second kitchen, spacious living room, a half-bath that can convert to a full bath, and a private entrance, making it ideal for conversion into a self-contained apartment for guests or rental income. Outside, enjoy two spacious yards surrounded by mature hardwoods and views of the Chubb River off the back deck. Perfect for entertaining, the property features a 14x14 fenced-in patio with a fire pit, an 8-person hot tub nestled within a privacy fence, and a custom-built 10x8 shed/dog house. The front yard presents an opportunity with two separate lot lines, allowing for the potential construction of unattached garage(s) that could provide long-term apartment rental income. Don't miss your opportunity to own this exceptional property, offering a blend of comfort, convenience, and income potential.

Features & Amenities

Interior

General:
Bar, Storage
Appliances:
Dishwasher, Free-Standing Electric Range, Microwave, Refrigerator, Washer/Dryer
Basement:
Block, Exterior Entry, Finished, Walk-Out Access
Flooring:
Carpet, Laminate, Vinyl, Wood
Heating:
true, Baseboard, Oil

Exterior

General:
Courtyard, Fire Pit, Private Entrance, Private Yard
Style:
Ranch

Construction

General:
Brick Veneer, Vinyl Siding, Block

Location

Originating MLS:
Adirondack-Champlain Valley MLS
School District:
Lake Placid
County:
Essex

Lot

Zoning:
42.221-1-15.111
View:
River
Fencing:
Wood

Utilities

Utilities:
200+ Amp Service

Financial

Source:
Adirondack-Champlain Valley MLS

This listing courtesy of:
Merrill L. Thomas, Inc., Kelsey Cassidy

About Lake Placid, NY

Housing

Number of Units
4,301
Median Home Value
$347,417
Median Rent
$767

35.54% of housing units are renter occupied.

38.40% are vacant.

Commute

Car
66.86%
Public Transportation
2.40%
Walk to Work
7.62%
Work from Home
21.10%
Other
0.33%

The median travel time to work is 13 minutes.

People

Population
5,914
Median Age
38.00
Median Household Size
2.72

Education

High School
24.83%
Associate’s Degree
9.05%
Bachelor’s Degree
21.53%
Graduate Degree
15.67%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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