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491 County Route 47

Saranac Lake, NY 12983
  • $499,000
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: 204526
UPDATED: 56 min ago
$499,000
  • 8
    BEDS
  • 1.5
    ACRES
  • 7
    BATHS
  • 0
    1/2 BATHS
  • 1,600
    SQFT
  • $312
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1941
County:

School Ratings & Info

School District:

Description

A rare and highly flexible investment opportunity in the Harristown area of Saranac Lake, Hillman's Cottages offers a private compound of seven total units with zoning that allows for unlimited short-term rentals -- and without the burden of village taxes.Set on a quiet, wooded lot, the property includes a charming main residence with a separate upstairs one-bedroom apartment, plus six detached cottages -- a mix of one- and two-bedroom units. One year-round cottage is currently leased on a long-term basis, while the other seasonal cottages are rented monthly in the summer.Whether you're looking to live on-site while generating income, host guests seasonally, or run a year-round rental business, Hillman's Cottages offers the perfect blend of flexibility, privacy, and income potential.

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© 2025 Adirondack-Champlain Valley Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Joseph Salamy | Merill L. Thomas, Inc ~ Gillis Team. Data last updated: 2025-06-15T10:30:25.527.
www.adirondackwaterfronthomes.com/homes/163764376
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491 County Route 47 Saranac Lake, NY 12983

  • Price: $499,000
  • Status: Active
  • On Site: 32 Days
  • Updated: 56 min ago
  • MLS #: 204526
8
Beds
7
Baths
0
½ Baths
1.5
Acres
1,600
SQFT
$312
$/SQFT
1941
Built
Neighborhood:
Saranac Lake, Raybrook
County:
Franklin
Area:
Saranac Lake, Raybrook
School District:
Saranac Lake
Property Description
A rare and highly flexible investment opportunity in the Harristown area of Saranac Lake, Hillman's Cottages offers a private compound of seven total units with zoning that allows for unlimited short-term rentals -- and without the burden of village taxes.Set on a quiet, wooded lot, the property includes a charming main residence with a separate upstairs one-bedroom apartment, plus six detached cottages -- a mix of one- and two-bedroom units. One year-round cottage is currently leased on a long-term basis, while the other seasonal cottages are rented monthly in the summer.Whether you're looking to live on-site while generating income, host guests seasonally, or run a year-round rental business, Hillman's Cottages offers the perfect blend of flexibility, privacy, and income potential.
Exterior Features

Architectural Style CottageAdirondack Attached Garage YN Yes Foundation Details Stone Garage Spaces 1.00 Garage YN Yes Roof Asbestos ShingleMetal

Interior Features

Above Grade Finished Area 1600.00 Appliances DryerWasher/DryerRefrigeratorRangeElectric Range Basement UnfinishedWalk-Out Access Bathroom Level First Bathrooms Total 7.00 Below Grade Finished Area 0.00 Below Grade Unfinished Area 0.00 Kitchen Level First Laundry Features In Basement Living Area 1600.00 Living Room Level First Primary Bedroom Level First Rooms Primary Bedroom (1 Level) Bedroom 2 (2 Level) Living Room (1 Level) Bathroom (1 Level) Kitchen (1 Level) Dining Room (1 Level) Window Features Double Pane Windows

Property Features

Land Tax Annual Amount 2247.39 Listing Terms CashConventional Other Structures Shed(s) Road Frontage Type Highway Road Surface Type Gravel Seasonal Property YN No Sewer CesspoolSeptic Tank Tax Annual Amount 3961.97 Tax Assessed Value 396382.00 Utilities Cable ConnectedInternet ConnectedWater ConnectedUnderground Utilities View NeighborhoodTrees/Woods Water Source Public Waterfront YN No

Listing courtesy of Merrill L. Thomas, Inc.: (518) 523-2519.


© 2025 Adirondack-Champlain Valley Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Joseph Salamy | Merill L. Thomas, Inc ~ Gillis Team. Data last updated: 2025-06-15T10:30:25.527.
 
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Joseph Salamy | Merill L. Thomas, Inc ~ Gillis Team
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