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245 Station Street, 
Lake Placid, NY 12946

$450,000


Bed


Bath


1,800

Sq Ft


Multi-Family

Pending

Listed by

Kelsey Stanton

Merrill L. Thomas, Inc.

518-523-2519

Last updated:

March 17, 2026, 07:31 AM

MLS#

206655

Source:

NY ACVMLS

About This Home

245 Station Street

Bear's Den is a well located two unit property in a quiet residential neighborhood of Lake Placid that offers both comfortable accommodations and an excellent investment opportunity. The home is currently operated as a successful vacation rental and has developed a strong base of repeat guests. The property consists of two separate apartments within the home. The first floor features a spacious two bedroom, one and a half bathroom apartment with generous living space and a fully equipped kitchen. The second floor offers a large one bedroom apartment with two bathrooms and an open, comfortable layout that works well for couples or small families. Both apartments provide plenty of space for guests to relax after a day enjoying the Adirondacks. One of the standout features of Bear's Den is its location. The home sits right at the start of the Adirondack Rail Trail, allowing guests to walk, bike, or ski directly from the property depending on the season. It is also less than a mile from Main Street, where you will find Lake Placid's restaurants, shops, Olympic venues, and the shoreline of Mirror Lake. Beyond its appeal as a place to stay, Bear's Den has proven to be a profitable vacation rental. The current owner is willing to transfer existing bookings and provide income history for both units. The property is presently operated under a lodging permit, and a new owner would simply need to apply for the appropriate permits to continue operating the property as a short term rental. With its combination of strong rental potential, convenient location, and comfortable living spaces, Bear's Den offers a rare opportunity to own a turnkey vacation rental property in Lake Placid.

Home Facts

Multi-Family

Built in 1930

Price Summary

450,000

$250 per Sq. Ft.

MLS #:

206655

Last Updated:

March 17, 2026, 07:31 AM

Added:

14 day(s) ago


Structure

Structure

Building Area:

1,800 Sq. Ft.

Year Built:

1930


Finances & Disclosures

Finances

Price:

$450,000

Price per Sq. Ft:

$250 per Sq. Ft.

Source:NY ACVMLS
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.