245 Station Street, Lake Placid, NY 12946

• 1,800 sqft

Property Description

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.

Listing Status:

Pending

Date Added:

March 4, 2026

Data Last Updated:

April 5, 2026 at 4:38AM

Listing Office:

Merrill L. Thomas, Inc. : 518-523-2519

Listing Agent:

Kelsey Stanton : 518-572-8877

MLS ID:

206655

Interior

• General: Apartment
• Appliances: Electric RangeMicrowaveRefrigerator
• Basement: Crawl Space
• Flooring: Luxury Vinyl
• Heating: Electric

Exterior

• Style: Old Style

Construction

• Roofing: Metal
• General: Two

Location

• Road/Access: Public
• Originating MLS: Adirondack-Champlain Valley MLS
• School District: Lake Placid
• County: Essex

Lot

• Zoning: 42.238-1-6.000

Utilities

• Utilities: Cable ConnectedElectricity ConnectedSewer Connected200+ Amp Service
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Adirondack-Champlain Valley MLS