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Lake Placid Real Estate Updates Tips For Buying in the Adirondacks

Margie Philo, Real Estate Broker & Owner

Margie Philo, Real Estate Broker & Owner

Berkshire Hathaway HomeServices Adirondack Premier Properties

Welcome to “The Brokers Suite,” our blog with updates about new listings, real estate buying and selling tips, and more real estate topics updated regularly. Stay up to date with the latest Adirondack and Lake Placid real estate market information. Find insider advice and tips to assist you in selling or buying a residential or commercial property in the Adirondacks.

"Where Experience Isn't Expensive, it’s Priceless."

Lake Placid Real Estate Market Expert

See below for our latest blog posts. Some posts are republished as part of the Berkshire Hathaway Home Services collection of real estate education content.

Ask The Broker – May 2021

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Is This A Perfect Time To List? We currently have a major shortage of available housing for sale in our area. Interest rates for mortgages are extremely low and favorable for the buyers. These two factors rarely happen at the same time, making this market ideal for a successful rapid sale. Our offices and agents are busy with buyers looking for homes in every price range.

May 15th, 2021

May 2021 Home Buyer Advice

STUDENT LOANS & HOMEBUYING According to StudentLoanHero.com, you can get a mortgage loan, even with high student loan debt. It’s all in how you manage the three most important factors in getting loan approval: Down Payment: Twenty percent of the purchase price of the home is the benchmark down payment, but it’s possible to get a loan with a down payment as little as 3% such as the Fannie Mae HomeReady™ mortgage. Down payments can be gifts from parents, from your savings, or from state and local down payment assistance programs. No-down-payment loans for veterans are available from VA.gov and Read More

May 5th, 2021

May 2021 Newest Listings

RESIDENTIAL FAWN RIDGE NEW CONSTRUCTION 5 BED  |  3 BATH  | $1,100,000 This new construction luxury home located in Fawn Ridge Lake Placid has 4000 square feet currently unfinished and waiting for your completion. Roof and Marvin windows are in, public water and sewer are connected. Electric and plumbing are already roughed in as well.     2 FAMILY HOME IN SARANAC LAKE 4 BED  |  2 BATH  | $189,000   Nice 2 family home recently renovated inside and out with a new roof, windows, flooring, kitchen and baths. CLICK HERE to view more.     RANCH IN VERMONTVILLE 3 Read More

April 30th, 2021

Ask The Broker – April 2021

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Is This A Good Market For First Time Home Buyers? Whether you are a seller or buyer the market is now ideal for both of you. Very favorable interest rates and first time home buyer mortgage products are readily available, some with no down payment. The lack of inventory and low interest rates have boosted sales and shortened the length of time a home stays on the market. More than ever the realtor you choose needs to be the expert in the area and efficient in the sale and closing process.

April 15th, 2021

April 2021 Home Buyer Advice

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What If There’s No Supply? By the end of 2020, the number of homes listed for sale in the U.S. reached an all-time low. Supply sank below 700,000 homes nationwide, according to realtor.com ®‘s Monthly Housing Trends Report, and that was before the availability of COVID-19 vaccines. With consumers euphoric, it’s possible the spring homebuying season could have even less inventory available. If you want to buy a home, what do you do if there’s little to no supply? Follow these suggestions: Trust your Berkshire Hathaway HomeServices network professional. Having a good relationship with a knowledgeable agent is your best chance at Read More

April 7th, 2021

April 2021 Newest Properties

Sunset From The Home

RESIDENTIAL   COTTAGE ON BLOOMINGDALE AVE 4 BED  |  1 BATH  |  $199,000 This lovely well priced home in the heart of the village is in a fantastic location with walking distance to downtown shops, restaurants, farmers market, carousel, and the beach. CLICK HERE to view more.   SARANAC LAKE RANCH 2 BED  |  2 BATH  |  $249,000 Very well maintained village home centered on a triple lot with nice landscaping. The large living area also has bonus rooms in the lower level with a family room and fireplace. There is also an office. Some other rooms could be converted Read More

April 1st, 2021

Ask The Broker – March 2021

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How Do I Choose the Best Real Estate Company to Market My Home? When choosing the right realtor and company to market your home consider their abilities to market the home. We are the only full time global and local company here with over 1500 interconnected offices and employing a full time photographer and marketing director. Our services include 3D photography, Drone aerial photography, still photography and extensive advertising.  

March 12th, 2021

March 2021 Newest Properties

RESIDENTIAL KEENE VALLEY GEM 6 BED  |  2 BATH  |  $499,000   Move-in ready two-story home in the heart of the desirable Keene Valley, located on a large level lot, minutes from skiing, hiking, swimming and relaxing in the Adirondacks. A perfect place to call home or an excellent investment opportunity. This property is being sold fully furnished and has flexible space with numerous options for guests or vacation rentals. The interior has been meticulously renovated , just awaiting your own personal touch on the exterior, and as a bonus the seller is offering a generous credit for completion of Read More

February 24th, 2021

February 2021 Newest Properties

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RESIDENTIAL   Garden Side Cottage 1 BED  |  1 BATH  |  $395,000 The Garden Side Cottage, is a charming cottage built in 1930 and completely renovated in 2020. For those buyers seeking a turn key condition experience, and within walking distance to all shops, restaurants and the Olympic Skating Arenas don’t miss this opportunity. Click Here to view more.   Colonial In Tupper Lake 4 BED  |  1 BATH  |  $189,500 Circa 1913 home located on a double lot on the quiet Park Street in Tupper Lake. This Craftsman style home features original hardwood floors, expansive living room with brick Read More

February 3rd, 2021

April 2020 Newest Properties

A LakePlacid

Residential LAKE PLACID CAMP 4 BED  |  2 BATH  |  $475,000 An original Adirondack style camp waiting for updates and renovations.   SARANAC LAKE RANCH 4 BED  |  2 BATH  |  $315,000 Wonderful 3 bedroom village home that has been lovingly cared for with a detached barn. CLICK HERE to view more.   BLUE JAY COTTAGE 3 BED  |  2 BATH  |  $190,000 Immaculate sun filled home with cathedral ceilings and large southern facing windows. CLICK HERE to view more.   SARANAC LAKE VILLAGE HOME 5 BED  |  3 BATH  |  $248,000   A historic Saranac Lake Village home with Read More

April 8th, 2020

March 2020 Newest Properties

WATERFRONT VIEWS OF LAKE PLACID 4 BED  |  3 BATH  |  $1,195,000   First time offered for this custom built three level home at the Whiteface Club with outstanding expansive Lake Placid and Mountain Views. CLICK HERE to view more photos & information.   BACK ON THE MARKET!  GREAT CAMP ON LAKE PLACID 4 BED  |  3.5 BATH  |  $5,895,000 Nestled on the shores of Lake Placid you will find this year round stunning home with superior craftsmanship throughout. LOTS & LANDS RIVER ROAD LOT .60 ACRES  |  $10,500   Unique nature within the Adirondack Park to build your home Read More

March 5th, 2020

February 2020 Newest Properties

RESIDENTIAL OLYMPIC HILLS CHALET 3 BED  |  2 BATH  |  $539,000 Every inch of this desirable 3 bedroom 2 level home with a private setting in sought after Lake Placid Olympic Hills neighborhood has not been overlooked. CLICK HERE to view more information & photos.     CUSTOM ADIRONDACK HOME ON OVERLOOK 4 BED  |  4 BATH  |  $1,295,000 An Adirondack architecturally custom built home with attention to detail and every comfort and amenity imaginable on 3 levels of craftsmanship. Click Here to view more information & photos. WATERFRONT LAGOON HOUSE ON LOON LAKE 5 BED  |  4 BATH  |  Read More

February 13th, 2020

January 2020 Newest Properties

Residential School House Lodge 2 BED  |  1 BATH  |  $379,000 Lovely country home surrounded by mature fir trees and directly across from Mt Van Hoevenberg Ski Center. Enjoy the spacious open kitchen and dining floor plan with a large living room and a new woodstove. CLICK HERE to view more photos & information. Ranch In Saranac Lake 2 BED  |  1.5 BATH  |  $179,000   This well priced home has a convenient location in a quiet neighborhood only minutes from Lake Placid or Saranac Lake. The property has easy living on one level with an open floor plan, spacious Read More

January 10th, 2020

December 2019 Newest Properties

Dock and Lake Colby Waterfront

WATERFRONT   Cabin On Lake Colby 3 BED | 2 BATH | $495,000 This unique year round cabin is situated on the shores of Lake Colby with the most amazing fishing in the area. The 40 foot deck right off the kitchen catches every sunset. The screened in porch is a great separate space for outdoor entertaining. Click Here to view more.     Camp Island View 8 BED | 5 BATH |  $1,650,000 510′ lakefront property with it’s own private island located on the west shore of Long Lake. THIS PROPERTY WILL HAVE A RESERVE AUCTION TO BE SOLD Read More

December 2nd, 2019

November 2019 Newest Properties

A MainHouse

WATERFRONT Sheldon Farm on Lake Champlain 5 BED  |  4 BATH   |  $1,895,000 Spectacular early 20th century estate located in Essex on Lake Champlain w/ fabulous panoramic views of the lake & mountains of Vermont. Approx. 600′ of waterfront, 63± acres of open land w/ numerous well-maintained barns, sheds and a lovely pond. RESIDENTIAL Saranac Lake Cottages 6 COTTAGES   |  $199,000   Adorable and clean cottages for sale, two of which are two bedrooms, four cottages are one bedroom units.     Rainbow Lake Log Home 3 BED | 2 BATH | $349,000 Beautiful log home in a Read More

November 4th, 2019

October 2019 Newest Properties

Residential Eagles Nest Lodge 3 BED | 3 BATH | $495,000   Desirable 3 bedroom ranch style home with private setting in sought after Lake Placid neighborhood, minutes from Main Street, and no village taxes.     Thorn Cottage 2 BED | 2 BATH | $549,000 An original Lake Placid Club cottage built in 1900 but completely renovated in 2002 and just a short walk to Mirror Lake and the Main Street shops and restaurants. CLICK HERE to view more information & photos   Lovely Classic Home 2 BED | 2 BATH | $199,000 Lovingly owned by the same family Read More

October 3rd, 2019

September 2019 Newest Properties

Aerial Of Lake Placid Great Camp With Boathouse, Cottage & Main House

WATERFRONT CAMP CAVENDISH 9 BED  |  6 BATH  |  2 HALF BATH  |  $2,900,000 Camp Cavendish, is a rare opportunity to purchase a private, historic Adirondack Camp on Lake Placid with spectacular views and beautiful nightly sunsets. Click Here to view more information & photos.   CAMP UNDERCLIFF 7 BED  |  3 BATH  |  $1,900,000 Camp Undercliff once owned by the New York Central Railroad was operated as a music camp from 1940 to 1963. On the west shore boat access, the views are fantastic and the swimming and fishing are ideal with a large sitting dock. Click Here to Read More

August 30th, 2019

August 2019 Newest Properties

Contemporary Home In Lake Placid

RESIDENTIAL   Contemporary Lake Placid Home 5 BED | 4.5 BATH | $975,000 Wonderful home with a large new addition and meticulously and completely renovated by the owner/ builder with no expenses spared. This is one of the Mirror Lake Drive owners that share a beachfront on Mirror Lake across the street and just a short walk away. Click Here to view more photos & information.   North Branch Cabin 3 BED | 1 BATH | $184,000 Private, renovated three season cottage on one acre with access to Rainbow Narrows for swimming, kayaking or canoeing. Click Here to view more Read More

August 8th, 2019

July 2019 Newest Properties

A HighUp

RESIDENTIAL   NORMAN RIDGE FARMS 4 BED  |  2 BATH  |  469 ACRES  |  $2,295,000 A remarkable opportunity rarely offered in the Adirondacks to purchase this extraordinary farm and home with panoramic mountain views.   THE BALSAMS 6 BED  |  5.5 BATH  |  $1,095,000 The Balsams is a historic Lake Placid Club Cottage that was completely renovated and restored. The large great room with massive stone fireplace has custom woodwork and built-in cabinetry. Click Here to view more photos & information.   RAISED RANCH ON TRILLIUM 6 BED  |  3 BATH  |  $429,000 Lovely four bedroom village home in the Read More

July 2nd, 2019

June 2019 Newest Properties

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WATERFRONT Camp Northlight 2 BED  |  1 BATH  | $289,000 Charming seasonal, boat access home on Upper Saranac that features living room with vaulted ceilings and beams has beautiful wood floors, french doors that open onto a substantial covered front porch & gorgeous views of the lake. Click Here to view more information & photos   Camp Allouette 9 BED  |  4 BATH  |  $2,485,000 Rare opportunity to purchase an original Adirondack Camp that was built in 1893 on the West shore of Lake Placid. Camp Allouette is one of the last available road access camps on the West Lake. Read More

June 4th, 2019

Spectacular Waterfront Properties Outside of Lake Placid

Dock

Adirondack Contemporary on Upper Saranac – $795,000 This year round 3 bedroom home built by Peter Torrance in an Adirondack Contemporary style with 300 feet of waterfront on Upper Saranac Lake. The property features an open floor plan with a fireplace in the living room, a large bonus room/den and a new roof was added in June of 2018. Click Here to view more information and photos. Sunrise Mountain Lodge – $895,000 Stunning 4 bedroom hilltop home has Lake Flower and Mountain Views, 240 feet of waterfront and an original seasonal camp on the water with boathouse that is need of Read More

May 2nd, 2019

April 2019 Newest Properties

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Lake Placid Contemporary 2 BED  |  2 BATH  |  $565,000 A unique and custom built Lake Placid contemporary home that overlooks the Ausable River and mountains. This modern Nordic inspired design features a cherry wood elevator for all three living levels. The stone pillar entrance and property borders state land. There is a gourmet chefs kitchen with river rock granite counters, stainless appliances and a wet bar. Gorgeous cherry hardwood floors throughout, screened porch and a newly built two car detached garage. The attached one car garage could easily be converted into a large third bedroom, office or den offering Read More

April 18th, 2019

Staging Your Home

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Spring has sprung! While the Adirondacks can be a little slow on weather changing over to the beautiful spring weather we look forward to, the extra time is perfect to start planning your spring clean.  Getting rid of the extra clutter around the house is a great first step toward having your home ready for the busy real estate season.   Buyers See Home As “Theirs” De-cluttering helps potential buyers get a feel for the space. Having a minimalist look to the rooms transports potential buyers into living in that space. Removing things from counters, freshening up each room and Read More

April 10th, 2019

Lake Placid Waterfront Properties

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West Shore Camp 5 BED  |   3 BATH  |  $350,000 Large, water access only Adirondack Camp built in 1870 that is located on the shore of Lake Placid. There are two levels with a fireplace, five bedrooms, three bathrooms and a large deck with built in seating that looks out onto Lake Placid. To view more information and photos, click here.   Hawk Dreaming 3 BED  |   1 BATH  |  $400,000 Camp Hawk Dreaming offers a great opportunity to purchase a three bedroom, waterfront cottage with a dock and boathouse on beautiful Lake Placid! This boat access, seasonal home on the West Shore has Read More

April 5th, 2019