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Lake Placid Real Estate Market Blog

Margie Philo, Real Estate Broker & Owner

Berkshire Hathaway HomeServices Adirondack Premier Properties

Join us here in the Brokers Suite, for up to date real estate news, plus Adirondack and Lake Placid real estate market information. Here we will provide you with inside tips to assist you in your purchase and offer relevant Adirondack real estate market resources.

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

Lake Placid Real Estate Market Expert

A Note From Our Broker

Berkshire Hathaway HomeServices Adirondack Premier Properties is a full service real estate and vacation rental firm in Lake Placid, dedicated to customer service and to old fashioned values. Treating people right, following through to be sure each transaction is completed with care, and excellence. Our agency believes in caring for each and every person. The thrill of a real estate deal is in how happy everyone is at the end, making new friends and smooth negotiations. Each of our sales agents and staff are hand picked by me, Margie Philo, Owner and Broker.

For the last 10 years we have been one of the leaders in Adirondack and Lake Placid real estate sales volume. Specializing in Adirondack waterfront, residential homes, and commercial sales; our team of professionals is here to assist you 7 days a week. Our vacation rental department has one of the largest inventories in the Adirondacks, featuring waterfront homes, condos and townhouse rentals, as well as Lake Placid vacation rental homes. We are available to help you find exactly what you’re looking for in a vacation. We welcome you to call and discuss what your dreams are, what we can do to make them happen and answer all of your questions. We are an upbeat and professional group of agents who believe in doing things right, with integrity.

Margie Philo, Broker & Owner

Ask The Broker – April 2021

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

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 finding Read More

April 7th, 2021

April 2021 Newest Properties

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

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

Exterior Of Grey Adirondack Chalet During The Winter

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 that Read More

February 24th, 2021

February 2021 Newest Properties

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

Residential LAKE PLACID CAMP 4 BED  |  2 BATH  |  $475,000 An original Adirondack style camp waiting for updates and renovations. CLICK HERE to view more.   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 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. CLICK HERE to view more photos & information. LOTS & LANDS RIVER ROAD LOT .60 ACRES  |  $10,500 Unique nature within the 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  |  $995,000 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 living 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 ON Read More

December 2nd, 2019

November 2019 Newest Properties

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. Click Here to view more. 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. Click Here to view more.   Rainbow Lake Log Home 3 BED | 2 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. CLICK HERE to view more information & photos.     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 | 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

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. Click Here to view more photos & information.   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  |  Read More

July 2nd, 2019

June 2019 Newest Properties

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

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

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

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

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

March 2019 Newest Properties

WATERFRONT Colonial On Caulkins Pond 4 BEDROOM   |   2 BATH   |   1,976 SQ. FT.   |   $339,000 Paddlers and Hikers paradise! This home is located on Caulkins Pond amidst the heart of the Stony Creek Ponds and the Raquette River. There are trailheads to the High Peaks Seward Mountain Range and Ampersand Mountain. Spacious 4 bedrooms with a new fully automated no carbon footprint pellet boiler. The basement has a workshop. This private location has a lovely pond and mountain views yet easy access to the Saranac Lake Village. Click Here to view more photos.     RESIDENTIAL Mountain Ash 4 Read More

March 15th, 2019

Affordable First Time Buyer Homes

Lake Placid Cherry Lane Home 3 BED    |    2 BATH    |    $279,000 Charming well located home is just outside village taxes. This home features a finished lower level game room, a large rear private deck, an attached one car garage and has had many renovations. In addition, this home is only a ½ mile away from Main Street, shops and schools. Click Here to view more information and photos.   Charming Raised Ranch 5 BED    |    2 BATH    |    $299,000 This raised ranch sits in a nice residential area just outside the Village. This home has hardwood floors throughout and Read More

March 7th, 2019

Properties Close To Skiing & Snowboarding

Adirondack Log Home 5 BEDROOM | 3 BATH |3,200 SQ. FT |  $434,000 This beautiful Katahdin Cedar Log home in Wilmington, NY presents breathtaking mountain views of the Stephenson and Jay Mountain Ranges. There is an open floor plan with a post and beam interior and cathedral ceiling that is complimented by lovely Birch floors. The three sided stone fireplace creates a warm and enjoyable living area and there is a unique circular staircase that leads to a spacious loft. There are five bedrooms and the elegant en-suite master bedroom has a walk-in closet and private spacious bathroom. The lower Read More

February 21st, 2019