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4 Beds
3 Baths
2,510 sqft

$359,000

48 Old Lake Colby Road, Saranac Lake NY, 12983

Price per sqft$143.03
Built in1920
Property size2,510 sqft
Property typeResidential

Overview

Active

Listed Mar 22, 2026

Updated 6 days ago

Step into the timeless charm of 48 Old Lake Colby Road, where vintage character meets flexible, incomeproducing potential. This classic old-style main home, paired with a cozy rental cabin, offers an exceptional opportunity for both comfortable living and savvy investing. The main residence welcomes you with warm wood tones, a graceful layout, and a sense of history you can feel the moment you cross the threshold. Sunlight filters through the windows, reflecting off original details and drawing you toward the inviting fireplace—perfect for gathering on cool Adirondack evenings. With four bedrooms and 2.5 bathrooms, the home is thoughtfully arranged into two distinct living spaces: an upper and a lower level, each with its own character and privacy. Envision multigenerational living, a private owner's retreat with a guest suite, or a combination of personal use and rental income. Set just beyond the main home, the charming cabin offers two separate apartments, each with its own entrance, two bedrooms, and two bathrooms in total. Currently rented and producing $875/month, these units generate immediate income while you explore even more possibilities—longterm tenants, travel nurses, or shortterm guests seeking a peaceful retreat near Saranac Lake's lakes, trails, and village amenities. Surrounded by the scent of pine and the quiet rustle of the trees, this property feels like a tuckedaway haven yet remains close to everything you need. Picture crisp mornings with a mug of coffee by the fire, evenings spent under starstudded skies, and weekends exploring the Adirondacks knowing your investment is working for you. 48 Old Lake Colby Road is more than a home; it's a flexible, incomegenerating property infused with warmth, character, and opportunity—ready for its next chapter with an owner who sees its full potential.

$2,388/mo

Est. mortgage payment based on a $359,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202613718

Interior Features

Bedrooms
4
Bathrooms
3
Fireplace
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.78 Acres

Other Property Details

Taxes
$3,829
Tax Frequency
Annually

Listed by Richard Yeager with NY Living Realty
Listing Contact: 518-963-8181 

The IDX display contains information sourced from Global MLS as of 10/17/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/17/2026 at 4:03 AM UTC

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