
Improved Residential Land for Sale in Wilmington, New York
5701 NYS Rte 86, Wilmington, NY 12997
A rare Adirondack investment opportunity -- two fully independent, income-producing homes, with a third high-potential revenue stream. Each of the two residences features two bedrooms, one bathroom, a private hot tub, a lean-to, and a dedicated patio, with completely separate electric and septic systems. Both homes are being sold fully furnished. Wood-carved decor and artisan furnishings give each home an unmistakable character that sets them apart from cookie-cutter vacation rentals and commands the guest loyalty that drives repeat bookings. The numbers speak clearly: combined Airbnb income has averaged over $90,000 per year across the last five years. That performance reflects a seasoned short-term rental operation with a proven track record. A historic fire tower on the property is being sold as-is and is structurally complete -- the framework for something truly extraordinary is already in place. The next owner will have the opportunity to finish it to their own standard and launch it as a third short-term rental, one that is without comparison in the Adirondacks. There is nothing else like it on the market. A stay in a working fire tower above the tree line is the kind of experience guests will book months in advance, share widely, and return for. Virtual renderings of the completed fire tower and a pro forma projecting its income potential are included in the listing documents. For an investor seeking a cash-flowing asset with documented income history, operational independence across units, and a genuine competitive moat, this property delivers on every front. The existing revenue provides a stable foundation; the fire tower introduces meaningful upside that is not yet reflected in the five-year average.
Location
- Street address
- 5701 NYS Rte 86
- County
- Essex County
- Zip code
- 12997
- Community
- Jay
- School district
- Lake Placid
- Elevation
- 1,049 feet
Property details
- Acreage
- 1.6 acres69,696 sq ft
- Zoning
- Residential
- MLS #
- ACVMLS 207461
- Posted
Property taxes
- Recent
- $5,086
Parcels
- 16.3-2-26.000
Details and features
Listing
- Type
- Residential Multi Family
Exterior
- Pool
- Deck, Porch
- Hot Tub
- Yes
- Features
- Balcony, Fire Pit, Private Yard
Structure
- Basement
- Crawl Space
- Water
- Private, Well
- Sewer
- Septic Tank
- Heating
- Electric
- Cooling
- Window Unit(s)
- Materials
- Wood Siding
Interior
- Appliances
- Dishwasher, Free-Standing Electric Range, Microwave, Refrigerator, Washer/Dryer Stacked
- Features
- Natural Woodwork
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| June 5, 2026 | New listing | $849,000 | — | ACVMLS |






































































































