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Improved Residential Land for Sale in Wilmington, New York

5701 NYS Rte 86, Wilmington, NY 12997

$849,000
1.6 acres
Active sale
ago
Est $4,496/mo

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.

1,582
Sq feet
2017
Built

Location

Street address
5701 NYS Rte 86
Zip code
12997
Community
Jay
School district
Lake Placid
Elevation
1,049 feet
Coordinates
44.3905, -73.8212

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

DateEventPriceChangeSource
June 5, 2026New listing$849,000ACVMLS
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This 1.6-acre property is located at 5701 NYS Rte 86 in Wilmington, NY 12997. The property is available for sale for $849,000. It has a 1,582 sq ft structure built in 2017.

Listed by Real Broker NY, (855) 450-0442

Checked 1 hour agoUpdated Source

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