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816 State Route 86, Gabriels, NY 12939

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For Sale

$950,000

1 beds • 1 baths • 800 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Single Family Detached
    Property type

  • $1,187.50
    Price per square foot

  • 1-5 Years Old
    Age

Explore this Property

Picturesque and rare development opportunity in the heart of the Adirondacks. Located in the hamlet of Gabriels, tucked between Paul Smiths and Saranac Lake- this 11+ acre compound consists of 4 APA approved building lots, 2 scenic ponds, and a cottage. While only minutes away from idyllic Saranac Lake and renowned Lake Placid, this setting affords tranquility while conveniently surrounded by the best of what the Adirondacks have to offer. Minutes to museums, eateries, hiking, boating, fishing, skiing, and shopping. Whether you enjoy snowmobiling, cross country skiing, or country walks- this land is located a stone's throw to a number of trails. Develop your dream compound tucked into nature, or capitalize on this excellent investment opportunity- possibilities are abound! Enjoy fishing directly from your own private ponds, spending evenings gazing at night skies untouched by city lights, or a day exploring all the area has to offer- this opportunity won't last! Currently a single, 11+ acre parcel, the future purchaser would have the option to subdivide. The portion of the land that borders Route 86 would be ideal for a commercial business, or duplex/triplex. *NOTE: Commercial/Residential lot that boarders Rt. 86 can be sold separately for $149,000. Main parcels with ponds, $800,000. Seller is currently finalizing subdivision plans. Updated listings to come.
MLS# 201976

Courtesy Of Merrill L. Thomas, Inc.

(518) 523-2519

Property Features

  • Age
    1-5 Years Old
  • Amenities
    Dock, Pond, Water Front
  • Appliances
    Cooktop, Dryer, Microwave, Refrigerator
  • Architecture Style
    Other
  • Lot Size
    11.92 Acres
  • View Type
    Forest, Hills, Lake, Mountain, Panorama, Water

Map and Directions

Directions to 816 State Route 86, Gabriels, NY 12939

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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