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Welcome to a truly one-of-a-kind farm-style estate in Lake Placid, perfectly situated on nearly five acres and featuring its own private airstrip—a pilot’s dream come true with serious potential for additional income. This beautiful, spacious two-story home sits on an expansive lot and offers warm character throughout, from cedar ceilings and antique bronze fixtures to soaring high-beam ceilings that elevate the enclosed kitchen and living areas. Designed for both comfort and functionality, the layout flows seamlessly to a large, shaded backyard, creating an ideal space for entertaining, relaxing, or enjoying peaceful country living. With ample room for the entire family, this property is as practical as it is charming. But what truly sets it apart is the aviation infrastructure and income opportunity. Spanning the back 316 feet of the property, you’ll find an impressive approximately 2, 800-foot airstrip, along with a 2, 500-foot grass runway with shared easements, offering exceptional access and flexibility for aviation enthusiasts. Adding even more value is the airplane hangar, complete with a 2-bedroom, 1-bath mother-in-law suite—perfect for guest accommodations, rental income, pilot quarters, or multigenerational living. Properties like this don’t come around often—schedule your private showing and experience the possibilities firsthand.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$579,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $463,920 | $463,920 | $463,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.137% | 6.132% | 5.396% |
| Monthly Tax Payment | $371 | $371 | $371 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,598 | $2,778 | $3,699 |
| Total Monthly Payment | $3,061 | $3,241 | $4,162 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.