Attention investors and dreamers alike--welcome to 48 Old Lake Colby Road, a charming old-style property that blends timeless character with exceptional income potential. Set back from the road, this inviting home immediately draws you in with its classic lines and warm, lived-in feel. Step inside the main house to discover two distinct living spaces--one upper and one lower--creating a flexible layout ideal for multi-generational living, owner-occupied rental, or a creative mix of long- and/or short-term income. Together, the main home offers four comfortable bedrooms and 2.5 baths, bathed in soft natural light that filters through well-placed windows. In the heart of the home, a welcoming fireplace anchors the living area, casting a gentle glow on cool evenings and infusing the space with a sense of coziness and calm. The rooms flow easily from one to the next, with nooks perfect for reading, working, or gathering with friends and family. Beyond the main residence, a separate cabin adds even more value and opportunity. Thoughtfully divided into two apartments--each with its own entrance, bedroom, bath, and living area--the cabin is currently fully rented and producing $875 per month. Tenants enjoy a sense of privacy and comfort, while you enjoy steady, reliable income from day one. Outside, imagine morning coffee in the crisp Adirondack air, the rustle of leaves, and the quiet of a tucked-away retreat that's still conveniently close to town. Whether you're seeking a personal home with built-in revenue, a pure investment, or a flexible property to grow with your needs, 48 Old Lake Colby Road delivers character, warmth, and possibility in equal measure.
For sale
Price cut: $10K (8/30)
$359,000
48 Old Lake Colby Rd, Saranac Lake, NY 12983
4beds
2,510sqft
Single Family Residence
Built in 1930
0.78 Acres Lot
$360,100 Zestimate®
$143/sqft
$-- HOA
What's special
Classic linesWarm lived-in feelFour comfortable bedroomsWell-placed windowsWelcoming fireplace
- 215 days
- 771
- 35
Zillow last checked:
Listing updated:
Listed by:
NY Living Realty 518-963-8181,
Richard Yeager
Source: ACVMLS,MLS#: 206751
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Primary bedroom
- Features: Carpet
- Level: First
- Area: 12816 Square Feet
- Dimensions: 144 x 89
Primary bathroom
- Features: Laminate Counters
- Level: First
- Area: 7139 Square Feet
- Dimensions: 121 x 59
Dining room
- Features: Hardwood
- Level: First
- Area: 15232 Square Feet
- Dimensions: 136 x 112
Kitchen
- Features: Laminate Counters
- Level: First
- Area: 717100 Square Feet
- Dimensions: 1,010 x 710
Laundry
- Features: Laminate Counters
- Level: First
- Area: 5561 Square Feet
- Dimensions: 67 x 83
Living room
- Features: Hardwood
- Level: First
- Area: 25000 Square Feet
- Dimensions: 250 x 100
Heating
- Oil, Propane
Cooling
- Ceiling Fan(s)
Appliances
- Included: Dishwasher, Electric Oven, Refrigerator, Washer/Dryer
- Laundry: Electric Dryer Hookup, Laundry Room, Main Level, Washer Hookup
Features
- Ceiling Fan(s), Entrance Foyer, In-Law Floorplan, Master Downstairs
- Flooring: Carpet, Hardwood
- Basement: Concrete,Sump Pump
- Number of fireplaces: 1
Interior area
- Total structure area: 2,510
- Total interior livable area: 2,510 sqft
- Finished area above ground: 2,510
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway, Off Street
Features
- Levels: Two
- Stories: 2
- Patio & porch: Front Porch
Lot
- Size: 0.78 Acres
- Features: Gentle Sloping, Many Trees, Private, Sloped Up
- Topography: Sloping
Details
- Additional structures: Guest House
- Parcel number: 446.5216
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Old Style
- Property subtype: Single Family Residence
Materials
- Roof: Shingle
Condition
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Internet Connected, Phone Connected, Sewer Connected, Water Connected, Propane
Community & HOA
Community
- Security: Smoke Detector(s)
Location
- Region: Saranac Lake
Financial & listing details
- Price per square foot: $143/sqft
- Tax assessed value: $290,421
- Annual tax amount: $2,505
- Date on market: 3/22/2026
- Listing agreement: Exclusive Right To Sell
- Lease term: Short Term Lease
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$360,100
$342,000 - $378,000
$2,296/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/30/2026 | Price change | $359,000-2.7%$143/sqft |
Source:  ACVMLS #206751 Report a problem | ||
| 7/14/2026 | Price change | $369,000-2.6%$147/sqft |
Source: ACVMLS #206751 Report a problem | ||
| 6/24/2026 | Price change | $379,000-2.6%$151/sqft |
Source: ACVMLS #206751 Report a problem | ||
| 5/28/2026 | Price change | $389,000-2%$155/sqft |
Source: ACVMLS #206751 Report a problem | ||
| 5/18/2026 | Price change | $397,000-1%$158/sqft |
Source: ACVMLS #206751 Report a problem | ||
| 3/22/2026 | Listed for sale | $401,000+0.5%$160/sqft |
Source: ACVMLS #206751 Report a problem | ||
| 2/12/2026 | Listing removed | $399,000$159/sqft |
Source:  Engel & Volkers #203773 Report a problem | ||
| 7/11/2025 | Price change | $399,000-6.1%$159/sqft |
Source: ACVMLS #203773 Report a problem | ||
| 5/16/2025 | Price change | $425,000-7.4%$169/sqft |
Source: ACVMLS #203773 Report a problem | ||
| 2/7/2025 | Price change | $459,000-7.3%$183/sqft |
Source: ACVMLS #203773 Report a problem | ||
| 1/10/2025 | Listed for sale | $495,000$197/sqft |
Source: ACVMLS #203742 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $190,400 |
| 2024 | -- | $190,400 |
| 2023 | -- | $190,400 |
| 2022 | -- | $190,400 |
| 2021 | -- | $190,400 |
| 2020 | -- | $190,400 |
| 2019 | -- | $190,400 |
| 2018 | -- | $190,400 |
| 2017 | $2,126 | $190,400 |
| 2016 | -- | $190,400 |
| 2015 | -- | $190,400 |
| 2014 | -- | $190,400 |
| 2013 | -- | $190,400 |
| 2012 | -- | $190,400 |
| 2011 | -- | $190,400 |
| 2010 | -- | $190,400 +12.3% |
| 2009 | -- | $169,600 |
| 2008 | -- | $169,600 |
| 2007 | -- | $169,600 |
| 2006 | -- | $169,600 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 12983
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