NOT LISTED FOR SALE

16 Waters Edge Way Lake Placid, NY 12946

Estimated Value: $301,000 - $1,693,000

5 Beds
4 Baths
3,018 Sq Ft
$290/Sq Ft Est. Value

Last Sold May 04, 2023

Last sale price $1,535,000 $509 Per Sq Ft

Est. 43% decrease in value since last sale

Current estimated payment $4,653/month

Highlights

  • Deeded Waterfront Access Rights
  • Docks
  • Vaulted Ceiling
  • Lake Front
  • Above Ground Pool
  • Main Floor Primary Bedroom

About This Home

As of May 2023

LOCATION! LOCATION! LOCATION! Rare opportunity to purchase one of the largest lakeside residential units on Lake Placid.This is a single family attached residence boasting 5 bedrooms and 4 full baths. The ownership is a part of the Waters Edge Condominium Association. You can have the comforts and benefits of the association maintenance and service amenities as a single family residence. Large two car heated garage.This property has its own deeded boat slip, sandy beach with a heated pool just steps from your door. This great opportunity to have a lake access property located just a short walk from Main Street and village attractions.

Last Agent to Sell the Property

Robert Politi

Merrill L. Thomas, Inc. License #31PO0306966 Listed on: 10/06/2022

Last Buyer's Agent

Robert Politi

Merrill L. Thomas, Inc. License #31PO0306966 Listed on: 10/06/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,040

Year Built

  • Built in 2001

Lot Details

  • 4,356 Sq Ft Lot
  • Lake Front
  • Property fronts a private road
  • Landscaped
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway

Property Views

  • Lake
  • Mountain
  • Neighborhood

Home Design

  • Split Level Home
  • Wood Siding

Interior Spaces

  • 3,018 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Self Contained Fireplace Unit Or Insert
  • Gas Log Fireplace
  • Propane Fireplace
  • Double Pane Windows

Kitchen

  • Oven
  • Electric Cooktop
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 4 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Above Ground Pool
  • Deeded Waterfront Access Rights
  • Docks

Utilities

  • No Cooling
  • Baseboard Heating
  • Underground Utilities
  • 200+ Amp Service
  • High Speed Internet
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 42.126-3-1.000/21

Community Details

Overview

  • Property has a Home Owners Association

Recreation

  • Recreation Facilities
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,040

Year Built

Built in 2001

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Water Body Name: Lake Placid
  • Subdivision Name: None
  • Directions: First left off Victor Herbert Road from Saranac Avenue. First building on right unit closest to Victor Herbert Road. Unit #14on right side adjoining Common Land.
  • Above Grade Finished Sq Ft: 3018.0
  • Architectural Style: Other
  • Garage Yn: Yes
  • Unit Levels: Multi/Split, Two
  • Year Built: 2001
  • Financial Details School Taxes: 3542.0
  • Financial Details Village Taxes: 2888.0
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Refrigerators: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Cooktop, Microwave, Oven, Range Hood, Refrigerator, Washer
  • Has Basement: None
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Gas Log, Insert, Living Room, Propane
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), High Speed Internet, Jetted Tub, Primary Downstairs, Vaulted Ceiling(s)
  • Living Area: 3018.0
  • Window Features: Double Pane Windows
  • Appliances Dishwasher: Yes
  • Basement:None3: Yes
  • Fireplace Features:Gas Log: Yes
  • Fireplace Features:Living Room: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Appliances:Range Hood: Yes
  • Appliances:Electric Cooktop: Yes
  • Interior Features:High Speed Internet: Yes
  • Interior Features:Primary Downstairs: Yes
  • Appliances:Oven: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Jetted Tub: Yes
  • Fireplace Features:Insert: Yes
  • Fireplace Features:Propane: Yes

Exterior Features

  • Lot Features: Landscaped, Level
  • Pool Features: Above Ground
  • View: Lake, Mountain(s), Neighborhood, Water
  • Waterfront Features: Deeded Waterfront, Lake
  • Waterfront: Yes
  • Common Walls: End Unit
  • Construction Type: Wood Siding
  • Exterior Features: Dock
  • Roof: Asphalt
  • Lot Features:Level: Yes
  • Construction Materials:Wood Siding: Yes
  • Window Features:Double Pane Windows: Yes
  • Waterfront Features:Lake2: Yes
  • Waterfront Features:Deeded Waterfront: Yes
  • Lot Features:Landscaped: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Driveway, Paved
  • Parking Features:Driveway: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Utilities: Cable Available, Internet Available, Sewer Connected, Water Connected, Underground Utilities
  • Heating:Baseboard: Yes
  • Heating:Electric4: Yes

Condo/Co-op/Association

  • Amenities: Pool, Recreation Facilities
  • Association Fee: 1200.0
  • Association: Yes

Association/Amenities

  • Association Fee Includes:Snow Removal2: Yes
  • Association Amenities:Recreation Facilities: Yes
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Trash2: Yes
  • Association Fee Includes:Insurance2: Yes
  • Association Amenities:Pool: Yes

Fee Information

  • Association Fee Includes: Insurance, Maintenance Grounds, Snow Removal, Trash

Schools

  • Junior High Dist: Lake Placid

Lot Info

  • Lot Size Sq Ft: 4356.0
  • Parcel #: 42.126-3-1.000/21
  • Zoning: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 9040.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 1996
Sold by
Evergreen Bank
Bought by
Waters Edge Condo Assoc
Current Estimated Value
$874,000

Purchase Details

Closed on
Jun 24, 1994
Sold by
Paradox Bay Assoc Inc
Bought by
The First National Bank O
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Waters Edge Condo Assoc $105,000 --
The First National Bank O $1,400,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/12/2023 08/12/23 Off Market $1,475,000 -- --
08/12/2023 08/12/23 Off Market $1,535,000 -- --
05/04/2023 05/04/23 Sold $1,535,000 -9.4% $509 / Sq Ft
10/06/2022 10/06/22 Pending -- -- --
10/06/2022 10/06/22 For Sale $1,695,000 +14.9% $562 / Sq Ft
09/29/2021 09/29/21 Sold $1,475,000 0.0% $527 / Sq Ft View Prior Sale
05/28/2021 05/28/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $1,475,000 -- $527 / Sq Ft
Source: Adirondack-Champlain Valley MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $11 $0 $0 $0
2023 $11 $0 $0 $0
2022 $231 $0 $0 $0
2021 $6 $0 $0 $0
2020 $6 $0 $0 $0
2019 $4 $0 $0 $0
2018 $6 $500 $490 $10
2017 $9 $500 $490 $10
2016 $9 $500 $490 $10
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Robert Politi

    Seller's Agent in 2023

    Robert Politi

    Merrill L. Thomas, Inc.

    (518) 524-7087

    7 in this area

    9 Total Sales

    Robert Politi
    Section Image
  • Kristina (Kris) Wheeler

    Buyer Co-Listing Agent in 2023

    Kristina (Kris) Wheeler

    Merrill L. Thomas, Inc.

    (518) 524-2631

    20 in this area

    42 Total Sales

    Kristina (Kris) Wheeler
    Section Image
  • Kelly Locke

    Seller's Agent in 2021

    Kelly Locke

    Merrill L. Thomas, Inc.

    (518) 524-1338

    8 in this area

    28 Total Sales

    Kelly Locke
    Section Image
See All Agents

Map

Source: Adirondack-Champlain Valley MLS

MLS Number: 177445

APN: 154001-042-126-0003-001-000-0000

New York Essex County Lake Placid 12946

16 Waters Edge Way, Lake Placid, NY

This home is located at 16 Waters Edge Way, Lake Placid, NY 12946 since 06 October 2022 and is currently estimated at $874,000, approximately $289 per square foot. This property was built in 2001. 16 Waters Edge Way is a home located in Essex County with nearby schools including Lake Placid Elementary School, Lake Placid Junior/Senior High School, and St. Agnes School.

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