NOT LISTED FOR SALE

40 Saddle Back Way Lake Placid, NY 12946

Estimated Value: $884,000 - $1,395,000

4 Beds
3.5 Baths
2,760 Sq Ft
$383/Sq Ft Est. Value

Sale Details

Date Sold: June 18, 2025

Last sale price $945,000 $342 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,362 / mo

Highlights

  • Horses Allowed On Property
  • View of Trees or Woods
  • Open Floorplan
  • Filtered Pool
  • 11.23 Acre Lot
  • Colonial Architecture

About This Home

As of June 2025

MAJOR PRICE IMPROVEMENT! Nestled in the serene beauty of Lake Placid,NY. Bordering state land, this Placid Meadows home has deeded access to walkable Alford pond, with area's for fishing and boating.This exquisite property allows permitted short term rentals and offers a blend of luxury, comfort, and natural splendor. Situated on a private 11.23-acre lot, this stunning home boasts breathtaking mountain views of Seymour/Scarface and even a peek of Whiteface Mountain! The meticulously landscaped grounds feature winding trails, providing the perfect setting for leisurely strolls or adventurous hikes. As you wrap around the residence, you'll be greeted by the inviting heated in-ground saltwater pool (32'x16''), offering a refreshing oasis during the warmer months. Step inside, and you'll discover a spacious and thoughtfully designed interior. With four bedrooms and three and a half bathrooms, there's plenty of room for family and guests to relax and unwind. The main floor features a convenient bedroom and bathroom, providing flexibility and ease of living. The heart of the home is the beautifully appointed kitchen, granite countertops, custom cabinets, radiant in-floor heating, exposed beams, smart lighting and an open floor plan with the adjacent dining/living area as an ideal space for gathering with loved ones, featuring a cozy fireplace and expansive windows that frame the picturesque views. Step outside onto the outdoor deck or screened-in porch, where you can savor your morning coffee or dine while soaking in the tranquil surroundings. Additional highlights include a full finished lower level with a bedroom, wet-bar, entertainment room, bathroom, walk out to the lawn. A fantastic multipurpose family space, its own walk-out suite, or both! An attached two-car garage with attic storage, provides plenty of space for vehicles and outdoor gear. Come look and make an offer. 72 hour kick out clause.Home can still be shown and offer can be made with the 72 kick out.

Last Agent to Sell the Property

Diana Friedlander

Engel & Volkers Lake Placid Real Estate Brokerage Email: colleen.holmes@evrealestate.com License #10401297463 Listed on: 02/14/2024

Engel & Volkers Lake Placid Real Estate

Last Buyer's Agent

Hannah Torrance

Merrill L. Thomas, Inc. License #10401338441

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,830

Year Built

  • Built in 2007

Lot Details

  • 11.23 Acre Lot
  • Cul-De-Sac
  • Landscaped
  • Native Plants
  • Gentle Sloping Lot
  • Cleared Lot
  • Wooded Lot
  • Private Yard
  • Garden
  • Back and Front Yard

HOA Fees

  • Property has a Home Owners Association

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Lighted Parking
  • Garage Door Opener
  • Driveway
  • 4 Open Parking Spaces
  • Parking Lot
  • Off-Street Parking

Property Views

  • Woods
  • Mountain
  • Meadow
  • Rural
  • Garden

Home Design

  • Colonial Architecture
  • Poured Concrete
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Window Screens
  • French Doors
  • Sliding Doors
  • Living Room
  • Dining Room
  • Recreation Room with Fireplace
  • 2 Fireplaces
  • Bonus Room
  • Game Room
  • Workshop
  • Screened Porch
  • Storage
  • Smart Lights or Controls

Kitchen

  • Gas Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Laundry on lower level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Block Basement Construction
  • Basement Storage

Pool

  • Filtered Pool
  • Heated In Ground Pool
  • Saltwater Pool
  • Fence Around Pool
  • Pool Cover

Outdoor Features

  • Wetlands on Lot
  • Balcony
  • Courtyard
  • Deck
  • Patio
  • Terrace
  • Fire Pit
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System
  • 200+ Amp Service
  • Private Water Source
  • Well
  • Septic Tank
  • Internet Available
  • Phone Available
  • Cable TV Available

Additional Features

  • Borders State Land
  • Horses Allowed On Property

Community Details

  • Placid Meadows Subdivision
  • Pond Year Round

Listing and Financial Details

  • Assessor Parcel Number 50.2-1-7.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,830

Year Built

Built in 2007

Lot Details

11.23 Acres

HOA Fees

$50 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Horses: Yes
  • Lot Size Acres: 11.23
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Subdivision Name: Placid Meadows
  • Directions: From Rte 86 turn onto Station Street.. continue straight onto Averville Rd for appox 3 miles. Make a right on Pond Road. Make a Left on Stone Rd. Make a left on Saddleback Way. House on right
  • Above Grade Finished Sq Ft: 2260.0
  • Architectural Style: Colonial
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Structure Type: House
  • Year Built: 2007
  • Attribution Contact: colleen.holmes@evrealestate.com
  • Financial Details School Taxes: 3627.0
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Refrigerators: Yes
  • Percent Basement Finished: Yes
  • School Taxes Description: Estimated
  • Room Types:Living Room2: Yes
  • Room Types:Dining Room2: Yes
  • Room Types:Game Room2: Yes
  • Room Types:Bonus Room: Yes
  • Room Types:Laundry2: Yes
  • Room Types:Workshop2: Yes
  • Pool Features Salt Water: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Freezer, Gas Cooktop, Gas Range, Microwave, Refrigerator, Washer
  • Has Basement: Exterior Entry, Finished, Full, Interior Entry, Storage Space, Walk-Out Access
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 500.0
  • Door Features: French Doors, Sliding Doors
  • Fireplace Features: Gas, Living Room, Recreation Room
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Hardwood, Wood
  • Interior Amenities: Granite Counters, Beamed Ceilings, Built-in Features, Ceiling Fan(s), High Ceilings, Open Floorplan, Recessed Lighting, Smart Light(s), Storage, Vaulted Ceiling(s), Wet Bar
  • Living Area: 2760.0
  • Stories: 2
  • Window Features: Double Pane Windows, Screens
  • Appliances Dishwasher: Yes
  • Fireplace Features:Living Room: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Appliances:Gas Cooktop: Yes
  • Appliances:Gas Range: Yes
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Basement:Exterior Entry: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Freezer: Yes
  • Fireplace Features:Recreation Room2: Yes
  • Fireplace Features:Gas4: Yes
  • Interior Features:Smart Light(s)2: Yes

Exterior Features

  • Lot Features: Back Yard, Borders State Land, Cleared, Cul-De-Sac, Front Yard, Gentle Sloping, Landscaped, Native Plants, Private, Views, Wetlands, Wooded
  • Pool Features: Fenced, Filtered, Heated, In Ground, Outdoor Pool, Pool Cover, Private, Salt Water
  • View: Garden, Meadow, Mountain(s), Pool, Rural, Trees/Woods
  • Waterfront: No
  • Construction Type: Shingle Siding, Wood Siding
  • Exterior Features: Balcony, Courtyard, Fire Pit, Garden, Lighting, Private Yard, Storage, Other
  • Foundation Details: Block, Poured
  • Other Structures: Shed(s), Storage, Workshop
  • Patio And Porch Features: Covered, Deck, Front Porch, Patio, Porch, Rear Porch, Screened, Terrace
  • Roof: Asphalt
  • Lot Features:Cleared: Yes
  • Lot Features:Wooded: Yes
  • Lot Features:Private: Yes
  • Lot Features:Wetlands: Yes
  • Construction Materials:Wood Siding: Yes
  • Window Features:Double Pane Windows: Yes
  • Lot Features:Views: Yes
  • Exterior Features:Lighting: Yes
  • Exterior Features:Storage2: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Exterior Features:Balcony: Yes
  • Lot Features:Landscaped: Yes
  • Door Features:French Doors: Yes
  • Lot Features:Borders State Land: Yes
  • Construction Materials:Shingle Siding: Yes
  • Lot Features:Cul-De-Sac: Yes
  • Exterior Features:Garden: Yes
  • Lot Features:Native Plants: Yes
  • Exterior Features:Courtyard: Yes
  • Patio And Porch Features:Terrace: Yes
  • Pool Features:Outdoor Pool: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
  • Parking Features: Driveway, Garage Door Opener, Heated Garage, Lighted, Off Street, Parking Lot, Paved, Private
  • Total Parking Spaces: 6.0
  • Parking Features:Driveway: Yes
  • Parking Features:Paved2: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Off Street: Yes
  • Parking Features:Parking Lot: Yes
  • Parking Features:Lighted: Yes

Utilities

  • Laundry Features: Lower Level
  • Heating: Baseboard, Fireplace(s), Hot Water, Propane, Radiant Floor
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, Internet Available, Phone Available, Water Connected
  • Water Source: Private, Well
  • Heating:Baseboard: Yes
  • Sewer Septic Tank: Yes
  • Heating:Radiant Floor: Yes
  • Heating:Hot Water2: Yes
  • Heating:Propane2: Yes

Condo/Co-op/Association

  • Amenities: Pond Year Round
  • Association Fee: 600.0
  • Association Fee Frequency: Annually
  • Association: Yes
  • Pets Allowed: Yes

Association/Amenities

  • Association Fee Includes:Snow Removal2: Yes
  • Association Amenities:Pond Year Round: Yes

Fee Information

  • Association Fee Includes: Snow Removal

Schools

  • Junior High Dist: Lake Placid

Lot Info

  • Horse Amenities: None
  • Lot Size Sq Ft: 489178.8
  • Parcel #: 50.2-1-7.000
  • Zoning: Residential

Rental Info

  • Lease Term: None

Tax Info

  • Tax Annual Amount: 6830.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 6, 2021
Sold by
Bought by
Current Estimated Value
$1,057,230

Purchase Details

Closed on
Jan 18, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Interest Rate
6.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 23, 2005
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$574,400 John Thayer
$139,000 Douglas Sherman
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $600,000
Closed $411,000
Closed $23,389
Closed $43,000
Closed $417,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/18/2025 06/18/25 Sold $945,000 -5.0% $342 / Sq Ft
02/25/2025 02/25/25 Price Changed $995,000 -4.3% $361 / Sq Ft
09/30/2024 09/30/24 Price Changed $1,040,000 -5.0% $377 / Sq Ft
06/18/2024 06/18/24 Price Changed $1,095,000 -2.7% $397 / Sq Ft
04/01/2024 04/01/24 Price Changed $1,125,000 -2.2% $408 / Sq Ft
02/14/2024 02/14/24 For Sale $1,150,000 -- $417 / Sq Ft
02/14/2024 02/14/24 Pending -- -- --
Source: Adirondack-Champlain Valley MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $7,619 $850,300 $238,700 $611,600
2024 $7,383 $774,300 $229,500 $544,800
2023 $6,830 $688,400 $220,700 $467,700
2022 $6,753 $592,100 $192,300 $399,800
2021 $6,801 $536,300 $177,300 $359,000
2020 $6,514 $524,000 $157,300 $366,700
2019 $6,191 $498,600 $157,300 $341,300
2018 $6,088 $498,600 $157,300 $341,300
2017 $6,916 $560,200 $64,900 $495,300
2016 $6,889 $560,200 $64,900 $495,300
2015 -- $560,200 $64,900 $495,300
2014 -- $560,200 $64,900 $495,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Adirondack-Champlain Valley MLS

MLS Number: 201286

APN: 154089-050-002-0001-007-000-0000

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