For sale

$1,795,000

22 Terrace Way, Lake Placid, NY 12946

5beds

4,573sqft

Single Family Residence

Built in 2005

1 Acres Lot

$-- Zestimate^®

$393/sqft

$-- HOA

What's special

Outdoor kitchenBlue stone patioExpansive sundeckHeated infinity poolSoapstone counters

Adirondack Craftsman 5 bedroom, 5 .5 bath home located on a private 1 acre lot on Terrace Way in Lake Placid. This property MAY do vacation rentals! Great Room with vaulted ceiling and floor to ceiling field stone fireplace and radiant heated maple hardwood floor. Primary bedroom with gas fireplace and bath with soaking tub on main floor. Chefs kitchen with stainless steel appliances includes 6 burner Wolf gas range and soapstone counters. Pantry/laundry includes a second oven and additional cabinet space. Office/guest bedroom and half bath on main level and 2 guest bedrooms each with full bath on the second level. Lower walk out level features a spacious family room with stone fireplace, sauna and 2 additional guest bedrooms with full bath. Attached 2 car garage features a large bunk room and full bath on the second level. Expansive sundeck with heated infinity pool with blue stone patio and outdoor kitchen. Short walk to Lake Placid Main St. village center.

118 days
643
32

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 6
Full bathrooms: 5
1/2 bathrooms: 1

Primary bedroom

Features: Hardwood
Level: First
Area: 265.2 Square Feet
Dimensions: 17 x 15.6

Bedroom 2

Features: Hardwood
Level: Second
Area: 293.8 Square Feet
Dimensions: 13 x 22.6

Bedroom 3

Features: Hardwood
Level: Second
Area: 149.64 Square Feet
Dimensions: 12.9 x 11.6

Bedroom 4

Features: Hardwood
Level: Lower
Area: 189 Square Feet
Dimensions: 15 x 12.6

Bedroom 5

Features: Hardwood
Level: Lower
Area: 232.36 Square Feet
Dimensions: 14.8 x 15.7

Bathroom 1

Features: Ceramic Tile
Level: First
Area: 89.1 Square Feet
Dimensions: 11 x 8.1

Bonus room

Features: Hardwood
Level: Second
Area: 210 Square Feet
Dimensions: 14 x 15

Dining room

Features: Hardwood
Level: First
Area: 103.2 Square Feet
Dimensions: 12 x 8.6

Family room

Features: Carpet
Level: Lower
Area: 1537 Square Feet
Dimensions: 53 x 29

Kitchen

Features: Hardwood
Level: First
Area: 174 Square Feet
Dimensions: 14.5 x 12

Living room

Features: Hardwood
Level: First
Area: 4203.6 Square Feet
Dimensions: 22.6 x 186

Office

Features: Hardwood
Level: First
Area: 169 Square Feet
Dimensions: 13 x 13

Heating

Fireplace(s), Propane, Radiant Floor

Appliances

Included: Dishwasher, Exhaust Fan, Gas Range, Ice Maker, Microwave, Refrigerator, Washer/Dryer, Water Heater
Laundry: Laundry Room

Features

Stone Counters, High Speed Internet, Sauna
Flooring: Ceramic Tile, Hardwood
Windows: Double Pane Windows, Wood Frames
Basement: Finished,Walk-Out Access

Interior area

Total structure area: 4,573
Total interior livable area: 4,573 sqft
Finished area above ground: 2,585
Finished area below ground: 1,988

Property

Parking

Total spaces: 6
Parking features: Driveway, Garage Door Opener, Garage Faces Side, Off Street
Attached garage spaces: 2
Uncovered spaces: 4

Features

Levels: Two
Patio & porch: Deck
Exterior features: Gas Grill, Lighting, Sauna
Pool features: In Ground, Infinity
Has view: Yes
View description: Trees/Woods

Lot

Size: 1 Acres
Features: Few Trees, Level
Topography: Level

Details

Additional structures: Pool House
Parcel number: 42.4335.000

Construction

Type & style

Home type: SingleFamily
Architectural style: Adirondack
Property subtype: Single Family Residence

Materials

Foundation: Poured
Roof: Asphalt

Condition

Updated/Remodeled
New construction: No
Year built: 2005

Utilities & green energy

Sewer: Septic Tank
Water: Public
Utilities for property: Cable Connected, Electricity Connected, Internet Connected, Water Connected

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s)

Location

Region: Lake Placid

Financial & listing details

Price per square foot: $393/sqft
Tax assessed value: $1,719,000
Annual tax amount: $16,429
Date on market: 6/16/2026
Listing agreement: Exclusive Right To Sell
Listing terms: 1031 Exchange,Cash,Conventional
Lease term: Short Term Lease
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/16/2026	Listed for sale	$1,795,000+28.7%$393/sqft
Source: ACVMLS #207592 Report a problem
7/17/2020	Listing removed	$1,395,000$305/sqft
Source: Merrill L. Thomas, Inc. #169730 Report a problem
6/25/2020	Listed for sale	$1,395,000+61.3%$305/sqft
Source: Merrill L. Thomas, Inc. #169730 Report a problem
10/24/2005	Sold	$865,000$189/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$1,719,000 +5%
2024	--	$1,637,100 +9.7%
2023	--	$1,491,700 +10.2%
2022	--	$1,354,200 +5.5%
2021	--	$1,283,000 +28.2%
2020	--	$1,001,100
2019	--	$1,001,100
2018	--	$1,001,100 -5.5%
2017	$21,920	$1,059,800
2016	--	$1,059,800
2015	--	$1,059,800
2014	--	$1,059,800