A rare and highly flexible investment opportunity in the Harristown area of Saranac Lake, Hillman's Cottages offers a private compound of seven total units with zoning that allows for unlimited short-term rentals — and without the burden of village taxes.
Set on a quiet, wooded lot, the property includes a charming main residence with a separate upstairs one-bedroom apartment, plus six detached cottages — a mix of one- and two-bedroom units. One year-round cottage is currently leased on a long-term basis, while the other seasonal cottages are rented monthly in the summer.
Whether you're looking to live on-site while generating income, host guests seasonally, or run a year-round rental business, Hillman's Cottages offers the perfect blend of flexibility, privacy, and income potential.
Sold for $425,000
$425,000
491 County Route 47, Saranac Lake, NY 12983
8beds
1,600sqft
Single Family Residence
Built in 1941
1.5 Acres Lot
$443,000 Zestimate®
$266/sqft
$3,342 Estimated rent
Home value
$443,000
Estimated sales range
Not available
$3,342/mo
Zestimate® history
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$3,342/mo
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$2,939/mo
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$2,939/mo
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List your homeWhat's special
Year-round cottageSeparate upstairs one-bedroom apartmentSeasonal cottagesQuiet wooded lotCharming main residenceDetached cottages
Zillow last checked:
Listing updated:
Listed by:
Marie Wigger Morgan,
Merrill L. Thomas, Inc.
Bought with:
Jonathan Gorgas, 10401292481
Merrill L. Thomas, Inc.
Source: ACVMLS,MLS#: 204526
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 7
- Full bathrooms: 7
Primary bedroom
- Features: Hardwood
- Level: First
- Area: 120 Square Feet
- Dimensions: 10 x 12
Bedroom 2
- Description: IS THE BEDROOM FOR THE APARTMENT
- Features: Linoleum
- Level: Second
- Area: 150 Square Feet
- Dimensions: 10 x 15
Bathroom
- Features: Hardwood
- Level: First
- Area: 99.9 Square Feet
- Dimensions: 9 x 11.1
Dining room
- Features: Hardwood
- Level: First
- Area: 118 Square Feet
- Dimensions: 10 x 11.8
Kitchen
- Features: Luxury Vinyl
- Level: First
- Area: 90 Square Feet
- Dimensions: 9 x 10
Living room
- Features: Hardwood
- Level: First
- Area: 213.5 Square Feet
- Dimensions: 12.2 x 17.5
Appliances
- Included: Dryer, Electric Range, Range, Refrigerator, Washer/Dryer
- Laundry: In Basement
Features
- Windows: Double Pane Windows
- Basement: Unfinished,Walk-Out Access
Interior area
- Total structure area: 1,600
- Total interior livable area: 1,600 sqft
- Finished area above ground: 1,600
- Finished area below ground: 0
Property
Parking
- Total spaces: 7
- Parking features: Garage - Attached, Open
- Attached garage spaces: 1
- Uncovered spaces: 6
Features
- Has view: Yes
- View description: Neighborhood, Trees/Woods
Lot
- Size: 1.5 Acres
Details
- Additional structures: Shed(s)
- Parcel number: 435.422
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Adirondack,Cottage
- Property subtype: Single Family Residence
Materials
- Foundation: Stone
- Roof: Asbestos Shingle,Metal
Condition
- Year built: 1941
Utilities & green energy
- Sewer: Cesspool, Septic Tank
- Water: Public
- Utilities for property: Cable Connected, Internet Connected, Water Connected, Underground Utilities
Community & HOA
Location
- Region: Saranac Lake
Financial & listing details
- Price per square foot: $266/sqft
- Tax assessed value: $424,497
- Annual tax amount: $3,961
- Date on market: 5/13/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Lease term: Other
- Road surface type: Gravel
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2025 | Sold | $425,000-14.8%$266/sqft |
Source:  ACVMLS #204526 Report a problem | ||
| 6/25/2025 | Pending sale | $499,000$312/sqft |
Source: ACVMLS #204526 Report a problem | ||
| 5/13/2025 | Listed for sale | $499,000+150.8%$312/sqft |
Source: ACVMLS #204526 Report a problem | ||
| 5/22/2020 | Listing removed | $199,000$124/sqft |
Source: Adirondack Premier Properties #167229 Report a problem | ||
| 5/7/2020 | Pending sale | $199,000$124/sqft |
Source: Berkshire Hathaway Home Services Adirondack Premier Properties #167229 Report a problem | ||
| 5/7/2020 | Price change | $199,000-28.4%$124/sqft |
Source: Berkshire Hathaway Home Services Adirondack Premier Properties #167229 Report a problem | ||
| 5/5/2020 | Pending sale | $277,900$174/sqft |
Source: Adirondack Premier Properties Berkshire Hathaway HomeService #164575 Report a problem | ||
| 5/5/2020 | Price change | $277,900+39.6%$174/sqft |
Source: Adirondack Premier Properties Berkshire Hathaway HomeService #164575 Report a problem | ||
| 3/27/2020 | Pending sale | $199,000$124/sqft |
Source: Berkshire Hathaway Home Services Adirondack Premier Properties #167229 Report a problem | ||
| 3/27/2020 | Price change | $199,000-28.4%$124/sqft |
Source: Berkshire Hathaway Home Services Adirondack Premier Properties #167229 Report a problem | ||
| 2/26/2020 | Price change | $277,900+39.6%$174/sqft |
Source: Adirondack Premier Properties Berkshire Hathaway HomeService #164575 Report a problem | ||
| 2/26/2020 | Pending sale | $199,000-28.4%$124/sqft |
Source: Adirondack Premier Properties Berkshire Hathaway HomeService #164575 Report a problem | ||
| 2/5/2020 | Price change | $277,900-5.2%$174/sqft |
Source: Adirondack Premier Properties Berkshire Hathaway HomeService #164575 Report a problem | ||
| 12/10/2019 | Price change | $293,000+47.2%$183/sqft |
Source: Adirondack Premier Properties Berkshire Hathaway HomeService #164575 Report a problem | ||
| 10/30/2019 | Price change | $199,000-32.1%$124/sqft |
Source: Berkshire Hathaway Home Services Adirondack Premier Properties #167229 Report a problem | ||
| 6/8/2019 | Price change | $293,000-0.7%$183/sqft |
Source: Adirondack Premier Properties Berkshire Hathaway HomeService #167229 Report a problem | ||
| 12/28/2018 | Listed for sale | $295,000$184/sqft |
Source: Adirondack Premier Properties Berkshire Hathaway HomeService #164575 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $278,300 |
| 2024 | -- | $278,300 |
| 2023 | -- | $278,300 |
| 2022 | -- | $278,300 |
| 2021 | -- | $278,300 |
| 2020 | -- | $278,300 |
| 2019 | -- | $278,300 |
| 2018 | -- | $278,300 |
| 2017 | $4,090 | $278,300 |
| 2016 | -- | $278,300 |
| 2015 | -- | $278,300 |
| 2014 | -- | $278,300 |
| 2013 | -- | $278,300 |
| 2012 | -- | $278,300 |
| 2011 | -- | $278,300 |
| 2010 | -- | $278,300 +35.2% |
| 2009 | -- | $205,800 |
| 2008 | -- | $205,800 |
| 2007 | -- | $205,800 |
| 2006 | -- | $205,800 +105.8% |
| 2005 | -- | $100,000 |
| 2004 | -- | $100,000 |
| 2003 | -- | $100,000 |
| 2002 | -- | $100,000 |
| 2001 | -- | $100,000 |
Find assessor info on the county website
Neighborhood: 12983
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Nearby schools
GreatSchools rating
- 4/10Petrova Elementary SchoolGrades: K-5Distance: 1.6 mi
- 7/10Saranac Lake Middle SchoolGrades: 6-8Distance: 1.6 mi
- 6/10Saranac Lake Senior High SchoolGrades: 9-12Distance: 1.6 mi
- New York
- Franklin County
- Saranac Lake
- 12983
- 491 County Route 47
Nearby cities
Nearby zip codes
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