Description
ONLY CASH OFFERS CONSIDERED. PROOF OF FUNDS REQUIRED. Amazing opportunity in downtown Lake Placid on scenic Lake Rachard with no HOA fees. This unique concrete dome triplex offers three separate units, ideal for multigenerational living or income potential. Two units feature one bedroom, one bathroom, full kitchens, private patios, and laundry areas. The upstairs unit includes two bedrooms, one and a half bathrooms, a large living room with panoramic lake views, an updated kitchen with a KitchenAid ice maker, private laundry, and a balcony overlooking the water. Property improvements include a Generac generator installed in 2018 with a 500-gallon underground propane tank recently serviced in 2025, new A/C units installed in the vacant unit in 2022, new laminate flooring added in April 2025, new water heaters installed in March 2025, fresh interior paint in 2025 throughout the upstairs and vacant unit, updated electrical panels, and a well pump serviced in April 2025. The rented unit received a new stove and refrigerator in December 2025. The home is centrally located near Devane Circle and downtown Lake Placid’s shopping, dining, and parks, offering peaceful lakefront living with long-term investment potential.
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4BEDS
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0.33ACRES
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3BATHS
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11/2 BATHS
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2,973SQFT
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$0$/SQFT
School Information
Description
ONLY CASH OFFERS CONSIDERED. PROOF OF FUNDS REQUIRED. Amazing opportunity in downtown Lake Placid on scenic Lake Rachard with no HOA fees. This unique concrete dome triplex offers three separate units, ideal for multigenerational living or income potential. Two units feature one bedroom, one bathroom, full kitchens, private patios, and laundry areas. The upstairs unit includes two bedrooms, one and a half bathrooms, a large living room with panoramic lake views, an updated kitchen with a KitchenAid ice maker, private laundry, and a balcony overlooking the water. Property improvements include a Generac generator installed in 2018 with a 500-gallon underground propane tank recently serviced in 2025, new A/C units installed in the vacant unit in 2022, new laminate flooring added in April 2025, new water heaters installed in March 2025, fresh interior paint in 2025 throughout the upstairs and vacant unit, updated electrical panels, and a well pump serviced in April 2025. The rented unit received a new stove and refrigerator in December 2025. The home is centrally located near Devane Circle and downtown Lake Placid’s shopping, dining, and parks, offering peaceful lakefront living with long-term investment potential.
© 2026 Heartland Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Heritage Group. Data last updated: 2026-10-08T09:42:30.167.