Riverside cottages in Warren County hit the market for $2.65M
By Luke Nathan – Reporter, Albany Business Review
Oct 23, 2024
A cluster of cottages on the eastern bank of the Hudson River in Warren County has been put on the market for $2.65 million.
Whispering Pines Cottages in Lake Luzerne includes a 7-bedroom lodge, 4-bedroom house and nearly a dozen 2-bedroom cottages.
Mitchell Muroff of Muroff Hospitality Group, who has the listing, said the current owner has made a variety of improvements, including renovating many of the lodgings, clearing land, repaving the driveway and installing a new dock.
“It’s a unique Adirondack property,” Muroff said.
The site is about 15 to 20 minutes from Lake George and Saratoga Springs.
The owner, Riverside Cottage Lake George LLC, purchased the 6.8-acre property at 365 East River Drive in late 2021 for $950,000, according to a deed filing, which indicates the company is based in Jamaica, Queens. Five acres of the site, including the aforementioned buildings, are up for sale.
The owner doesn’t have time to manage and operate the property to maximize revenue so opted to sell it, according to Muroff. The lodgings have been rented out only intermittently in recent years.
The property could be made available to guests through Airbnb, Vrbo or other platforms, Muroff suggested.
Muroff said the property is similar to another Lake Luzerne resort, Hide-A-Way Cottages on Lake Vanare, which he helped sell last year. The 3.8-acre property went for $1.75 million.
Muroff also has active listings for two higher-profile hotel properties in the Lake George market: the Baymont by Wyndham Lake George and Roaring Brook Ranch Resort off Route 9N.
The broker said he believes those are the only two Lake George hotels advertised for sale currently.
“I think by and large the newer owners of independent hotels in the Lake George market tend to upgrade the properties and are looking at them as long-term investments,” Muroff said.