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6178 Route 242 E, Ellicottville, NY, 14731

4beds
3baths
2,198sqft
$449,999
$205price/sqft
$3,479/moest. monthly cost
$139,160/yrincome needed

About This Home

Experience one of Ellicottville’s most desirable mountain view retreats, ideally located approximately 0.75 miles from the village and offering sweeping panoramic views of the ski slopes, sunsets, and surrounding natural beauty. This beautifully remodeled Craftsman style home blends charm, comfort, and investment potential, featuring 4 spacious bedrooms, 2 full and 1 half bath, and warm wood and slate flooring complemented by stunning woodwork throughout. The inviting layout includes a large eat in kitchen with generous counter space, breakfast nook, built in desk, and first floor laundry, along with a formal dining room perfect for entertaining after a day on the slopes. Multiple gathering areas provide flexibility, including a cozy living room and an additional sitting room centered around a classic brick fireplace ready to be restored. The primary suite offers large windows designed to capture incredible sunset views, while the remaining bedrooms provide comfort for guests and family. Outside, enjoy a flagstone and stone patio ideal for hot tub evenings, bonfires, and year round enjoyment of the peaceful mountain setting, along with ample parking and low maintenance exterior finishes. The property has historically performed as a strong rental and has been enjoyed by many guests, though future short term rentals will require the appropriate municipal permit. Offered mostly furnished and positioned near skiing, golf, mountain biking, and the vibrant village lifestyle, this is a rare opportunity to own a turnkey Ellicottville getaway with outstanding views, proven rental history, and long term value.

Getting Around

8
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Property condition: Resale
  • Year built: 1920

Materials

  • Foundation: Stone
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Craftsman,Two Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Electric Oven,Electric Range,Gas Water Heater,Microwave,Refrigerator,Washer
  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Features

  • Separate/Formal Dining Room,Eat-in Kitchen,Solid Surface Counters,Bedroom on Main Level
  • Flooring: Carpet,Hardwood,Tile,Varies

Heating & Cooling

  • Heating features: Gas,Baseboard
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 2,198
  • Total interior livable area: 2,198 sqft

Property

Details

  • Parcel number: 04368904700300010020060000
  • Special condition: Standard

Features

  • Patio & porch: Patio
  • Exterior features: Gravel Driveway,Hot Tub/Spa,Patio,Private Yard,See Remarks
  • Has spa: Yes
  • Has view: Yes
  • View description: Slope View

Lot

  • Lot size: 1 Acres
  • Features: Other,Rectangular,Rectangular Lot,See Remarks
  • Lot size dimensions: 244 x 171

Parking

  • Parking features: No Garage,Driveway

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters in Cattaraugus County and New York

Flood
Severe Storm
Snowstorm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,275$27,300
Home Insurance *$122$1,464
Property Taxes $719$8,628
Electricity $363$4,358
Total$3,479$41,748
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$119,280/yr
40% on housing$104,370/yr
45% on housing$92,773/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.9%
6.9%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.5%
-1.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$205This listing

vs Other Active Listings

Avg $/sqft

ZIP 14731$275
Cattaraugus County$152

vs Homes Sold Last Month

Median $/sqft

ZIP 14731$267
Cattaraugus County$99

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-20Price change$499,999
2026-04-02Listed for sale$519,999
2026-03-19Contingent$519,999
2026-02-11Listed for sale$519,999
2024-09-26Sold$470,000
2024-08-02Pending sale$479,000
2024-06-24Price change$479,000
2024-06-06Price change$499,000
2024-05-23Listed for sale$525,000

For Sale by Agent

AgentGregory Straus
Brokerage716 Realty Group WNY LLC

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