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31 Abbey Way, Wilmington, NY, 12997

5beds
4baths
3,230sqft
$1,750,000
$542price/sqft
$11,918/moest. monthly cost
$476,720/yrincome needed

About This Home

Set on a private lot with sweeping Whiteface Mountain views and an Adirondack panorama, this 5-bedroom, 3.5-bath home offers high-quality construction, versatile space, and a rare mountain setting within the Lake Placid School District. Built for year-round living, the home features radiant heat, mini-split heating and cooling, a high-efficiency propane combi boiler, and a whole-home backup generator for peace of mind year-round. The open layout includes generous living areas, well-appointed bedrooms, and a large loft ideal for a media room, home gym, office, or overflow sleeping. An oversized attached radiant-heated garage handles daily needs, while a large detached heated workshop (nearly 1,000sq ft) -- serviced by its own boiler -- offers space for equipment, storage, or hobbies. The level lot is private and usable, with a newly installed pool, lean-to, and fire pit overlooking the mountains. A trail leads to deeded Ausable River access with a riverside fire pit and direct access to fishing and one of the Adirondacks' most celebrated waterways. Steps from your door, enjoy Springfield Road's walking and bike path, plus countless mountain biking trails just down the road. Located minutes from Whiteface Mountain and a short drive from Lake Placid, this property combines mountain views, river access, and high-quality construction in one of the area's most desirable four-season settings.

Getting Around

4
WalkingCar-Dependent
0
TransitVery Limited Transit
19
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 2017

Materials

  • Foundation: Poured,Slab
  • Roof: Shingle
  • Construction materials: Clapboard,HardiPlank Type

Type & Style

  • Home type: SingleFamily
  • Architectural style: Adirondack,Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Free-Standing Electric Oven,Free-Standing Gas Range,Free-Standing Refrigerator,Washer/Dryer
  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Concrete,None

Bathroom1

  • Level: First
  • Area: 40
  • Dimensions: 8 x 5

Bathroom3

  • Features: Ceramic Tile
  • Level: Second
  • Area: 49.45
  • Dimensions: 11.5 x 4.3

Bathroom4

  • Features: Ceramic Tile
  • Level: Second
  • Area: 49.45
  • Dimensions: 11.5 x 4.3

Bathroom5

  • Features: Luxury Vinyl
  • Level: Second
  • Area: 192
  • Dimensions: 16 x 12

Bedroom2

  • Features: Luxury Vinyl
  • Level: Second
  • Area: 187.2
  • Dimensions: 16 x 11.7

Bedroom3

  • Features: Luxury Vinyl
  • Level: Second
  • Area: 315
  • Dimensions: 25 x 12.6

Bedroom4

  • Features: Luxury Vinyl
  • Level: Second
  • Area: 192
  • Dimensions: 16 x 12

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Dining Room

  • Features: Luxury Vinyl
  • Level: First
  • Area: 136
  • Dimensions: 16 x 8.5

Features

  • Breakfast Bar,Ceiling Fan(s),Eat-in Kitchen,High Ceilings,High Speed Internet,Open Floorplan,Recessed Lighting,Storage,Vaulted Ceiling(s),Walk-In Closet(s)
  • Flooring: Ceramic Tile,Luxury Vinyl
  • Number of fireplaces: 1
  • Fireplace features: Electric,Living Room
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 3,230

Heating & Cooling

  • Heating features: Baseboard,Electric,Heat Pump,Hot Water,Propane,Radiant Floor,Wall Furnace,Zoned
  • Cooling features: Ductless,Heat Pump

Interior Area

  • Total structure area: 3,230
  • Total interior livable area: 3,230 sqft

Kitchen

  • Features: Luxury Vinyl
  • Level: First
  • Area: 180.8
  • Dimensions: 16 x 11.3

Living Room

  • Features: Luxury Vinyl
  • Level: First
  • Area: 459.27
  • Dimensions: 24.3 x 18.9

Loft

  • Features: Luxury Vinyl
  • Level: Second
  • Area: 376.27
  • Dimensions: 19.7 x 19.1

Master Bathroom

  • Features: Ceramic Tile
  • Level: First
  • Area: 90.25
  • Dimensions: 9.5 x 9.5

Master Bedroom

  • Features: Luxury Vinyl
  • Level: First
  • Area: 218.95
  • Dimensions: 15.1 x 14.5

Utility Room

  • Level: First
  • Area: 74.69
  • Dimensions: 9.7 x 7.7

Workshop

  • Level: First
  • Area: 874
  • Dimensions: 38 x 23

Property

Details

  • Parcel number: 26.1410.000
  • Other equipment: Generator

Features

  • Levels: Two
  • Pool features: Above Ground
  • Exterior features: Fire Pit,Private Yard,Rain Gutters
  • Has view: Yes
  • View description: Forest,Mountain(s),Panoramic,Trees/Woods
  • Frontage type: See Remarks
  • Topography of land: Level

Lot

  • Lot size: 2.51 Acres
  • Features: Back Yard,Level,Private,Views,Wooded

Parking

  • Parking features: Garage Door Opener,Garage Faces Front,Heated Garage
  • Has garage: Yes

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

  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Landslide
    LandslideModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Cold Wave
Inland Flooding
Ice Storm
Landslide
Winter Weather

FEMA Declared Disasters in Essex County and New York

Flood
Hurricane
Severe Storm
Tornado
Tropical Depression
Tropical 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 $8,848$106,176
Home Insurance *$569$6,828
Property Taxes $1,968$23,616
Electricity $533$6,405
Total$11,918$143,016
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$408,617/yr
40% on housing$357,540/yr
45% on housing$317,813/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: 2.3%
2.3%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -2.7%
-2.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$542This listing

vs Other Active Listings

Avg $/sqft

ZIP 12997$252
Essex County$229

vs Homes Sold Last Month

Median $/sqft

ZIP 12997
Essex County$183

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
2026-04-28Listed for sale$1,800,000

For Sale by Agent

AgentWhit Bissell
BrokerageMerrill L. Thomas, Inc.

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