232 Clark Wardner Rd, Paul Smiths, NY, 12970
About This Home
Escape to the tranquility of the Adirondacks with this rare opportunity to own a four bedroom, one and a half bathroom seasonal cabin on beautiful Rainbow Lake. Set on .88 acres with an additional 10.32 acre parcel included, this property offers privacy, natural beauty, and a combined 212 feet of waterfront. The cabin features a warn and inviting layout with plenty of space to gather, unwind and take in the beautiful surroundings. With four bedrooms there is room for guests, while the one and a half baths provide convenience for entertaining. An open boathouse sits along the shoreline, perfect for launching kayaks, canoes, your boat, or jet skis, making it easy to enjoy all that Rainbow Lake offers - from swimming and fishing to paddling and soaking in the scenery. Tucked away among towering trees and unspoiled nature, this unique property provides a quiet seasonal retreat with potential for expansion, or making it your own. With over 11 acres of combined land, you'll enjoy the perfect blend of seclusion and lakefront access. Located just a short drive from Saranac Lake and surrounding towns, yet tucked away in one of the region's most serene settings, this Rainbow Lake getaway is a true piece of the Adirondacks.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Pillar/Post/Pier,Slab
- Roof: Metal
- Construction materials: Log Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Old Style
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Oven,Electric Range,Microwave,Refrigerator
- Laundry features: Main Level,Outside
Basement
- Has basement: Yes
- Basement: Crawl Space,Other
Bathroom1
- Features: Linoleum
- Level: First
- Area: 51.2
- Dimensions: 8 x 6.4
Bathroom2
- Features: Ceramic Tile
- Level: Second
- Area: 19.5
- Dimensions: 3.9 x 5
Bedroom1
- Features: Carpet
- Level: Second
- Area: 114.66
- Dimensions: 9.8 x 11.7
Bedroom2
- Features: Carpet
- Level: Second
- Area: 99.76
- Dimensions: 8.6 x 11.6
Bedroom3
- Features: Hardwood
- Level: Second
- Area: 84.48
- Dimensions: 6.6 x 12.8
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bonus Room
- Features: Linoleum
- Level: First
- Area: 177.41
- Dimensions: 11.3 x 15.7
Den
- Features: Linoleum
- Level: First
- Area: 114.66
- Dimensions: 9.8 x 11.7
Family Room
- Features: Linoleum
- Level: First
- Area: 238.96
- Dimensions: 10.3 x 23.2
Features
- Flooring: Linoleum,Tile,Wood
- Finished area below ground: 0
- Finished area above ground: 1,595
Heating & Cooling
- Heating features: Baseboard,Electric,Wood
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 1,595
- Total interior livable area: 1,595 sqft
Kitchen
- Features: Linoleum
- Level: First
- Area: 266.8
- Dimensions: 11.5 x 23.2
Living Room
- Features: Linoleum
- Level: First
- Area: 224.01
- Dimensions: 13.1 x 17.1
Master Bedroom
- Features: Hardwood
- Level: Second
- Area: 142.79
- Dimensions: 10.9 x 13.1
Property
Details
- Parcel number: 366.218
Features
- Levels: Two
- Patio & porch: Screened
- Has view: Yes
- View description: Lake,Neighborhood
- Has water view: Yes
- Water view: Lake
- On waterfront: Yes
- Waterfront features: Deeded Waterfront,Lake Front
- Waterbody name: Rainbow Lake
- Frontage type: Lakefront
Lot
- Lot size: 11.20 Acres
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
- Ice Storm
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Franklin County and New York
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,019 | $48,228 |
| Home Insurance * | $356 | $4,272 |
| Property Taxes | $960 | $11,520 |
| Electricity | $263 | $3,163 |
| Total | $5,598 | $67,176 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-07-28 | Listed for sale | $899,000 |
For Sale by Agent
View on Zillow