5957 New Frk #86, Wilmington, NY, 12997
About This Home
Formerly known as the North Country Motor Inn, this property has evolved over the years from a roadside lodging destination to a doctor's office and later multifamily housing. Today, it presents a rare opportunity for redevelopment in the growing Wilmington/Jay corridor. Positioned in a convenient location with substantial acreage, the property offers potential for housing, mixed-use development, or another creative vision, subject to local approvals. While the existing improvements are in significant disrepair and likely beyond practical restoration for their original use, the site itself provides a strong foundation for future investment. Whether you're a developer, contractor, or investor seeking your next project, this property invites imagination and a fresh perspective. With limited housing inventory in the region and continued demand driven by proximity to Whiteface Mountain, Lake Placid, and outdoor recreation, the possibilities are worth exploring for those willing to take on a redevelopment opportunity. Seller is open to listening to all offers.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1940
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 10
- Full bathrooms: 5
- 1/2 bathrooms: 5
Features
- Finished area below ground: 0
- Finished area above ground: 4,182
Interior Area
- Total structure area: 4,182
- Total interior livable area: 4,182 sqft
Property
Details
- Parcel number: 16.19240.000
Lot
- Lot size: 6.80 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
- Lightning
- Cold Wave
- Inland Flooding
- Ice Storm
- Landslide
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Essex 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 | $2,017 | $24,204 |
| Home Insurance * | $129 | $1,548 |
| Property Taxes | $448 | $5,376 |
| Electricity | $691 | $8,293 |
| Total | $3,285 | $39,420 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-08 | Listed for sale | $399,000 |
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