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A rare opportunity to build a home and boathouse on Lake Placid Lake which is very well priced and convenient road access located on the Brewster Peninsula. This property has 75 feet of waterfront on Lake Placid's Sunset Strait with a rustic cabin and shed that can be taken down for a new home to be built. The regulations to custom build a home include a 50 foot set back from the lake and there is enough water frontage for a boathouse. The boathouse should not exceed 21 feet wide and is considered permissible, subject in each case to LP Review Board approval. Though private and wooded, this location is walking distance to the Jack Rabbit Trails to hike and cross country ski, and to Main Street restaurants and shops. Originally listed over $1.1 million and assessed now at $839,000. we have priced this great opportunity at well below it's assessed value.