A superb private level site on Rainbow Lake, a 3-lake chain of lakes in the heart of the Saranac Lake/Paul Smiths region. The house is a modest 1200 square foot ranch which hasn't be occupied since the 1970's. One can refit this house completely for a reasonable cost and have the best of everything in a compact 2-bedroom layout. The boathouse is 10-years old and is finished perfectly. A nice motorized fishing boat is included.