While many investors focus solely on Lake George waterfront properties, there are several overlooked areas that offer great investment potential scattered throughout the Southern Adirondacks. This area of Upstate, NY is unlike any other, and it is no wonder why many are drawn here. Between the stunning mountain views, quiet lake scenes, and wonderful communities, this area is beloved by long-term residents and seasonal visitors alike.
Additionally, because much of this area’s value is the result of its natural beauty, Southern Adirondack property continuously grows in long-term value. If you plan on investing in property in this region, be sure to consider these four smart investment regions.
1. Lake Luzerne
Lake Luzerne offers a unique combination of Adirondack charm and affordability that’s becoming increasingly rare in the region. Additionally, this area’s strong sense of community and outdoor opportunities make it especially appealing to the growing number of remote workers looking to escape city life. With more people seeking peaceful year-round residences, this area’s lower entry point makes it particularly attractive due to:
- First-time investment property buyers
- Long-term appreciation potential
- Strong rental demand from nature enthusiasts
- Lower property taxes compared to direct Lake George waterfront
2. Queensbury
Just north of Glens Falls, Queensbury represents a strategic investment opportunity. It’s 15 minutes from Lake George and 30 minutes from Saratoga Springs. However, with nearby Glen Lake, residents don’t have to travel far to experience outdoor recreation such as boating and fishing, ensuring Queensbury has long-term value. These properties are particularly attractive to long-term tenants and family buyers. I personally bought a second home on Glen Lake many years ago, and it was one of my best decisions! Additionally, Queensbury has:
- Robust year-round rental market due to excellent schools
- Growing restaurant and retail scene
- Strong appeal to families and professionals
3. Mechanicville
Mechanicville is an up-and-coming area that has lower entry points for investment, but promises for a bright future, making it a wise investment choice. This town has potential for significant appreciation, and it is less than an hour drive from Lake George. Some other bonuses to Mechanicville:
- Hudson River runs through town
- Growing commuter population
- Renovation opportunities in older neighborhoods
- Emerging small businesses & increased commercial development
- Lower property taxes
4. Ballston Spa & Malta
Ballston Spa and nearby Malta, NY are wise locations to invest in. Located halfway between Lake George and Albany, this area offers various perks. It is more affordable than neighboring Saratoga Springs, but close enough that residents can still enjoy the Spa City. A few additional perks include:
- New construction opportunities as well as historic properties
- Easy highway access
- Strong rental market
- Popular with younger families & working professionals
- Great appreciation potential
- Good school district
Invest in Southern Adirondack Property & Contact Holly Dansbury
While waterfront properties in Lake George will always be desirable, savvy investors should also consider the nearby regions. These four areas offer unique opportunities for both appreciation and rental income, often with lower initial investment requirements and operating costs. As someone who’s made the journey from summer visitor to local real estate expert, I’ve seen firsthand how these “secondary” markets can outperform more obvious investments. The key is understanding each area’s unique appeal and matching it with the right investment strategy.
Whether you’re looking for your first investment property or expanding your portfolio, these overlooked areas around Lake George deserve your attention. If you would like additional information about the Southern Adirondack region, be sure to get in touch. I’m happy to provide more information on the nuances between different towns and you find the right property for your plans.