6394 NY-86 - Hospitality FOR SALE


Jay, NY 12941
$11,500,000 USD
617-610-7774
6394 NY-86, Jay, NY for Sale
$11,500,000 USD
Hospitality - FOR SALE
1/43
null | Request Cap Rate

6394 NY-86
Jay, NY 12941


HIGHLIGHTS

  • 1,140 acres in the Adirondack High Peaks with rich ski history and untapped development potential!
  • Iconic A-frame resort lodge with wellness center, craft bar, restaurant, and 35+ miles of private trails!
  • 12,000+ SF luxury Mountain House perched above the ridge with 360° panoramic views!
  • Closest full-service resort to Lake Placid, Whiteface Mountain, just 7 minutes away, and under 2 hours from Montreal!
  • Significant revenue growth opportunity through expanded lodging, events, and a new microbrewery!
  • Strong local, state, and APA support, with access to $3M+ in government grants and tax incentives!

OVERVIEW

Muroff Hospitality Group is proud to exclusively present the extraordinary opportunity to acquire NewVida Preserve & Estate, a one-of-a-kind experiential resort set on 1,140 private acres in the Adirondack High Peaks. Formerly the beloved Paleface ski mountain, NewVida has been reimagined as a boutique, revenue-generating destination blending luxury lodging, wellness, culinary, and outdoor adventure. The property includes a 12,000+ SF mountaintop residence, a 25,000+ SF resort lodge with restaurant, bar, gym, and wellness center, and over 35 miles of private trails, all just 7 minutes from Whiteface Mountain and under two hours from Montreal. With no zoning restrictions in the Town of Jay, development-ready infrastructure, and strong state and community support, NewVida presents a rare chance to own and scale a historic resort property with proven income and significant potential for lodging and event-driven expansion. NewVida Preserve offers a rare, turnkey growth opportunity with a fully developed and permit-ready expansion strategy—eliminating the heavy lift for future ownership. The vision includes increasing lodging capacity from 50 to 250 guests through the addition of 50 eco-friendly A-frame cabins across two thoughtfully planned hubs: one offering ski-in/ski-out access along former ski runs, the other positioned for panoramic views of Whiteface Mountain. Perched atop Bassett Mountain with breathtaking 360-degree views of the Adirondack High Peaks, the Mountain House is NewVida’s crown jewel—a 12,000+ square foot luxury estate that combines the grandeur of the region’s historic Great Camps with the comfort and elegance of a modern mountain retreat. Designed into the granite mountainside and surrounded by master-crafted stonework by renowned artisan Lew French, this four- story residence offers unmatched privacy and architectural beauty. Whether used as a private residence, luxury guest rental, or executive retreat, the Mountain House is an unparalleled asset that captures the magic, scale, and serenity of the Adirondacks.

FOR SALE DETAILS

PRICE

$11,500,000 USD

PRICE/SF

$540 USD /SF

# OF ROOMS

14

PRICE/ROOM

$821,429 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NewVida Preserve (1140 Acre Resort & Mansion)

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1991

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1140 AC

LAND SF

49,658,400 SF

ZONING

01 - NOT Z

APN/PARCEL ID

152800-027-001-0002-003-100-0000

ASK ABOUT THIS PROPERTY

Mitchell B Muroff, Esq.Muroff Hospitality GroupMore Info
617-610-7774

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Mitchell B Muroff, Esq.Muroff Hospitality GroupMore Info
617-610-7774

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.