50 W Terrace Avenue Lakewood, NY $ 690,000
50 W Terrace Avenue
$ 690,000
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50 W Terrace Avenue

Lakewood, NY, 14750
$ 690,000
Bedrooms5 Baths2.1 Sq 2,613

Monthly Estimate*

$ 4,248

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Single Family Home for sale in Lakewood, NY

for $690,000 with 5 bedrooms and 2 full baths, 1 half bath. This 2,613 square foot home was built in 1890 on a lot size of 0.2893.

An extraordinary opportunity to own one of Lakewood’s most iconic residences just moments from Chautauqua Lake. Rich in history, architectural character, and timeless craftsmanship, this beautiful Victorian home blends traditional design with the comfort and convenience of thoughtful modern updates in one of Western New York’s most sought-after lake communities. Every corner reveals remarkable original details, from vibrant stained-glass windows to extraordinary architectural millwork and gleaming floor-to-ceiling woodwork that showcase a level of craftsmanship rarely found today. Thoughtful updates completed over the years seamlessly integrate modern comfort while preserving the home’s original character and charm. Situated on a sprawling double corner lot just 150 feet from the water, the property includes coveted deeded lake rights with dock access. The exterior offers a classic lake retreat feel with a grand Victorian front porch, mature perennial gardens, and an expansive deck designed to capture beautiful views of Chautauqua Lake. Inside, the elegant 12-room layout features 5 bedrooms and 2.5 baths. A traditional center hall connects the inviting living room with custom built-in bookcases to the formal dining room, both anchored by stately fireplaces. The main level is further enhanced by a bright four-season sunroom with sliding glass doors to the deck, a first-floor bedroom, half bath, first-floor laundry, and original hardwood floors that add warmth throughout. Upstairs, the primary suite serves as a private retreat featuring a fireplace, beautifully updated bath, chandelier-lit dressing area, and sitting room with access to the restored sleeping porch. Recent improvements include a newer roof with lifetime shingles, updated wiring and plumbing, new A/C (2024), and added insulation. Steeped in local history and connected to the Packard legacy, this is more than a home — it is a rare lifestyle property offering timeless character just a short stroll from Lakewood Beach and minutes from Bemus Point and Jamestown. An exceptional opportunity for a luxury summer retreat or year-round residence.

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Single Family Active

Price

$ 690,000

Bedrooms

5

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 12,945

Style

Colonial,HistoricAntique,TwoStory,Traditional,Vict

Lot Size

0.2893

Year Built

1890

Town/City

Lakewood

County/Region

Chautauqua

MLS | Web ID

B1671417

Features
Interior
Interior Amenities CeilingFans SeparateFormalDiningRoom EatInKitchen Furnished HomeOffice KitchenIsland SlidingGlassDoors NaturalWoodwork BedroomOnMainLevel BathInPrimaryBedroom
Basement Full
Flooring Carpet Hardwood Marble Varies Vinyl
Furnished Y/N Furnished
Total Fireplaces 3
Total Stories 2
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features LeadedGlass
Fireplace Y/N Yes
Half Baths 1
Laundry Features MainLevel
Total Bedrooms 5
Main Level Bedrooms 1
Main Level Bathrooms 1
Total Baths 3
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General
Sewer Connected
Heating Gas Baseboard HotWater
Cooling CentralAir
Utilities CableAvailable ElectricityConnected HighSpeedInternetAvailable SewerConnected WaterConnected
Possession CloseOfEscrow
Appliances Dryer Dishwasher Disposal GasOven GasRange GasWaterHeater Microwave Refrigerator Washer
Garage Spaces 1.0
Patio/Porch Features Deck Open Porch
Architectural Style Colonial HistoricAntique TwoStory Traditional Victorian
Construction Materials WoodSiding
School District Southwestern
Year Built 1890
Electric CircuitBreakers
View Water
Stories Count 2
Township Lakewood-Village
Levels Two
Property Subtype SingleFamilyResidence
Waterfront Features BeachAccess DeededAccess DockAccess Lake
Community Features TrailsPaths
County Chautauqua
Property Type Residential
Attached Garage No
Subdivision Name Waldmer Park Allotment
Garage Y/N Yes
Total Rooms 12
Full Baths 2
Status Active
Directions Corner of W Terrace and Atlantic
High School Southwestern Senior High
City Busti
Body of Water Chautauqua Lake
Senior Community Y/N No
High School District Southwestern
Number Of Units Total 0
MLS Area Lakewood-Village-062201
Lot Size Units Acres
Lot Size Square Feet 12600.0
Elementary School Southwestern Elementary
Year Built Details Existing
Tax Annual Amount 12945.0
Middle/Junior High School Southwestern Middle
Property Condition Resale
Virtual Tour https://listings.threesixtyviews.net/videos/019d77ce-1b67-732d-ad17-f391a7807f4e
Standard Status Active
Middle/Junior School District Southwestern
Elementary School District Southwestern
Tax Assessed Value 285000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 16
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Exterior
Exterior Amenities Deck GravelDriveway
Parking Features Detached Garage
Lot Features CornerLot Other Rectangular RectangularLot ResidentialLot SeeRemarks
Water Source Connected Public
Lot Size Area 0.2893
Foundation Details Block Poured
Building Area Total 2613.0
Lot Dimensions 70X180
Lot Size Acres 0.2893
Waterfront Y/N No
Door Features SlidingDoors
Road Frontage Type CityStreet
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Internal Only
Street Number 1 50
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* Excluded Features
List By
Keller Williams Realty Lancaster

Broker

(716) 989-7440

Phone

Affordability Calculator

$5,327
Per Month
80%
20%
0%
Monthly Principal & Interest
$4,248
Monthly Property Taxes
$1,079
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5444080 Elementary School
5444081 Middle School
Southwestern Senior High High School
Pricing History
DatePricePrice ChangeDescription
5/14/2026$690,000 -7.99% Price Down
4/13/2026$749,900 Listed Price

Map


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50 W Terrace Avenue, Lakewood, NY, 14750 is a Single Family Home for sale at $690,000 with 2,613 sqft and a lot size of 0.2893. 50 W Terrace Avenue has 5 bedrooms, 2.1 baths, and was built in 1890. The property's zip code is 14750 which is in Lakewood, NY