5088 W Lake Road Chautauqua, NY $ 1,395,000
5088 W Lake Road
$ 1,395,000
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5088 W Lake Road

Chautauqua, NY, 14757
$ 1,395,000
Bedrooms-- Baths-- Sq 6,286

Monthly Estimate*

$ 9,635

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Commercial Property for sale in Chautauqua, NY

for $1,395,000. This 6,286 square foot building was built in 1938 on a lot size of 1.6414.

Irwin Bay Cottages offers the chance to own an operating lakefront vacation rental business on Chautauqua Lake. Situated on approximately 1.62 acres across four contiguous parcels, the property includes 11 rental accommodations, approximately 211 feet of lake frontage, and a private 17-slip dock. Operating for more than 30 years, the business has a strong rental history and a loyal base of returning guests. The property includes two year-round homes and nine seasonal cottages, offering a combined 29 bedrooms and 14 full bathrooms. The current owners have made extensive improvements from 2024 through 2026, including updated interiors, exterior improvements, landscaping, expanded parking, upgraded Wi-Fi, and keyless entry. Additional amenities include an office building, guest laundry facilities, separate housekeeping laundry, recreation areas, and direct lake access. Located approximately one mile from Chautauqua Institution and convenient to Mayville, the property is positioned near the many attractions that bring visitors to the area year after year. Furnishings, equipment, booking and management systems, and relationships with local service providers are already in place. Whether you're looking to expand an existing hospitality portfolio or purchase your first vacation rental business, Irwin Bay Cottages offers something increasingly difficult to find: multiple income-producing accommodations, substantial lake frontage, and an operating business all in one offering.

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Commercial Active

Price

$ 1,395,000

Property Type

Commercial

Taxes

$ 12,332

Style

Lot Size

1.6414

Year Built

1938

Town/City

Chautauqua

County/Region

Chautauqua

MLS | Web ID

R1721617

Features
General
Sewer PublicSewer
Heating Electric Gas Baseboard Central ForcedAir
Cooling CentralAir
Utilities SewerConnected
Possession CloseOfEscrow
Roof Shingle
Zoning R-L
School District Chautauqua Lake
Year Built 1938
View Water
Stories Count 2
Township Not Applicable
Levels Two
Waterfront Features BeachAccess DockAccess Lake
Additional Parcels Description 062889-280-013-0001-004-000
County Chautauqua
Property Type CommercialSale
Possible Use HotelMotel
Total Rooms 29
Status Active
City Chautauqua
Body of Water Chautauqua Lake
High School District Chautauqua Lake
Zoning Description Residential Multi Use
Number Of Units Total 0
MLS Area Chautauqua-062889
Lot Size Units Acres
Lot Size Square Feet 71500.0
Year Built Details Existing
Tax Annual Amount 12332.0
Property Condition Resale
Lease Considered Y/N No
Standard Status Active
Middle/Junior School District Chautauqua Lake
Elementary School District Chautauqua Lake
Tax Assessed Value 681500
TaxOtherAnnualAssessmentAmount 0.0
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Interior
Basement Partial
Total Fireplaces 0
Total Stories 2
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Main Level Bathrooms 0
Total Baths 0
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Exterior
Lot Features Rectangular RectangularLot
Total Parking 24.0
Inclusions Land Building and Business
Lot Size Area 1.6414
Number of Buildings 14
Building Area Total 6286.0
Lot Dimensions 130X550
Lot Size Acres 1.6414
Waterfront Y/N Yes
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Internal Only
Street Number 1 5088
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* Excluded Features
List By
Howard Hanna Holt - Mayville

Broker

(702) 592-7263

Phone

Affordability Calculator

$10,663
Per Month
90%
10%
0%
Monthly Principal & Interest
$9,635
Monthly Property Taxes
$1,028
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
3323588 Elementary School
3323305 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/13/2026$1,395,000 Listed Price

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5088 W Lake Road, Chautauqua, NY, 14757 is a Commercial Property for sale at $1,395,000 with 6,286 sqft and a lot size of 1.6414. 5088 W Lake Road was built in 1938. The property's zip code is 14757 which is in Chautauqua, NY