Located in one of Lake Placid's most desirable neighborhoods, this quality-built home offers space, flexibility, and exceptional potential on a sunny one-acre lot. Just far enough from the Village to enjoy peace and quiet, yet close enough for an easy bike ride to the new Rail Trail, restaurants, shops, schools, and the Olympic venues, Patch Lane has long been one of the area's most sought-after locations.The main level features an open-concept living and dining area anchored by a beautiful stone fireplace and filled with natural light from expansive windows overlooking the surrounding trees. A spacious wrap around deck extends the living space outdoors, while mini-split air conditioning in the living room and bedrooms provides year-round comfort.The finished lower level offers a fully self-contained one-bedroom, one-bath living space complete with its own kitchen and separate living area. Perfect for extended family, guests, a live-in caregiver, or additional income through a long-term rental or owner-hosted short-term rental, it provides exceptional flexibility to fit a variety of lifestyles.Lovingly maintained over the years, the home presents an outstanding opportunity for a new owner to update and personalize the finishes while building instant equity in one of Lake Placid's most desirable residential neighborhoods. Major improvements include a new septic system installed in 2019 and a new chimney liner, and recently replaced roof providing peace of mind while preserving the home's character. Easy to show!