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Chelsea Hicks
REALTOR®, REALTOR®

249 E Terrace Avenue, Lakewood, NY 14750

$395,000
  • 249 E Terrace Avenue, Lakewood, NY 14750 Main Photo

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New to the Market Active
BEDS4 BATHS2 full 1 partial SQUARE FEET1,460 MLS#R1666437
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONSquires Park SCHOOLSouthwestern

Property Description

Welcome to 2491/2 & 251 East Terrace, a rare opportunity to own a lakefront property on beautiful Chautauqua Lake with over 30 feet of shoreline, panoramic water views, and two homes on one lot. This unique property offers the perfect blend of lakeside lifestyle, flexibility, and investment potential. The main lakefront home features 3 bedrooms and 1.5 bathrooms, with inviting living spaces designed to capture the natural light and stunning lake views that make Chautauqua Lake living so special. Whether enjoying your morning coffee overlooking the water or gathering with family and friends, this home offers the perfect setting for everyday living or a relaxing lake retreat. Just steps away, the separate 1-bedroom, 1-bath guest home provides ideal space for extended family, visiting guests, or long-term rental income. Having two homes on one property creates endless possibilities for multi-generational living, vacation rentals, or a private guest cottage. Outside, enjoy direct lake access with over 30 feet of shoreline, perfect for boating, kayaking, fishing, or simply relaxing by the water. The property also includes a paved driveway and an exterior storage shed and is being sold partially furnished, making it easy to start enjoying lake life right away. An additional 25' x 101' lot located directly across the street is included, providing additional space and future potential. Located in a peaceful lakeside neighborhood with wonderful neighbors, this property is just minutes from Lakewood, Jamestown, Bemus Point, and Chautauqua Institution, giving you easy access to shopping, dining, entertainment, and all the recreation the Chautauqua Lake region is known for. Whether you are searching for a year-round lakefront home, a vacation getaway, or an income-producing property on Chautauqua Lake, this rare offering captures the beauty, lifestyle, and opportunity of true lakefront living.

249 E Terrace Avenue | MLS# R1666437

This multi-family property located at 249 E Terrace Avenue, Lakewood, NY 14750 is currently listed for sale with an asking price of $395,000. E Terrace Avenue is located within the Southwestern school district. Search Lakewood real estate on chicks.mjpeterson.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Cooling: Wall Unit(s)
Fireplaces: 1
Heating: Gas, Hot Water
Lot Size: 0.17 Acres
Stories: 1.0
Taxes: $5,172
Year Built: 1935

Feature Descriptions

Appliances: Gas Water Heater
Body of Water: Chautauqua Lake
Days on Site: 1
Exterior: Vinyl Siding
Flooring: Carpet, Laminate, Luxury Vinyl, Tile, Varies
Lot: Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 31X232
Parcel#: 062201-368-020-0004-030-000
Parking: Paved
Parking Notes: Paved
Sewer: Connected
Special View Info: Water
Units: 2
Utilities: Sewer Connected, Water Connected
Water: Connected, Public
Water Features: Beach Access, Deeded Access, Dock Access, Lake

Local Schools

School District: Southwestern

Listed By / Shown By

Listing By

Agency Name: Howard Hanna Holt - Mayville
Agency Contact: 678-938-2552

Shown By

Agent Name: Chelsea Hicks
Agent Phone: Cell: (585) 813-2856
Agency Title: MJ Peterson Real Estate

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Estimated Payment

$ 1,425.31 per month $879.10 Principal & Interest $431.00 Property Tax $115.21 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/25/2026. The listing information on this page last changed on 04/25/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 04/25/2026 12:00:55 AM EST) or New York State Alliance MLS (last updated Fri 04/24/2026 11:58:54 PM EST). Real estate listings held by brokerage firms other than MJ Peterson Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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