5088 W Lake Road, Mayville, NY 14757
sale
$1,395,000
|
Other
Courtesy Of Howard Hanna Holt Real Estate
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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Property Features
- Age: Over 50 Years Old
- Amenities: Water Front
- Cooling System: Central Air
- Floors: 2
- Heating System: Electric (Heating)
- Heating System: Baseboard
- Heating System: Forced Air
- Heating System: Central
- Heating System: Natural Gas
- MLSID: R1721617
- Parking Spaces: 24
- Roof Type: Shingle
- Rooms: Basement
- View Type: Water
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