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According to the United States Census Bureau , the village has a total area of 47.2 square miles (122 km 2 ), of which, 44.7 square miles (116 km 2 ) of it is land and 2.6 square miles (6.7 km 2 ) of it (5.46%) is water.
Speculator Mountain with an altitude of 2977 feet (907 m) is south of the village.
Lake Pleasant and Sacandaga Lake are west of the village. The Sacandaga River assumes its riverine nature from the outflow of Lake Pleasant at Speculator, although much of the water flows from Sacandaga Lake through the Sacandaga Lake Outlet into Lake Pleasant underneath NY-8 southwest of the village.
NY 8 and NY 30 intersect and combine in the village.
The entire village is located within the Lake Pleasant Central School District.