3603 Placid Lakes BLVD, Lake Placid, FL 33852
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Sylvio Martini

Sylvio Martini

+1(305) 876-4420
$ 1,850,000
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3603 Placid Lakes BLVD Lake Placid, FL 33852

3,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $616

MLS Listing ID B26007766

HOA Y/N No

Year Built 1967

Annual Tax Amount $4,009

Tax Year 2025

Lot Size 134.090 Acres

Acres 134.09

Property Description

Former 18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility all on 139+-Acres priced at Only $12,589 per acre for Fast Sale /Offering Tremendous Upside Potential to develop 1/2 of the course into 201+-Homesites Plus 48 Unit Townhomes on 4 acres (on restaurant site). The restaurant with liquor license is leased. Past income of this business produced 8% Cap Rate 2021 & 9% Cap Rate 2022. This course is the Only Golf Course in Lake Placid. Allocation of values / Proforma Metrics: Restaurant, $400,000; 9-hole golf course @ $4,779 +/- per acre, $325,000; 67 acres with 201 homesites+48 Townhomes at $4,117 per homesite/unit, $1,025,000. Do Not Disturb restaurant tenant! Sale is confidential and buyer Must sign confidentiality agreement before showings & getting detail package

Location

State FL

County Highlands

Area 5940 Florida Other

Interior

Heating Central

Cooling Central Air, Ceiling Fan(s)

Flooring Carpet, Vinyl

Exterior

Utilities Available Electricity Available, Water Available, Sewer Available

Roof Type Composition,Shingle

Total Parking Spaces 35

Private Pool Yes

Building

Story 1

Sewer Not Connected (at lot), Public Sewer, Other

Water Public

Level or Stories One

Structure Type Block

Others

Senior Community No

Tax ID C14372911200d00000

Security Features Other

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/3603-Placid-Lakes-Boulevard-Lake-Placid-FL/unbranded

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Advantage Realty #1

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Sylvio Martini
Sylvio Martini

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+1(305) 876-4420 | martini@miamirealtysolution.com

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3603 Placid Lakes BLVD