3603 PLACID LAKES BOULEVARD
LAKE PLACID, FL 33852
About this home
Former 18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility all on 139+-Acres priced at Only $13,310 per acre for Fast Sale /Offering Tremendous Upside Potential! Open it all back up or explore many alternative potential uses. All Subject to Approvals of course. The restaurant with liquor license is leased. Past income of this business produced was 8% Cap Rate 2021 & 9% Cap Rate 2022. This course is the Only Golf Course in Lake Placid. Allocation of values: Restaurant, $400,000(4+-acres) then 134+-acres @ $10,486 per acre(w/valuable wells,pumps/barn), 3 residential lots($45k) Do Not Disturb restaurant tenant! Sale is confidential and buyer Must sign confidentiality agreement before showings & getting detail package of information!
Facts & features
Interior
- Living area
- 3,000 sqft
- Heating
- Central
- Cooling
- Central Air
- Flooring
- Linoleum
- Stories
- 1
Exterior & lot
- Lot size
- 5,840,960 sqft (134.09 ac)
- Construction
- Concrete
Financial
- Annual tax
- $4,341 (2023)
- Price / sqft
- $617/sqft
Property
- Property type
- Single Family
- Year built
- 1967
- Subdivision
- PLACID LAKES SEC 11 REP
- County
- Highlands
Listing
- Status
- Active
- Days on market
- 445 days
- MLS #
- MFR743161171
- Source
- Stellar MLS
Listed by Gregory Karlson · ADVANTAGE REALTY 1
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 19 comparable sales within 2 miles of LAKE PLACID, FL, this home is priced under RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $9,355/mo
- Property tax
- $362/mo
- Home insurance
- $0/mo
Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own bill; insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Dec 16, 2024 | Listed | $1,850,000 | — |
NeighbourhoodSample data
Reference scores for LAKE PLACID, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
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