3603 Placid Lakes BLVD, Lake Placid, FL 33852
3603 Placid Lakes BLVD, Lake Placid, FL 33852
3603 Placid Lakes BLVD, Lake Placid, FL 33852
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Listed by Mary C. Birge • ADVANTAGE REALTY #1
$1,850,000
Est. payment /mo
134.09 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Pending

Purchase Type For Sale

Subdivision Placid Lakes

MLS Listing ID 300855

Style One Story

Construction Status Resale

HOA Fees $25/ann

HOA Y/N Yes

Year Built 1967

Annual Tax Amount $10,116

Tax Year 2025

Lot Size 134.090 Acres

Acres 134.09

Property Sub-Type Business

Property Description

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!

Location

State FL

County Highlands

Interior

Interior Features Cathedral Ceiling(s)

Heating Central, Electric

Cooling Central Air, Electric

Flooring Linoleum

Fireplace No

Exterior

Exterior Feature Sprinkler/Irrigation, Patio, Shed, Workshop

Parking Features Paved, Parking Available

Water Access Desc Public

Porch Patio

Building

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style One Story

Level or Stories One

Construction Status Resale

Others

Tax ID C-14-37-29-112-00D0-0000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/heartland/300855


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Steven Anderson

Steven Anderson

+1(863) 664-8900

Broker | License ID: BK3525802

Broker License ID: BK3525802

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