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3603 Placid Lakes Boulevard

Lake Placid, FL 33852
  • $1,850,000
  • STATUS: Active
  • ON SITE: 51 Days
  • MLS #: L4949447
UPDATED: 25 min ago
$1,850,000
  • 0
    BEDS
  • 134.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,000
    SQFT
  • $617
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1967
County:
Area:

School Ratings & Info

Description

Owner Financing 1/2 Down 7% int/2yr Bal. 18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility with Equipment all on 139+-Acres priced at Only $13,309 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 acre (on restaurant site) while retaining the balance of the course as 9 Hole Golf Course, add pickle ball courts & add a spa on the extra commercial lot for even more potential profit! 60 Golf Carts & equipment are included in sale & 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 @ $4,105 +/- per acre, $275,000; 67 acres with 201 homesites+48 Townhomes at $4,117 per homesite/unit, $1,025,000; golf cart and equipment, $150.000. Do Not Disturb restaurant tenant! Sale is confidential and buyer Must sign confidentiality agreement before showings & getting detail package of information!

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© 2025 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2025-02-06T09:49:21.987.
www.hesseteam.com/homes/158820525
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3603 Placid Lakes Boulevard Lake Placid, FL 33852

  • Price: $1,850,000
  • Status: Active
  • On Site: 51 Days
  • Updated: 25 min ago
  • MLS #: L4949447
0
Beds
0
Baths
0
½ Baths
134.09
Acres
3,000
SQFT
$617
$/SQFT
1967
Built
Neighborhood:
Placid Lakes Sec 11 Rep
County:
Highlands
Area:
Lake Placid
Property Description
Owner Financing 1/2 Down 7% int/2yr Bal. 18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility with Equipment all on 139+-Acres priced at Only $13,309 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 acre (on restaurant site) while retaining the balance of the course as 9 Hole Golf Course, add pickle ball courts & add a spa on the extra commercial lot for even more potential profit! 60 Golf Carts & equipment are included in sale & 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 @ $4,105 +/- per acre, $275,000; 67 acres with 201 homesites+48 Townhomes at $4,117 per homesite/unit, $1,025,000; golf cart and equipment, $150.000. Do Not Disturb restaurant tenant! Sale is confidential and buyer Must sign confidentiality agreement before showings & getting detail package of information!
Exterior Features

Construction Materials Concrete Foundation Details Slab Road Frontage Type City Street Road Surface Type Paved Water Access Pond Water Access Yn Yes Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Building Area Total 3000 Cooling Central Air Cooling YN Yes Flooring Linoleum Heating Central Heating YN Yes Stories Total 1

Property Features

Flood Zone Code X Listing Terms CashConventionalOwner May Carry New Construction Yn No Ownership Other Property Sub Type Business Special Listing Conditions None Tax Annual Amount 4341.12 Total Annual Fees 0 Total Monthly Fees 0 Zoning AU


Listing information © 2025 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of ADVANTAGE REALTY 1: 863-386-1111.



© 2025 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2025-02-06T09:49:21.987.
 
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