FL > Lake Placid > Placid Lakes Sec 11 Rep
Lake Placid, FL 33852,3603 PLACID LAKES BLVD
Lake Placid, FL 33852,3603 PLACID LAKES BLVD
Lake Placid, FL 33852,3603 PLACID LAKES BLVD
26
See all 26 photos
$1,850,000
Est. payment /mo
Save Virtual Tour
3,000 SqFt
New

3603 PLACID LAKES BLVD Lake Placid, FL 33852

Save Virtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Wed
18
Dec
Thu
19
Dec
Fri
20
Dec
JG Signature Team

JG Signature Team

+1(407) 733-3432

UPDATED:

12/17/2024 10:02 AM

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $616

Subdivision Placid Lakes Sec 11 Rep

MLS Listing ID L4949447

HOA Y/N No

Originating Board Stellar MLS

Year Built 1967

Annual Tax Amount $4,341

Lot Size 134.090 Acres

Acres 134.09

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!

Location

State FL

County Highlands

Community Placid Lakes Sec 11 Rep

Zoning AU

Interior

Heating Central

Cooling Central Air

Flooring Linoleum

Exterior

Water Access Yes

Water Access Desc Pond

Building

Story 1

Foundation Slab

Lot Size Range 100 to less than 200

Structure Type Concrete

New Construction false

Others

Ownership Other

Acceptable Financing Cash, Conventional, Owner Financing

Listing Terms Cash, Conventional, Owner Financing

Special Listing Condition None

Stellar MLS
© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by ADVANTAGE REALTY 1

Learn More About LPT Realty

JG Signature Team

Team Leader / Realtor®

+1(407) 733-3432

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Tour the Home

3603 PLACID LAKES BLVD