2105 S US 27 HIGHWAY S Lake Placid, FL $ 2,999,000
2105 S US 27 HIGHWAY S
$ 2,999,000
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2105 S US 27 HIGHWAY S

Lake Placid, FL, 33852
$ 2,999,000
Baths0.0 Sq 1,540

Monthly Estimate*

$ 18,710

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View a Virtual Tour
Studio

Multi-Family Home for sale in Lake Placid, FL

for $2,999,000. This 1,540 square foot home was built in 2008 on a lot size of 6.03.

Located along Highway 27, this 6.03-acre property has waterfrontage on Lake Grassy. It offers significant development potential with existing infrastructure in place for residential expansion. The property includes a 9-unit complex: five single-story units (2 beds, 2 baths, approximately 1,540 sq. ft. living space) and four two-story units (3 beds, 2.5 baths, about 1,534 sq. ft. living space). Completed in 2008, Phase 1 is finished. Phase 2 proposes constructing 42 additional 3-bedroom, 2.5-bath units, each about 1,565 sq. ft. of living space. The design and the size of units can be modified to meet your needs. All necessary infrastructure, including paved roads and utilities, is ready, making this a shovel-ready project. Proposed plans for the new units are included, along with a wastewater management permit valid through 2029. The site also provides space designated for a community pool. This property provides a fully prepared development site with existing income units, without zoning changes or significant infrastructure costs. Its highway frontage, water access, and ready-to-build status make it an attractive option for developers or investors seeking immediate development potential.

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Multi-Family Active

Price

$ 2,999,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,373

Style

Multi Family

Lot Size

6.03

Year Built

2008

Town/City

Lake Placid

County/Region

Highlands

MLS | Web ID

L4954869

Features
Interior
Interior Amenities ceiling fan(s) primary bedroom main floor
Flooring tile
Furnished Y/N unfurnished
Air Conditioning Y/N yes
Heating Y/N yes
Fireplace Y/N no
Laundry Features laundry room
Total Bedrooms 0
Total Baths 0
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General
Sewer public sewer
Heating central
Cooling central air
Utilities cable available electricity connected sewer connected sprinkler well street lights water - multiple meters water connected
Possession close of escrow
Roof tile
Appliances dishwasher microwave range refrigerator
Zoning r3fud
Patio/Porch Features patio rear porch
Construction Materials concrete
Year Built 2008
Tenant Pays electricity sewer water
View water
Property Subtype multi family
Tax Year 2024
Ownership fee simple
Gross Income 169020
Waterfront Features canal - freshwater lake front
Additional Parcels Description c-21-37-30-020-00a0-0000 c-21-37-30-020-00aa-0000
County highlands
New Construction no
Property Type residential income
HOA N
Attached Garage no
Subdivision Name an irreg 4.197 acre tract being 182 ft along nely
Garage Y/N no
Status active
Directions from hwy 27 s to left on stephens dr to left on coronado ct property is on the left
City lake placid
Body of Water lake grassy
Senior Community Y/N no
Number Of Units Total 9
MLS Area 33852 - lake placid
Lot Size Units acres
Lot Size Square Feet 262415
Carport Y/N no
Listing Terms cash conventional
Land Lease Y/N no
Tax Annual Amount 3373.81
Ok to Lease 12 months
Additional Parcels Y/N yes
Lease Considered Y/N yes
Virtual Tour https://www.propertypanorama.com/instaview/stellar/l4954869
Building Area Units square feet
Living Area Units square feet
Standard Status active
Occupancy Type tenant
Tax Lot 20
Legal Description an irreg 4.197 acre tract being 182 ft along nely r/w of us 27 in se 1/4 of sec 20 + sw 1/4 of sec 21 20-37-30/6 4.197 acres
Water View canal lake
Water Access Type canal - freshwater lake
Minimum Lease 1-2 years
Water Access Y/N yes
Water View Y/N yes
Flood Zone Code x
DockY/N yes
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Exterior
Exterior Amenities balcony irrigation system lighting private mailbox rain gutters
Parking Features driveway guest open
Lot Features in county irregular lot landscaped
Water Source public
Lot Size Area 6.0242
Foundation Details slab
Number of Buildings 2
Building Area Total 1680
Lot Size Acres 6.03
Road Surface Type paved
Private Pool no
Waterfront Y/N yes
Road Frontage Type street paved
Number of Lots 3
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Internal Only
Street Number 1 2105
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* Excluded Features
List By
Hammock Realty Llc

Broker

laz@hammockrealty.com

Email

Affordability Calculator

$18,991
Per Month
99%
1%
0%
Monthly Principal & Interest
$18,710
Monthly Property Taxes
$281
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
266288 Elementary School
265661 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/1/2025$2,999,000 Listed Price

Map


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2105 S US 27 HIGHWAY S, Lake Placid, FL, 33852 is a Multi-Family Home for sale at $2,999,000 with 1,540 sqft and a lot size of 6.03. 2105 S US 27 HIGHWAY S is a studio with 0.0 baths and was built in 2008. The property's zip code is 33852 which is in Lake Placid, FL