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3603 Placid Lakes Boulevard Lake Placid, FL $ 1,750,000
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$ 1,750,000 Get more info
3603 Placid Lakes Boulevard
$ 1,750,000
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Share Save

3603 Placid Lakes Boulevard

Lake Placid, FL
$ 1,750,000
Bedrooms-- Baths-- Sq 3,000

Monthly Estimate*

$ 10,775

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Commercial Property for sale in Lake Placid, FL

for $1,750,000. This 3,000 square foot building was built in 1967 on a lot size of 134.09.

18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility all on 139+-Acres priced at Only $12,589 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 acres (on restaurant site). 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 @ $4,779 +/- per acre, $325,000; 67 acres with 201 homesites+48 Townhomes at $4,117 per homesite/unit, $1,025,000. Do Not Disturb restaurant tenant! Sale is confidential and buyer Must sign confidentiality agreement before showings & getting detail package.

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Commercial Active

Price

$ 1,750,000

Property Type

Commercial

Taxes

$ 4,009

Style

Lot Size

134.09

Year Built

1967

Town/City

Lake Placid

County/Region

Highlands

MLS | Web ID

B26007766
Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air Ceiling Fan(s)
Utilities Electricity Connected Sewer Available Water Connected
Possession Close Of Escrow
Roof Shingle
Security Features Other
Construction Materials Concrete
Year Built 1967
Electric Other
Property Subtype Business
Tax Year 2025
Accessibility Accessibility Features
County Highlands
Property Type Commercial Sale
Status Active
City Lake Placid
MLS Area 5940 - Other Florida County
Tax Annual Amount 4009.78
Virtual Tour https://www.propertypanorama.com/3603-Placid-Lakes-Boulevard-Lake-Placid-FL/unbranded
Standard Status Active
Property Sub Type Additional Business
Legal Description REV OF RESUB OF PORTION OF SEC 11 PLACID LAKES 8/77 TRACT D -GOLF COURSE- 134 ACRES
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Interior
Flooring Carpet Vinyl
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Water Source Public
Total Parking 35
Lot Size Area 5840960.4
Building Area Total 3000
Lot Size Acres 134.09
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* Excluded Features
List By
Gregory S Karlson

Listing Agent

Affordability Calculator

$11,109
Per Month
97%
3%
0%
Monthly Principal & Interest
$10,775
Monthly Property Taxes
$334
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/27/2026$1,750,000 Listed Price

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3603 Placid Lakes Boulevard, Lake Placid, FL, is a Commercial Property for sale at $1,750,000 with 3,000 sqft and a lot size of 134.09. 3603 Placid Lakes Boulevard was built in 1967. The property's zip code is which is in Lake Placid, FL

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