3603 Placid Lakes Boulevard, Lake Placid, FL

Listing Snapshot

Price

$1,850,000

Days on Site

86 Days

Bedrooms

0

Total Baths

0

Total Sq Ft

3,000 sqft

Lot Size

134.09 Acres

Year Built

1967

Property Type

Commercial

MLS #

B26007766

Property Tax

$4,010 (2025)

County

Highlands

Status

Active

About This Property

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!

General Features

Property Type

Commercial

Status

Active

Year Built

1967

Number of Stories

1

Lot Size (Acres)

134.09

Total Sq Ft

3,000

Sewer

Public Sewer

Water Source

Public

Zoning

AU

Interior Features

Cooling

Central Air / Ceiling Fans

Heating

Central

Flooring

Carpet / Vinyl

Exterior Features

Construction

Concrete

Roof

Shingle

Community & HOA

Security

Other

Utilities

Electricity Connected / Sewer Available / Water Connected

Financing Terms

Cash / Conventional

MLS Area

5940 - Other Florida County