$1.85M
3603 Placid Lakes Boulevard
Lake Placid, FL 33852
Listing updated: June 4, 2026 at 1:18 PM ET
Listing courtesy of Advantage Realty 1 · Gregory Karlson · MLS #L4949447 · Active · 863-386-1111Property type
Year built
Building size
Lot size
Price / SF
Zoning
Days on market
About this property
Former 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 of information!
Virtual tour
Facts & features
- Property type
- Commercial Sale
- Sub type
- Business
- Status
- Active
- Days on market
- 425
- Subdivision
- Placid Lakes Sec 11 Rep
- County
- Highlands
- Year built
- 1967
- Building area
- 3,000 sq ft
- Price/sq ft
- $616.67
- Lot size
- 5,840,960 sq ft
- Buildings
- 1
- Stories
- 1
- Road frontage
- City Street
- Annual taxes
- $4K (2023)
- Parcel #
- C-14-37-29-112-00D0-0000
- Zoning
- AU
- MLS #
- L4949447
Listing details
- Listing date
- 2024-12-16
- On market date
- 2024-12-16
- MLS area
- 33852 - Lake Placid
- Status changed
- 2026-01-02
- Tax legal description
- REV OF RESUB OF PORTION OF SEC 11 PLACID LAKES 8/77 TRACT D -GOLF COURSE- 134 ACRES
Location
Directions
US 27 & Hammock Rd south to Lake Placid to Interlake Blvd to Catfish Cr Rd to Placid Lakes Blvd to Golf course on right.
Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 4, 2026 at 1:18 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Ryan Solberg, Licensed Real Estate Broker · MaxLife Realty, LLC · FL Lic. #BK3354351 · Equal Housing Opportunity · Terms · DMCA