$1,850,000
3603 Placid Lakes Boulevard Lake Placid, FL 33852
For Sale MLS# L4949447
3,000 sq ft Commercial
Details for 3603 Placid Lakes Boulevard
MLS# L4949447
Description for 3603 Placid Lakes Boulevard, Lake Placid, FL, 33852
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!
Listing Information
Property Type: Commercial, Business
Status: Active
Lot Size: 134.09 Acres
Square Feet: 3,000 sq ft
Year Built: 1967
Stories: 1 Story
Construction: Concrete
Subdivision: Placid Lakes Sec 11 Rep
Foundation: Slab
County: Highlands
Interior Features
Flooring: Linoleum
Utilities
Cooling: Central Air
Heating: Central
Waterfront Details
Water Front Features: Pond
Driving 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.
Financial Considerations
Terms: Cash,Conventional,Owner May Carry
Tax/Property ID: C-14-37-29-112-00D0-0000
Tax Amount: 4341.12
Tax Year: 2023
A broker reciprocity listing courtesy: ADVANTAGE REALTY 1
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Sales History & Tax Summary for 3603 Placid Lakes Boulevard
Sales History
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Tax Summary
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Schools
Schools nearby 3603 Placid Lakes Boulevard
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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