$2,999,000
2105 S Us 27 Highway S Lake Placid, FL 33852 - LAKE GRASSY
For Sale MLS# L4954869
1,540 sq ft Multi-family
Details for 2105 S Us 27 Highway S
MLS# L4954869
Description for 2105 S Us 27 Highway S, Lake Placid, FL, 33852 - LAKE GRASSY
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.
Listing Information
Property Type: Residential, Multi Family
Status: Active
Lot Size: 6.03 Acres
Square Feet: 1,540 sq ft
Year Built: 2008
Construction: Concrete
Subdivision: An Irreg 4.197 Acre Tract Being 182 Ft Along Nely
Foundation: Slab
Number Of Units Total: 9
County: Highlands
Additonal Room Information
Laundry: Laundry Room
Interior Features
Appliances: Microwave, Range, Refrigerator, Dishwasher
Flooring: Tile
Additional Interior Features: Ceiling Fan(s), Main Level Primary
Utilities
Water: Public, Multiple Meters
Sewer: Public Sewer
Other Utilities: Cable Available,Electricity Connected,Sewer Connected,Water Connected
Cooling: Ceiling Fan(s), Central Air
Heating: Central
Exterior / Lot Features
Parking Description: Open, Guest, driveway
Roof: Tile
Lot View: Canal,Lake,Water
Additional Exterior/Lot Features: Sprinkler/Irrigation, Rain Gutters, Balcony, Lighting, Patio, Balcony, Rear Porch, Irregular Lot, Landscaped, Outside City Limits
Waterfront Details
Standard Water Body: LAKE GRASSY
Water Front Features: Canal Access, Lake Privileges, Lake Front
Community Features
Community Features: Street Lights
Driving Directions
FROM HWY 27 S TO LEFT ON STEPHENS DR TO LEFT ON CORONADO CT PROPERTY IS ON THE LEFT
Financial Considerations
Terms: Cash,Conventional
Tenant Pays: Electricity,Sewer,Water
Gross Income: 169020
Tax/Property ID: C-20-37-30-A00-0060-0000
Tax Amount: 3373.81
Tax Year: 2024
A broker reciprocity listing courtesy: HAMMOCK REALTY LLC
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 2105 S Us 27 Highway S
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 2105 S Us 27 Highway S
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
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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