LAKE PLACID, FL 33852 3603 PLACID LAKES BOULEVARD

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Presented By: ADVANTAGE REALTY 1 with 863-386-1111. - 863-386-1111
  • MLS# L4949447
  • 12/16/2024
  • Request Tour
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  • SQFT • 3,000

Home Details

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!
Presented By: ADVANTAGE REALTY 1 with 863-386-1111. - 863-386-1111

Interior Features for 3603 PLACID LAKES BOULEVARD

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourceestimated
Air Conditioning Y/NYes
Flooringlinoleum
Heating Y/NYes
Total Stories1

General for 3603 PLACID LAKES BOULEVARD

Additional Parcels Y/NNo
Building Area Unitssquare feet
Citylake placid
Construction Materialsconcrete
Coolingcentral air
Countyhighlands
Directionsus 27 & hammock rd south to lake placid to interlake blvd to catfish cr rd to placid lakes blvd to golf course on right.
Flood Zone Codex
Flood Zone Code XY
HOANo
Heatingcentral
Legal Descriptionrev of resub of portion of sec 11 placid lakes 8/77 tract d -golf course- 134 acres
Listing Termscash, conventional, owner may carry
Living Area Unitssquare feet
Lot Size Square Feet5840960
Lot Size Unitsacres
MLS Area33852 - lake placid
ModificationTimestamp2025-06-06t20:31:28.123z
New ConstructionNo
Ownershipother
Possessionclose of escrow
Property Subtypebusiness
Property Typecommercial sale
Standard Statusactive
Statusactive
Subdivision Nameplacid lakes sec 11 rep
Tax Annual Amount4341.12
Tax Lot46-18
Tax Year2023
Virtual TourClick here
Water Access Typepond
Water Access Y/NYes
Water View Y/NNo
Year Built1967
Zoningau

Exterior for 3603 PLACID LAKES BOULEVARD

Building Area Total3000
Foundation Detailsslab
Lot Size Acres134.09
Lot Size Area134.09
Number of Buildings1
Number of Lots0
Road Frontage Typecity street
Road Surface Typepaved
Waterfront Y/NNo

Additional Details

Price History

Andre LaFountain

Realtor / Coach
Price $1,850,000
MLS#L4949447
List Date 12/16/2024
Property Type Commercial
Phone 518.569.7173
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Location
  • Babcock Ranch