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3603 Placid Lakes Boulevard, LAKE PLACID, FL 33852
Property Photos
Priced at Only: $1,850,000
For more Information Call:
(352) 279-4408
Address: 3603 Placid Lakes Boulevard, LAKE PLACID, FL 33852
Property Location and Similar Properties
- MLS#: L4949447 ( Commercial Sale )
- Street Address: 3603 Placid Lakes Boulevard
- Viewed: 1
- Price: $1,850,000
- Price sqft: $617
- Waterfront: No
- Year Built: 1967
- Bldg sqft: 3000
- Days On Market: 5
- Acreage: 134.09 acres
- Additional Information
- Geolocation: 27.2583 / -81.4025
- County: HIGHLANDS
- City: LAKE PLACID
- Zipcode: 33852
- Subdivision: Placid Lakes Sec 11 Rep
- Provided by: ADVANTAGE REALTY 1
- Contact: Greg Karlson
- 863-386-1111
- DMCA Notice
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DescriptionOwner 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!
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- Principal & Interest -
- Property Tax $
- Home Insurance $
- HOA Fees $
- Monthly -
Features
Building and Construction
- Covered Spaces: 0.00
- Flooring: Linoleum
- Living Area: 3000.00
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air
- Heating: Central
- Road Frontage Type: City Street
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Tax Year: 2023
Other Features
- Country: US
- Legal Description: REV OF RESUB OF PORTION OF SEC 11 PLACID LAKES 8/77 TRACT D -GOLF COURSE- 134 ACRES
- Area Major: 33852 - Lake Placid
- Parcel Number: C-14-37-29-112-00D0-0000
- Possession: Close of Escrow
- Zoning Code: AU
- Tropic Shores Realty
- A Winning Team
- 352.684.7371
- tropicshoresrealty@gmail.com