Seller Financing
Address
3603 Placid Lakes Boulevard, LAKE PLACID, FL
Price
$ 1,850,000
Property Attributes
  • MLS#L4949447
  • TypeCommercial
  • Listing Status Active
  • CountyHighlands
  • CityLAKE PLACID
  • AreaLake Placid
  • NeighborhoodPLACID LAKES SEC 11 REP
  • Zip33852
  • StyleBusiness
  • Year Built1967
  • Taxes$ 4341
  • Price$ 1,850,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3000
  • Lot Size134.09 Acres
Data Source:
Stellar MLS
Property Description

Former 18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility all on 139+-Acres priced at Only $13,310 per acre for Fast Sale /Offering Tremendous Upside Potential! Open it all back up or explore many alternative potential uses. All Subject to Approvals of course. The restaurant with liquor license is leased. Past income of this business produced was 8% Cap Rate 2021 & 9% Cap Rate 2022. This course is the Only Golf Course in Lake Placid. Allocation of values: Restaurant, $400,000(4+-acres) then 134+-acres @ $10,486 per acre(w/valuable wells,pumps/barn), 3 residential lots($45k) Do Not Disturb restaurant tenant! Sale is confidential and buyer Must sign confidentiality agreement before showings & getting detail package of information!

Price History
12/19/2025 Listed $1,850,000
1/12/2026 5$1,750,000
5/13/2026 6$1,850,000

General Features

Heating Central
Cooling Central Air
Possession Close Of Escrow
Zoning AU
Construction Materials Concrete
Year Built 1967
Property Subtype Business
Tax Year 2023
Ownership Other
County Highlands
New Construction false
Property Type Commercial Sale
Subdivision Name PLACID LAKES SEC 11 REP
Status Active
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.
City LAKE PLACID
MLS Area 33852 - Lake Placid
Lot Size Units Acres
Lot Size Square Feet 5840960
Listing Terms Cash,Owner May Carry
Tax Annual Amount 4341.12
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4949447
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 46-18
Legal Description REV OF RESUB OF PORTION OF SEC 11 PLACID LAKES 8/77 TRACT D -GOLF COURSE- 134 ACRES
Water Access Type Pond
Water Access Y/N true
Water View Y/N false
Flood Zone Code X
Flood Zone Code X Yes

Interior Features

Flooring Linoleum
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
LivingAreaSource Estimated

Exterior Features

Lot Size Area 134.09
Foundation Details Slab
Number of Buildings 1
Building Area Total 3000
Lot Size Acres 134.09
Road Surface Type Paved
Waterfront Y/N false
Road Frontage Type City Street

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 33852

Price
AVG $1.26M
$1.85M
Taxes
AVG $9,293
$4,341
Year Built
AVG 1984
1967