Waterfront
Address
1001 Lakeview Drive, SEBRING, FL
Price
$ 4,500,000
Property Attributes
  • MLS#L4964161
  • TypeIncome
  • Listing Status Active
  • CountyHighlands
  • CitySEBRING
  • AreaSebring
  • NeighborhoodSUNSET BEACH SUB
  • Zip33870
  • StyleQuadruplex
  • Year Built1972
  • Taxes$ 20634
  • Price$ 4,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage17537
  • Lot Size3.04 Acres
Data Source:
Stellar MLS
Property Description

RARE SEBRING INVESTMENT/REDEVELOPMENT OPPORTUNITY! Former Sunset Beach Motel at US 27 & Lakeview Dr offers 42 units on 3± acres at a highly visible hard corner with 297± FT of frontage on beautiful Lake Jackson. Surrounded by major retailers/services including Publix, Bealls Outlet, Popeyes, Verizon & CVS. Existing improvements & infrastructure provide tremendous value as construction, utility & development costs continue to rise. Renovate/stabilize the 42 units for income while positioning this prime site for future redevelopment. Owner pro forma based on $800/unit/mo, 10% vacancy & 35% expenses projects $235,872 NOI. One building has a newer metal roof; additional updating needed. Exceptional potential for upscale hotel/resort, timeshare, lakefront restaurant, retail or mixed commercial redevelopment, subject to approvals. Sebring continues expanding with new residential, industrial & national brands including BJ’s Wholesale, First Watch, Wawa & Culver’s, driving demand for lodging, retail & services. Secure this irreplaceable lakefront commercial site while existing improvements offer holding-income potential. BUY THE LOCATION, IMPROVE THE INCOME & POSITION FOR THE FUTURE! Buyer to verify zoning, uses, measurements & financials.

Price History
8/10/2026 Listed $4,500,000

General Features

Sewer Public Sewer
Heating Heat Pump
Cooling Wall/Window Unit(s)
Utilities Cable Available,Electricity Available
Possession Close Of Escrow
Roof Metal
Zoning MUQD
Construction Materials Block
Year Built 1972
Property Subtype Quadruplex
Tax Year 2025
Ownership Leasehold
Waterfront Features Lake Front
County Highlands
New Construction false
Property Type Residential Income
Subdivision Name SUNSET BEACH SUB
Garage Y/N false
Status Active
Directions Take US 27 to Lakeview turn left and property will be on the left.
City SEBRING
Senior Community Y/N false
MLS Area 33870 - Sebring
Lot Size Units Acres
Lot Size Square Feet 132292
Carport Y/N false
Listing Terms Cash,Conventional
Land Lease Y/N false
Tax Annual Amount 20634.8
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4964161
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 39
Legal Description SUNSET BEACH SUB PB 1-PGS 20-21 W 100 FT OF LOT 39 + CONTIG PART OF WARWICK AVE + LOTS 41 + 43 BLK 3
Water View Lake
Water Access Type Lake
Water Access Y/N true
Water View Y/N true
Flood Zone Code AE*
DockY/N false

Interior Features

Interior Amenities Ninguno
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features None
LivingAreaSource Public Records

Exterior Features

Exterior Amenities Other,Sidewalk
Water Source Public
Lot Size Area 3.037
Foundation Details Slab
Number of Buildings 5
Lot Dimensions 316 x 415
Lot Size Acres 3.04
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N true

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 Income Average in 33870

Price
AVG $1.87M
$4.5M
Taxes
AVG $11,759
$20,634
Year Built
AVG 1965
1972