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3603 Placid Lakes Boulevard, LAKE PLACID, FL 33852
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3603 Placid Lakes Boulevard
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Priced at Only: $1,850,000
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Address: 3603 Placid Lakes Boulevard, LAKE PLACID, FL 33852
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  • MLS#: L4949447 ( Commercial Sale )
  • Street Address: 3603 Placid Lakes Boulevard
  • Viewed: 3
  • Price: $1,850,000
  • Price sqft: $617
  • Waterfront: No
  • Year Built: 1967
  • Bldg sqft: 3000
  • Days On Market: 12
  • 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
  • mfrmls
  • DMCA Notice
  • Description
    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!
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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-
  •   Monthly -
Features
Building and Construction
  • Covered Spaces: 0.00
  • Flooring: Linoleum
  • Living Area: 3000.00
Garage and Parking
  • Garage 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
  • Net Operating Income: 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
Nearby Subdivisions
Floral Homes Rep   Highlands Park Estate Sec B Re   Placid Lakes Sec 11 Rep   Replat Of Roberts Grove Add   Rplt Roberts Grove Add   Serenity Sub  
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Headshot for Associate John Holtje
  1. John Holtje
  2. Tropic Shores Realty
  3. 352.587.3980
  4. bigjohnholtje@gmail.com