$1,850,000
( $616.67Per Sq Foot )
 $10,504 est/mo Sourced by Back At You

3603 Placid Lakes Blvd , LAKE PLACID, FL 33852

LAKE PLACID, FL 33852

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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!

Details

MLS#L4949447
Listing TypeFor Sale
StyleOther Business Opportunity
Sub-TypeFor-sale
StatusActive
Year1967
Days On Site28
Listing Provided ByADVANTAGE REALTY 1 | Gregory Karlson

Features

SQ Feet3,000
Story(s)1
ZoningAU
Acreage134.09

Market Activity 33852

 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of January 13, 2025 at 12:35:14 PM PST All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Listings Checked: 3 minutes ago
StateFL
CountyHighlands
CityLAKE PLACID
Zip Code33852
Area33852 Lake Placid
Community NamePLACID LAKES SEC 11 REP
Listing VS Median (in PLACID LAKES SEC 11 REP)
Price:
$1,850,000
low | high
Med:
$1,850,000
50% of Average
SqFt:
3,000
low | high
Med:
3,000
50% of Average
$ / SqFt:
$617
low | high
Med:
$617
50% of Average
On Site:
28
low | high
Med:
28.000000
100% of Average
Sourced by Back At You
Listing Updated: January 9, 2025 at 2:24:13 PM PST