3603 Placid Lakes Blvd, Lake Placid, Florida 33852

  • $1,850,000
  • $1,750,000

Overview

Property ID: HZL4949447
  • Business, Commercial Sale
  • Property Type
  • 3000 Sqft
  • Area Size

Description

Former 18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility all on 139+-Acres priced at Only $12, 589 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 acres (on restaurant site). 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, 779 +/- per acre, $325, 000; 67 acres with 201 homesites+48 Townhomes at $4, 117 per homesite/unit, $1, 025, 000. Do Not Disturb restaurant tenant! Sale is confidential and buyer Must sign confidentiality agreement before showings & getting detail package of information!

  • Address: 3603 PLACID LAKES BOULEVARD
  • City: Lake Placid
  • State/county: FL
  • Zip/Postal Code: 33852
  • Country: US

Details

Updated on June 4, 2026 at 5:18 pm
  • Property ID HZL4949447
  • Price $1,850,000
  • Property Size 3000 Sqft
  • Land Area 134.09 Acres
  • Year Built 1967
  • Property Type Business, Commercial Sale
  • Property Status Active

Additional details

  • Listing Terms Cash, Owner Financing
  • Cooling Central Air
  • Heating Central
  • Flooring Linoleum
  • County Highlands
  • Property Type Commercial Sale

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Jamie Stevens

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