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!
Property Details
Price:
$1,850,000
MLS #:
L4949447
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Business
Subdivision:
PLACID LAKES SEC 11 REP
Neighborhood:
33852lakeplacid
Listed Date:
Dec 16, 2024
Finished Sq Ft:
3,000
Total Sq Ft:
3,000
Lot Size:
5,840,960 sqft / 134.09 acres (approx)
Year Built:
1967
See this Listing
Schools
Interior
Cooling
Central Air
Flooring
Linoleum
Heating
Central
Exterior
Construction Materials
Concrete
Financial
Tax Year
2023
Taxes
$4,341
Map
Community
- Address3603 PLACID LAKES BOULEVARD LAKE PLACID FL
- SubdivisionPLACID LAKES SEC 11 REP
- CityLAKE PLACID
- CountyHighlands
- Zip Code33852
Subdivisions in LAKE PLACID
- AN IRREG 4.197 ACRE TRACT BEING 182 FT ALONG NELY
- BAY STREET VILLAS
- BEAR HOLLOW UNREC SUB
- CHILDS BAY
- CLOVERLEAF ESTATES TR A
- DEEANN LAKEFRONT ESTATES
- FLAMINGO CLUB VILLAS
- FLORAL HOMES REP
- FRANSVILLA REP
- HIGHLANDS PARK EST
- Highlands Park Estate
- Highlands Park Estate Sec C Rep
- HIGHLANDS PARK ESTATE SEC T
- HILLCREST ADD
- HORIZON EQUESTRIAN ESTATES
- HORTONS LANDING ADD
- HUDECK UNREC
- LAKE BLUE ESTATES
- LAKE HUNTLEY ESTATES
- LAKE JUNE
- LAKE JUNE POINTE PH 02
- LAKE JUNE POINTE PH 1
- LAKE JUNE SHORES SUB
- LAKE PLACID SEC 5
- LAKE RIDGE ESTATE
- LAKE SHORE SUB
- LEISURE LAKES ESTATES SEC 6
- LEISURE LAKES SEC 01
- LEISURE LAKES SEC 01 REP
- LEISURE LAKES SEC 02
- LEISURE LAKES SEC 03
- LEISURE LAKES SEC 04
- LEISURE LAKES SEC 05
- LEISURE LAKES SEC 06
- LEISURE LAKES SEC 07
- LEISURE LAKES SEC 08
- LEISURE LAKES SEC 09
- LEISURE LAKES SEC 10
- LEISURE LAKES SEC 13
- LEISURE LAKES SEC 14
- LEISURE LAKES SEC 16
- LEISURE LAKES SEC 17
- Leisure Lakes Sec 18
- LEISURE LAKES SEC 7
- PLACID LAKES INDUST PARK
- PLACID LAKES SEC 02
- PLACID LAKES SEC 06
- PLACID LAKES SEC 07 REP
- PLACID LAKES SEC 08
- PLACID LAKES SEC 09
- PLACID LAKES SEC 11 REP
- PLACID LAKES SEC 13
- PLACID LAKES SEC 14
- PLACID LAKES SEC 17
- PLACID LAKES SEC 18
- PLACID LAKES SEC 19
- PLACID LAKES SEC 20
- PLACID LAKES SEC TWENTY
- PLACID LAKES SUB
- PLACID PARK LAND
- REPLAT OF ROBERTS GROVE ADD
- RPLT ROBERTS GROVE ADD
- RURAL TRACTS
- SABAL PALM POINT
- SMOAK BROTHERS ADD
- SUN N LAKE
- SUN N LAKE LP REP
- SUN N LAKES
- SUN N LAKES EST
- SUN N LAKES ESTATE SUB
- SUN N LAKES ESTATES
- SUNN LAKES ESTATE
- SUNN LAKES ESTATES
- SYLVAN SHORES ESTATE SEC A
- SYLVAN SHORES ESTATE SEC D
- SYLVAN SHORES ESTATE SEC E
- THEO ESTATES UNREC SUB
- TOMOKA HEIGHTS SEC 02
- VACATION ESTATES
- VENETIAN VILL REV TR H
- WOEPPEL LANDING
Market Summary
Current real estate data for Commercial in LAKE PLACID as of Jun 10, 2026
9
Commercial Listed
376
Avg DOM
244
Avg $ / SqFt
$1,399,867
Avg List Price
Property Summary
- Located in the PLACID LAKES SEC 11 REP subdivision, 3603 PLACID LAKES BOULEVARD LAKE PLACID FL is a Commercial for sale in LAKE PLACID, FL, 33852. It is listed for $1,850,000 To schedule a showing of MLS#l4949447 at 3603 PLACID LAKES BOULEVARD in LAKE PLACID, FL, contact your CENTURY 21 Carioti agent at 800-783-8847.
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Courtesy of ADVANTAGE REALTY 1. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 3603 PLACID LAKES BOULEVARD
LAKE PLACID, FL
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