FL
Highlands
LAKE PLACID
33852
3603 PLACID LAKES BOULEVARD
3603 PLACID LAKES BOULEVARD, LAKE PLACID, FL 33852
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Listing Type
Commercial/Industrial
Listing Status
pending
26
$1,850,000

Home Details for 3603 PLACID LAKES BOULEVARD

Price
$1,850,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
3000
Year built
1967
Lot size acres
134.09
County
Highlands
Garage
Days on site
282
MLS Listing#
L4949447
Property Description

Under contract-accepting backup offers. 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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Property Features
  • Cooling Information
    • Central Air
  • Heating Information
    • Central
Listing Courtesy: ADVANTAGE REALTY 1 - 863-386-1111
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. 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. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2025 MLS GRID. All Rights Reserved.
Last Updated: 2025-05-21 09:32:57
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EXIT KING REALTY
8728 East State Rd 70, Bradenton, FL 34202
Office
941 497 6060
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