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!
Property Details
Price:
$1,850,000
MLS #:
L4949447
Status:
Active
Beds:
0
Baths:
0
Address:
3603 PLACID LAKES BOULEVARD
Type:
Commercial
Subtype:
Business
Subdivision:
PLACID LAKES SEC 11 REP
Neighborhood:
33852 – Lake Placid
City:
LAKE PLACID
Listed Date:
Dec 16, 2024
State:
FL
Finished Sq Ft:
3,000
Total Sq Ft:
3,000
ZIP:
33852
Lot Size:
5,840,960 sqft / 134.09 acres (approx)
Year Built:
1967
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
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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 Stellar MLS. 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 2025. Stellar MLS. All rights reserved. 3603 PLACID LAKES BOULEVARD
LAKE PLACID, FL
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