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Listed price in listed location currency (USD).
$1,750,000

0035

MLS® B26007766

Overview

Key Facts

Type Business
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $4,010
Days Active 2
Approx. Age 1967
MLS® Number B26007766

Property Address: 3603 Placid Lakes Blvd, LAKE PLACID, FL, 33852-6653

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® NumberB26007766
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1967
Stories1
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 26, 2026List Date
$1,750,000List Price
-End Date
Not Sold YetSold Price

For Sale

Jan 19, 2024List Date
$1,750,000List Price

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