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3603 Placid Lakes Boulevard, Lake Placid, FL (MLS# B26007766)

3603 Placid Lakes Boulevard, Lake Placid, FL

$1,750,000
Property Type: Commercial Sale Square Footage: 3,000 Status: Active
Current Price: $1,750,000 List Date: 3/27/2026 Last Modified: 4/30/2026

Overview

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.

Listing Details MLS# B26007766

General Property Information

Property Sub Type
Business
Building Area Main
3000
Building Area Source
Other
Adjusted Area Main
3269
Year Built
1967
Parking Total
35
Lot Size Area
5840960.4
Lot Size Acres
134.09
Accessibility Features YN
Yes
Stories Total
Yes

Property Features

Documents Available: Other Available Information Electric: Other Flooring: Carpet; Vinyl Heating: Central Building Possession: Close Of Escrow Sale Includes: Building; Land Special Listing Conditions: Standard Construction Materials: Concrete Cooling: Ceiling Fan(s); Central Air Listing Terms: Cash; Conventional Roof: Shingle Security Features: Other Sewer: Public Sewer Utilities: Electricity Connected; Sewer Available; Water Connected Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Office; Text Listing Agent; See Remarks Acreage Description: 10 Or More Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
1750000
Listing Service
Full Service

Location and Legal

Country
United States
County Or Parish
Highlands
Street Number
3603
Street Name
Placid Lakes
Street Suffix
Boulevard
Municipality Type
Incorporated
State Or Province
FL
Postal Code
33852
Area
5940 - Other Florida County
Geographic Area
Other
Parcel Number
C14372911200d00000
Subdivision Number
112
Zoning
AU
Flood Zone
A,X
Property Description
GOLF COURSE, DRIVING RANGE

Financial Information

Tax Annual Amount
4009.78
Tax Year
2025
Tax Assessed/SOH Value
292106
Tax Legal Description
REV OF RESUB OF PORTION OF SEC 11 PLACID LAKES 8/77 TRACT D -GOLF COURSE- 134 ACRES
Assessor Market Value
292106

Status Change Information

Major Change Timestamp
2026-03-27T17:27:04Z
Major Change Type
New Listing
Status Change Date
2026-03-27

More Information

Meter Information

Separate Electric Meters YN
No
Separate Gas Meters YN
No
Separate Water Meters YN
No

Showing Details

Pet(s) on Premises
No
Showing Contact Phone
863-381-4932

Price Calculations

Current Price To SqFt
583.33

Originating Details

Originating System Key
20260327164331625098000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Other
Yes

Flooring

Carpet
Yes
Vinyl
Yes

Special Listing Conditions

Standard
Yes

Documents Available

Other Available Information
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Utilities

Electricity Connected
Yes
Sewer Available
Yes
Water Connected
Yes

Heating

Central Building
Yes

Sale Includes

Building
Yes
Land
Yes

Construction Materials

Concrete
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Shingle
Yes

Security Features

Other
Yes

Water Source

Public
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes

Showing Requirements

24 Hour Notice
Yes
Appointment Only
Yes
Call Listing Office
Yes
Text Listing Agent
Yes
See Remarks
Yes

Acreage Description

10 Or More Acre Lot
Yes
Listing Office: Advantage Realty #1
IDX
Last Updated: April - 30 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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