6.05-acre waterfront property on Lake Grassy with frontage on Highway 27. Includes a 9-unit complex built in 2008: five single-story (2 beds, 2 baths) and four two-story units (3 beds, 2.5 baths). Fully paved roads, utilities, and a valid wastewater permit t

2105 SOUTH US 27 HIGHWAY S #9, Lake Placid

$2,999,000 USD
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Address2105 SOUTH US 27 HIGHWAY S #9, Lake Placid
Building NameUS 27 COUNTY RD 17 TO SR 7
Type of PropertyIncome / MultiFamily
Property StyleQuadruplex
Price$2,999,000
Property StatusActive
MLS NumberA11850925
Living Area1540
Year Built2008
Parking Space Number51
Folio NumberC-20-37-30-A00-0060-0000
Net Operating Income$126,977
Zoning InformationR3FUD
Days on Market134

Detailed Description: 6.05-acre waterfront property on Lake Grassy with frontage on Highway 27. Includes a 9-unit complex built in 2008: five single-story (2 beds, 2 baths) and four two-story units (3 beds, 2.5 baths). Fully paved roads, utilities, and a valid wastewater permit through 2029 make this a shovel-ready project. Approved plans for 42 additional 3-bed, 2.5-bath units (approx. 1,565 sq. Ft.) can be adapted to suit your vision. Also features space for a community pool. Existing income-producing units, highway visibility, and water access make it an ideal turnkey opportunity for developers or investors

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Address Information
StateFlorida
CityLake Placid
CountyHighlands County
Zip Code33852
Address2105 SOUTH US 27 HIGHWAY S
Financial Information
Price$2,999,000
Price per Foot$0
Folio NumberC-20-37-30-A00-0060-0000
Net Operating Income$126,977
Tax Amount$25,876
Tax Year2024
Full Descriptions
Detailed Description6.05-acre waterfront property on Lake Grassy with frontage on Highway 27. Includes a 9-unit complex built in 2008: five single-story (2 beds, 2 baths) and four two-story units (3 beds, 2.5 baths). Fully paved roads, utilities, and a valid wastewater permit through 2029 make this a shovel-ready project. Approved plans for 42 additional 3-bed, 2.5-bath units (approx. 1,565 sq. Ft.) can be adapted to suit your vision. Also features space for a community pool. Existing income-producing units, highway visibility, and water access make it an ideal turnkey opportunity for developers or investors
How to ReachFROM HWY 27 S TO LEFT ON STEPHENS DR TO LEFT ON CORONADO CT PROPERTY IS ON THE LEFT
Water AccessCommunity Boat Dock, Dock Available
Waterfront DescriptionCanal Front, Lake
Roof DescriptionBarrel Roof
Floor DescriptionTile
Cooling DescriptionCentral Air
Heating DescriptionCentral
Water DescriptionMunicipal Water
Sewer DescriptionPublic Sewer
Property parameters
Living Area1540
Zoning InformationR3FUD
Year Built2008
Type of PropertyIncome / MultiFamily
StyleQuadruplex
Building NameUS 27 COUNTY RD 17 TO SR 7
Development NameUS 27 COUNTY RD 17 TO SR 7
Construction TypeConcrete Block Construction
Stories Number2.000
Street DirectionSouth
Parking Space Number51
Listed withHammock Realty