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Pinnacle Realty Advisors

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$ 2,999,000

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2105 S US 27 HWY S Lake Placid, FL 33852

1,540 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,540 sqft

Price per Sqft $1,947

Subdivision An Irreg 4.197 Acre Tract Being 182 Ft Along Nely

MLS Listing ID L4954869

HOA Y/N No

Year Built 2008

Annual Tax Amount $3,373

Lot Size 6.030 Acres

Acres 6.03

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

Located along Highway 27, this 6.03-acre property has waterfrontage on Lake Grassy. It offers significant development potential with existing infrastructure in place for residential expansion. The property includes a 9-unit complex: five single-story units (2 beds, 2 baths, approximately 1,540 sq. ft. living space) and four two-story units (3 beds, 2.5 baths, about 1,534 sq. ft. living space). Completed in 2008, Phase 1 is finished. Phase 2 proposes constructing 42 additional 3-bedroom, 2.5-bath units, each about 1,565 sq. ft. of living space. The design and the size of units can be modified to meet your needs. All necessary infrastructure, including paved roads and utilities, is ready, making this a shovel-ready project. Proposed plans for the new units are included, along with a wastewater management permit valid through 2029. The site also provides space designated for a community pool. This property provides a fully prepared development site with existing income units, without zoning changes or significant infrastructure costs. Its highway frontage, water access, and ready-to-build status make it an attractive option for developers or investors seeking immediate development potential.

Location

State FL

County Highlands

Community An Irreg 4.197 Acre Tract Being 182 Ft Along Nely

Area 33852 - Lake Placid

Zoning R3FUD

Direction S

Interior

Interior Features Ceiling Fans(s), Primary Bedroom Main Floor

Heating Central

Cooling Central Air

Flooring Tile

Furnishings Unfurnished

Fireplace false

Appliance Dishwasher, Microwave, Range, Refrigerator

Laundry Laundry Room

Exterior

Exterior Feature Balcony, Lighting, Private Mailbox, Rain Gutters

Parking Features Driveway, Guest, Open

Community Features Street Lights

Utilities Available Cable Available, Electricity Connected, Sewer Connected, Sprinkler Well, Water - Multiple Meters, Water Connected

Waterfront Description Canal - Freshwater,Lake Front

View Y/N Yes

Water Access Yes

Water Access Desc Canal - Freshwater,Lake

View Water

Roof Type Tile

Porch Patio, Rear Porch

Attached Garage false

Garage false

Private Pool No

Building

Lot Description In County, Irregular Lot, Landscaped, Paved

Foundation Slab

Lot Size Range 5 to less than 10

Sewer Public Sewer

Water Public

Structure Type Concrete

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by HAMMOCK REALTY LLC