LAKE PLACID, FL 33852 2105 S US 27 HIGHWAY S

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Presented By: HAMMOCK REALTY LLC with 863-304-8795. - 863-304-8795
  • MLS# L4954869
  • 08/01/2025
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Disclaimer: The information contained in this listing has not been verified by Homepride Group at EXP Realty and should be verified by the buyer.
  • SQFT • 1,540

Home Details

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.
Presented By: HAMMOCK REALTY LLC with 863-304-8795. - 863-304-8795

Interior Features for 2105 S US 27 HIGHWAY S

Bedrooms

Total Bedrooms

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourceappraiser
Air Conditioning Y/NYes
Fireplace Y/NNo
Flooringtile
Furnished Y/Nunfurnished
Heating Y/NYes
Interior Amenitiesceiling fan(s), primary bedroom main floor
Laundry Featureslaundry room

General for 2105 S US 27 HIGHWAY S

Additional Parcels Descriptionc-21-37-30-020-00a0-0000, c-21-37-30-020-00aa-0000
Additional Parcels Y/NYes
Appliancesdishwasher, microwave, range, refrigerator
Attached Garage No
Body of Waterlake grassy
Building Area Unitssquare feet
Carport Y/NNo
Citylake placid
Construction Materialsconcrete
Coolingcentral air
Countyhighlands
Directionsfrom hwy 27 s to left on stephens dr to left on coronado ct property is on the left
DockY/NYes
Flood Zone Codex
Flood Zone Code XY
Garage Y/NNo
Gross Income169020
HOANo
Heatingcentral
Land Lease Y/NNo
Lease Considered Y/NYes
Legal Descriptionan irreg 4.197 acre tract being 182 ft along nely r/w of us 27 in se 1/4 of sec 20 + sw 1/4 of sec 21 20-37-30/6 4.197 acres
Listing Termscash, conventional
Living Area Unitssquare feet
Lot Size Square Feet262415
Lot Size Unitsacres
MLS Area33852 - lake placid
Minimum Lease1-2 years
ModificationTimestamp2025-08-02t08:32:08.153z
New ConstructionNo
Number Of Units Total9
Occupancy Typetenant
Ok to Lease12 months
Ownershipfee simple
Patio/Porch Featurespatio, rear porch
Possessionclose of escrow
Property Subtypemulti family
Property Typeresidential income
Rooftile
Senior Community Y/NNo
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Namean irreg 4.197 acre tract being 182 ft along nely
Tax Annual Amount3373.81
Tax Lot20
Tax Year2024
Tenant Payselectricity, sewer, water
Utilitiescable available, electricity connected, sewer connected, sprinkler well, street lights, water - multiple meters, water connected
Viewwater
Virtual TourClick here
Water Access Typecanal - freshwater, lake
Water Access Y/NYes
Water Viewcanal, lake
Water View Y/NYes
Waterfront Featurescanal - freshwater, lake front
Year Built2008
Zoningr3fud

Exterior for 2105 S US 27 HIGHWAY S

Building Area Total1680
Exterior Amenitiesbalcony, irrigation system, lighting, private mailbox, rain gutters
Foundation Detailsslab
Lot Featuresin county, irregular lot, landscaped
Lot Size Acres6.03
Lot Size Area6.0242
Number of Buildings2
Number of Lots3
Parking Featuresdriveway, guest, open
Private PoolNo
Road Frontage Typestreet paved
Road Surface Typepaved
Water Sourcepublic
Waterfront Y/NYes

Additional Details

Price History

Steven Pugh

Broker Associate | Team Leader
Price $2,999,000
MLS#L4954869
List Date 08/01/2025
Property Type Income
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