Remodeled Waterfront Duplex with Income Potential! Live on the lake and earn income! This updated duplex features 2 separate houses—each with new shaker kitchens, quartz counters, stainless steel appliances, new A/Cs, brand-new water filtration system, and metal roofs. Unit 1: 2BR/1BA + sun room, rented for $1,400/month. Unit 2: 1BR/1BA + sun room—perfect for guests or extra income. Huge ¼-acre corner lot with canal access to Lake Grassy—bring your boat or jet skis! Enjoy community amenities: boat ramp, tennis, pickleball, clubhouse, included with your property taxes $35/year. Great for investors, Airbnb, or house-hackers. Live the lakefront lifestyle and let it pay for itself!
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
Courtesy: HAMMOCK REALTY LLC
863-304-8795
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.
This is the Investment you've been seeking! Producing 4-Plex + Multi-Fam Lot + Res. Lots + Large Steel Building. If your a New Investor, live one Unit and Build Later or rent all units & Build Multy Fam., Build Single Fams. & Steel Building. (Huge Profit). 4Plex has New Roof, fenced patios, Land cleared, all appliances & a/c's working well. Steel building 3 yrs. old 1200 Sq Ft. New Floors. Completely Painted Inter. & Exter. 4 Carports & Plenty Additional parking. Total 8 Lots being sold together with (2 Vacant Res. Lots). show 3BBd/2Ba & 2Bd/2Ba. All units have the same layout except the 3Bd/2Ba that has + room at the rear of unit. All units currently rented. (HOA Is Voluntary Not Mandatory) Property fenced.
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Lake Placid is located in Florida. Lake Placid, Florida has a population of 2,433. Lake Placid is more family-centric than the surrounding county with 27.22% of the households containing married families with children. The county average for households married with children is 18.31%.
The median household income in Lake Placid, Florida is $41,610. The median household income for the surrounding county is $46,895 compared to the national median of $69,021. The median age of people living in Lake Placid is 38 years.
The average high temperature in July is 92.2 degrees, with an average low temperature in January of 47.2 degrees. The average rainfall is approximately 51 inches per year, with 0 inches of snow per year.
